Energy Contracts and Prices

Keep up-to-date with the latest news on energy contracts and prices with updates from the GrowSave team.

 

  • image description

    Tim

    Through the colder weather caused heating demand to rise initially last week, a drop in the price of carbon, milder weather forecasts and an unexpected gas cargo arriving to the UK which all caused prices to fall. Electricity also followed suit with some significant drops supported by rising wind and solar forecasts. More
  • image description

    Tim

    Last week gas prices were impacted by an unplanned outage at a key gas field in Norway sending prices back up after the dips we had last week. Electricity also tracked upwards, due to weaker wind output forecasts. Other factors affecting the market were strong levels of volatility in oil prices due to global supply concerns and pound sterling having a poor week against the euro following unsuccessful Brexit negotiation between the UK and EU. More
  • image description

    Chris

    After gas prices increased for the majority of the summer, last week we finally saw them start to go down. The decreases were caused by a combination of Norwegian gas being back up and running, following planned maintenance last week, and increased wind output. More
  • image description

    Chris

    Weakened gas supply conditions caused by further outages in Norway saw sharp increases last week. The outages are expected to last around two weeks so could continue to leave the market undersupplied and the prices to rise further. Electricity was more volatile and though it tracked gas for the majority of the week, strong wind outputs reduced the demand for expensive gas-for-power generation softened the increases slightly. More
  • image description

    Chris

    There were a number of gas outages, which caused prices to rise further and electricity followed these increases. Poor wind generation continued this week, creating higher demand for more expensive gas based generation. Oil prices also rose due to concerns about Iranian oil exports and the weakening of the pound, due to further concerns over Brexit negotiations earlier in the week. More
  • image description

    Chris

    Despite strikes at Total’s North Sea gas platform, the market started the week oversupplied creating a small fall in prices. However, by Tuesday, the effects of the strike were in full force and the market became undersupplied, sending prices up by over a penny. More

Back to top