Friday Energy Update 03/11/23

The wholesale market has seen decreases over the last 7 days. Minimal gains on the front end from mainly a strengthening oil market and fears of escalated conflict in the middle east. With larger decrease movements likely mirroring falling oil and carbon prices, plentiful LNG (11 vessels on route to Britain over the next two weeks) on the back end.

Wednesday saw the largest decrease of the week attributed to low demand for this time of year (suspect public using heating less due to the cost increases) as well as increased wind generation, with a levelling off yesterday.

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We are currently saving our clients, up to 60% on their utility bills. Please feel free to contact our Business Efficiency Team, on 01273 424904. So, we can provide you with recommendations around reducing your energy costs.

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