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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    Tim

    Despite demand being above seasonal norms last week, gas prices came down in line with Brent crude oil which fell by around 5%. Electricity prices closed the week fairly flat considering poor wind generation, as prices were supported by the gas movements. More
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    Chris

    Prices were pushed higher due to a weak contribution from renewables and a required increase in gas-fired generation. The falling oil price, however, managed to keep the price rise moderate in the short term and stable long-term. More
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    Tim

    UK wind output remained low with the higher than average temperatures and all of the sunshine, record solar outputs were forecast in Germany last week. Gas saw gains in the week due to rising coal prices driving things up and electricity followed a similar trend for most of the week. More
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    Chris

    Gas prices closed a little higher last week due to an increase in gas demand and a number of outages. Longer term, both gas and electricity continue to be on the up due to concerns about global oil supply as the US put pressure on other nations to stop importing Iranian crude oil. More
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    Tim

    Gas went into oversupply during the week, as temperatures raced upwards past seasonal norms, which helped short-term gas prices to tick down slightly with electricity then following suit, helped by solar. The longer term was a different story, however, with the effect of oil increases passing through to all prices. More
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    Chris

    The oil prices continue to fall to levels not seen since early April as Saudi and Russia are expected to reverse agreed supply cuts in response to increasing US output. This, coupled with significant restocking and strong wind generation during the week, helped the traded gas price move downwards. More

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