Wholesale Energy Market Review 21 December

Energy Wholesale Market View

Headlines The majority of wholesale power and gas contracts rose week-on-week, with summer 20 power and gas contracts the exception. Prices have risen despite a 5.6% decrease in Brent crude oil from the previous week, and have found support from surging EU ETS carbon prices, up 14.0%, and weaker wind generation. Day-ahead power rose 2.2%

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Make the most of the festive shutdown

Display Energy Certificates

Are you lucky enough to have a Christmas shutdown or even just the extra days where your offices aren’t open at Christmas and New Year? If yes, then take the chance to let these non-working days do some energy management work for you! It’s an ideal time to measure the baseload energy usage in your

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Wholesale Energy Market Review 14 December

Energy Wholesale Market View

Headlines The majority of wholesale power and gas contracts rose week-on-week, with day-ahead power an exception as it was supported by strong wind generation whilst colder weather drove gas prices higher. Commodities experienced mixed movements, with both API 2 coal and EU ETS carbon prices rising week-on-week, compared to Brent crude oil which dropped despite

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Wholesale Energy Market Review 7 December

Energy Wholesale Market View

Headlines This week, the majority of wholesale power and gas prices fell, whilst commodities moved in the opposite direction. All gas contracts moved lower, with near-term contracts pressured by high LNG send-out and further arrivals of LNG cargoes. Week-on-week day-ahead gas lost 3.7% to 60.3p/th. Seasonal gas contracts decreased 0.7% on average with the biggest

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How energy surveys and data validation can help your business

Energy Surveys and Data Validation

Energy surveys and data validation can both have a positive effect on managing your energy usage as well as your budget. These can be completed as a one off, or as part of a regular programme, depending on your objectives. An energy survey alone can identify existing and potential issues relating to energy usage. A

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2018 Conference shines a light on the future changes that affect the industry

Energy Management Conference 2018

On 20 November, we hosted our Energy Management Conference with a theme of the Changing Energy Landscape. Speakers from industry-leading organisations shared their insights on the energy industries future and gave information about how evolving technologies can play a positive role. Our CEO, Simon Miles, set the scene and National Grid’s Power Responsive Manager, Rhiannon

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Wholesale Energy Market Review 30 November 2018

Energy Wholesale Market View

Headlines This week, the majority of wholesale power and gas prices fell, whilst commodities experienced mixed movements. Prompt wholesale power and gas contracts moved lower, driven by high levels of wind generation and an oversupplied gas system. All baseload power contracts fell this week. The day-ahead contract plummeted 9.7% to £60.5/MWh. High levels of wind

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Wholesale Energy Market Review 23 November 2018

Energy Wholesale Market View

Headlines This week, the majority of wholesale power and gas prices fell, following Brent crude oil and API 2 coal prices lower. Prompt wholesale power and gas contracts were pressured by revised temperature forecasts, which are higher than previously expected for the rest of 2018. Most baseload power contracts fell this week. The day-ahead contract

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Greenhouse Gas Reporting – Have you really made a difference?

Greenhouse Gas Reporting – Have you really made a difference?

If you have regularly been monitoring and reporting on the greenhouse gas emissions of your organisation over the past few years; chances are you’ve seen a reduction. Which is great. But do you really know what has caused this change? Have you looked deeper at the underlying information to work out where this has come

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The Changing Energy Landscape in the spotlight at our 2018 Energy Management Conference

TEAM's Energy Management Conference 2018

This year’s Energy Management Conference brought together over 100 Energy Management professionals for a fantastic day of enlightenment, thought leadership and networking. This was all made possible by our industry-leading presenters, who shared their insights and information on the challenging and changing energy landscape. Graham Paul, Service Delivery Director said: The event was a great

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Wholesale Energy Market Review 16 November 2018

Energy Wholesale Market View

Headlines All wholesale power and gas prices rose this week on the back of forecasts of below seasonal normal temperatures for the rest of 2018, whilst Brent crude oil and API 2 coal experienced downwards movements. The day-ahead power contract went up 14.7% to an eight-week high of £70.3/MWh, supported by falling levels of wind

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Wholesale Energy Market Review 9 November 2018

Energy Wholesale Market View

Headlines This week, wholesale power and gas prices rose, whilst Brent crude oil and API 2 coal experienced downwards movements. Despite day-ahead gas and power contracts hitting 12 and 14-week lows respectively, prices have been influenced by recovering EU ETS carbon prices and forecasts of below seasonal normal temperatures moving into December. All baseload power

