wholesale energy market

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Gas & electicity for the next 8 months bought by council

Gas & electicity for the next 8 months bought by council Slough Borough Council in the South East of England will buy 100% of its estimated energy consumtion until March 2023 in advance. Previously this year, the local authority could see its energy bills soar by an additional £3m as a result of the rising…
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Government may cut links between electricity and gas prices

Government may cut links between electricity and gas prices The UK government is reportedly analysing whether it could cut the link between electricity and gas prices in a bid to help households tackle high rising energy bills. Currently, the UK’s energy system implements the wholesale cost of gas to determine the costs of electricity. Lots…
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Price Cap predictions soar with EU sanctions on Russia

Price Cap predictions soar with EU sanctions on Russia: Cornwall Insight’s forecast for the October (Q4 2022) Default Tariff Cap has gone up to £2,879 for an average consumer, as Russian oil sanctions cause renewed uncertainty throughout the energy market. The predictions for the January (Q1 2023) Cap are even more pricey rising to more…
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Cornwall Insight comments on the Summer Price Cap

Cornwall Insight comments on the Summer Price Cap: Commenting on today’s announcement that the Summer Price Cap has been set at £1,971 for a typical user, Dr Craig Lowrey, Senior Consultant at Cornwall Insight said: “With the wholesale gas and electricity market remaining incredibly volatile, it was unfortunately inevitable that the Default Tariff Cap would…
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The ‘keep warm’ campaign by OVO Energy sparked criticism

The ‘keep warm’ campaign by OVO Energy has sparked criticism: A list of ways for customers to save money on their heating bills sparked widespread public outrage. An email sent to an unspecified number of SSE Energy Services customers, which was purchased by OVO Energy, listed “ten simple and cost effective ways to keep warm this…
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