Scottish vote ‘big driver of UK energy prices’

The “uncertainty” caused by the Scottish vote weighed heavily on the minds of power and gas traders, suggests the weekly Y Report from Inenco. Risk Manager Matthew Osborne said: “This […]

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By Vicky Ellis
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The “uncertainty” caused by the Scottish vote weighed heavily on the minds of power and gas traders, suggests the weekly Y Report from Inenco.

Risk Manager Matthew Osborne said: “This week the markets have been largely driven by the fallout from the Scottish Referendum and concerns of slightly tighter supply margins.”

He added: “That could change over the next couple of days. We’re due to see some liquefied natural gas cargoes making their way to the UK and potentially some increased wind generation come into the market.”

Over the next week it’s worth looking out for “improved” energy supply as this could affect whether you buy energy now, depending on your energy contract, he explained in the report.