Earlier this month, Ofgem published its ‘State of the Market’ analysis and National Grid its ‘Winter Outlook’ report.
What’s particularly interesting to note is the inclusion from Ofgem of what appears to be far more references to decarbonisation – and how, as the industry regulator, it can work to support the UK in achieving its ambitious targets.
This year has seen UK wholesale gas and power prices slide with much of the risk premium from 2018 eroded away. This was due, in part, to a rerouting of liquefied natural gas (LNG) cargoes from Asia to the UK and Europe.
We hope you enjoyed our first series of The Future of Business Energy.
When it comes buying energy and looking at efficiency projects, I often get asked whether it’s possible to balance cost effectiveness with meeting sustainability objectives.
Non-commodity charges make up a large share of the overall cost of power – as much as 60% for some large consumers.
But if proposed changes to the way in which key distribution and transmission charges are calculated go ahead, many businesses could see this share increase.
Earlier this month, Ofgem published a consultation setting out its latest plans for the way the residual element of Distribution Use of System (DUoS) and Transmission Network Use of System (TNUoS) charges are recovered.
At the start of my working life, I wasn’t aware that careers in energy existed.
Despite studying sciences and maths – and having a keen interest in the wider world – energy or sustainability were never highlighted as possible areas of professional interest.
September is traditionally a common month for businesses to renew their energy contracts.
It also follows hot on the heels of the ‘back to school’ season that can prompt employees to review their own job situation and perhaps focus on new career opportunities.
So we’ve decided to make enhancing employee rewards the theme of our new energy contract deal this Autumn – offering you a seasonal win/win (even if your business gas or electricity contract is not yet due for renewal).