gas prices

Firmus Energy said its decision to increase tariffs is “regrettable” and “unavoidable”

E.ON has announced it will reduce its standard household gas prices by 5.1%. It is the first Big Six energy supplier to cut prices this year. The reduction, which will come into effect on 1st February, will take £32 off an annual gas bill – equivalent to three weeks’ of usage, it claims. That takes […]

British Gas is to reduce its gas prices by 5% for householders. The move, which will come into effect on 27th August, is expected to save consumers £35 on their gas bills. Nearly seven million customers on the Big Six supplier’s ‘Standard and Fix & Fall’ tariffs are to benefit as a result of the […]

ScottishPower has become the third major energy supplier to announce a price cut. It has pledged to reduce gas prices by 4.8% from 20th February. That means customers on the standard tariff will see savings of £33 on their annual gas bills. Those already on fixed-priced tariffs can also move between tariffs, without paying any […]

British Gas customers will see their annual energy bills reduce by an average of £37, the Big Six supplier claims. The company has promised to reduce its household gas prices by 5%, which will come into effect on 27th February. It is expected to benefit around 6.8 million customers, including those on the Fix & […]

Forecasts of a colder end to the month are boosting UK power and gas prices today, according to the daily market report. Ben Spry, Optimisation Desk Manager at npower said: “We’ve had revised temperature forecasts showing it’s going to be a little bit cooler for the rest of January, going into February. Quite understandably that’s lifted […]

Gas prices for industrial users were on average a fifth (19%) lower in the third quarter of 2014 than a year ago, according to government statistics released today. DECC said UK industrial gas prices (including tax) were also amongst the lowest in the EU15, the group of mostly Western European countries. It was a different […]

UK power prices shot up a fifth yesterday after National Grid revealed there are tighter power margins over the winter, according to the daily market report. The grid operator announced yesterday there is a margin or gap of just 4.1% spare energy generation above the country’s needs. Tim Carter, Client Portfolio Manager at npower’s Optimisation Desk said: “Following […]

The fire at Didcot gas plant is likely to have pushed up prices for electricity bought for delivery in Spring next year. Though prices actually fell on Monday, the day after flames engulfed cooling towers at the plant, analysts believe it has edged up prices for the first three months of 2015 (known as Q1). In […]

The week may have opened wet and rainy – but predicted “warmer and windier” weather pushed down gas prices for the near future this morning. Sarah Astley, Client Portfolio Manager at npower’s Optimisation Desk said: “We’ve seen the day-ahead gas contract open a penny a therm lower than Friday’s close.” She said this “weakness” is […]