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.

 

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    Jon

    Both gas and electricity have observed reductions of between 0.7% and 1.9% as Liquefied Natural Gas storage levels remain high. A revision of temperatures upwards for late November and early December has also assisted in the decrease. Three UK reactors will be shut down for planned outages between the 11 November and the 10 December, any delays to the scheduled return could trigger price rises. More
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    Oli

    Last week both gas and electricity have had marginal decreases with liquefied natural gas stock for both the short and mid term remaining healthy. The construction of the Nord Stream 2 pipeline is also contributing to driving prices lower. Carbon markets have exhibited gains this week and much uncertainty surrounds the cost of the UK’s carbon permit after Brexit. More
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    Chris

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    Jon

    Gas and electricity have remained fairly stable this week, which is largely due to the UK gas system flipping from undersupply on Friday to 19mcm oversupplied on Monday.  The main reason for the oversupply is an increase in Langeled flows and UKCS production. More
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    Tim

    Both gas and electricity power contract prices have increased this week between 0.8% and 1.6%. A major factor in this is the news of an Iranian oil tanker being hit by two missiles off the coast of Saudi Arabia leading to oil jumping 2% in a day.  In addition, in electricity, there has been an increased risk premium following a short unplanned outage at the Hartlepool 1 reactor. More
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    Chris

    Gas & Electricity prices have exhibited a small decrease over the last week following revisions to long range weather forecasts.  The indication of mild temperatures and firm wind power generation alongside the swelling imports of Liquified Natural Gas (LNG) into the UK have all assisted. More

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