Latest Energy News

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.

Winter prices are still peaking as this is where the most demand comes in the UK before dipping into Summer-24 and rising again in Winter-24. These are the trends that are atypical for commodity markets, which are driven by supply and demand.

There is some confidence in lower future markets from 2025, where customers can secure a competitive rate and secure against any volatility within the next 12-18 months.