Energy market prices are at a record high, presenting a major risk to corporate bottom lines. Alex Biggerstaff, Risk Manager at BiU explains what’s going on and offers some tips for trading in this volatile market. What’s causing energy prices to rise? Around 50% of our electricity comes from gas-fired power stations, so the gas shortage is hitting the market hard. The reasons behind the supply issues are complex: wind… Read More »What’s going on with energy prices? And how can businesses protect themselves?
Articles from our award winning trading team from reporting on the energy market through to commentary on key energy movements in the industry.
This week wholesale energy prices hit a record high, going over £100 per megawatt hour of energy. If you’re a UK business, energy market volatility has serious consequences for your bottom line. Most high-volume corporate energy users without a robust energy strategy are now facing a 30% increase in energy costs.
The latest data from the Department for Business, Energy and Industrial Strategy (BEIS) shows that while dealing with the onset of the pandemic in the first half of 2020, UK businesses also faced higher electricity costs compared with the same period last year.
In the world of global trading, last week made history: for the first time ever, US oil prices dropped below zero and went into negative figures. Oil producers were literally paying buyers to take the oil off their hands. We all know that the COVID-19 virus has had a devastating impact on the world economy, but how exactly did we get to this point?
This week the National Grid ESO has published the Triad dates for 2019/20 and BiU are pleased once again to have had successfully identified all 3 periods, with minimal alerts to clients.