Winter Gas prices set to soar

Winter Gas prices set to soar

This has seen Gas Prices for upcoming Winter Month offers soaring significantly, with gains of 4.26 p/therm (9%) increases. This was an unexpected announcement however not surprising given the age of the field. This will put significant pressure of the UK System, but also coupled with a potential interest rate cut in August along with planned maintenance in Norway, UK Energy Prices might take on a life of their own in the next weeks and months. In short: Gas & Electricity prices are expected to continue to rise over the next month, and potentially further increases if interest rates are cut by The Bank of England in...

Breaking News 21/07/16

On Friday Afternoon, Centrica Storage Limited announced that the Rough Storage Field, will be out of order until March/April 2017. This storage facility accounts for 70% of Total UK storage capacity, due to being out of order there will be no injections or withdrawals of gas from the...