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UK gas prices continue to rise

British wholesale natural gas prices were firmer on Wednesday (22 October) on increasing demand, which was forecast to exceed supply, Reuters has reported.

The price rises were down to an undersupplied system, it said. Britain’s gas demand was expected to be 202.7 million cubic metres (mcm) on Tuesday, broadly in line with the seasonal norm, but with supplies seen at just 193.2 mcm, the system was left around 10 mcm undersupplied, implying a need for higher imports or storage withdrawals.

Today in London, the chief executives of influential businesses and charities came together to launch The Big Energy Vision, a new long-term campaign to empower UK households to take control of rising energy bills.

The growing partnership committing to The Big Energy Vision included Kingfisher, John Lewis, the Home Retail Group, the National Trust, Citizens Advice, Calor, uSwitch, the Energy Saving Trust, TrustMark, Energy UK, the UK Green Building Council, Global Action Plan, Willmott Dixon, and Groundwork.

It is being co-ordinated by not-for-profit organisations Forum for the Future and Behaviour Change, with the goal of countering the frustration, confusion and distrust that currently dominates by highlighting positive, practical actions people can take to reduce their bills. 

From smart meters and digital technology to installing insulation and buying efficient appliances, from washing at 30C to switching tariffs, the partnership will show households how they can can “use less, waste less and pay less”.

Liz Male, chairman of TrustMark, said: “We want to see homeowners feeling confident, positive and protected in taking control of their energy efficiency. We also want to see a larger, stronger and more stable market for the thousands of skilled firms and tradespeople within TrustMark who are ready and waiting to provide homeowners with energy-saving home repair, maintenance and improvement work, but who are frustrated by the misinformation, mixed messages and dysfunctional way this market operates at present.”

TrustMark will promote the Big Energy Vision to its 14,500 registered firms, the approved scheme operators that bring those firms into TrustMark and the homeowners searching for reputable tradespeople.

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