Record gas storage levels this year are unlikely to mean prices drop to levels seen before the pandemic and the Ukraine war, but energy security has improved after months when the UK worried about keeping the lights on.
Factors that could bring up energy costs include weather, US exports, Chinese demand and Russian supplies.
Imports of US liquified natural gas in the second half of last year rose significantly as reliance on Russian gas waned. Going forward, however, the US is under domestic pressure to protect consumers from price rises, which could mean less exported to Europe., following nearly three years of lockdown restrictions, and the associated economic growth will impact energy markets, the Cornwall Insight report said, though the impact is uncertain.
Households can expect prices to be"more muted" than last year, Dr Chadwick said, as the panic from the Ukraine war outbreak subsides.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European industrialists question focus of energy subsidies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Read more »
European industrialists question focus of energy subsidies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Read more »
Premier League clubs' record goalscorers: Mo Salah closes in on God's recordHarry Kane beat Jimmy Greaves' record and now Mo Salah needs to step up to take the Liverpool Premier League record from Robbie Fowler.
Read more »
How the loss of the European Social Fund will impact society's most vulnerableA father and son have called cuts to ESF funding, which supports organisations like Mencap, 'despicable' and said it would have a 'dreadful impact' on vulnerable adults and families
Read more »
Beware the European optimism trap\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Britain’s tomatoes are a victim of the energy crisisScientific know-how has helped some growers
Read more »