We continue to support all of our established and new clients requiring help and advice on their gas & electricity contracts by adopting a remote working policy.
The last 2 weeks has seen some unprecedented rises in gas prices. To put it into perspective, the wholesale price of gas was around £100 per therm at the end of August. Little more that 2 weeks later is sits at £162 per therm. The wholesale price of gas has now increased more than 400% in 1 year.
What are the reasons for this ??
The bottom line, there is currently a large demand on gas and a limited supply, which is causing concern to the UK economy. There is a knock on effect to electricity prices, but to a much lesser extent, but they have also shown significant increases in the last 2-3 weeks.