Update 27th July

Markets are expecting Mr Martin Carney to deliver on his word and lower interest rates in August, however for the Energy Market, there may be no worse time than August for an announcement like this, with planned maintenance works taking place in August/September. The current situation for Gas and Electricity prices is one of complexity, with an oversupply and weak oil prices keeping offers down whilst British Pound Weakness and supply forecasts keeping offers up. In short: With the market being relatively flat, now would be a good time to switch, however, all energy decisions should air on the side of...
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...