Enery & Market Update – May
Overview As of the 14 May, Gas and Electricity Year Ahead Wholesale costs are slightly lower when compared to last month’s report. As the world continues to prevent the spread of the coronavirus there has been a significant reduction in Oil demand, with Brent currently at $29.19 a barrel. During April Brent dropped to the […]
Mini Energy & Market Update – March
Since our last Market Knowhow Report, Gas and Electricity Wholesale prices have decreased further and are comparable to the lows we saw in 2016. Oil has fallen further to $27 a barrel whereas in January it was around $70. The coronavirus has reduced global demand. Russia did not agree with OPEC’s request to cut output, […]
Energy & Market Update – March
Overview As of the 11th March, Gas and Electricity Year Ahead Wholesale costs show slight increases when compared to last month’s report, but are still very low. The coronavirus has spread further afield, reducing Oil demand forecasts. OPEC’s meeting in March agreed production cuts to stimulate the price, requiring Russia to do the same. However, […]
What Makes Up My Energy Bill
Wholesale costs make up a smaller proportion of Electricity and Gas bills. Third Party charges are on the rise. *Typical split and subject to individual requirements and location Network Charges Transmission Charges contribute towards the cost of building, maintaining and operating the high pressure Gas and high voltage Electricity transmission networks. Transmission companies charge the […]
Energy Market Update – October
As of the 9th October, Gas and Electricity Year Ahead Wholesale costs were lower when compared to last month’s report. Oil is down from $60 to $58 a barrel although we did see $69 following the drone attacks on Saudi Oil facilities, which also impacted on Gas and Electricity prices. OPEC and Russia look to […]