Energy & Water Market Update – January
Overview As of the 15th January, Gas and Electricity Year Ahead Wholesale costs show decreases when compared to last month’s report. Following the assassination of an Iranian general by the US and the counter missile strikes against coalition bases, Oil and subsequently Gas and Electricity prices did increase, but have since eased as the situation […]
Energy Market Update – December
Overview As of the 11th December, Gas and Electricity Year Ahead Wholesale costs show decreases when compared to last month’s report. OPEC and Russia have announced further Oil production cuts through to March 2020, in an attempt to support prices. As a result, they moved from $61 a barrel last month to $64, but have […]
What Makes Up My Energy Bill
Wholesale costs make up a smaller proportion of Electricity and Gas bills. Third Party charges are on the rise. *Typical split and subject to individual requirements and location Network Charges Transmission Charges contribute towards the cost of building, maintaining and operating the high pressure Gas and high voltage Electricity transmission networks. Transmission companies charge the […]
Energy Market Update – November
Since our last Market Knowhow Report, Gas and Electricity Wholesale prices have seen small increases. Oil is up to $62 a barrel, due to a more positive message concerning the US and Chinese trade talks, the expectation being that global economic growth would improve, and with it, demand for Oil. Also, OPEC and Russia may […]
Energy Market Update – October
As of the 9th October, Gas and Electricity Year Ahead Wholesale costs were lower when compared to last month’s report. Oil is down from $60 to $58 a barrel although we did see $69 following the drone attacks on Saudi Oil facilities, which also impacted on Gas and Electricity prices. OPEC and Russia look to […]
Smart Export Guarantee
From the 1st January 2020, the Smart Export Guarantee (SEG) requires energy suppliers with more than 150,000 domestic customers to offer at least one export tariff to small scale electricity generators, which includes Solar, Wind Turbines, Hydroelectric and Anaerobic systems. It will ensure forms of renewable energy generation with a capacity up to 5MW will […]
Energy Market Update – September
As of the 12th September, Gas and Electricity Year Ahead Wholesale costs were higher when compared to last month’s report. Oil is up from $59 to $60 a barrel, showing little movement during the period. A lack of forecast economic growth counters OPEC and Russian attempts to maintain a high Oil price, by extending their […]
Energy Market Update: August
As of the 19th August, Gas and Electricity Year Ahead Wholesale costs were slightly lower when compared to last month’s report. Oil is down from $64 to $59 a barrel, although had reached $67. A lack of forecast economic growth counters OPEC and Russian attempts to maintain a high Oil price, by extending their production […]
Spotlight on our ‘Industry Expert’
For those of you fortunate enough to have crossed paths with Aimee, you will already have an understanding of her incredible passion and knowledge for the energy industry. She really is a self profound ‘Energy Geek’ and her understanding of the sector, personality and leadership qualities are all attributes we value. When I approached Aimee […]
ESOS Phase 2 – Everything you need to know
What is ESOS? The government’s Energy Savings Opportunity Scheme (ESOS) is the UK’s interpretation of Article 8 of the EU Energy Efficiency Directive. It is an initiative to lower carbon emissions and mandates that organisations undertake comprehensive assessments of energy use and energy efficiency opportunities at least once every four years. The scheme is aimed at […]