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Old 17-05-2022, 16:15   #630
nomadking
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Re: Energy companies collapse

Quote:
Originally Posted by 1andrew1 View Post
An interesting article

Worth reading full article https://news.sky.com/story/the-surre...-glut-12614797
From the full article.
Quote:
I'm afraid the answer in both cases is depressing. For while it's certainly true wholesale prices of gas and electricity for next-day delivery are indeed at rock bottom levels, the domestic energy suppliers with whom we all have our accounts say they tend instead to sign up to contracts for energy delivered months or even years ahead.
...
And when you look at the year-ahead price for gas, it is at nearly the same level as in north Europe, and is still considerably higher than before the invasion. In other words, even though the UK is drowning in gas, markets suggest we won't be in a few months' time, and that as a consequence, consumers get little or no relief from these very low prices.
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