In this week’s Resonance energy market podcast Jeremy Nicholson talks to Alfa’s Jason Durden about UK energy prices, as we look at the current market situation and consider the winter ahead on prices, the economy and security of supply.
Topics discussed include:
- UK NBP gas prices at a 25% discount to Europe.
- No business in Europe can sustain current prices, even if currently comfortably hedged – will production switch to UK operations?
- Suppliers prepare for tough period ahead as unsustainable prices continue, a policy vacuum persists while politicians take time off to holiday, and recession looms.
- Security of supply paradox for the winter ahead – supply will be available, but it might not be affordable.