Wholesale Energy Market Review 23 August

Energy Wholesale Market View

Headlines The majority of baseload power and gas contracts fell this week, with winter 19 power dropping to £52.1/MWh, the lowest since 4 May 2018, while winter 19 gas ended the week at 46.8p/th, the lowest since 2 August 2017. However, day-ahead power and gas contracts rose, with the former up 14.8% to end the

Read more

Wholesale Energy Market Review 16 August

Energy Wholesale Market View

Headlines Nearly all wholesale power and gas contracts moved lower this week. Day-ahead power dropped to £35.7/MWh, the lowest since 31 May and was pressured by forecasts of higher wind over the weekend and early next week, at 10.0GW on Sunday and 6.3GW on Monday. Both September and October 19 power moved to three-week lows

Read more

Wholesale Energy Market Review 9 August

Energy Wholesale Market View

Headlines The majority of wholesale power and gas contracts were lower week-on-week, supported by the end of maintenance at gas fields in the UKCS and Norway, whilst higher wind generation towards the end of the week pressured power prices. Day-ahead power was down 3.9% to end the week at £41.1/MWh, while day-ahead gas dropped 8.2%

Read more

Getting involved in the Government’s CHPQA scheme: What are the benefits?

Streamlined Energy and Carbon Reporting framework

As well as helping each of our customers build a successful and optimised energy management service, we are committed to ensuring our clients make the most out of government schemes and initiatives. One of these initiatives is the Combined Heat and Power Quality Assurance programme (CHPQA). Playing a crucial role in the UK Climate Change

Read more

Wholesale Energy Market Review 2 August

Energy Wholesale Market View

Headlines This week, gas contracts experienced mixed movements, while all baseload power contracts rose. Day-ahead gas was up 9.3% at 30.5p/th, supported by maintenance reducing flows from UKCS. This was despite the gas system ending the week oversupplied by 24mcm/d, due to the rerouting of Norwegian gas to the UK. Seasonal gas contract movements were

Read more

ISO 27001 and Cyber Essentials Plus certification to bolster security

ISO 27001 and Cyber Essentials Plus certification

With a promise to our customers to “meet all security needs and safeguard their information assets”; we have completed certifications for Information Security Management System, ISO 27001 and Cyber Essentials Plus. ISO 27001 is one of the most widely recognised and internationally accepted information security standards. By implementing this framework, we have embedded a comprehensive

Read more

Wholesale Energy Market Review 26 July

Energy Wholesale Market View

Headlines This week, nearly all power and gas contracts dropped week-on-week, with only day-ahead power rising as record breaking temperatures increased cooling demand. Warmer temperatures also supported API 2 coal prices to a three-month high, which in turn saw higher demand for EUAs and lifted EU ETS carbon prices to a 13-year high just below

Read more

Sigma Spotlight – Data Monitoring

Monitoring & Targeting

Utility costs can be the second or third largest cost for an organisation, and often the one under a lot of scrutiny from a budget cutting and sustainability point of view. Having the right tools to help you manage, control and reduce energy usage is paramount. We can’t support our customers to build an optimised

Read more

Sigma Energy Management software now available on G-Cloud 11 Framework

Our enterprise-class energy management software, Sigma, is now available to public sector organisations throughout the UK as part of the Crown Commercial Services (CCS) G-Cloud 11 Framework Agreement. Public sector organisations looking for a cost-effective and efficient way to purchase IT services can now use the framework to access our energy management solutions. G-Cloud 11

Read more

Wholesale Energy Market Review 19 July

Energy Wholesale Market View

Headlines All power and gas contracts fell, reversing the previous week’s gains. Gas contracts were down following the end of unplanned outages, an increase in production from UKCS and a decline in Brent crude oil prices. Day-ahead gas was down 14.0% to 29.6p/th. The contract started the week at a three-month high of 38.3p/th, as

