We offer a full tendering service for all sizes of gas supply and can even work with larger clients to buy directly from the European wholesale markets to achieve the best rates available.
Business gas prices facts
The UK business gas prices are decided in a traded market where the price is set by what is called the marginal gas transaction. When the first pipeline between the UK and continental Europe was opened in 1998 a link was established between the UK business gas prices and the oil indexed prices in continental Europe. The introduction of Liquefied Natural Gas (LNG) to the UK adds a more global component to UK Business gas prices. In the future the UK will be competing with US and Asian markets for LNG cargoes that can, to some extent switch between destinations across the globe. The UK natural gas market therefore faces a original change both in supplies, a move from domestic gas production to global imports, and in prices, with an increasing link to global gas and oil prices.
Whilst the base gas price level has increased materially recently, the rise in
gas prices has been in line with changes in oil prices so the similarity of gas relative to oil prices is
within an historically observed range. The growing reliance on imports means the outlook is for a major
increase in gas prices although it is expected to remain below parity with crude oil
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