Pass-Through And The Risks Associated With Long Duration Energy Contracts
A pass-through energy contract splits your bill into two parts, the “fixed” power element, which you pay throughout your term, and non-commodity costs, which will vary over time. The basic ideas is that your energy supplier will pass these non-commodity costs direct to you and there is the risk that these are to some extent, unknown. The other option […]
Checkpoint Changes – On The Road To Net Zero
We all thought the legally-binding commitment to reduce UK carbon emissions to Net Zero by 2050 was ambitious, but now the Government has committed to a 78% by 2035 (against 1990 levels). The latest Carbon Budget, published on 20 April, now commits the country to a very challenging interim target on our journey. Following recommendations […]
Energy Report May 2021
Headlines: Very low Gas Storage levels. More Gas generation required due to low Wind. Unplanned Gas supply outages and uncertainty regarding LNG deliveries. Energy Overview As of the 4th of May, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. Although Oil has increased from $62 a barrel to […]
Renewable Energy & Self-Generation
Energy is an inevitable cost for most businesses. As costs fluctuate and environmental legislation becomes increasingly complex, more businesses are investigating the opportunities offered by renewable energy sources. These technologies are becoming ever more important as we move towards a more sustainable society. There are a wide range of options available for businesses looking to […]
Energy Report April 2021
Headlines: Below seasonal norm temperatures are forecast. The number of LNG shipments will be an important factor in price direction. Gas Storage levels are likely to come under renewed pressure. Energy Overview As of the 6th of April, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. Although Oil […]
Getting the most from the Smart Export Guarantee
To ensure we have a reliable supply of Electricity and to help meet the carbon neutral target of 2050, huge investments are required in infrastructure and schemes to encourage renewable generation. Through the Feed in Tariff (FiT), which was launched in 2010, there was an incentive for the investment in small scale renewable projects, for […]
Energy Report March
Headlines: Below seasonal norm temperatures are forecast LNG shipments are heading back to Europe Gas Storage levels are low Energy Overview As of the 3rd of March, Gas and Electricity Year Ahead Wholesale costs are lower, when compared to last month’s report. The price of Oil did reach a high of $67 a barrel, levels […]
Powering A Way to Electric Vehicles
By 2030 the familiar grumble of petrol and diesel cars will be replaced by a gentle whirr of electric vehicles (EVs). The purpose is to accelerate the UK towards its ambitious Net Zero target to be carbon neutral by 2050 by replacing polluting vehicles with greener alternatives. Around one third of the UK’s carbon emissions […]
Energy Report February 2021
Headlines Below seasonal norm temperatures. LNG shipments may be heading back to Europe. Low Wind contribution. Energy Overview As of the 2nd of February, Gas and Electricity Year Ahead Wholesale costs are virtually unchanged, when compared to last month’s report. The price of Oil has steadily increased over the last month, from $53 to $57 […]
SECR Compliance … will it affect you?
Streamlined Energy and Carbon Reporting (SECR) is the name the UK Government has for the new legislation which follows on from the Carbon Reduction Commitment (CRC). SECR came into legislation on 1st April 2019, so you need to be thinking about this now. With growing pressures on the UK Government to meet the required climate […]