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Wholesale Energy Prices Update 06/04/18

Summer 2018 contracts have now expired, so prices show the next 12-month contract from October 2018 to September 2019. Markets started to retreat last week as tough European weather eased off slightly, while political uncertainty kept some pressure on. Thin trading on the short week forced markets to lose of their ground and European weather…

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UN: World banking on solar energy

Worldwide investment in solar energy is surging ahead of other renewable energy sources, fossil fuels and nuclear energy. According to a new United Nations report on energy investment, countries spent money on 98 gigawatts of solar energy infrastructure in 2017. This compares with 52 gigawatts of wind power and 70 gigawatts of fossil fuel installations….

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Wholesale Energy Prices Update 29/03/18

Before the long Easter weekend, the short week brought further increases in energy markets after initial falls. Despite falling early in the week, energy markets rose on the prospect of poor European weather forecasts.  A bleak Easter weekend combined with forecasts for a colder-than-average April, pushed prices upwards as markets continued to fret about low…

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Citizens Advice calls for tougher rules for energy suppliers

Citizens Advice has called on Ofgem to introduce tougher licensing rules for energy suppliers to boost customer service standards and prevent rogue companies entering the market. Dozens of smaller firms have entered domestic and non-domestic energy markets in recent years. Although many of these suppliers can offer cheaper energy deals, many of their customers have…

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New London drinking fountains: Businesses urged to join water refill scheme

A new drinking fountain has been installed on London’s Carnaby Street as part of a new scheme to tackle plastic bottle problem. Sadiq Khan also revealed that three more free fountains will be installed over the summer. London’s Carnaby Street gets water fountain — BBC London Newsroom (@BBCLondonNews) March 25, 2018 In a…

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Get the Right Broker: Business Utility Broker Checklist

Choosing a business energy broker can be a challenge. There are hundreds of third party intermediaries (TPIs) for businesses and they all claim to have your best interest at heart. Sadly, this isn’t always the case. Some brokers will set your business up with one of their preferred suppliers and take a higher commission while…

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Wholesale Energy Prices Update 09/03/18

There was a big rebound in the markets last week, pushed by new weather concerns, issues with our North Sea assets and the ongoing Ukraine / Russia payment dispute. Forecasts of more cold European weather carrying on into April is fuelling worries concern over the already depleted gas reserves, after February’s cold snap. With Ukraine…

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spring start eases energy prices

Wholesale Energy Prices Update 02/03/18

With the gradual rise in temperatures, demand eased last week after hitting record levels, forcing markets back down. It took a few analysts by surprise as the cold in Europe was predicted to last longer, so prices spiked but quickly fell as the week wore on and warmer weather was forecast. Oil prices also dropped…

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Businesses Left Without Water After ‘Big Thaw’

Thousands of businesses, schools and homes have been left without water after a thaw in temperatures caused a number of burst pipes and leaks across networks. Some customers of Anglian Water, Severn Trent, Southern Water, United Utilities and Thames Water were among those affected by the outages. Leaking pipes in London are still affecting around…

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Is British Gas Lite The Future of SME Energy?

Centrica has launched a new digital-only electricity service for UK SMEs. The wholly online British Gas Lite gives SME business owners more control over their energy accounts. Business customers will pay monthly for their electricity and the service includes a free smart meter, so SMEs can track their consumption. Support is provided via a UK-based…

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