Bord Gais Energy Index 5% Higher For 2011 as Oil Price Reaches 150 Year High

A decrease in both gas and electricity prices drove the Bord Gais Energy Index 1% lower for the month of December but it was 5% higher for 2011 as a whole. The ongoing European sovereign debt crisis, fears about global economic growth in 2012 and a mild start to the winter across Ireland, the UK … Read more

UK Energy Trends – Where are Prices Going?

By Richard Frape, Director of Market Services, Spectron UK gas and power prices rose 25% over the course of 2010, ending the year on a surge as the coldest December in 100 years propelled consumption levels higher and pushed short-term gas prices towards a two-year high. Prices then started to ease sharply at the start … Read more

Irish Economy Most Vulnerable to Potential Oil and Gas Price Shocks

Ireland’s GDP could fall by as much as 7.5% if the world was to experience a sudden oil or gas price rise, according to a report launched by Siemens. The report, which examines the economic impacts for Ireland of different high oil and gas price scenarios, highlights the particular vulnerability of the Irish economy to … Read more