Posted on: 13/12/2019
Sustainability Report 2019 Launched!
After the launch of our Sustainability Report 2019, Deputy Vice-President of Marketing, Mike Shirley outlines some key highlights and what future actions we’re taking to reduce our carbon footprint.
With 2019 having seen the UK make a binding commitment to reach net zero by 2050, the sustainability of business operations has never been more front-of-mind.
As an energy supplier, not only do we have a responsibility to ensure the sustainability of our own business operations, but by helping to ...
Posted on: 06/12/2019
Power Markets Review: November 2019
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis takes a look at changes across commodity markets throughout November, as well as the drivers behind them.
The Front Season contract (the Summer 20 power contract) opened at over £46/MWh at the beginning of November, before proceeding to soften to a low of £43.75/MWh. The back half of the month saw some recovery however, with the contract trading around £44.80/MWh in the last days of ...
Posted on: 02/12/2019
Ofgem's TCR Final Decisions
After Ofgem published their final decisions under the Targeted Charging Review, Head of Pricing, Tom Putney takes a look at the future charging landscape and what it means for both end users and power generators.
With the aim of making the charges fair and transparent, Ofgem has now decided to levy all residual charges on end consumers. Residual charges are those charges which recover the costs of using the network, rather than the forward-looking costs designed to reduce the...
Posted on: 29/11/2019
A consensus on smart systems and flexibility
Following the conclusion of the latest edie Energy Leaders Club event where Lisa Bunting, Commercial Manager, hosted two roundtable discussions on smart systems and flexibility, she outlines key takeaways provided by energy managers at the forefront of the UK’s efforts to decarbonise and achieve net-zero targets.
It was clear from the outset of the second annual edie ‘Spark!’ event for members of the Energy Leaders Club, that flexibility would be a popular topic. With companies having varied...
Posted on: 20/11/2019
Beyond the Brexit Election: Conservative Energy Policy
Ahead of the General Election on 12th December, Head of Regulatory Affairs at SmartestEnergy, Colin Prestwich looks at how Conservative energy policy has evolved over the last two to three years and anticipates the contents of the Conservatives’ 2019 election manifesto.
The manifesto set out by the Conservative Party in the General Election of 2017 contained various headline positions on policy within the energy sector such as reaffirmed support for the Smart Meter rollout, continued support...
Posted on: 14/11/2019
New Opportunities for Distributed Generators: The Balancing Mechanism
As SmartestEnergy have dispatched our first trade in the Balancing Mechanism since it opened up to distributed generation, Head of Asset-Backed Trading, Simon Kneale outlines what the BM is and the opportunity it now offers.
Put simply, the BM is National Grid’s primary tool for ensuring that the system remains in balance – meaning that generation equals demand near to real-time. Markets dictate supply and demand up until gate closure (1 hour before any given half-hourly settlement period...
Posted on: 07/11/2019
Power Markets Review: October 2019
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis takes a look at changes across commodity markets throughout October, as well as the drivers behind them.
Beginning with the Summer 20 power contract, which opened in October at £48.55/MWh, we’ve seen a steady drop in value over the month. It now trades at around £45.50/MWh which represents a loss of over £3 from month open to close. This has been the case despite an increase on carbon. ...
Posted on: 31/10/2019
Triad Season 2019
As the Triad season fast approaches, Strategic Account Manager, Mark Cox takes a look at what it means for business consumers and how they can make cost savings by reacting to times of peak demand.
Triads are the three highest half hourly periods of demand (usually between 4pm-7pm) throughout November to February, separated by 10 clear days. These three half hourly periods cover the cost of running the transmission network, also known as Transmission Network Use of System (TNUoS) charges at...
Posted on: 24/10/2019
Announcements, Brexit and Conference Season – The ABC of Labour Energy Policy
In the current period of political uncertainty caused by Brexit, a general election is becoming a more likely prospect. In this latest blog, Head of Regulatory Affairs, Colin Prestwich outlines what we know about the Labour Party’s recent thinking on energy and what it might mean for the sector.
In an interview with The Guardian in late December 2018, Shadow Secretary of State for the Department of Business, Energy and Industrial Strategy, Rebecca Long-Bailey affirmed that the party’s target...
Posted on: 11/10/2019
SmartestEnergy shortlisted for two Energy Awards
SmartestEnergy has been shortlisted for two Energy Awards this year - Supplier of the Year and Innovation of the Year. Head of Industrial and Commercial Supply Sales, Nathan Dad explains our innovative approach which has caught the eye of the judges.
At SmartestEnergy everything we do is centred around our customers, so I’m delighted this has been recognised by the judges in our awards applications and we have been named finalists for these two categories.
Innovation of the Year...