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Steady Drop in Wholesale Prices as Electricity Continues to Plummet |
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Wednesday, 18 January 2012 09:33 |
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The wholesale price of electricity has continued to fall following a trend started in August 2011, and we are now seeing the lowest wholesale price since October 2010. Meanwhile, natural gas and Brent crude oil prices have maintained their recent behaviour of an overall falling trend consisting of erratic lifts and downward spikes, largely driven by uncertainty in the Eurozone and political unrest in several key oil-producing countries. The current cold outside weather has seen an increase in the demand of energy as people seek to keep warm, but the overall picture is very positive with supply being more than able to meet demand and the cold conditions, although expected to continue beyond the end of the week for the most of the UK, are not as severe as recent years.
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