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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

    Despite concerns at the beginning of the week over the closure of a significant pipeline from Norwegian gas fields, short-term prices continued downwards helped by a warmer outlook for April. Short-term electricity followed suit, helped by significant wind generation during the week. More
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    Tim

    Electricity saw considerable increases at the beginning of the week tracking the gas market, which had sharp gains due to colder than normal temperatures for the end of March. Midweek saw further increases, following poor wind generation forecasts, with gas beginning to fall. More
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    Chris

    Short-term gas prices continued to fall back to pre-cold snap levels as supply issues receded and temperatures returned to more seasonal levels. Longer term prices were driven slightly upwards, reacting to the trend in oil prices. Electricity followed suit in both the short and longer term. More
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    Tim

    Thursday saw the highest day-ahead gas price in 10 years, driven by a combination of the cold snap and supply restrictions from the continent. This led to a “gas deficit warning” from National Grid and helped push prices through the £2/therm barrier. More
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    Chris

    With the average temperatures showing more than 6°C lower than seasonal norms this week, forecasts saw the short-term markets over 40% higher (week on week) for gas and over 20% on electricity. The forecasts also suggest that this may be the case until mid-March. More
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    Tim

    For most of the week, electricity tracked gas prices, which were up due to temperature forecasts pushing up demand and increased Brent crude oil prices. In addition, variable wind generation and a strong peak demand left last electricity ending the week high. More

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