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By Tracy Lewis, Managing Director Another month of lockdown completed and, as I write this, the easing of restrictions has extended to some children returning to school and we are now able to meet with our loved ones in groups of six people, still from the safe social...

By Paul Gleaves, Head of Risk & Trading Last weekend saw UK Day Ahead prices hit a negative price for the first time in their history, when the N2EX Auction price out-turned at -£10.13/MWh for delivery on 23rd May 2020. This landmark was reached due to the...

By Philip Richards, Client Director As the UK enters its 7th week of lockdown, on Sunday Boris Johnson will outline his exit roadmap. The Prime Minister has stated that he will make it clear to the nation the “menu of options” he will have to choose from when he...

By Paul Gleaves, Head of Risk & Trading Although it was US oil prices turning negative for the first time that garnered the most press attention, April was also a record breaking month for UK energy markets. The milestones achieved, include the following: > Day...

By Tracy Lewis, Managing Director Six weeks into our ‘business as unusual’ working from home routine and things seem strangely normal! Everyone has settled into their new work environments and the initial reservations about holding meetings via Teams or Zoom have been...

By Tracy Lewis, Managing Director These are indeed strange and challenging times! You learn a lot about yourself as a Business Leader and about the amazing team of people, both internal and external, that support the business during such times. It is a time to...

By Paul Gleaves, Head of Risk and Trading The landscape has been changing rapidly due to the Coronavirus outbreak. I wanted to give you an update on how energy suppliers are responding to these uncertain times. Below is a summary of the key considerations: ⦁    Most...

By Melanie Kendall-Reid, Director of Consultancy Services The Chancellor of the Exchequer, Rishi Sunak, made his first Budget speech on Wednesday. He announced a multi-billion-pound plan to escalate the UK’s efforts toward its Net Zero Carbon emissions target....

By Paul Gleaves, Head of Risk & Trading You may have seen the news coverage over the weekend reporting a significant slump in global oil prices and equities. As such, we wanted to provide an update on the impact this is having on wholesale electricity and gas...

By Paul Gleaves, Head of Risk and Trading This week saw Apr ‘20 gas contracts close on 28.35 p/Th, the lowest price for any gas annual since Apr ’08 (annualised futures hit 30.88 p/Th on 20th February 2007). Gas prices have been on a prolonged slump as high global...

By Paul Gleaves, Head of Trading & Risk Energy regulator Ofgem has launched its ‘Decarbonisation Action Plan’, outlining the key actions that they intend to take over the next 18 months as the UK moves towards achieving its target of net zero emissions by 2050....

By Joanne Merry, Head of Product Development Streamlined Energy & Carbon Reporting (SECR) is a compliance requirement that was introduced in 2019 under ‘The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon) Regulations 2018’ as a...

By Paul Gleaves, Head of Risk & Trading As of 11pm on 31st January 2020, the UK will no longer be a member of the EU and will enter into a transition period which will last until 31st December 2020. But what does this mean for the energy markets? The truth is that...

By Melanie Kendall-Reid, Director of Consultancy Services Members of the European Parliament (MEPs) have overwhelmingly backed the terms of the UK's departure from the EU. MEPs ratified the Brexit Withdrawal Agreement by 621 votes to 49 following an emotional debate...

By Melanie Kendall-Reid, Director of Consultancy Services The UK Government reintroduced its flagship Environment Bill ahead of Brexit outlining new regulations including; powers to stop the export of plastic waste to developing countries and the introduction of new...

By Paul Gleaves, Head of Trading & Risk Almost four years after the United Kingdom voted for Brexit, the Withdrawal Bill formally became law yesterday after the Queen gave it ‘Royal Assent’. The new law means that as of the 31st January, the UK will no longer be a...

Author: Tracy Lewis, Managing Director Welcome back from the festive break! The Environmental Bill was back on the political agenda last month. The Queen during the State Opening of Parliament told MPs and Lords that environmental principles and targets were to be...

Author: Melanie Kendall-Reid, Compliance Director On Monday, 14 October 2019 the UK Government announced its plans, during the Queen’s Speech, for the long overdue Environment Bill. The Queen stated that the bill, published the following day, will enshrine principles...

Author:  Joanne Merry, Technical Director The water market de-regulated in England on 1st April 2017 to remove barriers to competition and deliver a resilient water supply network. It followed in the footsteps of Scotland, which became the first country in the world...

Author: Melanie Kendall-Reid, Compliance Director Boris Johnson has requested that the EU reworks the terms of the UK’s future relationship with the union to allow Britain to significantly diverge from European rules after Brexit. Theresa May had committed to a level...