Headlines Near-term gas and power contracts moved lower this week ahead of the festive period. However, longer-term contracts continued to show gains. Day-ahead gas dropped 21.5% to 267.00p/th, with demand set to drop over the Christmas holiday period. Prices are still over 200.00p/th higher than the same time last year amid concerns over tight supplies, …

Headlines This week saw strong bullish price movements in both gas and baseload power contracts. Day-ahead gas rose 33.3% to 340.00p/th, following rising demand and renewed concerns surrounding Russian gas deliveries via the Nord Stream 2 pipeline. Day-ahead power jumped up 68.1% to £400.00/MWh, drawing on bullish momentum seen in near-term gas contracts and exacerbated …

Headlines Generally, wholesale energy prices underwent another strong week of price growth, with gains across all contracts in gas and baseload power, the outlier being the summer 24 gas contract. Day-ahead gas rose 9.9% to 255.00p/th, following select periods of system undersupply and lower Norwegian imports, after an unplaned outage at Troll gas field. Similarly, …

Headlines This week had yet another predominately bullish stance, with strong gains made across most gas contracts, including further along the forward curve. Similarly, power prices enjoyed consistent growth from the week previous, with losses on the day-ahead power contract the notable outlier. Day-ahead gas rose 3.1% to 232.00p/th, gaining support from the continuation of …

One of our Energy Services newest members, Tom McLeish, is now a registered Energy Conscious Organisation (EnCO) Consultant. He joins the organisation’s Head of Consultancy, Tim Holman, and Senior Consultants, Helder Galrinho and Sam Arje, who is also an EnCO Practitioner, helping organisations change their approach to energy management. The EnCO initiative, managed by the …

Headlines The volatility in near-term pricing across gas and power prices was evident this week, with significant gains made, particularly in baseload and peak power contracts. Day-ahead gas rose 1.4% to 225.00p/th, following periods of much colder weather making its way from the continent and across the UK. Day-ahead power jumped 84.8% to £425.00/MWh, with …

As the second week of COP26 kicked off, the Summit explored the impacts of Climate Change on the world, focusing on Adaptation, Loss and Damage. The UK called for urgent action to build up global resilience to Climate Change. Additionally, the UK Government announced £290 million in new UK funding, including support for countries in …

Launching the Summit, world leaders and key hosts including broadcaster and naturalist, David Attenborough and HRH The Prince of Wales, took to the stage to discuss the urgency of climate action. It was agreed that we must act together in this decisive decade to make change happen, and limit global warming to below 2°c. Our Head …

Headlines This week represented yet another bullish week for gas and power prices, in what continues to be a particularly volatile period for wholesale energy prices. Day-ahead gas rose 25.4% to 222.00p/th, with a combination of market drivers pushing up prices, amid news that the German regulator temporarily suspending certification for the Nordstream 2 pipeline, …

Headlines This week represented yet another particularly volatile week for wholesale market prices, with significant daily swings in price, and varying movements further along the forward curve. Day-ahead gas fell 1.7% to 177.00p/th, following increased Russian gas flows into via Mallnow and Velke Kapusany, albeit significant volumes have yet to fully impression on the European …

Headlines It was a relatively mixed week again for gas and power pricing fundamentals this week, with the most pronounced upwards trends seen on near-term contracts, with seasonal contracts generally easing slightly. In support of this, day-ahead gas rose 9.1% to 180.00p/th, rebounding against losses observed from the week prior. Gas prices this week primarily …

Headlines All gas and power contracts moved lower this week. Gas contracts along the curve were pushed lower by expectations of increased Russian supply to Europe within the next week, after President Putin informed Gazprom to flow gas into Europe once it has filled its domestic stocks. Day-ahead gas dropped 19.5% to 165.00p/th, with further …

