24/08/2026
Energy prices had their strongest week since July. Gas hit its highest point since March, and power reached levels not seen in almost three years.
The main driver was the collapse of peace talks around the Strait of Hormuz, alongside supply problems in Norway and low storage levels across Europe.
If your business is on a fixed contract, your rate is safe for now, but renewal quotes issued during weeks like this tend to run higher. If you are on a flexible contract, you will feel this one directly.
Check out our blog post now, link in comments then get in touch with your named energy specialist to talk through your options.