Gas prices are falling.
Quietly celebrate.
Three days of falling gas prices. UK prices dropped from over 100p per unit of gas to around 73p. That is still 33% above pre-conflict levels. Put the party poppers back in the drawer.
📉 Why are prices falling?
Two things. First, reports of unofficial talks between the US and Iran gave markets something to be cautiously optimistic about.
Second, temperatures across northwest Europe are forecast to be milder in late March. less heating demand means less gas needed.
Also, Trump briefly temporarily allowed on some Iranian oil gas and oil ships, easing supply slightly.
⚠️ Why should you not celebrate too much?
73p per unit of gas is still 33% above the 55p level before the conflict started.
Markets remain extremely sensitive to social media posts and world news. One tweet moved oil 7% last week.
The July price cap. set using March and April energy prices on the open market. is currently forecast to be higher than April's.
💡 The one thing you can control
You cannot control gas prices. You cannot control world events.
But you can make your home earn money from energy markets. rather than just pay into them.
FlexMyPower pays you the most exactly when gas prices are highest, because that is when grid flexibility is worth the most.