Read more

Wholesale Energy Market Review 12 July

Energy Wholesale Market View

Headlines All baseload power and gas contracts rose this week. Wholesale prices followed a recovery in EU ETS carbon, Brent crude oil and API 2 coal, with the former setting a fresh 11-year high. Prices were further supported by an undersupplied gas system following unplanned outages in Norway, while weaker wind generation led to an

Read more

Outsourcing energy management: getting it right for you

TEAM Bureau

Utilities can often make-up a significant part of a business’s budget. Costs can quickly mount when you take into consideration the additional outlay of operational overheads, stretched resources and increasing bills. As an energy services provider, in recent years we have seen a step-change in a growing number of organisations strategically choosing to outsource their

Read more

Energy management: where to begin

Energy Saving Opportunity (ESOS) Scheme

Over the next 12 months we are going to guide you through the process of establishing an energy management strategy that is fully embedded in your organisation. It’s a process like any other and in this introductory strategic overview we want to give you the basic secrets to success; knowledge, power and resilience. Knowledge This

Read more

Wholesale Energy Market Review 5 July

Energy Wholesale Market View

Headlines This week, the majority of baseload power and gas contracts moved lower. However, near-term contracts including day-ahead and month-ahead gas and power contracts rose from last week, with tighter gas supplies and lower wind generation the main drivers. The day-ahead contract was up 12.6% to end the week at £40.7/MWh, a two-week high, while

Read more

Compliance Comparison: DECs and EPCs

Display Energy Certificates: A closer look

When we’re talking about our products and services, we often default to using acronyms like they are actual words. Our sector is saturated with new policies and legislations, all presented with long titles, so it’s inevitable that the acronyms themselves can get mixed up. Lately, we’ve been answering lots of enquiries about Display Energy Certificates

Read more

Wholesale Energy Market Review 28 June

Energy Wholesale Market View

Headlines The majority of wholesale power and gas contracts fell week-on-week, as above seasonal normal temperatures caused by winds from the Sahara, led to weaker demand for gas, whilst power prices were pressured by an uptick in wind generation. Amid the record-breaking temperatures, day-ahead gas dropped to a two-year low of 25.2p/th on 26 June,

Read more

Achieving energy sustainability: what difference can energy professionals really make?

Abigail Basketter, Energy Services Coordinator

Abigail Basketter provides an energy professional’s honest reflections on the challenge of tackling climate change against commercial and legislative pressures. If there is a traditional route into energy management, I didn’t take it, but I knew I had a focus and passion for the environment and addressing the impact we as humans have on its

Read more

Wholesale Energy Market Review 21 June

Energy Wholesale Market View

Headlines Baseload power contracts up to and including winter 19 power were down week-on-week, whilst contracts beyond this rose. Power prices mirrored their gas counterparts as warmer temperatures are expected next week. The day-ahead contract was 3.2% lower at £38.0/MWh, a fresh two-week low. Q319 power decreased 3.1% week-on-week to £39.4/MWh. This is the first

Read more

TEAM and EDW compete in charity fundraising Dragon Boat Festival

TEAM and EDW Dragon Boat crew

At the weekend TEAM and EDW Technology entered a team in the annual Milton Keynes Dragon Boat Festival as part of an exciting charity fundraiser. Milton Keynes Dragon Boat Festival brought together 35 local businesses to compete in a series of fun and fast races. Our team, the Electric Dragon Warriors, raced against other businesses

Read more

Top ten energy-saving tips for cooling this summer

It’s still debatable as to whether we’ll enjoy the same hot summer we had last year. But you never can tell when we might hit a heatwave. So, it’s worth making some preparations to make your working environments more comfortable and energy efficient. When it gets hot outside, it’s tempting to reach straight for the

Read more

Wholesale Energy Market Review 14 June

Energy Wholesale Market View

Headlines The majority of baseload power contracts fell week-on-week, with near-term contracts up to and including August 19 power unchanged. The day-ahead contract was unchanged week-on-week at £39.3/MWh, having risen to a two-week high of £40.5/MWh on 11 June as low wind generation was expected the following day. All seasonal power contracts moved lower, falling

Read more

New Service Delivery Manager for the Bureau Service

Caroline Richards TEAM Service Delivery Manager

Caroline Richards is the latest addition to our ongoing evolution of the Energy Bureau service. She has been employed to manage a number of customer relationships in line with our customer service plan. With 30 years of industry experience, Caroline has a strong background in customer service and has led teams of up to 80 people.

