Energy Contracts and Prices

Keep up-to-date with the latest news on energy contracts and prices with updates from the GrowSave team.

 

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    Chris

    Short term prices took a shift upwards last week and in the case of gas, recovering much of the previous week's price fall. Volatility is being caused by unpredictable extremes in wind and solar generation. Reduced wind power input, in particular, caused  extra demand for gas-fired generation, with gas import difficulties also helping to move prices higher. More
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    Chris

    Last week saw short-term gas prices dip lower than in September 2016, driven by a combination of high temperatures and pipeline maintenance preventing any continental export. Meanwhile, substantial air-con usage and unpredictable wind supply prevented short-term electricity from following suit. More
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    Chris

    With wind, solar and nuclear generating more power than gas and coal combined last week, short-term electricity prices ended the week significantly lower than previous. Gas prices resisted the downward price pressure, due to supply worries caused by some big shipments of gas being diverted away from the UK. More
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    Chris

    Long-term gas prices followed the reduction in oil, while short-term prices were held lower by strong imports from the continent. Longer-term electricity followed gas, with only the shortest contracts showing price increases caused by a lower than expected contribution from renewables. More
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    Chris

    Higher overall temperatures and good gas supply from the continent ensured that short-term gas prices ended the week slightly down. Electricity followed suit, with record solar generation helping to supply a spike in air con demand. Longer-term prices continued to creep up. More
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    Chris

    The early part of the week saw both gas and electricity prices pushed up due to varying factors. However, the week ended with both prices moving down, although electricity remained slightly higher than gas. Longer-term prices for all increased as oil strengthened and sterling weakened. More

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