Wholesale Energy Market Review 26 February 2021

Wholesale Market News

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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TEAM address the challenges of tenant billing with new suite of services

Our latest offering reinvents tenant billing, delivering sustainable and efficient property management. Since the launch of our flagship Sigma Tenant Billing software in 2019, we have been supporting commercial organisations to accurately and efficiently bill their tenants. Following the success of the software, we recognised there was a gap in the market for a more

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Wholesale Energy Market Review 19 February 2021

Wholesale Market News

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

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Wholesale Energy Market Review 12 February 2021

Wholesale Market News

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

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Harnessing digital for successful energy management

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

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Wholesale Energy Market Review 5 February 2021

Wholesale Market News

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

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Wholesale Energy Market Review 29 January 2021

Wholesale Market News

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

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TEAM enhances its Consultancy offering with a suite of new services

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

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Wholesale Energy Market Review 22 January 2021

Wholesale Market News

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

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Wholesale Energy Market Review 15 January 2021

Wholesale Market News

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

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Planning for 2021 and the pathway to green recovery

TEAM's Consultants

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

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Wholesale Energy Market Review 8 January 2021

Wholesale Market News

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

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