Professional Energy Purchasing

Archive for Market Update

Market Update – April 2018

Market Commentary – What Happened in March? The ‘Beast from the East’ lingered on as the cold weather re-surfaced even as we moved into Spring and the Easter holidays. The plunging temperatures sustained the demand for gas in the UK, although there was no repeat of the Gas Supply Deficit warning issued by National Grid […]

Non energy costs

The linked article below discusses the forecast for non-energy costs, provided by EDF Energy. EDF Energy monitor – May 2017

Market Update

Prices from last week’s report have declined slightly, with some choppy periods as factors push prices up. Last week, flows from Norway had decreased following drops in flows from Langeled and an outage at Kvitebjørn. Oil prices also rose following an unplanned production outage in the North Sea and geopolitical tensions surrounding Libya, Syria and […]

Market Update

Last week UK gas prices increased. The main cause of the increase was weather as we were forecast for a cold snap in February & March. This increases demand which of course increases prices. Yesterday it was announced that Rough storage will be looking good over Summer, which means that prices will decrease as there […]

Price trends UK ENERGY MARKET

Price trends UK ENERGY MARKET UK wholesale energy market prices continued to trend upwards in Q4 2016, as concerns over power and gas supply availability pushed quarterly average prices for UK energy to hit two-year highs. The ICIS Power Index (IPI) average value of £45.937/MWh reached levels not seen since Q4 2014, up 7% from […]

Utility cost increase on the horizon – secure contracts now!

Chamber Members have made savings on Gas & Electric contracts of up to £56,000 in total by using the Chamber Service. The market is very volatile at present due to both the uncertainty over ‘Brexit’ and over where oil prices will go. At present, prices look to be going on the increase, so to protect […]

Market Update

Power and gas prices have increased sharply over the weekend, with prices of a 1 year contract starting in November going up by £3.40/MWh and 1.422 p/therm respectively. The increases are caused by the following factors: · Conservative Party Conference: The value of the pound has fallen below US$1.29/£ as a result of the announcement […]

Market Update

Here is a brief explanation regarding why the markets have been on the increase today, courtesy of Corona Energy: Gas Prices are up on the back of OPEC’s announcement of an agreement to Cut/Cap production of oil. This has caused a spike in oil and gas prices. Power There are concerns around French Nuclear production […]

Market Update

There has been a sharp rise in near curve gas and power prices overnight, with the August 2016 gas price gaining 1p/therm and the power price gaining £0.78/MWh. The increase in prices is caused by the following factors: • Anticipated decrease in LNG Imports: Less LNG is expected to arrive in Britain in the next […]

Market Update

Friday afternoon after 16:00, news broke that the Rough gas storage facility will be unavailable until March or April 2017. The Centrica owned storage site is Britain’s largest, and following a previously announced 42 day unplanned closure at the end of June, further testing has identified uncertainties in other wells. Typically gas shippers will look […]

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