It is extremely hard to fathom but Gas prices seem to actually rise during summer months when demand is almost nil. Why is this? One can understand the rise in electricity prices as we all turn on air conditioners. But why would gas prices rise when we are not running any heat? Many of us don’t even run a pilot light during summer. Prices for natural gas fluctuate in summer as they do during any part of the year based on projected usage. Energy companies are obliged to speculate on the rise or fall of fuel prices based on factors such as political climate in fuel producing nations, and actual climate projections for the UK. If scientific opinion is that a cold winter is coming energy companies will scramble about to lock in prices and supplies. Usually prices rise and energy companies speculate on that upside. They purchase their fuel far in advance of its demand. Now when the speculation fails to achieve the predicted result then energy companies buying on the present or spot markets are placed at an advantage. A smaller company may very well be buying fuel at a better rate than BG and they in turn can offer you a better deal for your home or business electricity. You can find out which companies serving your home location offer the best gas and electricity prices simply by using the free energy prices comparison tool found at energychoices.co.uk. Merely type your postcode into the search box and click to enter it. Within seconds the companies who bought their fuel wisely will be shown along with the lowest rates for energy for you location.
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