Skip to main content

Main Energy Report August 23

  • Gas and Electricity Wholesale prices are higher than last week.
  •  EU Gas Storage levels are a very positive 89% full.
  • Uncertainty as to price direction as we head towards the winter.

Since our last Energy Report, Gas and Electricity Year Ahead Wholesale prices are higher.

News that workers in Australia’s LNG industry may strike, caused a price spike last week, although there has been some price correction. Unless a resolution can be found, a vote will likely see industrial action, which would mean that many deliveries to Asia are impacted, putting pressure on other sources. LNG shipments continue to arrive in the UK and mainland Europe, helping to increase EU Gas Storage levels to 89% full and are likely to reach the 90% target two months early.

Despite the growing diversity of supplies........

Read the full report

Out of Hours Emergency. Call us on 0333 240 8325 where our helpline operators will assist you

Aberdeen

27 Chapel Street
Aberdeen
AB10 1SQ

aberdeen@jamesgibb.co.uk

Directions

 

Dundee

Unit J, Prospect Business Centre
Gemini Crescent
Dundee DD2 1TY

dundee@jamesgibb.co.uk

Directions

Edinburgh

4 Atholl Place
Edinburgh
EH3 8HT

edinburgh@jamesgibb.co.uk

Directions

Glasgow

65 Greendyke Street
Glasgow 
G1 5PX

glasgow@jamesgibb.co.uk

Directions

 

Cookies

Find out more about how we use cookies to help deliver the best experience for you.