Every three months we publish a price watch about wholesale energy prices and the impact on UK households.
Our latest report looks like this:
- Overall, they’re still high compared to last year
- Today’s price for winter 2019 is around 14% higher than last year
While UK gas prices have dropped due to a strong supply in recent months, in the coming months we expect prices to fluctuate — the weather is expected to stay relatively warm, but any sudden cold spells (like last year’s Beast from the East) could cause significant increases in demand and unexpected spikes in prices.
January also saw the publication of Brexit: Energy Security, by the House of Lords’ EU Energy and Environment sub-committee. It says that “British energy consumers could be more vulnerable to energy shortages, power outages and price hikes as a result of Brexit”.
As we depend to some degree on European imports to meet power and gas demands, depending on the time of year, it’s expected that wholesale prices will remain higher than usual for some time.
We’re keeping our prices as they are, for the time being. We’ll keep you posted if there’s any plan to change prices — our Members are always notified of any price change.
You can read our blog post in full here.
And you might also like this Q&A with Pure Planet co-founder Chris Alliott who's been answering community members' questions about how we buy your energy.
28-02-19, 12:01MarcQuarterly wholesale energy watch February 2019 - we're keeping our prices as they are
Thanks for keeping us in the picture and up to date @Marc
01-03-19, 10:27Strutt G
Yes sorry me too..refreshing!
Thanks for the update Marc.
Good news for us. Hope we have some warmer weather now. I’m ready for it.
Although they did mention snow on the weather forecast last night. And we’ve had a bit of hail recently.