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

    Gas prices dropped further last week due to milder than forecast weather, which reduced demand for gas. Initially electricity prices did come down in line with the gas market. However, due to the decline in wind generation towards the end of the week, electricity prices rose. More
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    Chris

    Gas prices fell last week due to milder than forecasted temperatures causing a fall in demand which, combined with a good flow of natural liquid gas coming through, led to an oversupplied system. Electricity prices tracked gas prices downwards, supported by strong levels of wind generation, but settled towards the end of the week. More
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    Tim

    Gas prices saw a massive drop this week, due to cold weather forecasts being revised, with temperatures returning to milder seasonal norms by the end of the month. On top of this, a healthy amount of liquid natural gas is due to dock this month which has caused prices to drop further. More
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    Chris

    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. More
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    Chris

    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. More
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    Tim

    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. More

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