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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. Read More...
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Electricity prices track gas downwards
27-11-2018
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Falling temperatures cause price to rise
20-11-2018
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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. Read More...
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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. Read More...