Organisations up and down the country have had to close temporarily. We have been in contact with energy companies and have put together the following advice.
A mild November and December meant healthy storage levels were maintained, keeping price rises at bay.
The potential increase in gas prices following a rise in Middle East tensions didn’t materialise. Instead, gas prices have moved a little in the opposite direction.
More than 3 years of volatile electricity markets has seen 14 of the smaller energy suppliers go under. Hot on the heals of Solarplicity last month, Eversmart Energy are the latest energy company to cease trading.
Several factors are applying pressure to lower prices, which are being offset by other factors pushing prices up. These should balance each other out for the next few months.
Warmer temperatures and new LNG imports to keep gas prices stable.
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- Reduce energy bill payments if you have temporarily closed – contact details for suppliersApril 1, 2020 - 9:05 am
- COVID-19 energy advice if you have to close your premisesMarch 21, 2020 - 8:48 am
- 2020 Q1 energy price update: Gas storage levels remain healthyJanuary 18, 2020 - 9:14 am
- Energy price update Q4: Wholesale gas prices fall a littleOctober 30, 2019 - 6:25 am
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