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Wholesale gas price

330d
330d Posts: 634 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Energy
Wholesale gas price is currently trading around 260p which is what it was around January time .

So why are not the fixed tariffs that are being offered now similar to the January one's?

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fixed tariffs aren't based on market spot prices. 
  • Verdigris
    Verdigris Posts: 1,725 Forumite
    1,000 Posts Third Anniversary Name Dropper
    And a fixed contract requires a forecast of future prices. This can, partially, be catered for by energy bought forward but there is always an element of uncertainty for any additional energy that might need to be bought at spot prices to cover cold snaps etc. With such a volatile world energy market suppliers are shortening the length of offers, if they are making offers at all.
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