MT Week - Energy prices (and bills) are going through the roof - now what?

It’s hard to miss the stratospheric price rises in the energy sector at the moment.

For investors - and that includes everyone who has a pension - it has meant a couple of weeks of wild fluctuations in portfolio values.

And for everyone else, it means disruption to the way we normally live, from long queues at the petrol station to more expensive goods and services - and of course, higher energy bills.

With winter on the horizon, I wanted to look at things that can help.

Why are energy bills going up so much?

This article in the Guardian is a great in depth explainer on why we’re experiencing an energy crisis right now, but in essence it’s a perfect storm of a long winter last year, businesses all over the world using more energy as they swing back into action after lockdowns and restricted supplies from Russia.

The lack of supply and surging demand has caused gas prices to skyrocket, but as a substantial amount of electricity is generated from gas in the UK, there’s a knock on effect there…