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Gas prices up by 20% over the last two days - 09-12-2021

Prices have had an incredible run up in the last two days, gas is up 20% in that time, while UK Power market is now very close to breaking new record breaking prices. There is so much fear in the markets over a variety of topics, driving prices higher right now. Take a read of the monthly report sent yesterday to understand more. England announced it would be moving to Plan B yesterday evening, and that does have prices moving slightly down this morning, with a work from home guidance likely to has some impact on energy demand. Although from what we learnt over last Winter’s lockdown, where domestic heating doubled, its impact could be minimal overall on demand.