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Wholesale Energy Market Review 2 November 2018

Energy Wholesale Market View

Headlines This week, wholesale power and gas, and commodity markets experienced downwards movements, with day-ahead gas and power contracts both hitting 11-week lows. Continued high LNG send-out, milder weather and falling commodity prices have pressured prices lower across the curve. All baseload power contracts fell this week, with day-ahead baseload power down 8.7% to an

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Top 10 Energy Saving Tips for the Winter

Non domestic RHI Scheme

At this time of year, we all revisit the heating controls and turn on the lights earlier at home. It’s not so straightforward for businesses; with numerous people occupying the premises and large, complicated heating and cooling systems. So, if you’re responsible for the energy management in your building and the comfort of your organisation’s

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Wholesale Energy Market Review 26 October 2018

Energy Wholesale Market View

Headlines This week, wholesale power and gas, and commodity markets experienced mixed movements, with month-ahead gas contracts hitting 11-week lows as high LNG send-out is expected to continue into November with several cargoes contracted to 7 November. Both baseload and peak power contracts experienced mixed movements, with the majority of near-term contracts out to winter

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The end of CRC reporting. What will it mean to the current CRC participants?

The end of CRC reporting

July 2019 will be the final reporting deadline for CRC Phase 2 and we already know that the fiscal element of this scheme is due to be replaced by an increased Climate Change Levy (CCL) rate. But what does this mean for those who have been participating in CRC since it started in 2010, both

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Wholesale Energy Market Review 19 October 2018

Energy Wholesale Market View

Headlines This week, all commodity prices fell for a second week, with EU ETS carbon hitting a two-month low and Brent crude oil dropping below $80.0/bl. Despite pressure from falling commodity prices, near-term wholesale power and gas prices reversed the previous week’s decline and rose. All baseload and peak power contracts to summer 19 rose

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Our Head of Operations to Chair ESTA’s aM&T Group

Timothy Holman

Tim Holman has been elected to Chair the automatic Monitoring & Targeting (aM&T) group ran by ESTA (the Energy Services and Technology Association). ESTA is a trade membership organisation and the aM&T group supports members who provide products and services targeted at measuring, acquiring, managing, processing and analysing energy data in the pursuance of energy

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Wholesale Energy Market Review 12 October 2018

Energy Wholesale Market View

Headlines All commodities fell this week, with coal and oil ending multi-week climbs. Pressure from curtailing commodity prices, coupled with an increase in wind output and warmer temperatures, cause wholesale power and gas contracts to retreat, with many also hitting lows on 11 October. However, the recent high prices of gas have attracted several LNG

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10 years of Display Energy Certificates

DEC Certificate

10 years ago, as part of the Energy Performance in Buildings Regulation, Display Energy Certificates (DECs) were launched in England and Wales. In October 2008, DECs became a legal requirement for all buildings in the public sector and publicly funded organisations where members of the public access buildings. The purpose of a DEC is to

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Wholesale Energy Market Review 5 October 2018

Energy Wholesale Market View

Headlines Near-term power and gas contracts continued lower this week, whilst seasonal contracts recovered from the previous week’s decline. Week-on-week, day-ahead gas prices dropped 4.3% to 70.1p/th, as the gas system was oversupplied following a pickup in Norwegian flows to the UK. Day-ahead power followed its gas counterpart lower, down 1.3% to end the week

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What to consider when applying for the non-domestic Renewable Heat Incentive

Non domestic RHI Scheme

What is the RHI? The Renewable Heat Incentive (RHI) was introduced to support technologies that generate heat from renewable sources. The non-domestic phase of the scheme provides organisations, large or small, income for generating their own energy. We’ve put together answers to some of the questions we get about the scheme: What sort of return

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Wholesale Energy Market Review 28 September 2018

Energy Wholesale Market View

Headlines All power contracts reversed the previous week’s gains, following gas prices lower despite below seasonal normal temperatures expected at the start of next week. Week-on-week, day-ahead gas prices dropped 3.6% to 73.3p/th, but with prices hitting a five-month high of 78.4p/th on 24 September as colder temperatures lead to increased gas demand. Day-ahead power

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Wholesale Energy Market Review 21 September 2018

