Cushman & Wakefield and Premier Energy Auctions have released their Monthly Market Energy Update for May, a snapshot of economic, geopolitical and meteorological factors affecting the energy market.
Prices rise, even with chilly weather.
Even though consistently warmer weather has yet to materialize, the report reflects a slight uptick in prices in anticipation of summer. While prices may flatten if warm weather doesn’t develop in the short term, it’s more likely higher temperatures will arrive, bringing with them higher energy prices. Consider locking in longer-term energy costs as a risk hedge.
Gary Graham, director of energy management for C&W Services, can take you through the report, and your options.
Read the full May Energy Update for a more thorough description of last month’s news.