Gas prices are expected to continue falling, according to Inenco’s Y report.
That’s because gas flows as well as Norwegian imports and LNG into the UK are higher.
Stuart Lea, Head of Energy Trading said: “This is seeing prices continuing to fall and hitting fresh contract lows.”
Electricity prices are low as well because they are driven by gas prices.
According to Mr Lea, customers on both fixed and flexible price contracts should not buy at the moment but track the market in case they can gain more advantage.
He added: “However if you do need budget certainty or if you’re on a flex contract and you’re 0% hedged then it may not be a bad time to buy, prices are still at contract lows and still offer very good value.”