Energy Wholesale Market View

Headlines All gas and power contracts recovered the previous week’s decline, rising as wind generation is forecast to fall and demand expected to rise early last week. Despite EU ETS carbon experiencing its first weekly average decline in 13 weeks, power prices continued to be supported by commodity markets with gains in Brent crude oil

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New Key Account Manager joins our growing Sales team

Dean Noden, Key Account Manager

New industry expert joins our sales team picking up the Midlands region. Dean Noden has been involved with the Energy Industry for 20 years and in the last 10 years has worked specifically in the Energy Management Sector. Dean comes to us from our competitor eSight Energy Ltd where he worked for 5 years. Pete

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Wholesale Energy Market Review 14 September 2018

Energy Wholesale Market View

Headlines All gas and power contracts decreased week-on-week reversing recent trends of sustained upwards price movements. Contracts were weighed on as EU ETS carbon fell from a 10-year high of €25.8/t on 10 September to below €19.0/t towards the end of the week as hedge funds and speculators exited positions and traders chased short-term profits.

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Wholesale Energy Market Review 07 September 2018

Energy Wholesale Market View

Headlines All gas and power contracts increased this week, with front season contracts reaching record highs of any season-ahead contract since 2008. This was due to sustained bullish market fundamentals, including fresh 10-year high carbon prices, five-year high coal prices, and a third consecutive weekly oil price rise. Day-ahead gas prices gained 7.6% to 74.5p/th,

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Wholesale Energy Market Review 31 August 2018

Energy Wholesale Market View

Headlines All gas and power contracts rose this week, with contracts continuing to hit new highs amid bullish market fundamentals, including fresh 10-year high carbon prices, and rising coal and oil prices. EU ETS carbon prices increased 4.9% to average €20.5/t. Prices hit a fresh 10-year high of €21.8/t on 27 August amid low auction

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Have you budgeted for Climate Change Levy increases?

Climate Change Levy

From 1 April next year the Climate Change Levy (CCL) applied to all business electricity, gas and solid fuel use is increasing significantly. This is primarily to offset the loss in revenue that the government will suffer as the CRC scheme comes to an end next year. However, for those who have never been part

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TEAM Energy appoints Product and Service Development Manager

Tom Anderton, Product and Service Development Manager

Product and Service Development Manager appointed to lead the delivery of our product and services strategy and progress the evolution of Sigma Energy Management Software. Tom Anderton has been appointed to lead our product and services strategy which includes creating and implementing products and services, evaluating target markets and securing long-term, profitable growth and revenue.

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Important lessons learnt from the ESOS Phase 1 audit

Justine Grant - Renewable Heat Incentive expert

An important date to be aware of for your ESOS phase 2 audit is 31 December 2018. This date must be included in your 12 months’ worth of energy data. So, if you start Phase 2 now, this date will be included, and you will reduce the risk of missing deadlines and you will avoid

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BEIS seeks views on performance of EPCs

Energy Performance Certificates (EPCs) in buildings

As pledged in the Government’s Clean Growth Strategy, the Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation on the role of Energy Performance Certificates (EPCs) in buildings. They want to understand the causes for discrepancies in EPCs for the same or similar buildings and where the potential issues come from. Another

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Protecting your business through energy management

TEAM Energy Procurement Service

In a recent webinar presented by our procurement partner, Tradition Energy talked about energy risk management and why it is vital for businesses. With energy procurement an important factor in an energy management strategy, managing risks can be a complicated game of finding the sweet spot between taking advantage of market opportunities and leveraging all

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A journey of discovery

Energy in Buildings & Industry July/August 2018

Energy and Buildings in Industry recently interviewed Alexis Percival, Environmental and Sustainability Manager from Yorkshire Ambulance Service NHS Trust, in their Talking Heads feature. As a TEAM customer, we’re proud to be working with such a pioneering personality and helping Alexis manage Yorkshire Ambulance’s sustainability and energy management. Read her story here

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Streamlined Energy and Carbon Reporting

Streamlined Energy and Carbon Reporting (SECR) Framework

Find out what SECR means for you >> The publication of the government’s response to the Streamlined Energy and Carbon Reporting (SECR) consultation last week has finally brought some clarity to what, if any, the replacement for Carbon Reduction Commitment (CRC) reporting will be. We have been aware since 2016 that the financial element of

