Gas prices have once again come down however after a pretty steady week, Electricity prices have increased this morning by 50.29% compared to last week.
In the last week, we have had news that CNG and Bulb Energy are on the verse of collapse. CNG are a commercial only supplier with around 45,000 customers. If they do go under, Ofgem will place their customers with a new supplier who will initially charge them their standard variable rates until a new contract is agreed. The rates for each supplier can be found here.
Today, the Electric wholesale prices have opened up 50.29% higher than this time last week with Gas decreasing by 14.83%
How the market has opened each day:
Date Electric (£/MWh) Gas (p/therm)
01/11/2021 260.00 178.00
29/10/2021 131.10 151.10
28/10/2021 162.60 178.10
27/10/2021 167.85 200.10
26/10/2021 174.10 206.10
25/10/2021 173.00 209.00
7 day averages
Electric (£ per MWh) 178.11
Gas (pence per therm) 187.07
The below shows how the market compares to the previous week, month and year.
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