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Day ahead gas prices continue to spike

Day ahead gas prices continued to surge on Friday amid forecasts of unseasonably cold weather and a surging oil market. The biggest moves were once again posted at the...

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Industry and consumer groups respond to Ofgem proposal to increase bills to pay for supplier debt

Following up a report yesterday on Ofgem confirming that energy debt has skyrocketed to £2.6bn, industry and consumer groups have voiced concerns over the broad...

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Price spike softens today but market still remains high

Day ahead gas prices gradually softened during Wednesday’s trading, however premiums remained when compared to the previous sessions. Despite ongoing issues in...

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Amount owed to energy suppliers hits record highs

As reported by BBC News today, the gas and electricity regulator Ofgem said it was considering a one off charge on energy bills to help protect energy suppliers from...

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Wholesale energy prices continue to surge with conflict in Israel a primary area of concern

Day ahead gas prices have surged by a further 17% today amid the ongoing conflict in Israel and a Baltic pipeline leak. The steep gains were attributed to multiple...

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Wind overtakes natural gas as UK’s largest source of energy

As reported by Drax Insights, for the first 3 months of 2023, power generated from wind turbines took over from gas as Britain’s main source of electricity –...

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Worlds largest offshore wind farm generates electricity for the first time

The Dogger Bank Wind Farm has generated electricity for the first time, with the installation of the first turbine now contributing to the grid. Located 80 miles off...

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Gas prices skyrocket following development of strike action at LNG depot in Australia

With day ahead wholesale gas prices jumping 32% in the last 2 days of trading, it proves that it doesn’t take much to force the market into panic amid further...

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Energy suppliers in the UK holding £8.1 billion of customers’ money

Figures just published by the regulator Ofgem confirm that electricity and gas suppliers have accrued a total of £8.1 billion customer bill overpayments at the start of...

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UK renewable market sector set to double in size by 2035

The Association for Renewable Energy and Clean Technology (REA) has confirmed in its latest annual report, REview23, that the renewable energy and clean technology...

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