Wholesale Energy Market Review 03 July 2020

Energy Wholesale Market View

Headlines Nearly all GB gas and power contracts increased this week. Day-ahead power was the only exception, falling 4.6% to £26.00/MWh, with high levels of wind generation towards the end of the week weighing on the contract. The new month-ahead contract (August) gained .3% to £32.10/MWh and the September contract rose 2.0% to £34.99/MWh. Seasonal

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Wholesale Energy Market Review 26 June 2020

Energy Wholesale Market View

Headlines Gas and power contracts saw mixed movements this week, following the strong gains made last week. Day-ahead gas fell 5.6% to 13.45p/th, following lower gas demand towards the end of the week amid high temperatures and strong renewable output. Day-ahead power fell 6.8% to £27.25/MWh on strong wind generation forecasts for the early parts

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How can a back to work energy survey help your organisation?

As more organisations are set to return to work alongside the latest guidance from the UK government, energy professionals will be reopening their estates. In this blog our Energy Consultant, Juan Garcia, explores how energy professionals can use back to work energy surveys to ensure they are reopening their buildings optimally. Providing insights into how

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Wholesale Energy Market Review 19 June 2020

Energy Wholesale Market View

Headlines Most power and gas contracts rose this week, as the UK government moved the coronavirus alert level down from four to three. Day-ahead gas rose 3.6% to 14.25p/th following a rise in gas consumption throughout the week. Day-ahead power fell 0.8% to £29.25/MWh, though higher wind generation early next week will add weight to

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Achieving net zero: we need a new normal

Looking ahead to a future post the COVID-19 pandemic, Tom Anderton, Head of Customer Success, considers how organisations will need to navigate and adapt to a new normal to meet climate targets. We are without a doubt experiencing a period of unprecedented disruption. There’s not one person, organisation or sector that hasn’t been affected; and

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Wholesale Energy Market Review 12 June 2020

Energy Wholesale Market View

Headlines Contracts in the GB energy market saw mixed direction this week, as colder weather and easing lockdown restrictions added some upward pressure to prices. Day-ahead gas rose 7.8% to 13.75p/th on forecasts of higher gas-for-power owing to French nuclear outages next week. Day-ahead power rose 1.7% to £29.5/MWh and was also affected by the

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Wholesale Energy Market Review 5 June 2020

Energy Wholesale Market View

Headlines Most power and gas contracts rose this week, potentially marking a change of course for the GB energy market. Day-ahead gas rose 45.7% to 12.75p/th on forecasts of colder weather next week that will spark a rise in gas demand. Day-ahead power rose 20.8% to £29.00/MWh with a higher gas price, and as forecasts

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Wholesale Energy Market Review 29 May 2020

Energy Wholesale Market View

Headlines Most power and gas contracts rose this week, driven higher by a recovery in their respective day-ahead contracts. Day-ahead gas rose 27.7% to 8.75p/th as gas-for-power demand recovered from the low levels seen late last week. Day-ahead power rose 11.6% to £24.00/MWh, following a significant drop in wind generation compared to the end of

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10 top tips for energy professionals when reopening your estate

Giles Davies, TEAM Energy Consultant

In light of the recent advice from the Government given to organisations across the UK, we are starting to see a number of businesses slowly reopen to both their workforce and the public. The process of re-opening commercial buildings and estates will come with its own challenges for energy professionals in ensuring it is done

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Wholesale Energy Market Review 22 May 2020

Energy Wholesale Market View

Headlines Gas and power contracts saw mixed movements this week, with the price of nearer-term contracts falling as a result of continued low demand, whilst there were bullish signs for the majority of seasonal power contracts. Day-ahead gas fell 46.7% to a 14-year low of 6.85p/th as extremely low gas-for-power demand weighed on prices. Day-ahead

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Energy management series: Find meaning in your data

People discussing energy

In the previous energy management blog, we talked about quality data being the starting point for an efficient energy strategy. So, now that you have a secure and reliable set of data for a defined period, the next stage is to make effective and proactive use of it. There are a variety of ways to

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Wholesale Energy Market Review 15 May 2020

