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

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  • A combination of temperatures falling below seasonal norms, along with a gas pressure failure at a processing plant in Norway, caused gas prices to increase throughout last week. Strong wind levels on Monday provided the grid with 22% of its electricity requirements though, unfortunately, this wasn’t enough to prevent electricity prices from tracking gas upwards. Read More...
  • putting an end to the plummeting prices of the last couple of weeks for gas and electricity. In addition, despite milder temperatures, gas prices increased this week owing to low wind levels calling for more gas-fueled generation. Electricity followed gas upwards at the start of the week, but strengthened with the improved wind output mid-week. Read More...
  • Temperatures being above their seasonal norm and a drop in Brent Oil prices caused the gas prices to fall further last week. Three Liquefied Natural Gas tankers arrived in the UK, creating a healthy supply to the system with another five due throughout November. Read More...
  • Gas prices took a sharp drop last week thanks to strong supply conditions and a fall in the price of oil, despite a planned outage at a gas terminal in Scotland. Electricity prices followed the downwards trend with additional support from high wind generation, which peaked on Tuesday generating a whopping 35% of the electricity in the UK and in turn, reduced the demand for gas and coal fired generation. Read More...
  • Overall, the market was fairly volatile last week due to disagreements between Saudi Arabia and the US and also further Brexit concerns. We saw a reduction in oil and carbon prices, which caused electricity prices to fall to the lowest price we’ve seen for two months. Read More...

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