Energy Costs: Gas and electricity prices continued to track oil markets as they fell from recent highs and bounced around at $76.50/barrel. On Friday, surprise agreement between Russia and Saudi Arabia to increase oil production, in advance of this week’s publicised OPEC meeting, caused markets to fall again. As we move into the second half of June, wind output is expected to increase and recent high Asian demand for LNG to ease creating the potential for further price falls and an opportunity to replenish dwindling European winter gas stores.
Non-energy costs: On the electricity side organisations will see further increases in pass through costs from both government and industry infrastructure providers in the coming months as Electricity Market Reform (EMR),Capacity Market and Energy Intensive Industries (EII) charges are ramped up.
A copy of our detailed market report is available: Eneco Market Information Mid June 2018
Detailed historical gas and electricity prices from 2009 to date are available here: Eneco Gas and Electricity Pricing Trends Sept 2009 to mid June 2018
A copy of our environmental charges and Climate Change Levy rates from 2012 to date: Environmental and Climate Change Levy 25-5-18
