Good time to place fixed price contracts – Y report

It is a good time to place fixed price contracts now, according to Inenco’s Y report. That’s because gas prices are falling close to early October lows. Energy trader Dorian […]

Register now!

By Jacqueline Echevarria

It is a good time to place fixed price contracts now, according to Inenco’s Y report.

That’s because gas prices are falling close to early October lows.

Energy trader Dorian Lucas said: “When you go to place those contracts look to do it over two to three-year periods because the seasonal prices going forward represent great value compared to those close to delivery.”

Customers looking to place flexible contracts with high exposure should take “a little bit more” of power, according to Mr Lucas.

He added: “Winter season can be quite risky and we’ve already seen temperatures well below seasonal normal levels.”

Businesses on flexible contracts with high hedges should “sit on their hands” and see how the markets move forward.