Read more

Wholesale Energy Market Review 7 June

Energy Wholesale Market View

Headlines The majority of baseload power contracts fell week-on-week, with only day-ahead power rising. The contract gained 10.3% week-on-week to £39.3/MWh, following its gas counterpart higher amid cooler temperatures and low wind generation. All seasonal power contracts moved lower, falling 1.0% on average. Winter 19 power declined 1.4% to £55.8/MWh at the end of the

Read more

Wholesale Energy Market Review 31 May

Energy Wholesale Market View

Headlines All wholesale power and gas contracts fell week-on-week. Gas prices have been pressured by forecasts of warmer weather amid comfortable gas supplies, which, combined with a drop in Brent crude oil prices, pushed both day-ahead and winter 19 gas contracts to one-month lows of 27.5p/th and 53.0p/th respectively. Month-ahead gas was down 6.7% to

Read more

Wholesale Energy Market Review 24 May

Energy Wholesale Market View

Headlines Near-term power and gas contracts decreased this week, amid an oversupplied gas system and decreasing demand. Most seasonal contracts moved higher, despite a fall in global commodity prices. Day-ahead gas slipped 1.8% to 29.9p/th, with strong flows from Norway and healthy LNG send-out. Month-ahead gas lost 1.8% to 30.2p/th and July 19 gas fell

Read more

Wholesale Energy Market Review 17 May

Energy Wholesale Market View

Headlines Near-term power and gas contracts decreased this week, amid warmer temperatures and an oversupplied gas system. Seasonal contracts diverged with gas prices following oil prices higher, while power prices were pressured by falling EU ETS carbon prices. Most baseload power contracts decreased this week, with near-term contracts mirroring their gas counterparts and seasonal contracts

Read more

Are you getting value from your Recommendation Report?

Are you getting value from your Recommendation Report

As part of our Display Energy Certificate (DEC) service, we are required to issue a Recommendation Report alongside the DEC if one is not currently in place or the existing one has expired. A Recommendation Report contains specific energy-saving measures that were identified as part of a site survey. They are valid for seven years

Read more

Wholesale Energy Market Review 10 May

Energy Wholesale Market View

Headlines The majority of power and gas contracts rose week-on-week, as cooler temperatures and a recovery in EU ETS carbon supported prices. All near-term baseload power contracts rose, with day-ahead power recovering from recent declines, rising 9.1% to end the week at £46.8/MWh, a near one-month high. Nearly all seasonal power contracts rose, up 1.7%

Read more

Wholesale Energy Market Review 3 May

Energy Wholesale Market View

Headlines The majority of wholesale power and gas contracts were lower week-on-week, as a comfortable gas supply outlook and a fall in Brent crude oil prices pushed contracts lower. Forecasts of temperatures well below seasonal normal levels early in May supported day-ahead gas prices, however, this did not feed into day-ahead power prices which followed

Read more

Sigma Spotlight – Monitoring & Targeting

Monitoring & Targeting

The role Sigma can play in your M&T We are all aware of the versatile energy management technique Monitoring and Targeting (M&T), which is based on the principle of “you can’t manage what you don’t measure”. M&T enables you to simply and continually measure, understand and optimise your energy consumption. The technique supports: The detection

Read more

What are the Energy Performance of Building Regulations (EPBR)?

