Wholesale Prices Hit New Highs

Gas and commodity prices climb, power follows. Ofgem issues update on its Targeted Charging Review

All power contracts increased last week with commodity prices hitting new multi-year highs. Power for December experienced the biggest gains increasing by 2.9%. Gas and Brent crude oil moved in the same direction, reaching eleven-month to two-year highs! Moving away from wholesale prices, Ofgem released an updated version of their Targeted Charging Review Significant Code Review which assesses new options for how consumers are billed for network charges.

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