We continue to grow our Energy Bureau department, with former Opus Energy Accounts Manager, Ross Whalen, joining the business. Ross’ appointment as Service Delivery Manager is part of ambitions to extend our Bureau service, and develop the solutions we offer to meet the challenges of energy and carbon reduction management. Having worked in the energy …

Headlines This week, all power contracts reported losses, while price movements in gas contracts were more mixed. Day-ahead gas traded 9.3% lower at 205.00p/th amid lower gas-for-power demand and system oversupply towards the end of the week. All seasonal gas contracts went up this week, rising by an average of 3.9%. Following its gas counterpart, …

Headlines The higher wholesale price benchmarks set across the last month continued again this week, albeit showed signs of softening from the recent spell of strong day-on-day price volatility. Day-ahead gas slipped 1.7% to 226.00p/th, following a more comfortable supply picture through both higher domestic and Norwegian supply volumes. Day-ahead power fell 6.1% to £200.00/MWh, …

Ensuring your data is good quality, consistent and reliable is important to be able to understand and report on your energy data. Choosing the correct system to do this is key to successfully utilising your data to identify anomalies, optimise your energy efficiency and make cost savings. Despite spreadsheets being a popular tool to manage …

Headlines It was a relatively mixed week for gas and power contracts this week, with the most pronounced losses seen on the far-curve, with near-term contracts continuing to hold onto unseasonably high price points. Day-ahead gas rose 2.2% to 230.00p/th, with the global gas supply outlook remaining notably tight. In Support, day-ahead prices reach their …

Headlines This week represented another bullish week for gas and power contracts, with significant gains most pronounced in shorter-term contracts. Day-ahead gas rose 35.5% to 225.00p/th, continuing to benefit from an on-going tighter global gas supply outlook. The day-ahead contract also reached a record high on 1 October at 225.00p/th. Day-ahead power trends mirrored the …

In a move to further expand our regional offering, we have appointed two Commercial Energy Consultants, enabling the business to offer more local and competitive energy services to customers. Accredited Energy Assessors, Tom McLeish and James Bradley, have joined TEAM as part of our strategic growth plans, and development of our service offering. A former …

Headlines Movements in gas and power markets varied this week, but generally continue to hold onto the more elevated price points set in recent weeks. In support of this, day-ahead gas rose 3.4% to 166.00p/th, despite much stronger Norwegian gas supply into GB and higher domestic production. Gains on the day-ahead gas contract can however …

Headlines The bullish and unprecedented highs observed across wholesale markets continued again this week, with record highs seen across gas and power day-ahead markets. Day-ahead gas rose 15.7% to 160.50p/th, reaching an all-time high on 15 September at 187.50p/th, driven by higher gas-for-power demand and a backdrop of tighter gas markets with continuing maintenance works …

Headlines Despite some Friday-on-Friday downward movements in day-ahead contracts, gas and power contracts have generally held onto the significant and unseasonably highs set across recent months. In support of this, day-ahead gas rose 4.3% to 138.75p/th, aided by periods of system undersupply and lowering wind output calling for higher gas-for-power demand. Day-ahead power fell 28.8% …

Headlines All power and gas contracts increased this week, with many hitting record highs. Both day-ahead gas and power reached their highest levels on our records, dating back to 2008. Day-ahead gas jumped 14.2% to 133.0p/th and day-ahead power leapt 121.2% to £240.0/MWh. Prices were driven higher by forecasts of tight margins next week, amid …

With the countdown on to the COP26 Summit takes place in Glasgow, it is expected that all eyes will be on the nations at the Summit to progress with negotiations and set ambitious, achievable targets to tackle climate change. Now two years on from the last event, will this year’s summit achieve what COP25 could …

Headlines Bullish momentum across gas and power markets continued this week, following a short-lived bearish period of prices in the week prior. Subsequently, day-ahead gas rose 12.8% to 116.50p/th, following a stronger demand profile observed throughout the majority of the week, combined with lowering Norwegian gas flows, restricting gas supply into GB in turn. Day-ahead …

