Energy and Utility Management Consultants

Prices Continue to Fall

May 2012

 

The wholesale prices of Natural Gas, electricity and Brent crude oil have all seen downward movement over the Bank Holiday weekend, with Brent crude seeing the biggest fall of over 5% since the close of business Friday 4th May.  No clear annual trend exists in the wholesale markets, but the forecast warmer weather and anticipated high storage levels (both of LNG and of traditional natural gas) should see some certainty return.

 

With the weather being presently considered as the main driver behind prices, the markets have coped very well despite the unpredictable forecasts and exports to Europe during the whole month of April – hopefully the steady trend will continue beyond the spring.

 

 

 

 

< Back to news