The electricity market has been challenged with maintaining reliability amid a rapid rise in demand, which has affected capacity auctions and led to some volatility in the market. In this summary of our recent energy market update, Joseph Haugen explains what volatility might mean for commercial energy customers. https://lnkd.in/eiKg9tMN
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Electricity bills for small industrial consumers set to rise £200k by 2026. Electricity bills for small industrial consumers, including large retail and leisure units, are projected to increase by approximately £200,000 compared to pre-crisis levels by the year 2026. The market is still in a fantastic position so if there was ever a time to lock in cheap prices for your energy for your FUTURE contracts, it’s now. If you are responsible for looking after your businesses energy, drop me a message. [email protected] Northern Gas and Power
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In December 2022, calendar year 2024 was trading at $0.0885/kWh. In December 2023, calendar year 2024 was trading at $0.0499/kWh. Curious what caused this 43.6% drop in prices? Use the next two minutes to read Howard Plante's recent article! #FreedomEnergy
Learn about the significant drop in New England's 2024 electricity prices to a 24-month low of 4.99 cents per kWh. Howard Plante discusses the key factors influencing this trend in his recent Freedom Energy Newsletter article. Click to read the complete update: https://hubs.la/Q02qyvKq0 #EnergyAnalysis #MarketTrends #FreedomEnergy
New England Futures Electricity Prices Summary - Freedom Energy Logistics
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Learn about the significant drop in New England's 2024 electricity prices to a 24-month low of 4.99 cents per kWh. Howard Plante discusses the key factors influencing this trend in his recent Freedom Energy Newsletter article. Click to read the complete update: https://hubs.la/Q02qyvKq0 #EnergyAnalysis #MarketTrends #FreedomEnergy
New England Futures Electricity Prices Summary - Freedom Energy Logistics
https://felpower.com
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Gas and electricity prices have fallen by 7% as of 1 July under the new Ofgem energy price cap. Curious about how this affects your bills and what it means for you? Read more: https://buff.ly/3nLI6DK #EnergyPriceCap #SaveEnergy #Ofgem #EnergyBills
What is the Ofgem energy price cap and how much are bills falling?
bbc.co.uk
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Owner of Kilowatt.ie | Accurate Price Comparison Using Real Data From Your Smart Meter
Homes with #solar import less electricity around the middle of the day, and this has big implications for #battery storage Instead of a once-per day dip in electricity prices (in the early hours of the morning), I believe we will soon see a double-dip (cheap electricity both at 3am and 1pm). This will mean that #batteries can cycle twice in 24 hours. This can potentially cut the payback period in half. And that's on top of the rapidly falling hardware prices, which are already helping boost the case for investing in battery storage. Bottom line: I believe there's wind in the sails of the grid-scale and behind-the-meter battery businesses.
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Beyond supply and demand, several other factors are crucial in determining energy prices. It's a complex web of influences that explains why we're seeing high electricity prices today. https://lnkd.in/gr4nbmsE 🌍⚡️ #Energy #SupplyAndDemand #energypricing
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🌍 Navigating the Unprecedented Energy Market ⚡ We are facing unprecedented times in the energy industry, with wholesale market prices reaching levels of volatility and expense we've never seen before. 📉💼 With businesses seeing their gas and electricity prices contantly fluctuating, now is the time to take action. It's more important than ever to compare business energy rates and ensure you're not overpaying. 🔍💡 At UCR Consultants, we search a large panel of energy suppliers to find you the most competitive electricity and gas prices on the market. And the best part? You can do it all online, whenever it's convenient for you! 🌐🕒 Take control of your energy costs today! Contact us to learn more. #EnergyMarket #BusinessEnergy #UCRConsultants #EnergySavings #CustomerFirst #EnergyEfficiency #BusinessGrowth
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Helping young people to build their business and finance skills and commercial expertise - build your knowledge, build your success
Interesting article on the energy cap: https://lnkd.in/dRdKUWQ6
What is the energy price cap and how much are gas and electricity bills going up?
bbc.co.uk
Commercial Territory Manager
1wGreat insights, Joseph! The volatility in the energy market really highlights the importance of having a strategic approach to energy procurement. Looking forward to seeing how commercial customers can navigate these challenges effectively with the right solutions. Thanks for sharing this update!