Are you glad to see the back of the energy markets in 2023?
npower Business Solutions
Sharing information and opinions about the issues affecting medium to major energy users, generators and consultants.
Welcome to the December issue of Energy Bulletin. This is your monthly round up of all the latest news to help you to navigate the complex energy market, providing you with helpful insight so you can plan your energy strategy in the most effective way possible.
In this special edition, we cover the launch of our latest report - Energy, net zero and business survival: the crucial role of Third Party Intermediaries - and round up some of the key energy developments over the past 12 months, including:
Energy update: Energy, net zero and business survival: the crucial role of TPIs
Our new report is an updated edition of our previous Business Energy Tracker, and now includes the views of more than 50 TPIs alongside 100 large businesses, representing a collective view on energy risk, policy and net zero.
We unveiled the key findings at the Energy Live Consultancy Conference (ELCC), where it was fantastic to discuss the report and connect directly with TPIs to understand how we can work together for the benefit of our customers. In this video from the event, we asked Robin Preston from Flagship Energy Ltd, Dominic O'Brien from Experienced Energy Solutions and our Director of Commercial Ben Whitelam , ‘How are UK businesses feeling about funding their net zero ambitions?’
Industry charges on energy invoices: key developments in 2023
2023, what a year it has been for non-commodity charges and their impact on business energy invoices.
With network charges and environmental levies already adding around £100/MWh to electricity and more than £10/MWh to gas costs, the share of these charges are set to grow bigger in 2024 - with at least three new charges on the horizon.
Here, Stephen Evans † , Head of Costing and Risk, shares his top three takeaways from 2023, and what these mean for businesses as we approach the new year.
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Wholesale commodity costs: key price developments in 2023
Energy prices have continued to be volatile in 2023, with factors including reduced demand, maintenance issues, and global conflicts impacting the market. And, as we head into 2024, continued uncertainty looms, with the weather - including cold snaps and low wind - likely to equate to higher prices.
Here, Louise Ward , Head of Sales Trading, discusses the highs and lows of the energy markets in 2023, and why French nuclear availability still remains another important market driver for energy prices in the UK.
What did 2023 market developments mean for Independent energy generators?
With increasing organisational focus on environmental responsibility, and the security of energy supply and price stability also major concerns, independent energy generators are perfectly placed to help shape the future of a sustainable, safe and secure energy system.
Several developments in 2023 brought increased focus on the opportunities and challenges for energy generators. Here, Michelle Stephens , Generation Services Sales Manager, examines some of the key announcements that impacted energy generators this year, as well as taking a look at the opportunities for 2024.
2023 policy review: What were the key announcements for businesses this year?
This year has been a major year for the energy sector, particularly when it comes to announcements from Westminster.
It has been the year when energy has become a mainstream focus, with the volatility in the wholesale energy markets demanding action at government level to reduce energy invoices and provide stability, all while keeping our net zero ambitions on track.
In our new blog here, our COO, Anthony Ainsworth , outlines five of the main developments this year, and what these mean for UK businesses.