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wholesale energy prices
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Commercial and market outlook
Price cap set for 46% rise for Summer 2022, Winter 2022-23 cap may exceed £2,000
Due to market volatility, world events and Ofgem's new methodology, our price cap prediction has changed. Please see the latest predictions via our blogs page here Updated price cap figures here Following further highs in wholesale prices and the costs associated with the raft of supplier failures seen in the...
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Commercial and market outlook
Cliff-hanger: supplier new entry in volatile markets
The extraordinary developments that have occurred in the energy sector in recent months have led to a tumultuous time for all participants. We have taken a look back through our archives to where we highlighted our concerns a number of years ago that this outcome was, unfortunately, a real possibility. This...
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Regulation and policy
Keeping an eye on compliance
In response to the rising wholesale energy prices, Ofgem published a letter on 29 October setting out the steps that it is taking to protect the short- and long-term interests of consumers. In addition to its intention to consult this month on the current price cap methodology, Ofgem set out...
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Business supply and services
Power prices for SME’s reach record highs
According to our latest Pricing in the SME power market report, Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212. On average, prices have increased by 24.8% year-on-year at the PC3-6MWh and PC3-15MWh consumption points and...
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Home supply and services
BBC Radio Norfolk interview: The drop in oil price and the potential effects on customers bills
Craig Lowrey, one of our Senior Consultants, was live on BBC Radio Norfolk’s airwaves discussing the recent drop in oil prices, following a dispute by Russia and Saudi Arabia over reducing oil production. Craig told listeners that last Friday in response to the Coronavirus hitting global demand for oil, there...
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Low carbon generation
Wholesale gas and electricity prices surge amid perfect storm of adverse news
Wholesale energy prices in the GB market and across Europe rose sharply on Tuesday amid a series of adverse developments affecting production and flows across the Continent. In France, news emerged of problems with components to a key supplier of equipment to EDF’s reactors, raising concerns over shutdowns to address...
