Calls for energy price cuts as wholesale costs fall

The UK has seen wholesale gas and power prices average at 10-year lows. That’s according to energy market pricing analysts ICIS, which revealed the cost of gas is at its lowest in a decade while electricity prices are at a nine-year low. Its Power Index closed at £34.31/MWh on 31st March, down 25% from the […]

UK energy prices lowest since 2010

UK energy prices are at their lowest level since 2010 ahead of the winter. The ICIS Power Index for the third quarter of the year stated energy prices have declined 19% in the last three months at £42.86/MWh. This is the lowest quarterly average price compared to five years ago. On the gas system, prices for delivery […]

Wholesale gas and power prices lowest in five years

Wholesale UK gas and electricity market prices are at their lowest quarterly average in five years. That’s according to an energy trends analysis ‘Power Index Q2 2015’ by price reporting agency ICIS. The findings state the falling oil price and strong liquefied natural gas supply (LNG) earlier this year have pushed the UK quarterly average […]

November gas prices hit four year low

Prices on the UK’s wholesale gas market dropped to their lowest for November. On Friday, gas for November 2014 traded at 51.60 pence per therm (p/th), according to analysts at ICIS. That’s ten pence per therm cheaper than the 61.625p/th price in November 2011. The prices are even lower than last November’s, when they expired at 66.900p/th. There’s […]

EU carbon price dips after five month high

The price of allowances for carbon emissions in the EU dipped yesterday after hitting a five month high on Tuesday. Large energy users in Europe including airlines which touch down in the EU must buy credits if they emit more carbon than their set limit. Carbon permits reached €6.50 on Tuesday, leading analysts at price […]

Has THE definitive power price listing arrived?

Is the end finally nigh for politicians getting confused by whether power prices rising or falling? Publishers of a new list of average wholesale prices in the UK certainly think so. Members of the public and energy users alike can check on prices in the index going back to 2011. All the information has been […]

Whistleblower flags up alleged gas market fixing

The watchdog Ofgem and the Financial Services Authority (FSA) are investigating allegations that energy companies regularly manipulate the gas market after a whistleblower informed them of “unusual” gas deals. The allegations have prompted Energy Secretary Edward Davey to say today he is “extremely concerned” and he will make a statement about this in the Commons […]