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.
Key points from the energy market 1st December 2016:
Price movement on power and gas markets was subdued yesterday given the decision by OPEC to cut oil production as the cartel met in Vienna in a bid to boost prices for the oil dependent states.