British householders might be inclined to compare energy prices and switch gas providers in light of a recent market update from npower's Optimisation Desk.
The energy supplier's expert, Magali Hodgson, explained that the US' debt problems and its subsequent credit rating downgrade have created turbulence in global markets, which has had a subsequent impact on the UK energy market.
Investors sought to pull their money out of risky assets, which sent "bearish signals" to crude oil and equities at the beginning of August, she noted.
Going forward, demand is set to stay low as the maintenance seasons comes to an end, Ms Hodgson revealed.
"For the power and gas curves, volatility is set to be high while the UK market continues to search for a clear direction. All eyes will be on the Eurozone debt crisis as this is likely to be a continuing cause of bearish sentiment," she added.
Npower is the fifth of the Big Six energy suppliers to have raised its prices this summer.
If you want to find out more about how to compare energy suppliers and save up to £453 in minutes, click here.
Share this story with your friends:-