Friday Energy Update 21/4/23

The market is still in a fairly plateaued state with mild fluctuations. It has increased by around 8% since the end of March, however this has mainly been weather driven (below average temperatures).

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There is a planned major union strike on the 24^th to 26^th April by Unite at key offshore UKCS infrastructure assets which has also affected the market on announcement, although increases have been capped by strong wind power generation. This strike action will likely disrupt the market, albeit temporarily, although it is unknown at this stage whether further strikes may occur.

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Get in touch

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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_{While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the information provided. Any reliance on such information is at your own risk, and we shall not be held responsible for any loss or damage resulting from the use of such information.}

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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.}