UK Government ESOS Phase 3 consultation outcome published

Our Head of Operations, Timothy Holman, explains the outcome of the UK Government’s ESOS Phase 3 consultation and what the changes mean for organisations that fall into scope. Following a Government consultation last year, The Department for Business, Energy and Industrial Strategy (BEIS) has published the long-awaited outcome detailing how they are planning to strengthen the

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Wholesale Energy Market Review 22 July 2022

Wholesale Market News

Headlines This week we observed a relatively mixed picture for the movements of wholesale gas and power contracts. Generally, we saw near-term gas contracts climb, whereas the power equivalent contract observed notable losses week-on-week. The week saw day-ahead gas prices rise 38.6% to 282.00p/th, following an unplanned outages at Norway’s FLAGS exist terminal, reducing Norwegian

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Ofgem launches new Switching Programme to improve the way consumers change energy suppliers

To support customers with this industry change, EDW Technology has launched a new solution to automate the switching process. What is the Switching Programme?­ Ofgem’s Switching Programme, launched to the energy industry on 18 July 2022, provides a faster and more reliable way for businesses and consumers to switch energy suppliers. Ofgem has introduced a

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Wholesale Energy Market Review 15 July 2022

Wholesale Market News

Headlines Wholesale power contracts experienced mixed price movements this week, whereas all tracked gas contracts registered week-on-week price losses. Subsequently, day-ahead gas fell 8.3% to 203.50p/th, following periods of system oversupply amid stronger UKCS production – coupled with anticipated lower demand into the weeks end, driven by the forecast heatwave in the UK. Conversely, day-ahead

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Wholesale Energy Market Review 8 July 2022

Wholesale Market News

Headlines Wholesale gas and power contracts shared collective price rises across all tracked contracts this week. Day-ahead gas rose 38.8% to 222.00p/th, following softer LNG-sendout due to maintenance at Dragon terminal, coupled with the threat of oil and gas strike action in Norway at the week’s start, in addition to select periods of outages across

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Wholesale Energy Market Review 1 July 2022

Wholesale Market News

Headlines Wholesale gas and power contracts registered gains compared to the previous week, though with some outliers against this trend. Day-ahead gas represented one of small number of contracts which saw prices retreat week-on-week, subsequently falling 5.9% to 160.00p/th, following periods of stronger Norwegian flows into GB, coupled with higher LNG-send out. Conversely, day-ahead power

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