Throughout August, prices have been supported by resurging demand as businesses return to higher levels of operation and higher commodity prices; driven by a seven-month high in LNG prices and a near five-month high oil price.
Seasonal gas prices, however, are expected to remain constant next month as the gas markets remain well supplied, with gas storage levels looking healthy as we enter Autumn.
Seasonal power contracts to Summer 2021 followed gas prices upwards but in contrast energy from this point declined because of more renewable’s generation capacity commissions.
Also, as the deadlines approach for both ESOS and SECR compliance, our team is here and ready to help your business navigate yet another Government hurdle!
For help and advice or to find out how Fox Energy can assist your business, get in touch by calling 01233 884510 or email [email protected].