Energy Surveys and Data Validation

In 2002 the EU Directive on the energy performance of buildings was introduced. The notion was to make people aware of the impact of climate change and reduce the energy consumption of buildings and carbon emissions. The principle behind the Energy Performance of Buildings Regulations (EPBR) is to make the energy efficiency of a building

Read more

New Data Leader joins our Bureau Service

Alpa Patel

Alpa Patel has recently joined the Energy Bureau team in the latest revision to the ongoing growth of the service. She has been hired to head up the Data Management team that is responsible for the quality of customer data processing and payment files. With 19 years of industry experience, Alpa has managed teams at

Read more

Wholesale Energy Market Review 26 April

Energy Wholesale Market View

Headlines Wholesale power and gas contracts experienced mixed movements week-on-week. All near-term wholesale power and gas contracts fell, amid comfortable gas supplies and above seasonal normal temperatures. Contracts further along the curve were supported by a further recovery in Brent crude oil, which went above $75/bl for the first time in five months. All near-term

Read more

Display Energy Certificates: a closer inspection

Display Energy Certificates: A closer look

The purpose of a DEC (Display Energy Certificate) is to exhibit the energy performance and the efficiency of a building to members of the public and building users. This is illustrated in a simple graph format on a scale of A-G. If you’re new to energy management, looking after a public building, or have never

Read more

Wholesale Energy Market Review 18 April

Energy Wholesale Market View

Headlines All wholesale gas contracts fell week-on-week, as the return of gas flows from Norway boosted supplies and weaker demand was expected amid forecasts of warmer weather over Easter weekend. Day-ahead gas dropped 10.6% to 35.3p/th. The contract ended the week 31.9% lower than the same time last year when it was 51.8p/th. All seasonal

Read more

Top tips on making your ESOS Phase 2 as painless as possible

Energy Saving Opportunity (ESOS) Scheme

Our Energy Savings Opportunity Scheme (ESOS) team has already started work on ESOS audits for a wide variety of organisations ranging from the legal, financial and engineering sectors to charitable and research institutions. To try and assist those who are thinking about how to structure and plan their own ESOS compliance, we have put together

Read more

Wholesale Energy Market Review 5 April

Energy Wholesale Market View

Headlines Wholesale power and gas contracts reversed recent trends and moved higher this week. Despite the arrival of seven LNG tankers during the first week of April, the gas system was undersupplied on Friday following a drop in flows from Norway. All baseload power contracts rose week-on-week, following gas counterparts up, while weaker wind generation

Read more

Paving the way for accurate and transparent tenant billing with our latest product launch

Sigma Tenant Billing Software

We’re delighted to announce the development of our software portfolio with the launch of our next generation Sigma Tenant Billing solution. The application enables organisations to accurately and efficiently apportion utility costs between tenants, cost centres or departments delivering transparent accountable billing. The flexible and reliable solution seamlessly integrates with existing energy management systems, delivering

Read more

Wholesale Energy Market Review 29 March

Energy Wholesale Market View

Headlines All near-term (up to and including summer 19) power and gas contracts fell this week as gas supplies are forecast to remain comfortable as we move into summer, whilst several LNG tankers are scheduled to arrive in the first week of April. All near-term baseload power contracts, up to and including summer 19, fell

Read more

SECR and data: where do I start?

Streamlined Energy and Carbon Reporting framework

When it comes to the Streamlined Energy and Carbon Reporting (SECR) framework, all qualifying businesses are required to report on their annual emissions and provide a narrative commentary of any energy efficiency actions. Provided within the Environmental Report Guidelines, which were updated earlier this year, this table gives the basics of what you need to

Read more

There is more to outsourcing your bill validation than you think

How have our internal changes affected our outsourced Bureau service?

