procurement

UK businesses have battled electricity price rises alongside COVID-19

Energy market, Energy procurement, News and updates, Power and gas
13 October 202013 October 2020

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.

Volatile times: how COVID-19 is affecting wholesale energy prices

COVID-19, Energy procurement
27 April 202015 July 2020

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?