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Employee Engagement in Energy Saving

Winter is upon us and thoughts are naturally turning to the rising costs of energy at this time of year, and the need to keep business premises warm through the coming months.  Much research has taken place into strategies for combatting these rising costs and at UHL we are keen to keep abreast of all…

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Brexit issues affect energy prices

Wholesale Energy Market Update 7/12/2018

Last week, the markets saw a continuation of minimal overall movement whilst traders again tried to absorb events. There was an eventual OPEC agreement to cut output by 1.2 million barrels per day in the short term, after a tricky meeting that saw Iran secure an exemption and Russia and Saudi Arabia commit to reducing…

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Wholesale Energy Market Update 30/11/2018

In the UK, cooler weather saw demand rise and despite healthy supplies and high wind output, the system was slightly undersupplied. The colder British weather sparked an increase in demand, resulting in the system being under-supplied (although only marginally). This was surprising considering good supplies and wind output. There were continued arrivals of LNG to…

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Wholesale Energy Prices Update 23/11/18

There were continuing market falls last week as the cold came and went with little impact and oil stayed down. Last week’s anticipated problems from the cold Europe weather never materialised, negating the already built-up risk premium, compounded by more temperate forecasts coming through. Oil maintained its downward trajectory with a sharp drop, as Saudi…

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Wholesale Energy Prices Update 09/11/18

After recent volatility, markets cooled down last week. Business prices for wholesale gas and electricity barely moved as traders looked for clear direction. The United States agreed to allow eight countries to continue buying oil from Iran, which led to some small price dips. Saudi Arabia and Russia also pumped out record volumes of oil…

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Wholesale Energy Prices Update 02/11/18

Premium continued to fall out of markets last week as trading fundamentals weakened prices. Oil continued its downward trend as the US signalled that it would permit eight countries to continue buying oil from Iranian oil despite sanctions. Saudi Arabia also promised to make up any shortfall in supply. Oil storage volumes in the US…

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When is My Business Energy Contract End Date?

Regularly switching suppliers is the best way to make sure you get a good business energy contract. But to switch effectively, you need clarity on the terms of your contract. Crucially, you need to know when your contract expires and when you can tell your supplier that you want to switch. Most businesses only have…

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Wholesale Energy Prices Update 26/10/2018

Last week, the markets cooled a little while traders sought to absorb any underlying fundamentals. There were a myriad of factors influencing prices once again, with drops in Euro carbon and coal fuelling a drop in oil prices, resulting in the market moving downwards. There was a move toward more bearish behaviour from oil traders…

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How Cold Weather Affects Business Energy Prices

The cold is back. After a bright and mild autumn, winter has blown back with a bang. Temperatures dipped below 0°C this weekend as the clocks went backwards – making British evenings even darker. With memories of February’s Beast from the East still fresh in the memory, most will be dreading another cold blast this…

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Wholesale Energy Prices Update 19/10/2018

Last week brought more price falls to the energy market, although these pulled up short on Friday with news of an incoming cold snap. Many different price signals fought to be heard throughout the week. Various Brexit announcements pulled markets in different ways, warm weather eased demand, the pound fluctuated and carbon prices fell sharply….

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