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The Dirty Dozen

  Before this current crisis of energy suppliers going bust there were around 80 in the UK. The word on the street is that this crisis is not yet over, but once it is, we many only have around twelve suppliers left in the marketplace. It’s a staggering change, and will be a new world order. The ones remaining will be those that were more risk averse and/or of a bigger size. It really depended on whether these companies were set up for the long haul and therefore not so susceptible to changing market conditions. How these companies bought their energy, trading in the energy markets, was one component of their downfall. Being a smaller company with ambitions to grow quickly by borrowing too much is another factor. Without any kind of buffer to guard against tough times, they were always at risk to the elements. And how does this affect the market, as a consumer of energy whether for the home or business. It seems likely we need to be braced for tough times ahead. The cost...
News Flash, 16 th Sep 2021   I am sure you have heard the recent news about UK power prices soaring due to the fire at the National Grid site in Kent. Prices the day following the fire jumped by 19% on the wholesale market. Over the last year to eighteen months prices have been rising dramatically anyway due to Covid, the general trend of the wholesale market and extra levies on the standing charges. The cost of energy is already high, so what are the implications of this fire and the closing of the link between France and Britain for businesses. Current - (as in today and for a few days). Some suppliers are withholding pricing and have pulled current offers. Short Term – (6 months). The link will be out says the National Grid, meaning prices will likely remain very high in this term Longer Term – Plus 6 months). Prices should settle back down once the link is back up and running. The UK is a net importer of power and this link being down means the National ...