Wholesale Energy Market Update 30/11/2018
Gas price rises slightly more than electricityThere were minor gains on all annual contracts, with gas rising more than electricity, again though only marginally. However, looking beyond the imminent weather forecasts, a colder winter seems unlikely and therefore this knocked prices down by around 3%. This pricing volatility looks to continue as the forecasts change and until we have a clear direction for the oil market. Brexit-wise, should UK stay in Europe, Sterling will strengthen and this will help bring energy prices down. The risk-takers amongst us may want to keep an eye on the market with the potential for falling prices. Just bear in mind there will be plenty of volatility.
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