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The energy experts speak out
One size does not fit all

One size does not fit all

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...

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UK Day Ahead electricity prices turn negative for first time

Record breaking April for UK energy markets

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...

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The new normal

The new normal

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...

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A time to reflect

A time to reflect

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...

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Energy suppliers update: COVID-19

Energy suppliers update: COVID-19

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...

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UK gas markets reach record lows

UK gas markets reach record lows

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...

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Ofgem launches Decarbonisation Action Plan

Ofgem launches Decarbonisation Action Plan

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....

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Streamlined Energy and Carbon Reporting (SECR)

Streamlined Energy and Carbon Reporting (SECR)

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...

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What does Brexit mean for the UK energy sector?

What does Brexit mean for the UK energy sector?

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...

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Brexit – Entering the transition period

Brexit – Entering the transition period

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...

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Brexit Bill given royal assent

Brexit Bill given royal assent

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...

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Leading the way with climate action

Leading the way with climate action

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...

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Brexit – Entering the transition period

Brexit: Boris demands new concessions from the EU

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...

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