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Friday Energy Update 6/10/23

Simon van Os

6/10/2023

Business Efficiency

There have been continuous decreases over the last 7 days mainly due to above seasonal temperatures muting demand and plentiful LNG with a bit of wind generation in the mix. This is along with consistently high continental storage levels which is keeping matters calm at the moment on the winter outlook. The market levelled off today on the back of potential Australian strikes returning and taking some LNG out of the global system.

If your energy contracts are due within the next 6 months we would recommend that this is your optimal point to secure new rates now (which will begin at the end of your current agreements) and avoid potential increases once colder weather returns over Autumn and Winter.

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.

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