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

    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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    Tim

    Short-term gas prices fell slightly this week, helped by the export pipeline to the continent being offline for maintenance, which resulted in strong supply conditions. However, many factors combined with the long-term prices and they ultimately remained fairly stable and in line with oil. More
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    Chris

    A volatile week

    05.06.2018

    Short-term gas prices were quite volatile during the week but ultimately ended higher as a result of issues restricting flows from Norway. Longer term prices resisted the increase, helped by a stronger pound. Electricity generally followed suit, however, the news that the Hinkley Point B nuclear station was expected back online kept increases in check. More

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