Headlines It was a largely bullish week for gas and power markets this week, with exceptions on the day-ahead baseload power contract. Day-ahead gas rose 10.7% to 61.75p/th, supported by a consistently colder week, ultimately offsetting periods of system oversupply. Day-ahead power fell 7.5% to £62.00/MWh, weighed upon by strong and consistent wind generation throughout …

Ofgem’s Targeted Charging Review (TCR) initiative aims to modernise the electricity network and transform the management of the National Grid. The changes which address the way Distribution and Transmission charges are allocated are expected to save consumers between £4-5bn over the period to 2040. Despite the ambitious cost saving forecasts, the move isn’t without controversy. …

Headlines It was a mixed week in terms of pricing fundamentals across gas and power markets this week, with majority of baseload power contracts rising, with the opposite said for gas contracts. Day-ahead gas fell 1.7% to 55.80p/th, following periods of system oversupply, strong LNG sendout and warmer weather. Conversely, day-ahead power rose 2.3% to …

Headlines It was a collectively bullish week for gas and power contracts this week, building on price rises in recent weeks. Day-ahead gas rose 7.5% to 56.75p/th, following higher gas for power demand at the weeks start amid colder temperatures. Day-ahead power fell 1.5% to £65.5/MWh, on wavering demand as the week progressed and steadily …

Headlines It was a largely bullish week again for gas and power contracts this week. Day-ahead gas rose 3.5% to 52.80p/th, supported by the colder weather experienced across the UK in recent days. Day-ahead power increased 16.7% to £66.5/MWh, following gains made on the gas near curve, whilst also supported by low wind output throughout …

Following the recent changes in Heat Network legislation to encourage the decarbonisation of district heat networks, we have launched a service to support organisations in assessing their compliance and mitigating the impact on their time and resources. Our new Heat Network Notification service can help organisations understand if they are required to comply with the …

Headlines Last week was largely bullish GB for gas and power markets, with some exceptions in longer-dated contracts across gas and power. Day-ahead gas rose 9.7% to 51.00p/th, supported by gradually declining temperatures as the week progressed and delayed LNG tanker arrivals into GB. Similarly, day-ahead power jumped 19.4% to £57.00/MWh, following the gas curve …

Headlines It was a largely bullish week for gas and power contracts, with some exceptions in day-ahead power and longer-term seasonal power contracts. As such, day-ahead power fell 24.9% to £47.75/MWh, with strong wind generation throughout periods of the week, coupled with wavering demand. Most seasonal power contracts declined this week, down on average by …

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Headlines It was a largely bearish week for gas and power markets this week. Day-ahead gas fell 6.4% to 43.80p/th, as the system ended the week oversupplied amid high levels of LNG send-out, while Asian LNG prices also fell. Similarly, day-ahead power fell 5.1% to £63.58/MWh, following gas prices lower and forecasts of higher wind …

Headlines Gas and power contracts experienced bullish price movements this week. Day-ahead gas rose 4.7% to 46.80p/th, generally benefitting from reduced temperatures expected at the start of next week and forecast weaker wind generation, resulting in increased gas-for-power demand as a result. Day-ahead power remained static at £67.00/MWh, comparing Friday-on-Friday price movements. Increased wind generation …

As we see a pathway out of the pandemic, TEAM’s Head of Consultancy, Timothy Holman examines what the Government’s net zero ambition really means to UK businesses and, in a countdown to the climate change summit, COP26, considers how they can be part of the journey to decarbonisation. Two years ago, when the UK became …

Headlines It was a largely bullish week for gas and power contracts this week. Day-ahead gas rose 9.3% to 44.70p/th, as the system was largely undersupplied for the majority of the week. Day-ahead power similarly rose, lifting 1.6% to £67.00/MWh, following tight supply margins, with periods of correlated low wind output. April 21 gas was …

Headlines It was a relatively bearish week again for gas and power contracts this week, with the exception of the day-ahead power contract and near-term peak power. Day-ahead power rose 14.7% to £65.95/MWh, with forecasts of notably reduced wind generation expected next week. Alternatively, Day-ahead gas fell 6.5% to 40.90p/th, following the system being oversupplied …

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Headlines It has been a largely bearish week for gas and power contracts this week, with some exceptions on longer term seasonal power contracts. Day-ahead gas fell 4.9% to 43.75p/th, following the subsidence of Storm Darcy and the associated cold weather front, leaving much warmer temperatures across much of the UK, reducing gas demand. Day-ahead …

Headlines It has been a largely bearish week for both gas and power contracts, with some exceptions in seasonal summer contracts on the forward curve. Day-ahead gas fell 13.6% to 46.00p/th, with an oversupplied system at the week’s start and higher temperatures forecast for next week. Day-ahead power fell 7.4% to £57.4/MWh, following the gas …

COVID-19 has forced everyone to rethink their relationship with technology. As organisations have found themselves forced into accelerating their plans for digital transformation to enable remote working and continue operating effectively, if you haven’t already, now is the time to consider how digital can support your energy management. There are numerous benefits to digitising your …

Headlines It has been a relatively mixed week in terms of pricing fundamentals for both gas and power markets. Most seasonal contracts saw price rises, while short-term and day-ahead contracts declined. Day-ahead gas fell 9.7% to 53.25p/th, with a period of warmer weather at the start of the week coupled with system oversupply. Similarly, day-ahead …

Headlines This week has seen mixed price movements, with prices leaning towards bearish. Day-ahead gas fell 3.3% to 59.00p/th, afflicted by periods of warmer weather, particularly at the week’s start. Day-ahead power fell 28.5% to £71.5/MWh, with increased wind generation experienced for large parts of the week, coupled with reduced demand in parallel and the …

2021 is expected to be a big year for climate action; with COP 26 in November and the UK Government’s target to achieve carbon net-zero by 2050 an ever-present message, there is pressure on organisations to ensure they are becoming consciously sustainable and on the pathway to decarbonisation. As the UK’s leading energy and sustainability …

Headlines It has been a largely bullish week for gas and power price contracts, with exceptions coming from longer dated contracts. Day-ahead gas rose 1.7% to 61.00p/th, following forecasts of near-zero temperatures forecast early next week and periods of increased demand expected. Day-ahead power rose 52.9% to £100.00/MWh, following a notable drop off in wind …

Headlines This week has seen mixed pricing fundamentals for both gas and power contracts. Day-ahead gas fell 2.8% to 60.00p/th, with temperatures increasing slightly towards seasonal normal levels, as well as periods of system oversupply. Day-ahead power fell 4.2% to £65.4/MWh, despite strong gains made throughout the week with tight supply margins and low levels …

Covid-19 has disrupted organisations for the best part of 2020. Whilst it is clear that the pandemic is not behind us, and 2021 has not started quite as we hoped, organisations can still utilise their energy data and tools to support their green ambitions and ongoing recovery. Using insights gained from the last year can …

Headlines Most power and gas contracts continue to follow bullish trends as observed prior to the Christmas break. Day-ahead power rose 6.6% to £68.25/MWh, finding support from tight supply margins, amid periods of low generation availability and high demand, with two Electricity Margin Notice (EMN) issued in the week on Wednesday and Friday. Day-ahead gas …