Elmhurst accredited Commercial Energy Assessor, Blessing Amin, has joined TEAM Energy as part of the our strategic growth plans, and to provide a more competitive service offering to customers based in the Midlands and North of England. A Level 4 Energy Performance Certificate (EPC) and Display Energy Certificate (DEC) assessor, Blessing is experienced at building …

Headlines On balance, the picture for gas and power prices this week was predominately mixed, but slightly favouring a more bearish outlook. Whilst a significant amount of contracts across gas and power markets fell this week, prices generally remain at significant highs, achieving record highs in the week also. Day-ahead gas fell 6.1% to 103.25p/th, …

Headlines The bullish picture for gas and power markets generally continued this week, with most contracts rising or holding onto recent gains. Subsequently, day-ahead gas rose 0.9% to 110.00p/th, supported by a back-drop of low gas in storage across Europe and the UK. Day-ahead power looking at Friday-on-Friday price movements, remained unchanged at £105/MWh, maintaining …

The science is clear, the UK needs to change its carbon emissions output to tackle the growing climate crisis. The UK has a target to reduce emissions 68% by 2030 and 78% by 2035, with the goal of achieving net-zero emissions by 2050. In response to the mounting pressure to meet these targets, from the …

Headlines Retaining their bullish momentum, the majority of gas and power contracts reported gains this week. Day-ahead gas rose 6.9% to 109.00p/th, finding support from lower UKCS production and a drop in Norwegian imports during the week, alongside forecasts of increased gas-for-power demand at the week’s end. Despite reducing mid-week, day-ahead gas prices reached a …

Headlines It was another mostly bullish week for gas and power contracts in GB this week, continuing trends observed across much of July. Day-ahead gas rose 13.3% to 102.00p/th, following periods of undersupply during the week and buoyed by prolonged maintenance works across the NCS reducing flows into GB from Norway. Day-ahead gas prices reached …

Former contracts manager for Opus Energy, Matthew Cooper, has joined our Energy Bureau department to support its continued growth and deliver customer service excellence. Strengthening the company’s Service Delivery team, Matthew will manage a number of customer relationships, and help drive performance improvements across our portfolio management and bill validation service. Matthew has over 10-years’ experience working …

Headlines It was a largely bullish week again for GB gas and power markets this week, building on recent upward drivers. Subsequently, day-ahead gas rose 3.1% to 90.00p/th, rebounding from losses in the week prior, driven by the continued low levels of gas in storage and reduced North Sea pipeline flows in the week . …

Headlines It was a predominately bearish week for gas and power contracts this week, slipping from record highs across most markets. As a result, day-ahead gas fell 3.5% to 87.30p/th, weighed by periods of system oversupply and generally wavering demand throughout the week . Similarly, day-ahead power dropped 4.9% to £92.25/MWh, falling from record highs …

Headlines It was a relatively mixed week for pricing fundamentals across gas and power markets this week, with competing bullish and bearish trends observed. Day-ahead gas fell 7.5% to 90.50p/th, but still remained significantly higher than expected for this time of year in what was quite a volatile week for gas prices. Periods of system …

As pressure mounts on UK businesses to be working towards the Government’s net zero target, now is the time for them to address how a net zero strategy can become part of their purpose. Whilst 2050 seems like a long way off, mitigating climate change, improving climate resilience, and protecting our planet for the future …

Headlines Power and gas contracts continued their recent bullish run this week, with record highs observed across both day-ahead contracts. Day-ahead gas leapt 21.0% to 97.85p/th, the contracts highest price since March 2018. Near-term gas prices have been supported by high gas-for-power demand, coupled with curtailed Norwegian supplies and low gas storage levels. Longer dated …

Headlines The majority of power and gas contracts increased this week, with all underlying commodity prices also rising. Day-ahead gas jumped 13.2% to 80.90p/th, driven higher during the week by colder temperatures and restricted flows from Norway. Day-ahead power rose 8.3% to £88.00/MWh, following the gas market higher, with forecasts of weak wind output early …