Energy Wholesale Market View

Headlines Mixed movements were observed in GB wholesale gas and power markets this week; near-term contracts continued to decline on low consumption forecasts amid the coronavirus, while several further reaching contracts followed global commodities higher, with some analysts predicting a quicker bounce-back in demand than was previously expected. Day-ahead gas fell 14.3% to 12.85p/th as

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Wholesale Energy Market Review 11 May 2020

Energy Wholesale Market View

Headlines GB power and gas prices saw mixed movements last week, with several gains in contracts which had previously seen sustained losses amid the COVID-19 outbreak. Day-ahead gas (for delivery last Friday) rose 10.3% to 15.00p/th despite much warmer weather towards the end of last week. The day-ahead power contract followed gas movements and rose

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Wholesale Energy Market Review 1 May 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week as the UK remained under lockdown, muting demand across the country. Day-ahead gas was an exception and rose 20.9% to 13.60p/th following slightly lower temperatures towards the end of the week. Day-ahead power opposed gas and fell 1.4% to £25.25/MWh as a result of higher wind

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Wholesale Energy Market Review 24 April 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell again this week as lockdown measures continued to stifle both power and gas demand. Day-ahead gas fell 17.3% to 11.25p/th, with higher LNG send-out pressuring prices amid an oversupplied as market. Despite falling to a record low of £10.00/MWh early this week, day-ahead power opposed gas and ended the

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Wholesale Energy Market Review 17 April 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week, though some small gains were seen in longer term power contracts. Day-ahead gas fell 12.0% to 13.60p/th on slightly milder temperatures forecast for next week, with oversupply of gas in the market continuing to rise. Day-ahead power fell 21.5% to £22.25/MWh, despite forecasts of lower wind

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Wholesale Energy Market Review 9 April 2020

Energy Wholesale Market View

Headlines Most power and gas contracts rose this week despite no change to lockdown measures announced in the UK. Day-ahead gas fell 3.4% to 15.45p/th on expectation of high temperatures and lowered demand over the Easter bank holiday. Day-ahead power opposed its day-ahead gas counterpart and rose 53.2% to £28.35/MWh. Recovering from an all-time low

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Wholesale Energy Market Review 3 April 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell mixed this week, though a few rises were seen in future winter contracts. Day-ahead gas fell 16.0% to a fresh 10-year low of 16.00p/th on forecasts of decreasing consumption levels, and pushed lower by expectations of very mild weather next week. Day-ahead power fell 36.2% to a new

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10 top tips for becoming more energy efficient while working from home

During this current climate, many of us will be working from home. As a result, we may see our domestic energy bills rise as we turn our heating up during the day and begin to use our appliances more frequently. To help you save energy and manage the increase in your bills, we have spoken

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Smart businesses embrace SECR

TEAM Energy Management, Bureau and Consultancy

The Streamlined Energy and Carbon Reporting (SECR) framework has brought environmental reporting and its benefits to the fore for many more organisations. Businesses carrying out environmental reporting for the first time may not see the potential benefits, but rather view the new legislation as a burden and a box-ticking exercise to avoid non-compliance. From a

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Wholesale Energy Market Review 27 March 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell again this week, as a declining global economy has begun to reflect more heavily onto the UK energy market. A decline in forecast consumption and high than expected temperatures has seen day-ahead gas fall 22.6% to 19.05p/th, reaching more than a 10-year low on 27 March. Day-ahead power

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We’re here for you

TEAM Energy and EDW Technology

For 35 years our mission has been to work alongside our customers to help them build a successful and optimised energy management service. As a business, we pride ourselves on the level of service and support we deliver and strive to maintain. Our customers and the health and safety of our colleagues are our priority.

