Friday Energy Update 09/06/23

Bit up and down over the last seven days. Three days of Mild fluctuations upwards due to unexpected outages however the bullish sentiment was also due to Saudi Arabia’s proposal of cutting oil production by One million barrels per day to boost oil prices after a series of losses on the market.

However, today the market decreased cancelling out the previous days increases on the back of stronger wind generation. Although this isn’t reliable so if there are further discussions and implementations of oil cuts this is likely to push the market up in the absence of wind generation offsetting the increases for example.

Get in touch

For those with contract ends dates within the next 12 months now could be the time to secure rates whilst the market is in this position and to avoid any Autumn/Winter volatility.

We are currently saving our clients, on average, over 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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‍_{Additionally, please be aware that energy prices can fluctuate rapidly and can be affected by unforeseen events. Therefore, any information provided on energy prices may be subject to change without notice.}

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