Fixed-price contracts should be placed for winter – Y report

Businesses with fixed-price contracts should secure their arrangements for winter 2015, according to Inenco’s Y report. Energy trader Kayleigh Winstanley said they should also be “cautious” about prices for summer […]

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By Jacqueline Echevarria

Businesses with fixed-price contracts should secure their arrangements for winter 2015, according to Inenco’s Y report.

Energy trader Kayleigh Winstanley said they should also be “cautious” about prices for summer 2016 as a cold winter “could push up prices”.

She added: “If you have a cautious attitude to risk, now might be a good time just to close those positions. The prices are very close to contract lows.”

 

Customers with flexible contracts and low hedges should “take a little bit more before winter 2015 expires for those flexible agreements”, Ms Winstanley said.

On the other hand, those customers with high hedges should wait and see how much the trending sterling prices go down.