Last week in the energy market – 26 February 2016
Energy prices in the UKCloser to home, gas prices tracked oil movement in spite of the colder temperatures which will continue into March. Several LNG tankers arriving at South Hook will help soothe concerns about supply. The supply was also affected by lower winds that reduced generation levels forcing gas power stations to take up the slack. Near contracts ended the week little changed but with further out contracts easing slightly. Volatility and global economic uncertainty has created some attractive prices for buyers. Some market commentators have begun calling the 'bottom of the market,' because oil prices have remained fairly flat and US production will soon fall. This is by no means certain, but significant wholesale price decreases have rarely been seen since mid-January. If you would like any advice on your energy buying strategy please contact a member of the Utility Helpline team. Call: 0800 043 0423.
Published by Utility Helpline on (modified )
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