It’s true that people use an outsourced energy bureau to maximise their cost recoveries. Our customers recover five times more on average than the cost of the service. A typical service that we provide includes managing, checking and processing your utility bills, verifying your energy data, and negotiating with utility suppliers for cost recoveries. But

Read more

Wholesale Energy Market Review 22 March

Energy Wholesale Market View

Headlines Wholesale power and gas contracts fell across the board this week, with many contracts hitting new lows. Day-ahead gas fell to a 20-month low as comfortable supplies and mild temperatures continued. This trend drove day-ahead power prices to a 17-month low, despite lower wind generation. All baseload power contracts fell week-on-week. Day-ahead power was

Read more

Wholesale Energy Market Review 15 March

Energy Wholesale Market View

Headlines All wholesale power and gas contracts fell week-on-week, with day-ahead gas dropping to a 20-month low as comfortable gas supplies and mild temperatures continue. Falling gas prices and strong wind generation drove day-ahead power prices to 18-month lows. All baseload power contracts fell week-on-week. Day-ahead power was down 1.0% to end the week at

Read more

How we can help organisations paint the best year-end picture?

How have our internal changes affected our outsourced Bureau service?

For many organisations, the year-end is April and for many organisations, budgets are set based on what the spend was for the previous year. This is the case for council and NHS trusts. Due to pressures of budget cuts, it’s especially important for them to present the most accurate figures on their energy spend. It

Read more

Wholesale Energy Market Review 8 March

Energy Wholesale Market View

Headlines Nearly all wholesale power and gas contracts fell week-on-week. Whilst day-ahead power was unchanged at £48.0/MWh, day-ahead gas dropped to fresh 17-month lows as comfortable gas supplies and mild temperatures continued in early March. Gas prices were further pressured by a slip in Brent crude oil prices. Nearly all near-term baseload power contracts fell

Read more

Climate Change Levy. It’s coming for you….

TEAM Energy Services

You may have been fortunate, falling under the radar for all sorts of environmental legislation, to have never had to learn the acronyms CRC, ESOS, DEC, GHG. However, this next one is one you will have to learn. CCL – the Climate Change Levy is coming for you, it’s coming for everyone. CCL has been

Read more

Wholesale Energy Market Review 1 March

Energy Wholesale Market View

Headlines This week, wholesale power and gas contracts experienced mixed movements, as most contracts beyond the month-ahead rose week-on-week. Day-ahead power and gas contracts have fallen week-on-week amid record high winter temperatures and comfortable gas supplies, despite low wind generation during the week. Nearly all baseload power contracts rose week-on-week. Day-ahead power was an exception,

Read more

The new Streamlined Energy and Carbon Reporting framework

Streamlined Energy and Carbon Reporting framework

What does it mean for you? The new Streamlined Energy and Carbon Reporting framework (SECR) comes into force on 1 April this year. It contributes to the government’s Clean Growth Strategy which encourages business and industry to reduce their energy production by 20% by 2030. Building on existing mandatory greenhouse gas emissions reporting and the

Read more

Wholesale Energy Market Review 22 February

Energy Wholesale Market View

Headlines Nearly all wholesale gas and power contracts fell this week, with day-ahead power the only exception amid forecasts of lower wind generation next week. Wholesale prices have continued to be pressured by milder temperatures, lower demand and comfortable gas supplies, despite three-month high Brent crude oil prices. However, day-ahead power rose 1.2% to end

Read more

How our energy Bureau has been transformed to work harder for you

How have our internal changes affected our outsourced Bureau service?

