Friday Energy Update 28/4/23

The market is still in a plateaued, fairly settled state with mainly light decreases over the last 7days in wholesale power.

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Although, there has been a small increase today, negating the light decreases (around 0.5 pence swing in kwh terms so not a lot) following an assessment by the German Government citing that the country might need to rely on below-average demand this winter in order for supply to keep up. This shows that Europe may still face supply issues this winter despite having above average gas storage levels. Increases were likely limited by significant oil and carbon price reductions.

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It will be interesting to see movements next week with warmer weather coming through.

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Get in touch

We are currently saving our clients, on average, over 60% on their uyility 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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_{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.}