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10 top tips for energy professionals when shutting down your building

With the recent announcement made by the UK Prime Minister, Boris Johnson, your organisation may be shutting down the office for the foreseeable future. To help ensure this can be done as efficiently as possible, we asked our Senior Energy Consultant, Sam Arje, to share some advice on ensuring your office/building is running safely while

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Wholesale Energy Market Review 20 March 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week on declining demand and above seasonal normal temperatures. Day-ahead gas fell 5.4% to 24.60p/th despite a general undersupplied system this week on lowered LNG send-out. Day-ahead power fell 15.8% to £30.75/MWh, despite rising to above £37.00/MWh midweek, with highly fluctuating wind generation the driver behind such

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Wholesale Energy Market Review 13 March 2020

Energy Wholesale Market View

Headlines Most near-term power and gas contracts rose this week, while longer term forward contracts declined on the expected influence of the coronavirus on consumption and the wider economy. Day-ahead gas rose 6.6% to 26.00p/th, on forecasts that temperatures will drop from the seasonally high levels seen this week. Day-ahead power rose 9.8% to £36.50/MWh,

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Wholesale Energy Market Review 6 March 2020

Energy Wholesale Market View

Headlines Most power and gas contracts rose this week, with day-ahead power as the only exception. Day-ahead gas rose 1.7% to 24.40p/th following an increase gas demand. Day-ahead power fell 5.4% to £33.25/MWh despite reaching £43/MWh midweek as significant fluctuations in wind generation saw prices rise and fall this week. April 20 gas was up

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Is your air conditioning as efficient as possible?

Are you getting value from your Recommendation Report

Did you know that air conditioning is one of the most expensive appliances your organisation will run? This is why, as we head towards the warmer weather, now is a good time to make sure your system is working as efficiently as possible to help keep your summer air conditioning costs low, and your unit’s

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Wholesale Energy Market Review 28 February 2020

Energy Wholesale Market View

Headlines Most power and gas contracts decreased this week, reflecting the movements of the global economy, with the day-ahead contracts as the exceptions. Day-ahead gas rose 6.2% to 24.00p/th, as forecasts of a drop in temperatures saw a rise in expected gas demand. Day-ahead power followed gas and rose 6.8% to £35.15/MWh as forecasts of

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Wholesale Energy Market Review 21 February 2020

Energy Wholesale Market View

Headlines Most power and gas contracts rose this week as the UK domestic market reversed losses seen last week. Day-ahead gas rose 9.7% to 22.60p/th although an influx of LNG did see prices ease towards the end of the week. Day-ahead power rose 25.8% to £32.90/MWh, recovering from record lows to follow other markets higher

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Award winning energy and sustainability professional joins our energy consultancy

Sam Arje - TEAM Energy Consultant

Highly experienced energy project manager, Sam Arje, has joined TEAM to strengthen our suite of multi-discipline consultancy services to help customers realise their energy management needs and sustainability goals. Sam has over 15 years’ experience in project management; with 7 of those years dedicated to driving down energy consumption and carbon emissions for UK based

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New ESTA Automatic Monitoring and Targeting Guide Launched

ESTA Automatic Monitoring and Targeting Group

Members of the Energy Services and Technology Association’s Automatic Monitoring and Targeting Group (ESTA’s aM&Tg), have launched a new online guide to introduce and inform end-users on the importance of monitoring their energy. MonitoringEnergy.info is the home of a new guide on Automatic Monitoring and Targeting. The website provides an overview of aM&T for energy

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Wholesale Energy Market Review 14 February 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week as mild temperatures and Storm Ciara passed over the country. Day-ahead gas fell 9.5% to end the week at 20.60p/th. Prices were pushed down due to less gas-for-power demand and declining LNG prices and sunk to a five-month low of 20.40p/th on Thursday. Day-ahead power fell

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Wholesale Energy Market Review 7 February 2020

Energy Wholesale Market View

Headlines The majority of short-term power and gas contracts fell this week, with some future seasonal contracts gaining despite substantial losses seen in the day-ahead contracts. Day-ahead gas fell 7.3% to end the week at 22.75p/th, with forecasts of fluctuating temperatures seeing gas extend losses this week. Day-ahead power followed gas and fell 15.9% to

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Capacity Market: Some Key Dates For Your Diary

