Friday Energy Update 9/2/24

A slump in demand (11 consecutive days below seasonal norms) and supply increases into the uk following the recent storms helped to push the market down a little over this week, recovering from the mild volatility in the previous week. Increased wind output and a slump in carbon futures have also contributed to the decreases.

There are still lingering supply fears however as market participants are closely monitoring the political dispute surrounding the approval of new LNG projects in America.

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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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