Transportation Costs are set to change in April and initial estimates of the figures suggest steep rises ahead.
The fixed costs that consumers have to pay over and above the actual price of energy include tax, environmental levies, metering, transportation and distribution charges.
Gas transportation companies increase their costs to gas suppliers...
UK gas and electricity prices have fallen back after a mid month rally influenced by cold weather and concerns over possible disruption to LNG supplies. However, looking ahead there are a number of factors that could see prices start to rise again.
A vote is expected in the European Parliament at the end of February on plans to tighten EUA supply and a yes vote could see 1.4 billion in CO2 allowances taken out of the market pushing up EUA prices.
Middle East tensions could flare if the UN imposes sanctions on oil sales from Iran and the Iranians have threatened to...
Renewable Energy Sparks Change to Transmission Charges
Business energy users are being invited to contribute to a consultation on proposals by Ofgem to change the way transmission charges are calculated, a move that could affect the cost of future energy bills.
Transmission charges make up approximately 4% of energy bills and are one of a number of elements of an electricity bill that affect the overall price paid by the consumer....
The determination of big energy companies to make significant investments in shale gas exploration seems to be showing no signs of abating despite environmental concerns across the globe.
Bloomberg’s Julie Hyman reported from the US that overseas deals involving shale exploration added up to $51bn last year.
She said the hunt for new shale gas opportunities seemed unaffected by the fact that natural gas prices...
Energy prices have begun the year on a bearish note thanks to a combination of mild weather across Europe and favourable supply predictions for the months ahead.
Last year was the second warmest on record and this factor, coupled with the ongoing lack of global economic growth, means the start of 2012 sees gas and electricity prices at their lowest for many months.
French analysts expect demand for gas in Europe to be below pre-recession levels until around 2017 and this may lead to price reductions. However, bad weather has forced the planned opening of Norway’s Skarv gas...
