Energy efficiency is not just low-hanging fruit; it is fruit on the ground. Stephen Chu, US Secretary of Energy

Energy Contracts and Prices

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

 

  • image description

    Chris

    Oil prices continued to push through recent highs, although increased supplies flowing from US wells helped to temper the effect of the unrest in Iran. Gas was in oversupply for most of the week, keeping prices low in the short and medium term. More
  • image description

    Chris

    With the market closed on both Christmas and Boxing Day, it reopened on the Wednesday with gas prices finishing lower due to strong domestic supply conditions. However, a combination of an undersupplied system and below seasonal average temperatures saw some volatility towards the end of the week, with things finally settling on Friday afternoon. More
  • image description

    Tim

    A shutdown of the North Sea Forties pipeline, which connects a significant number of gas fields to the British mainland, followed by an explosion at a large Austrian gas hub, caused a surge in both gas and electricity prices early in the week. More
  • image description

    Chris

    Below seasonal temperatures caused the short-term market for gas and electricity to push up slightly, electricity protected somewhat by good wind generation. Longer term news was better with contracts 12 months ahead falling,  helped again by the oil price continuing to be steady. More
  • image description

    Tim

    The forecast for milder temperatures over the weekend have helped to keep the short-term prices for both gas and electricity in check, despite some significant demand levels at the end of the week. Longer term prices for both were helped by a more stable oil price and the slight strengthening of the Pound against the Euro. More
  • image description

    Chris

    In a week dominated by supply restrictions on gas, unplanned outages at a number of domestic facilities, combined with restricted imports from Norway, conspired to drive the short-term gas price significantly higher. All other prices followed the trend, although both short and long-term electricity price increases were capped by robust wind generation. More

Back to top