Global energy markets remain highly sensitive to geopolitical developments, with recent events in the Middle East once again highlighting how international conflict can impact wholesale gas and electricity prices across Europe and the UK. Over recent weeks, tensions in the region have escalated significantly following military exchanges involving Israel, Iran and their regional allies. The […]
The British Industrial Competitiveness Scheme (BICS) could be one of the biggest changes to industrial electricity costs in decades. Designed to address the long-standing challenge of high UK industrial electricity prices, the scheme aims to improve the competitiveness of UK manufacturers by reducing electricity costs and supporting long-term investment and growth. For eligible businesses, the […]
For many businesses, energy procurement starts and ends with one number: The unit rate. “How many pence per kWh are we paying?” It’s understandable. Unit rates are easy to compare, easy to market, and often seen as the headline figure that determines whether a contract is “good” or “bad”. But in today’s energy market, focusing […]
Global instability, including escalating tensions in the Middle East involving Iran, is pushing volatility straight back into gas and electricity markets. For food and drink producers, the impact is immediate: • Rising wholesale costs • Increased pressure on production margins • Ongoing uncertainty around future contracts If you’re waiting for renewal, you’re already reacting too late. Energy is […]
The UK energy market continues to present a challenging landscape for businesses, with short-term price movements often masking deeper structural risks. Last week saw a brief softening in gas and power markets, driven by optimism surrounding potential US-Iran peace talks. This reduced some of the geopolitical risk premium that had been priced into the market. […]
Many UK businesses keep one eye on the headlines and the other on their energy invoices. So when reports suggest wholesale gas and electricity prices have eased compared with the peak volatility of recent years, it’s natural to ask a simple question: Why are business energy bills still so high? The reality is that wholesale […]
There has been a significant development in global energy markets this morning, with a two week ceasefire agreed between the US and Iran. As part of this agreement, Iran has confirmed that it will allow full passage for ships through the Strait of Hormuz, one of the world’s most important energy shipping routes. This is a key […]
For years, the role of an energy broker was simple:secure a competitive contract and manage the switching process. That model no longer works. Today’s energy landscape is more volatile, more complex, and more scrutinised than ever. Clients are no longer satisfied with just “a good deal”, they expect transparency, insight, and ongoing value throughout the lifecycle […]
Energy Planning Ahead – Here’s the reality: “wait and see” is no longer a strategy when it comes to energy. It’s a gamble and right now, the odds aren’t great. Energy Planning Ahead – Energy markets have always fluctuated, but in recent years, volatility has become the norm rather than the exception. For UK businesses, […]
Review Your Energy Strategy: Energy markets have once again entered a period of uncertainty. Ongoing geopolitical tensions and global supply pressures are creating renewed volatility in wholesale gas and electricity prices — something that UK businesses are already beginning to feel. For Scotland’s food and drink members, where energy is often a significant operational cost, […]