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Capacity Market – Prequalification submission window opens today. Future dates for your diary

Capacity Market Support

The Capacity Market is open to all capacity providers including new and existing power stations, electricity storage plant, capacity provided by voluntary demand reduction and, from 2015 onwards, interconnectors. In recent declarations, the Rt Hon Claire Perry MP Minister of State at the Department for Business, Energy and Industrial Strategy said that the Government plans

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Minimum Energy Efficiency Standards (MEES) – how we’re helping our clients

Energy Performance Asset Rating

In the run-up to the enforcement of the new Minimum Energy Efficiency Standards (MEES) and since its implementation, we have been busy working with clients to ensure they are compliant with the new regulations. Buildings with an Asset Rating of an F or G cannot be leased out to new tenants; unless energy efficiency improvements

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Changes to the Medium Combustion Plant Directive (MCPD)

Department for Business, Energy & Industrial Strategy

Following a recent consultation to propose changes of environmental permits for the operation of medium combustion plant (MCP), new and standard rules have been set. Introduced in 2015, with the aim to improve air quality, the Medium Combustion Plant Directive (MCPD) was introduced. Under the MCPD, combustion plant emissions must be formally measured and submitted

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Brand new and efficient working space for TEAM’s Bureau and Consultancy

TEAM Energy at refurbed offices

After a few months of working in a temporary office, Energy Bureau staff and the Energy Consultants have moved into their brand-new office space. After EDW Technology acquired TEAM 12 months ago, some of the departments moved into EDW’s office in Knowlhill. This made way to reconfiguring and renovating the old TEAM office to provide

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CRC Annual Reporting… Is it the same old thing?

Abigail Basketter, Energy Services Coordinator

Is it the “Same old, same old…”? Energy Services Coordinator, Abigail Basketter, asks the question. In many ways, yes, the CRC Annual Reporting process is full of repeated activities and communications that have become well-rehearsed over the years. But the CRC reporting process has created some transformations in our sector that are worth talking about.

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TEAM and EDW compete in charity fundraising Dragon Boat Festival

Dragon Boat Racing 2018

Last weekend TEAM and EDW Technology took part in the Milton Keynes Dragon Boat Festival as part of an impressive charity fundraising day. The Milton Keynes Dragon Boat Festival brings local businesses together for a fun and enjoyable day out. TEAM and EDW Technology were proud to be a sponsor of the event which raised

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Integration a first step

Energy in Buildings & Industry (Eibi) June 2018

Energy in Buildings & Industry’s editor, Mark Thrower, recently interviewed TEAM’s CEO, Simon Miles, for their regular “View from the top” feature. They talked about EDW’s takeover of TEAM, the integration of two businesses and the ambition for the future. Read the full article

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A future framework for heat in buildings: call for evidence

future framework for heat in buildings

There is an opportunity for forming Government opinion and having legislation to support the renewables industry by contributing your opinion to the consultation on “A future framework for heat in buildings”. It’s clear that action on decarbonising heat must be increased during the 2020s. So, the Government has declared an ambition to phase out the

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Non-Domestic RHI changes

Ground Source Heat

Ofgem has announced on 17th May 2018 its reforms to the Non-Domestic RHI regulations. Ofgem published guidance in support of these regulation changes on the 22nd May for Non-Domestic RHI on the Ofgem website. Eligible Heat Use changes From 22 May, applications can no longer include heating a swimming pool other than one which is

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Steps to get your Display Energy Certificate done smoothly

Display Energy Certificate (DEC)

A Display Energy Certificate (DEC) is designed to show the energy performance of public buildings. Public Sector organisations with buildings exceeding 250m2 that are frequently visited by the public are obliged to display a valid energy certificate and have an up to date Recommendation Report (RR). Failure to do so could result in penalties. First

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Sigma Energy Management software development; Yellowfin case study

Yellowfin

Last week saw the launch of the latest version of the Sigma Energy Management software incorporating Sigma Energy Intelligence. By partnering with Yellowfin, we have created an exciting new addition to the Sigma hosted-software suite. Yellowfin was chosen, following a lengthy vendor-selection process, to provide us with their industry-leading business intelligence, dashboard, reporting, and data-analytics

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Air Conditioning Inspection Reports

TM44 Air Conditioning Certificate Savings

What is an Air Conditioning Inspection Report? If you have an Air Conditioning System with a cooling capacity of 12kW or more in your building, you are required to have a valid Air Conditioning Inspection Report (ACIR) and a certificate in place. An inspection of the system should take place every five years and there

