Home News Energy Prices Gas & Electricity Prices Continue to Rise
Gas & Electricity Prices Continue to Rise
Wednesday, 07 July 2010 09:51
Unfortunately, we're continuing to see a rise in wholesale prices of both electricity and gas and they are now at the highest point since February 2009 when the market returned to 'normal' levels after the freak year that was 2008.

We have been seeing a recent steady upward climb with peaks and troughs leading to a market reminisce of the 2007 markets, but we're still in an excellent place to be securing long-term contracts. It is widely assumed that the lowest point is behind us for a while, but with the forecast increase in Liquefied Natural Gas (LNG) deliveries, the balmy summer and gradual recovery of the economy a repeat of the spike up to the wholesale prices of 9.0p/kWh in July 2008, as opposed to the current 4.8p/kWh, is unlikely, but unfortunately we can never say never.

In order to avoid any unexpected increases in the market and secure your energy contracts - get in touch now to take advantage of our energy procurement experts, and why not find out more about our full Utility Bureau Service which includes Bill Validation, Utility Consultancy and Tenant Billing amongst other benefits, and all at a fixed, agreed price.