Business Renewals

Wholesale Energy October 2017

Wholesale Prices

Most forward curves on the wholesale markets rose steadily throughout the month from an October contract starting point of £45/MWh to finish on £48/MWh.

Day ahead spot gas prices continued in strength as we move into the heating season opening the month at 46p/therm to finish at 48p/therm.  When compared with June 2017 this is an increase of 65% in wholesale day ahead prices.

Exchange rates saw a halt in the gains seen against the $ however we saw the £ strengthen against the euro to finish the month up from 1.08 to 1.13.

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