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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    Chris

    There has been very little change to prices within the energy market last week. Brent Crude Oil and Coal came down due to falling demand forecasts and the news that SSE will close the 1.5 GW coal-fired Fiddler’s Ferry asset by April 2020. More
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    Tim

    Energy costs reduced again due to healthy gas storage and assumed weaker demands for summer bringing down the cost of coal and carbon too. Brent Crude costs fell significantly after the US announced that they will impose tariffs on Mexican imports; their trade war weighing heavily on the global economic outlook. More
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    Jon

    Record Liquified Natural Gas deliveries have softened the gas market and therefore gas prices were down by 5.5% last week. The healthy gas storage also resulted in a looser supply demand outlook for June. Oil costs also fell due to the trade wars between the US and Mexico/China. More
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    Chris

    This week has seen price increases for both Gas & Electricity due to carbon prices strengthening and PM May’s announcement that she will resign her position on the 7th June, spurring new sentiment over the likelihood of a no-deal Brexit. More
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    Jon

    Electricity prices have reduced this week due to the market taking direction from gas, system oversupply and warmer temperatures outweighing lower wind power generation forecasts. Reductions in trading prices to both coal and carbon have also influenced price reductions. More
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    Chris

    Last week saw electricity prices increase due to a volatile carbon market and EDF Energy announcing that the Hunterston B8 reactor outage would persist until the 30 May. Gas prices have remained stable, as supply-demand levels are currently higher than the equivalent 2017/18 levels, which have offset the rising carbon prices. More

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