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Latest Team Sigma Release, Powered By Yellowfin

Yellowfin Software Intelligence

Combination of architectural updates and Yellowfin analytical software set to provide our Sigma customers with high-performance reporting tool A leading, end-to-end analytics tool has been embedded into our energy management software in the first of many structural updates to take place this year. Sigma Energy Intelligence is a modern and intuitive BI and analytics module

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TEAM retains official supplier status in SBS framework

NHS Shared Business Services (SBS) Framework

Our bill validation, recovery and compliance services continue to be available to NHS trusts and other public-sector organisations within a Shared Business Services (SBS) framework agreement. The SBS framework is a joint venture between the Department of Health and Sopra Steria and is the market leading business support service. They set out to offer innovative

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Non-Domestic Energy Performance Certificates

Non-Domestic Energy Performance Certificate (EPC)

What is a Non-Domestic EPC? An Energy Performance Certificate (EPC), rates how energy efficient a building is. The certificate will tell you three key pieces of information: firstly, it will grade the building for efficiency from A to G (A is the most efficient grade); secondly it will give suggestions for improving the efficiency of

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Reasons to start ESOS phase 2 now

ESOS Audit Phase 2

The deadline for ESOS Phase 2 is 5th December 2019. Although this deadline is over 20 months away, TEAM’s Energy Savings Opportunity Scheme’s lead assessor, Justine Grant, gives 7 reasons why you should start now: Quality Lead Assessors are a requirement and they will be more in demand the closer you get to the deadlines.

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DCP161 – Time to act

DCP161

As of 1st April, DCP161 will be effective. Introduced by Ofgem, this new regulation will allow utility companies to charge a penalty rate when their commercial customers draw more power than expected. DCP161 changes the Distribution Connection and Use of System Agreement (DCUSA) and will introduce Excess Capacity penalties for Half Hourly (HH) electricity supplies.

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Identify Energy Saving Opportunities with TEAM’s Desktop Energy Audit

Desktop Energy Audits can help save money

Ever wondered what your Display Energy Certificate really means? Or why your electricity bills are so high? Knowing the total energy consumed each year and a rating based on that can be useful, but it’s only when you get down to the detail of that energy use that you can effectively start to target savings.

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New Business Intelligence Solution

Tablet with charts on a chart background

Powering Our Utility Bill Recovery Performance A new management information system has gone live at TEAM. TEAM Energy has implemented an innovative Bureau Service Management Information (BSMI) solution to help the management team use data and knowledge to drive performance, quality and enable smarter and quicker business decisions. The solution was delivered by creating a

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Display Energy Certificates – who is affected?

Energy consulting and rating

Last year was another busy year for the Energy Services team, delivering over 750 Display Energy Certificates (DECs) to our clients. Our client base is extensive and reflects the expertise the department has in delivering the certificates to different sectors, with clients including hospitals, universities, schools, museums, local and central government buildings and leisure centres.

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TEAM Energy update from Simon Miles, CEO

At our User Group Conference in November, Simon Miles, CEO of TEAM and EDW Technology, explained why EDW Technology acquired TEAM in 2017. EDW’s background, knowledge and expertise set to complement and enhance TEAM’s services. Watch the film to hear more…

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What’s new on the Capacity Market?

Capacity Market Support

The next milestone for the capacity market is the capacity auction on the 30th January. This is for the T1 delivery (2018-2019) and the T4 capacity auction for 2021-2022 delivery will take place on 6th February. Those who have passed the prequalification stage must deliver a Financial Commitment Milestone report within 18 months of the

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What are the benefits of an energy bureau service?

Energy Bureau Service

There are multiple benefits for an organisation to use an energy bureau. Here are some of the benefits for handing over responsibility of your invoices and your finance reporting to an outsourced office. Maximised Cost Recovery The main motivation for organisations to outsource is financial savings. Whilst huge savings are not guaranteed, a bureau service

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Are you ready for MEES?

Energy Performance Asset Rating

From April 2018, a new legal standard for minimum energy efficiency will apply to rented commercial buildings. These changes will make it unlawful to rent or lease a commercial property with an Energy Performance Certificate (EPC) rating below an E. This will expand to include all privately rented property from 1st April 2023. What is

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