Ofgem’s Targeted Charging Review may be delayed, but it’s not going away

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.

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Wholesale Energy Market Review 23 April 2021

Wholesale Market News

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

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Wholesale Energy Market Review 16 April 2021

Wholesale Market News

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

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Wholesale Energy Market Review 9 April 2021

Wholesale Market News

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

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TEAM’s latest consultancy service supports organisations affected by the updated Heat Network Regulations

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

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Wholesale Energy Market Review 2 April 2021

Wholesale Market News

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

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