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

    Last week temperatures remained below their seasonal norms, creating a significant demand for gas. Fortunately, the continued healthy gas storage levels and arrivals of three Liquid Natural Gas tankers in the UK helped to alleviate the pressure and soften demand, bringing prices down. More
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    Oli

    Healthy supply caused gas prices to fall last week despite temperatures being below seasonal norms. At present Liquid Natural Gas and Medium Range Storage are at the highest they’ve ever been at this point in the year. Electricity followed the gas prices down even though low wind generation increased the reliance on gas fuelled power plants throughout the week. More
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    Jon

    Oil prices increases mid-week and cold weather forecasts for the end of January created gas price increases of around 6%. Price increases were softened slightly due to European gas supply levels being the strongest they’ve been in over five years. More
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    Chris

    Gas prices fell considerably at the beginning of last week due to seasonal demands being so much lower than forecasts. Lessons learned from last years ‘Beast from the East’ have caused stocks to be oversupplied, just in case we’re hit with such cold temperatures again this year. More
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    Oli

    Last week's demand was around 15% lower than expected at this time of year, due to mild temperatures causing gas prices to decrease. Temperatures fell towards the end of the week to around -3°C, causing demand to creep back up above seasonal norms. More
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    Chris

    A combination of low wind generation and colder temperatures created a higher demand for gas last week. Alongside sharp rises in coal and carbon prices, these factors have created increases across the board with both gas and electricity prices moving steeply upwards. More

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