Response requested to reports about non-domestic customer harm The wholesale market turbulence, along with wider economic pressures, has put unprecedented strain on businesses and individuals across Great Britain. Ofgem’s role is to protect all energy consumers; we all want a…
Background As part of the Review of the Impact of a Gas Supply Shortage on Electricity between January 2021 and March 2022, BEIS has worked with industry partners to assess and amend the classes of customers to be prioritised in…
This week, the government has released a survey for the Energy Bill Relief Scheme to better understand the energy needs of various economic sectors. These surveys are being spearheaded by umbrella organisations which represent different types of business across the…
By Dipa Tank – Risk Management Specialist, Consultus International Group Background For almost a decade, the UK government has provided more than £2billion of financial support to businesses in energy intensive sectors through the introduction of various schemes to boost…
The full extent of the impact will unfold over time. By: Dipa Tank – Risk Management Specialist, Consultus International Group Until last week, the Kremlin's toughest economic response had been to cut off gas supplies to Poland and Bulgaria and…
By Conor Klapatyj, Risk Management Specialist, Consultus International "Building resilience requires the UK to generate more power from domestic source." As spring begins, the coming season provides certainty of new life, warmer weather, and lighter days. Yet the shadow of…
April 2022 Current Market The Russian invasion of Ukraine led to strong volatility and a rise in contract prices across March. Russian supply makes up to 40% of Europe's use of gas and sanctions could hamper the ability to receive…
After a turbulent 2021, it appears that there is little respite for energy markets so far in 2022. Energy prices continue to dominate news stories across Europe prompting discussions from households to within the highest offices of government. What are…
If you’re already a user of our myEnergy portal, you will have seen some exciting changes. myEnergy is designed to provide customers with data and analytics relating to their utility portfolio in one location, that can be accessed at any…
“Unprecedented” was a deservedly much-overused word during 2020 as the global pandemic took hold and put everyday life (as we knew it) on hold. In the energy industry, however, 2021 certainly now deserves to continue that moniker, as prices for…