Energy costs continue to fall

Energy costs continue to fall

Despite prices having been very low and relatively stable for seven months, we have seen further falls for both Gas and Electricity. These falls are the result of continued positive influences both domestically and globally.

Over the last month we have seen a substantial decrease in the price of Oil, as a result of a world over supply, lack of growth in economies and the decision not to reduce Oil output. This lowering of prices impacts on some Gas contracts.

Although there are issues with our main Gas storage facility, Rough, the good availability of Gas, in particular an increase in LNG deliveries in 2015, has given the industry confidence heading into the winter.

What does this mean……………….

Looking at the Wholesale price statistics, the falls we have seen in Gas and Electricity prices are very clear, with at least four year lows.

Although for Electricity much of the reduction is absorbed by increases in those third party charges already in place and additional charges since April 15, contracting now is an excellent opportunity to reduce exposure to prices which have been substantially higher within the last twelve months.

lpm, together with our utilities broker would be happy to research developments, communal supply options for 12, 24 and 36 month contracts, to determine the potential benefits these current low prices might mean for you. Should you require further information contact your lpm Estates Manager now.

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Registered Name: Life Property Management Ltd. Registered in Scotland SC253869. VAT Reg No 827 5010 46. Property Factor Reg No PF000203. Registered Office: 11 Somerset Place, Glasgow G3 7JT.