A newly appointed utilities expert to lead the team of recovery and data specialists for our outsourced bill validation and cost recovery service. Experienced team manager, Rebecca Ireland, has joined our Energy Bureau service to lead the Recovery and Data Team and contribute to the continued growth in performance, efficiency, and quality of the Bureau …

Headlines It was a relatively mixed week for pricing fundamentals across gas and power markets this week, with day-ahead and short-term contracts rising, whilst longer dated seasonal contracts generally retreated. Consequently, day-ahead gas rose 3.0% to 71.48p/th, following increased gas-for-power demand, driven by lower wind output in the week. Day-ahead power rose 6.9% to £81.25/MWh, …

Headlines Most power and gas contracts rose this week. Day-ahead gas rose 11.0% to 69.40p/th, following periods of system undersupply, combined with lowering temperatures as the week matured, with these expected to reduce further into next week. Day-ahead power rose 2.7% to £76.00/MWh, following gas prices higher on the near curve and benefitting from lowering …

We know that seasonal change has an impact on how we manage our energy, which is why energy professionals use a number of techniques to keep on top of energy wastage and minimise consumption at different times of the year. Some of these tactics may need investment, but basic principles of energy efficiency can make …

Headlines Wholesale price movements were mixed this week. Day-ahead gas rose 1.2% to end the week at 62.50p/th, despite ongoing warm temperatures, driven higher towards the end of the week on forecasts of increased gas-for-power demand. August 21 gas lost 4.6% to 61.99p/th, while winter 21 gas boosted 2.8% to 70.29p/th. Day-ahead power went up …

Headlines It was a largely bearish week for most tracked gas and power contracts this week, with some exceptions in the longer dated seasonal contracts. In support of these bearish movements, day-ahead power fell 0.3% to £73.00/MWh, afflicted by warmer temperatures as the week matured combined with wavering demand and lowering gas prices feeding through …

Following over a year of lockdown restrictions, with activity levels at a seven-year high, the construction industry is very much at the forefront of the economic recovery. With it, is mounting pressure on the sector to align itself with a more sustainable ethos in its approach to new build projects. New buildings and infrastructure account …

Headlines All gas and power contracts recorded losses this week. Day-ahead power was down 10.7% to end the week at £73.25/MWh, amid stronger wind output, but remains unseasonably high with strong demand and high gas prices lending support. All seasonal power contracts declined last week, down on average by 3.6%. Winter 21 power decreased 3.9% …

Headlines It was a collectively bullish week across most tracked gas and power contracts this week. In support of this, day-ahead gas rose 6.9% to 66.25p/th, following cooler temperatures at the weeks start and higher gas-for-power demand amid weaker wind generation. Day-ahead power rose 18.4% to £82/MWh, finding support from prolonged periods of weaker wind …

Solid assessment of energy data and thorough inspection of your energy estate has so far given you the insights to make data-driven decisions for making savings and boosting your energy management and sustainability strategy. To take your business’s strategy to the next level, it is important to use your findings and start thinking strategically about …

Headlines It was a largely bullish week again for gas and power markets. Day-ahead gas rose 0.4% to 62.00p/th, following periods of system undersupply, coupled with colder temperatures and a drop in LNG send out. Day-ahead power rose 11.7% to £69.25/MWh, with periods of notably low wind generation and reduced temperatures generally throughout the week. …

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 …

With the UK committed to reducing Greenhouse Gas (GHG) emissions to net zero by 2050, organisations are feeling the growing pressure to decarbonise and work towards becoming more sustainable. Our CPD accredited Behaviour Change Programmes for Sustainable Business supports organisations with transforming their company culture to become an Energy Conscious Organisation (EnCO), helping them work towards …

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 …

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 …

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 …