Turning energy price risks into opportunities

Turning energy price risks into opportunities

James Graham, Head of Asset Optimisation Sales, looks at some of the impacts of the changing energy system on consumer bills and how businesses can turn price risks into opportunities as the value of flexibility increases.

We’ve already seen huge growth in intermittent, renewable generation as we strive to decarbonise. Regulation and economics are resulting in the displacement of thermal plants, with a phase out of coal by 2025 meaning supply margins will be more reliant on renewable output....

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DSR – let’s make it simple!

DSR is a complex space. As the energy landscape is rapidly shifting to a more flexible, dynamic and localised system there is an increasing responsibility for businesses to get involved in DSR to support the grid.

If your business has the flexibility to manage your assets or shift processes away from peak times, you could access a new revenue stream and make significant cost savings on your electricity bill.

But, how do you know where to start? SmartestEnergy has simplified the process in...

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The next big opportunity for sustainable companies

With COP23 coming to a close this week, the world’s attention has again focused on the need to tackle climate change.

Recent figures show that levels of CO2 in the atmosphere increased at record speed last year and just last week, the World Meteorological Organization revealed that 2017 is set to be one of the three hottest years on record.

While Governments have led the activity at COP23, the business community were also out in force just as they were at COP21, collaborating on how they can...

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How can businesses prepare themselves to embrace the changing market?

Chief Commercial Officer, Dave Cockshott shares his top tips for smart businesses to ensure they are prepared to embrace the rapidly changing market in video interview at the Energy Live Xpo last week.

The energy system is changing! This exciting change is happening right now and businesses must adapt. Undoubtedly this comes with some challenges; the key one being rising costs and the struggle to manage the unpredictable non-commodity costs that make up around 55% on energy bills.

In the...

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Battery storage: Taking away the training wheels

Following Aurora’s Battery and Flexibility Conference last week, Boz Bozhkov, Head of Markets in our Asset Optimisation team, discusses how storage can continue its growth while facing new revenue challenges.

This year we have seen renewable energy contributing more to the UK’s electricity supply than ever before, with almost 30% of electricity coming from renewable sources in the second quarter of 2017.

Alongside this great progress towards decarbonisation comes the new challenge of...

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Corporates must engage supply chains on renewable energy to really make a difference

This week we have launched our latest report, Renewable Energy in the Supply Chain, in conjunction with the Carbon Trust and CDP. David Cockshott, Chief Commercial Officer, shares his views on why companies need to do more to drive renewable energy through the supply chain.

I am encouraged to see high-profile organisations taking the lead on addressing climate change and carbon reduction. Just last week, CDP announced that 89% of the companies asked to report emissions by them have set carbon...

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Partnering with energy consultants to drive the energy revolution

Energy consultants have a crucial role to play in the rapidly changing UK energy system. Nathan Dad, Head of Channel Development, assesses the latest opportunities to hit the market, following our Annual Consultant Conference last week.

In an ever more complex and volatile UK energy system, energy consultants are critical to providing the strategic support for businesses to navigate the changing energy landscape.

Our Annual Consultant Conference is a chance for us to develop relationships,...

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The £50,000 megawatt: High stakes Triad season is upon us

The cost of using electricity in the Triad periods is set to rise again this winter. Mark Cox, Key Account Manager, discusses when we are most likely to see the Triads and how best to avoid them.

Half hourly electricity demand over the Triad periods (the three highest half hourly peak demand periods between November and February separated by 10 days) is National Grid’s mechanism for covering the cost of operating the transmission system.

Many large energy users attempt to avoid these periods...

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Historic second year of Energy Labels issued to our customers today

We are now in our second year of issuing Energy Labels to our renewable electricity customers. Mike Shirley, Head of Marketing, discusses their importance in providing our customers transparency and clarity.

Buying renewable electricity for your business is a simple concept but there is a level of complexity involved in proving the origins of that electricity which inhibits take-up by some.

Renewable Energy Guarantee of Origin (REGO) certificates were created to provide clarity for renewable...

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Could you achieve a better power price with a trigger-based PPA?

Our recent Power Shift report looks at how generators should switch from fixed Power Purchase Agreements to longer-term structured hedging strategies to get the best revenues in a changing energy market. Chris Smith, Head of Renewable Sales, highlights the potential revenue gains in light of recent market volatility.

Over recent years, the landscape for independent generators has changed rapidly, with subsidies and embedded benefits being reduced and wholesale markets becoming complex and...

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