If you are already worried about your energy bills, then look at this and weep. Forward prices for gas this coming winter are currently 30-40% higher than they were this time last year. Why? Many reasons, but perhaps in 2011-12 the market is expecting our fifth consecutive colder winter in a row?
I think we'd better make this the Chart of the Month for July 2011, a bit ahead of schedule for a change. The source for those who are interested is here, the latest Ofgem market report.
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