November 2018 was, as usual for this time of year, a reasonably volatile month for wholesale energy prices; peaking at 8-10% higher in the middle of the month, however, forward prices ended up pretty much where they started or even slightly lower. The price volatility was driven by both global political and short-term fundamental issues, […]
Renewables Obligation (RO) / Feed-in-Tariffs (FiT) Mutualisation The payment shortfall will affect customers with Pass-through and Flex contracts who were on supply between July and September 2018. What are they? The RO is a support mechanism which requires all licensed electricity suppliers to source an amount of their supply from renewable sources. It was introduced by […]
The UK Government announced a new mandatory Streamlined Energy and Carbon Reporting (SECR) framework for all large UK businesses to take effect in 2019. What is SECR? SECR stands for Streamlined Energy and Carbon Report. The new mandatory reporting framework will replace the CRC Energy Efficiency Scheme (CRC EES) and extend the scope of the existing […]
Why has the Capacity Market been suspended? The Capacity Market scheme subsidises owners of coal, gas and other power stations so that their plants are ready to supply electricity for businesses and homes at peak times during the winter months. Tempus Energy, a clean technology firm submitted a legal challenge to the European Court of […]
What is DCP 228? DCP stands for Distribution Connection and Use of System Agreement (DCUSA). DCP 228 spread the energy costs more equally throughout the day. Until recently, Distribution Use of System (DUoS) costs are at their highest for half-hourly consumers during late afternoon – or the so-called ‘Red Band’ – meaning a large percentage of […]
What is DCP 161? DCP stands for Distribution Connection and Use of System Agreement (DCUSA). DCP 161 reintroduces higher charges for excess capacity that are on average 73% above normal rates. This will impact customers with Half-hourly meters who exceed their agreed capacity. What are Distribution Use of System (DUoS) charges? These are the charges […]
Wholesale energy prices have dropped significantly during October 2018 – UK’s gas and electricity annual prices decreasing by just over 10%; crude oil prices also decreased about 10% too. However, spot UK energy markets were volatile, driven primarily by changing short term weather forecasts. Forward curves for rolling annual prices reduced its backwardation compared to […]
Do you need help getting a New Meter Installation? So, you have your new mains connection, your buildings been renovated, and the finish line is almost in sight and you can open your doors and start trading! An exciting milestone! But wait… you still need your new meter for the commercial gas or electricity. You […]
Whereas oil prices have continued with their seemingly ever-increasing run up, UK’s gas and power had a much more volatile month. By mid-month UK gas had touched highs not seen since 2011 for annual contracts and UK power reached levels never seen before! However, by the end of the month prices reduced off these highs […]
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