Energy prices have just hit the headlines again, this time with the grim news that soaring costs have pushed inflation to a 40-year high. Many UK businesses have been struggling since the autumn because of the drastic change in the energy-buying landscape.
Energy market prices are at a record high, presenting a major risk to corporate bottom lines. Alex Biggerstaff, Risk Manager at BiU explains what’s going on and offers some tips for trading in this volatile market. What’s causing energy prices to rise? Around 50% of our electricity comes from gas-fired power stations, so the gas shortage is hitting the market hard. The reasons behind the supply issues are complex: wind… Read More »What’s going on with energy prices? And how can businesses protect themselves?
In the world of global trading, last week made history: for the first time ever, US oil prices dropped below zero and went into negative figures. Oil producers were literally paying buyers to take the oil off their hands. We all know that the COVID-19 virus has had a devastating impact on the world economy, but how exactly did we get to this point?
Consumers in the UK are most worried about gas and electricity prices.
According to a new survey from Which? nearly two-thirds (64%) of people said they were concerned about energy prices, a rise of 8% since September.