Unseasonably low temperatures in Europe have caused a notable decrease in both power and gas prices as markets anticipate rising demand. Reduced wind speeds, falling below average, are expected to persist. Despite expectations of increased withdrawals, reserves remain robust at 86.07%, ensuring a steady supply. The arrival of 14 LNG cargoes by...
Australian labor unions have issued notice of their intention to recommence strikes at LNG facilities, leading to the shutdown of an Israeli gas field. This move has the potential to disrupt supplies and has caused a 17% increase in European gas prices. Additionally, a significant offshore gas field in Israel has been halted, resulting in a surge...
Running a small business involves juggling many responsibilities, and one of the most crucial aspects is managing your energy needs. Choosing the right electricity supplier can significantly impact your operational costs and overall business performance. This article will guide you through the top 10 business energy suppliers to help you make an...
Swedish energy giant Vattenfall has announced the cessation of its offshore wind energy initiative in the United Kingdom, as the ambitious project witnessed a 40% surge in expenses, dealing a significant blow to the company's profits.
Gas prices in the UK have surged by over 28% amid concerns over Australian supply. The increase in price is a result of the potential disruptions in liquefied natural gas (LNG strike action) supply from Australia. Australia produced around 5% of the world's LNG supply.
The energy market has remained relatively stable this year, with prices trading at an 84% decrease from when they peaked in August 2022 and healthy European Storage levels sitting at almost 20% above the capacity they were at last year.
There are a few reasons to fix energy prices until 2024, from financial forecasting and securing cheaper energy rates. Some suppliers offer cheap one-year fixed tariffs. If you are on a variable tariff and find a business energy supplier offering a better price on a fixed business energy tariff, we recommend fixing it until 2024/2025.
Out of contract rates are more expensive because you haven't laid out how long you plan to purchase energy from your supplier. Suppliers buy their supply from wholesalers in advance and use the terms of businesses' contracts to draw up how much they'll need to buy. If suppliers see that half of their customers are on these rates, they will...
The cheapest time to charge an electric car is usually overnight when electricity rates are lower. Some energy providers now offer EV-focused tariffs that can cut costs even further. These are usually dual-rate, where electricity is cheapest overnight when your EV is charging, or single-rate – i.e., the same rate is paid throughout the day, but...