Capacity Market: Some Key Dates For Your Diary

Towards the end of last year, the European Commission reopened the Capacity Market. If you’re participating in the Capacity Market, the timelines are as follows T-1 delivery year 2020/2021 From 1 October 2020 to 30 September 2021 T-3 delivery year 2022/2023 From 1 October 2022 to 30 September 2023 T-4 delivery year 2022/2023 From 1

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Wholesale Energy Market Review 31 January 2020

Energy Wholesale Market View

Headlines All power and gas contracts fell this week with the domestic market reflecting the current bearish global markets. Day-ahead gas fell 9.7% to 24.55p/th to follow oil and LNG prices (which hit a 10-year low this week) lower, as an influx in LNG send-out ensured the market was well supplied. Day-ahead power fell 11.0%

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Sigma Spotlight – our 2019 highlights

Sigma Feature Summary

Throughout 2019 we delivered a number of new software solutions to meet the evolving needs of our customers and industry. The launch of our Tenant Billing solution and advanced Data Monitoring and Estate Management tools signaled a step-change in the evolution of the system. To coincide with the first software update of the year, we

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Energy management series: Where am I starting from?

We’ve broadened our consultancy expertise with latest appointments

The starting point for energy management is data and the most successful and efficient energy management strategy is to ensure that it is built on a foundation of good quality data. Good quality data is crucial for your business. It is the key to compliance, streamlined budgeting, and surpassing carbon reduction targets. It also provides

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Wholesale Energy Market Review 24 January 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week, driven down by several bearish factors. Day-ahead gas lost 5.9% to 27.20p/th, as greater wind generation later in the week weighed on prices. Day-ahead power dropped 8.1% to £35.40/MWh despite peaking above £40.00/MWh in the middle of the week due to low wind generation. February 20

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Wholesale Energy Market Review 17 January 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week as the mild weather continued into the second half of January. Day-ahead gas lost 1.5% to 28.90p/th, following EU ETS and LNG prices lower. Day-ahead power was an exception, and rose 6.5% to £38.50/MWh, following drop in wind generation at the end of the week. February

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New Key Account Manager to join our growing sales team

Highly experienced business development and key account manager, Nigel Addison-Evans, has joined TEAM Energy to drive our business development in the South-west. Nigel has over 20 years’ experience in sales, with 15 of those years dedicated to the energy sector working within strategic and corporate sales, managing large UK and global corporate customers. Nigel has

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Wholesale Energy Market Review 10 January 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week, with the day-ahead contracts as the exceptions. Day-ahead gas rose 2.1% to 29.35p/th, following an increase in Brent crude oil and Asian spot LNG prices, despite mild weather in the UK this week. Day-ahead power rose 6.3% to £36.15/MWh, with wind generation dropping midweek to leave

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Our advice for maximising your new year energy planning

We’ve broadened our consultancy expertise with latest appointments

The new year always feels like an opportunity for a new beginning, but this January is particularly bountiful for many in providing space for change and progress for those working in energy management. A number of key legislative requirements have finished – the ESOS Phase 2 deadline has passed and the CRC Energy Efficiency Scheme

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New Relationship Manager to join TEAM

Chris Davies TEAM Service Delivery Manager

A newly appointed Service Delivery Manager for our outsourced energy management customers. Chris Davies has been employed by us to manage a number of customer relationships in line with our customer service strategy, supporting the ongoing growth of our energy Bureau. Chris has an energy industry background and 15 years’ experience in customer service. He

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Wholesale Energy Market Review 3 January 2020

Energy Wholesale Market View

Headlines Most power and gas contracts fell this week, with only the day-ahead gas contract as the exception. Day-ahead gas rose 6.5% to 28.75p/th, following higher industrial consumption on return from the festive season. Day-ahead power fell 1.0% to £34.00/MWh with high wind generation throughout the week. February 20 gas was down 6.5% at 32.01p/th,

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New Year Energy Diet in Five Steps

Energy management series: who will be my buddy?

So, it’s no secret, a bit of excess at Christmas might well leave many needing to shed a few pounds in the weeks afterwards – it almost seems inevitable! A similarly inescapable truth seems to be that pounds are only ever added to energy bills; long term trends see prices go up, but not down.

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