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?
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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 UK government’s COP26 to-do list is large, and the reality of the UK’s progress on emissions cuts is lagging behind the ambition. As we prepare to host this crucial climate conference, what should we doing to prove that our goals are realistic?
This year marks the 30th year of wind energy generation in the UK. From 10 turbines in Cornwall, a site now owned by Good Energy, to the recent install of Ørsted’s 1000th, located in the North Sea.
Renewable electricity grew at its fastest rate last year with solar and wind power set to become the new normal going forward, according to a new report by the International Energy Agency.