It’s been over 12 months since we undertook a business improvement project that included a thorough business process analysis of our Bureau services department. This analysis, coupled with the implementation of a management information tool and an increase to staff volume by 25%, led to significant improvements within the Bureau. A key part of this

Read more

Wholesale Energy Market Review 15 February

Energy Wholesale Market View

Headlines All wholesale gas and power contracts fell this week. Prices continue to be pressured by milder temperatures, lower demand and comfortable gas supplies. This fall was despite a recovery in Brent crude oil prices which went above $65/bl for the first time since November 2018. All baseload power contracts fell week-on-week, following their gas

Read more

Wholesale Energy Market Review 8 February

Energy Wholesale Market View

Headlines All gas contracts fell this week, whilst power contracts experienced mixed movements. Prices were pressured by milder temperatures, lower demand and comfortable gas supplies this week. Day-ahead power dropped 1.4% to end the week at £53.8/MWh. The contract had fallen to an eight-month low of £50.8/MWh on 7 February as storm Erik was expected

Read more

Wholesale Energy Market Review 1 February

Energy Wholesale Market View

Headlines All wholesale power contracts and most gas contracts fell this week. Prices were pressured by forecasts of nearer seasonal normal temperatures in February, easing demand, comfortable gas supply margins, and falling commodity prices. All baseload power contracts fell week-on-week. Day-ahead power dropped 8.4% to a seven-month low of £54.5/MWh, following its gas counterpart lower.

Read more

Wholesale Energy Market Review 25 January

Energy Wholesale Market View

Headlines All wholesale power and gas contracts fell this week. Prices have been pressured towards the end of the week by forecasts of warmer temperatures over the weekend, falling commodity prices and a well-supplied gas system. All baseload power contracts fell, with day-ahead power down 7.5% to end the week at £59.5/MWh, weighed on by

Read more

What’s the price you are setting for your energy use this year?

Budget setting? Let TEAM Energy help

Energy budget setting is not easy when the cost of electricity and gas is an ever-changing picture. To help make your energy budget setting a more accurate and simple process, here are a few tips. 1. Maximise the accuracy of your historical data Inevitably, a large part of estimating for the future involves looking back

Read more

Wholesale Energy Market Review 18 January

Energy Wholesale Market View

Headlines All wholesale power and gas contracts rose this week. Prices have been supported by the recovery of commodity prices, below seasonal normal temperatures and tighter supply margins amid nuclear outages and weaker wind generation. With half of UK nuclear capacity offline due to planned and unplanned outages this week, day-ahead baseload power was up

Read more

Wholesale Energy Market Review 11 January

Energy Wholesale Market View

Headlines Wholesale power and gas contracts experienced mixed movements this week, as most baseload power contracts and near-term (up to and including summer 19) gas contracts followed EU ETS carbon and API 2 coal prices lower, whilst recovering Brent crude oil prices pushed seasonal gas contracts up. Most baseload power contracts fell, with day-ahead, winter

Read more

Sigma’s evolutionary journey in 2018

Monitoring & Targeting

As we launch the 2019 roadmap for Sigma, now is a good time to reflect on the journey so far. When EDW Technology acquired TEAM in 2017, they promised to make significant changes for our flagship energy management software, Sigma. Release 10 In spring 2018, a major architectural update delivered a brand-new look Sigma with

Read more

New Operations Manager to lead our Bureau Service

Robert Webb, Operations Manager

Rob Webb recently joined TEAM to head up our newly restructured Energy Bureau service. He has been hired to deliver our primary focuses for the Bureau service which includes reinforcing data quality, boosting operational efficiency, and driving up cost recovery rates. Rob has spent the past few weeks working with the Bureau team and establishing

Read more

Wholesale Energy Market Review 4 January

Energy Wholesale Market View

Headlines Nearly all wholesale power and gas contracts fell week-on-week, with day-ahead peak power the exception, up 1.7% to £68.2/MWh. Day-ahead power fell 0.6% to end the week at £62.1/MWh, amid forecasts of higher wind generation early next week. The new month-ahead (February 19) power contract also dropped, ending the week at £63.9/MWh, whilst March

Read more
  • Blog & News Archive

    • 2019 (60)
    • +2018 (59)
    • +2017 (32)
    • +2016 (33)
    • +2015 (57)
    • +2014 (26)
    • +2013 (13)
    • +2012 (8)
    • +2010 (1)