Product category:
General Print Supplies, Services for Printers
News Release from: Utility Auditing | Subject: Utility and energy supply services
Edited by the Printingtalk Editorial
Team on 15 February 2007
UK Energy Prices Drop As Gas Gets
Cheaper
The move by British gas to reduce domestic bills by 17 per cent in the UK signals better times ahead for the business market too, according to energy management company Utility Auditing.
The move by British gas to reduce domestic bills by 17 per cent in the UK signals better times ahead for the business market too, according to energy management company Utility Auditing February's commercial wholesale gas prices (around 34 pence per therm) have dropped almost 100 per cent since the April 2006 peak when they reached 60 pence per therm and the downward trend looks set to continue, said Utility Auditing
This article was originally published on Printingtalk on 3 Jan 2007 at 8.00am (UK)
Related stories
Printers Do Not Know About Their Electricity Usage
The majority of printing companies are working in the dark when it comes to gathering accurate management information on their electricity consumption, according to Utility Auditing.
20% Of Energy Wasted And Environmental Damage
UK businesses are wasting around 20 per cent of energy consumption, with the average company losing GBP7,000 per year in this way and causing unnecessary environmental damage.
Jeff Wealands, technical director for Utility Auditing, said: "With the availability of new gas pipelines from the Netherlands and Norway, the re-opening of the Rough Gas Storage Field in the North Sea, plus Liquified Natural Gas (LNG) sources now starting to produce, the indications are that the UK currently has a plentiful supply of gas.
Last year's huge price increases were caused by gas storage problems and fear for security of their future.
With these fears now diminished, plus the recent spell of warm weather prices have returned to levels last seen in August 2004." Because 40 per cent of electricity is generated from gas, wholesale electricity prices have also followed suit, added the company.
Jeff Wealands explained: "Whilst prices have stabilised and cheaper forward prices are available, the energy market remains highly volatile.
Energy pricing is firmly tied to global events and weather patterns, so there are no guarantees of lower prices remaining.
For those businesses who are currently under contract but want to ensure they find a better future deal, it is possible to lock in to cheaper fixed contract rates now.".
• Utility Auditing: contact details and other news
• Email this article to a colleague
• Register for the free Printingtalk email newsletter
• Printingtalk Home Page
Search the Pro-Talk network of sites
