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Energy Prices Update

Electricity Wholesale Prices have dropped to below £46/MWh for the April 12 starts and is at a 20 month low. This has come about because last year was the second warmest on record and expectations of continuing mild weather have contributed towards the recent downward trend.

Gas is also at a low point since last February at 60p/th owing to a comfortable supply outlook versus demand.

Oil remains high at $110/barrel owing to the strength of the dollar.