UK gas wholesale prices record 50% ‘super-spike’

UK gas wholesale prices have just jumped up 50% after the pipeline pumping gas between Britain and Belgium shut down unexpectedly due to a technical fault, a news report reveals.

The bad weather and below-average temperatures recorded across the UK lately have put some unusual high level of strain on gas supplies, with forecasts estimating that Britain’s gas supplies could run out next month, forcing consumer to pay a higher price on imported gas.

Unfortunately, although this huge increase in wholesale prices is most likely just a temporary occurrence, things might change for the worse on the future, with energy bills soaring even further.

For this reason, if you plan to implement an energy costs reduction plan for your business, the best place to start is HeatingSave, since our solution will allow you to actually save between 20 and 30+ percent from your monthly energy-related expenditure.

For example, HeatingSave provides an extensive level of control over the building’s heating patterns, meaning that heating will not be on during weekends or holidays unless the building is actually in use. Moreover, its control algorithm will “self-learn” your building’s heat-loss pattern, meaning that it will be available to automatically adjust heating levels in order to optimize consumption and still deliver a very good level of thermal comfort.

Moreover, the system enables automatic occupancy detection allowing the temperature to be reduced to a background when areas are not used and quickly brought up to temperature when they are being used.

HeatingSave also takes an automatic decision on whether to use electricity or gas for heating during summer, and also enables users to set a night setback temperature, reducing the night heating by a few degrees to still keep 24/7 operations warm whilst saving energy and money.

If you’re interested in finding out more about the HeatingSave system, our dedicated product team is waiting for all your queries.