A nation that can't control its energy sources can't control its future. Barack Obama

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

    The early part of last week saw gas and electricity prices being pushed up by increases in the cost of both crude oil and coal. As the week went on, these rises were slowed by gas injections into the UK supply network and the availability of wind generation. More
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    Chris

    Prices were pushed higher due to a weak contribution from renewables and a required increase in gas-fired generation. The falling oil price, however, managed to keep the price rise moderate in the short term and stable long-term. 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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