UK energy prices climbed to near nine-month highs in the aftermath of the EU referendum as the market began to anticipate winter blackouts. The UK’s gas and power markets have been rocked in recent months by heavy infrastructure maintenance, unplanned shutdowns and political turmoil, leading to the most volatile quarter of trading in the last two years and a stark break from the market’s steady decline since 2013. Market experts at ICIS said the price of gas climbed 29pc over the second quarter while wholesale electricity prices rose 25pc. The energy market’s second-quarter rally received a further boost from the UK’s vote to leave the European Union, the analysts added.
Telegraph 8th July 2016 read more »