Energy Report – January
Headlines Below seasonal norm temperatures LNG shipments heading to Asia New national lockdown Energy Overview As of the 5th January, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The price of Oil has steadily increased over the last month, from $49 to $53 a barrel, the highest since […]
Energy & Market Update – December
Overview As of the 7th December, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The price of Oil has steadily increased over the last month, from $39 to $49 a barrel, the highest since March 2020. The announcements of successful vaccine trials boosted prices, providing more optimism for […]
Everything you need to know about Triads
What is a Triad? Triads, consist of the three half-hourly peak periods of national electricity demand, identified in March but based on the previous November to February figures. There must be at least ten days between individual Triads, to avoid a cluster over a short period. This could mean that a Triad is actually chosen, […]
Energy & Market Update – November
Overview As of the 2nd November, Gas Year Ahead Wholesale costs were slightly higher and Electricity slightly lower, when compared to last month’s report. The price of Oil had seen some gains but has since fallen back from $43 to $39 a barrel. Reduced production cuts by OPEC+, which includes Saudi Arabia and Russia, and […]
Energy & Market Update – October
Overiview As of the 5th October, Gas and Electricity Year Ahead Wholesale costs were slightly lower when compared to last month’s report. The price of Oil continues to fall, at $40 a barrel, from $42. Reduced production cuts by OPEC+, which includes Saudi Arabia and Russia, and more supplies being available from Iran and Libya, […]
Energy & Market Update – September
Overview As of the 7th September, Gas and Electricity Year Ahead Wholesale costs are higher when compared to last month’s report. The price of Oil is lower at $42 a barrel, from $44. OPEC+, which includes Saudi Arabia and Russia, reduced the extent of their production cuts in August, in anticipation of a global economic […]
Energy and Market Update – August
Overview As of the 10th August, Gas and Electricity Year Ahead Wholesale costs are slightly higher when compared to last month’s report. The price of Oil has been stable over the last month, moving from $43 a barrel to $44. OPEC+, which includes Saudi Arabia and Russia, agreed to reduce the extent of their production […]
Energy & Market Update – July
Overview As of the 10th July, Gas and Electricity Year Ahead Wholesale costs are higher when compared to last month’s report. Over the last month, Oil has held steady at around $41/bbl with a peak of $43.29/bbl in early July. Continuing low demand levels globally have dampened Oil prices. Ongoing lockdown measures have resulted in […]
Control Your Utility Costs
We work with several property management companies and understand that utility costs account for a large chunk of resident and tenant budgets. We also know that keeping running costs, which includes utilities, as low as possible is vital to operating a profitable and successful business. Over the years we’ve found that lots of property management […]
Energy & Market Update – June
Overview As of the 9th June, Gas and Electricity Year Ahead Wholesale costs are slightly higher when compared to last month’s report. Over the last month, Oil has recovered from $29 a barrel to $41. Although this appears significant, earlier in the year we saw in the region of $70. OPEC and other producers have […]