Energy index stable on low risk

The Bord Gáis Energy Index is unchanged in February compared with the previous month, as the global economic recovery stalls and the risk premium on energy prices falls because of lower geo-political concerns.

The index stands at 150 — a 4% decrease on Feb 2012. The uncertain outcome of the Italian elections adds to the eurozone’s economic woes.

Moreover, the index was buoyed last year by fears that Iran would close the Strait of Hormuz, which would have had a hugely disruptive impact on oil supplies.