Posted on in Energy price updates
Firstly a quick update on wholesale energy markets.
Although both oil prices and UK wholesale energy markets have both collapsed since the 2008 highs, there has been a growing divergence between the performance of oil prices and wholesale gas and electricity prices over the past few months. Whereas the oil price has jumped by 40% since the beginning of 2009 (35% when priced in sterling), the wholesale gas price is 18% lower than the start of 2009 and even 10% below its opening price for 2008. Similarly, wholesale electricity prices are 20% below their 2008 and 2009 opening levels. Continue reading