Mark Johnson, a director of Torse Ltd, is interviewed by Maria Loreto Urbina regarding the current energy market in the UK with regards to pricing fluctuation, long term contracts and advice for existing and new clients wishing to renew their energy contracts
Here is a brief summary of issues discussed
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How can Torse protect businesses from predicted energy price rises over the next few years?
The economic recession perhaps does have something of a ‘silver lining’ for businesses at the moment. Supply and demand returns to playing a larger part in the price of Oil and Gas; fundamental influencers of the price of Power and Gas in the UK. Maybe something of an oversimplification, however, despite the best efforts of OPEC to maintain artificially high $ per barrel and a reduction in the volatility as the speculators struggle to manipulate the markets their way; we are experiencing a relatively low plateau in Energy prices. Whilst is doesn’t quite hark back to the days of early regulation, with huge savings and fixed prices for up to 5 years [hard to believe!], what we are beginning to see is a fragmented return of longer term business contracts, initially for gas, but also longer-term Electricity contracts. continue