Utility Bidder Energy Insights 2022 - Flipbook - Page 11
What should I expect
to pay?
Law of supply and demand is in full swing
The unpalatable truth is that we are still in the middle of this market volatility and given how turbulent the energy
market has been in the last six months it is difficult to predict what will happen this year - but I am not optimistic.
Yes, costs may come down during the summer months, but current trends suggest this will bring little respite for
hard hit businesses.
Chris Shaw, CEO, Utility Bidder
Britain’s spiraling gas crisis
could last another two years
It is impossible to know yet
how high bills might go
“The struggling market suggests high
“The reality is that in the energy sector,
prices will continue for at least the next
the UK buys most of its energy on a
18 months. demand was partly being
global market and we’ve had to pay about
driven by a move away from coal and
£20bn more than usual this year. So, in
oil, with gas acting as a transition fuel”.
one way or another, the UK’s going to
Chris O’Shea, CE, Centrica
have to pay that money”.
Greg Jackson, CE, Octopus Energy
Source - Energy Live News
Source - BBC News
Britain faces years of high
energy
Unprecedented situation
“This is an unprecedented situation
in terms of scale, pace and duration
and has admitted it expects to see
significant upward pressure”.
The Regulator Ofgem
“A mixture of extreme weather, rising
demand, post-pandemic economic
nationalism and spiking energy prices
will have profound effects. In Britain,
post-Brexit economic barriers will also
Source - Energy Live News
push up the cost of trade”.
Guardian Editorial
Source - The Guardian
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