Low gas prices thanks to mild start to October

While we’re all enjoying some Autumn sunshine, the mild weather has ensured that short-term gas and power prices are set at historic lows for the winter season. The demand for gas and heating will be low thanks to warmer temperatures seeing the UK gas imports in abundant supply, driving the gas and power prices down. […]

Centrica increases dependence on Russian gas imports

Centrica are set to increase and extend its gas contracts with Norway and Russia, leaving the UK relying precariously on imports to meet domestic demand. Centrica will increase its contracted supply with Norway’s Statoil by 50 per cent, and with Russia’s Gazprom by 75 per cent in order to make up the shortfall left by […]