COVID-19 impacts: gas and power prices over the summer

COVID-19 impacts: gas and power prices over the summer months: As Great Britain (GB) is starting to move through the peak of the COVID-19 pandemic, there have been some indications that the energy market could be passing its trough.   Tim Dixon, Wholesale Team Lead at Cornwall Insight, looks into how GB gas & power…
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Oil prices crash causes GB gas and power prices to go into freefall

Oil prices crash causes GB gas and power prices to go into freefall: Following the impacts of Covid-19 on global demand and oil price disputes between Russia and Saudi Arabia, Brent crude oil prices fell to a 17-year low of below $26/bl. on 18 March 2020. The recent crash saw prices record the most significant…
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Standard variable tariffs and fixed – gap expected to rise

The latest analysis from Cornwall Insight shows, that when the price cap rises to £1,254/year on the 1 April, the difference between the price cap and the cheapest standard variable tariffs will increase significantly. In addition, as all the larger suppliers have announced standard variable tariffs (SVT) rises in line with the increased cap from…
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