Big Six customers ‘paying £400 more for energy’

Big Six energy customers are missing out on savings of up to £400 per year. That’s because the recent prices cuts announced by them are smaller compared to the savings customers could make if they switch to a different supplier, a study by Which? has revealed. Customers on standard tariffs with the Big Six providers would […]

Wadebridge to slash power prices when sun shines

Householders in Wadebridge, Cornwall are being offered cheaper electricity when the sun is out. Under the pilot scheme, consumers can sign up for a lower rate of 5p per unit during the day from 10am to 4pm between April and September. While the cheaper ‘Sunshine Tariff’ will be applied when the sun is powering solar […]

European power and gas prices fell last month

European power and gas prices tumbled last month. The 13.29% reduction in power prices was due to “exceptional” wind power output combined with mild temperatures and falling demand, according to data released by Platts. Prices dropped to €33.08/MWh (£25.2/MWh) in December compared to November. On a year-over-year basis, it was down 14.5% last month. Mild […]

Power prices still falling – Y report

Power prices are continuing to fall, according to Inenco’s Y report. Dorian Lucas, Energy Analyst said: “Those customers looking to place fixed price contracts, those who can wait a little bit might benefit from doing so, however if you’re looking at the market now and seeing a year-in-year benefit might be beneficial for you to […]

European power prices up in September

European power prices rose in September even though nuclear generation was reduced in France. According to data released by Platts, continental power prices increased 9.38% to €36.15 (£27.01) per megawatt hour (MWh). However, on a year-over-year basis, it was down 2.45% from the September 2014 level of €37.07/MWh (£27.4), it added. The power price in the […]

Election results increase pound value – DMR

The unexpected poll results have made the value of the pound go up, according to npower’s daily market report. The pound was trading at €1.33 yesterday and is now worth €1.38. Client Portfolio Manager Alex Guiot said: “It could help the prices to ease down.”   Overall, the gas system is short by 18mcm. Production from […]

“Topsy-turvy” market affects today’s prices – DMR

  The unpredictable market yesterday has resulted in a boost in power season prices, according to the daily market report. Tim Carter, Client Portfolio Manager on npower’s Optimisation desk said: “French interconnectors are now importing at near capacity as French margins improve and as such power prices are gaining in line with gas.” The March […]

It’s too hot for gas today

  Gas is over supplied today as warmer seasonal temperatures help to suppress demand, according to npower experts. Tim Carter Client Portfolio Manager on npower’s optimisation desk said in today’s Daily Market Report: “Temperatures are helping to depress demand by around 10 million cubic metres from seasonal normal levels. “Feb 15 is now trading 0.85 […]

Miliband wants Ofgem powers to force bills down

Labour leader Ed Miliband said he wants Ofgem to get new powers forcing suppliers to lower energy bills when wholesale prices fall. In an interview with the BBC Andrew Marr show on Sunday, the Labour leader said he wanted to “fast-track” laws to give the regulator stronger powers. He said: “We’re going to bring before […]

An educated ‘gas’ on power prices

Will oil prices continue plunging ever downwards? And what can we expect gas and power prices to do? We’ve asked four top energy experts to scratch their heads and come up with an educated gas – sorry, guess – for the year to come. For those of you with a short attention span (this is […]