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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    Oli

    Gas prices fell by over 3% in the past week as healthy EU gas storage levels and several Liquified Natural Gas (LNG) deliveries helped reduce the risk associated with winter conditions. Demand is expected to remain low as forecasted temperatures are forecast to stay above seasonal norms. More
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    Jon

    Both carbon & oil prices saw significant increases over the past week mainly due to falling assumed demands, US-China trade tensions and a poor European economic forecast. Cooler weather forecasts have caused a slight increase to both gas & electricity prices. More
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    Chris

    This week saw further price reductions to both gas & electricity, although they were not to the levels of the previous week. Reduced supply risk and EDF being given the go-ahead to resume generation at the 480 MW Hunterston B-8 nuclear reactor being two of the main reasons for the changes. More
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    Chris

    Both gas & electricity markets fell substantially, driven mainly by losses in the crude, coal and carbon markets as growing angst over global economic health weighs on assumed future demands. The EU Emissions Trading Scheme (ETS) carbon saw a 7% loss as ongoing no-deal Brexit speculation creates uncertainty. More
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    Jon

    The wider energy market continued to be the main driver again with strong losses for Brent Crude Oil weighing in, as well as carbon having tight supply demands due to a shortage of allowance auctions. It is expected that these wider energy issues will continue to drive the gas and electricity prices and with the trade war between the US and China continuing, the Brent Crude Oil market may continue to face volatility. More
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    Chris

    Gas prices rose last week due to a tight supply following maintenance as well as being affected by an increasing carbon market and a weak UK pound. Electricity prices also increased, mainly influenced by the gas and carbon price rises. However, overall the market is still on a downward trend since October last year and is still lower than it was when it peaked in early July. More

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