Friday Energy Update 29/9/23

Fairly steady over the last 7 days. Increases earlier on in the period, mainly on the news of the Russian Temporary Ban on gas and oil export, negated by decreases on the news that the UK’s weather will be above average in temperature over the next two weeks muting demand and a busier LNG schedule.

There is news that the Rosebank field off the Scottish coast is set to be developed by Norway’s Equinor. The licence has been granted as part of a push by the UK Government to replace volumes that once flowed via the Nord Stream pipeline and the field could become operational as soon as 2026.

‍

Get in touch

We are currently saving our clients, up to 60% on their utility bills. Please feel free to contact our Business Efficiency Team, on 01273 424904. So, we can provide you with recommendations around reducing your energy costs.

‍_{Information provided on energy prices is subject to constant change and is influenced by numerous factors, such as supply and demand, market conditions, geopolitical events, and weather patterns. As such, any information or analysis provided on energy prices is intended for general informational purposes only and should not be relied upon as a sole source of information or as a substitute for professional advice.}

‍_{While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the information provided. Any reliance on such information is at your own risk, and we shall not be held responsible for any loss or damage resulting from the use of such information.}

‍_{Additionally, please be aware that energy prices can fluctuate rapidly and can be affected by unforeseen events. Therefore, any information provided on energy prices may be subject to change without notice.}