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Energy market update 15/8/16

UK prices – The table and graph below shows the forward annual gas and electricity pricing. Oil prices initially continued to drift down, offsetting the falling pound and further negative economic sentiment. However, oil prices jumped on Thursday on news of another OPEC conference to address global supply and a forecast from the IEA of…

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Energy market update 8/7/16

UK prices – The table and graph below shows the forward annual gas and electricity pricing. After a quiet Monday, trading concentrated on fundamentals as traders realised that Brexit had little impact on current global supply and demand although currency fluctuations did influence prices. Fears of a Norwegian oil worker’s strike and asset issues gave…

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Energy regulator highlights price fixing in the wholesale energy market

The Office of Gas and Electrical Markets (Ofgem) has highlighted possible “market abuse” in the wholesale market for energy. An open letter, published on the regulator’s website raised a number of concerns about the behaviour of traders in the industry. Generally, the letter dealt with market manipulation by wholesale traders and other market participants. It…

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The future of British fracking

June could prove a decisive month for the future of fracking in Britain. Earlier this week, Lancashire County Council’s most senior planning officer recommended that one of the two proposed frack-sites in Lancashire should be given the green light for test-fracking activities. The final decision will be taken councillors next week and if approved, it…

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Analysts predict energy price shocks in winter 2015

Spring has most definitely sprung and business leaders have put thoughts of winter (and excessive heating bills) well and truly behind them. But industry analysts are already warning of possible gas price spikes which could plague homes and businesses this coming cold season. Winter is coming Yes winter might have only just subsided, but energy…

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Don’t get caught in the contract rollover trap

As many small businesses have discovered, falling into the energy contract rollover trap can be extremely expensive. And cowboy suppliers love to snare unsuspecting businesses. To help you make sense of your contract’s fine print, we have attempted to explain what a contract rollover is in its simplest terms, and laid out some strategies for…

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Don’t just stand by, save money too – Poster download

We have designed a fourth energy awareness poster for your premises. Download it, stick it up and help your employees to become aware of the benefits of energy efficiency in the workplace. To Download A Full Size Version Of This Poster Please click here

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Ofgem Business Energy Review

For years now we have lived through an era of rising energy bills, both domestically and commercially, at a time when the economy itself has been fragile.  Although companies like Utility Helpline have been working hard to keep prices as low as possible, there seemed little incentive for anyone else to take action.  Meanwhile, the…

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busines gas price rises

Gas prices to keep rising after sanctions

Governments in the West are currently imposing sanctions on Russian individuals and businesses operating in EU countries, including the UK.  Most recently have been the Phase Three sanctions, currently imposed by the European Union.  These sanctions are aimed at specific sectors of the Russian economy, for instance banning future sales of military hardware (although that…

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How are our gas prices affected by Crimea?

It’s fair to say that many readers of this blog will have had more than half an eye on the situation over in Ukraine and, political concerns to one side, will be wondering how it will affect our gas supply and therefore market prices. Although there are moves afoot to stabilize the situation, East and…

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