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By Melanie Kendall-Reid, Director of Consultancy Services A new report from the Public Accounts Committee, as part of its inquiry into the UK’s water sector and infrastructure, has issued a stark warning that England is at serious risk of running out of water within...

By Melanie Kendall-Reid, Director of Consultancy Services The Summer Statement was announced by the Chancellor Rishi Sunak this week. It included a £3bn package to stimulate the UK’s green economy as the country recovers from the Covid-19 pandemic, which has severely...

By Melanie Kendall-Reid, Director of Consultancy Services The Committee on Climate Change (CCC) has published its annual progress report, which assesses the progress made to reduce emissions over the past year. Territorial emissions have decreased by 30% since 2008...

By Paul Gleaves, Head of Risk & Trading According to energy research company Cornwall Insights, Feed-in-Tariff (FiT) costs for Q2 ’20 are set to reach record highs on the back of coronavirus-related demand destruction and unusually high levels of sunshine. This...

By Paul Gleaves, Head of Risk and Trading, Carbonxgen  On World Environment Day, a number of major global companies announced that they had signed up to the RE100 scheme. Although there are varying horizon dates; ONO Pharmaceutical, Continental, Zalando and Novozymes...

By Melanie Kendall-Reid, Head of Consultancy Services Boris Johnson recently announced new dates for COP26 to allow more time to recover from the economic and travel impacts of the coronavirus pandemic. The climate summit is now set to take place in the UK from 1st to...

By Paul Gleaves, Head of Risk and Trading The Government has unveiled plans for the future of carbon pricing within the UK. The initial proposals are mainly in-line with expectations and seemingly ensure continuity in carbon pricing as we exit the Brexit transition...

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...