utility management electricity gas water We know energy. Telephone 01293 651218 Email [email protected] Website www.energyandcarbonmanagement.com Energy and Carbon Management Limited Longley House, International Drive, Crawley, West Sussex, RH10 6AQ © 2012 Energy and Carbon Management Limited Energy Newsletter / July 2012 Page 1 of 2 Welcome to Energy & Carbon Management’s Newsletter MARKET IN BRIEF The Electricity and Gas prices look to have found a support point this month and remain virtually unchanged from last month. Some suppliers are reporting demand levels for energy being down 25% largely due to the warmer weather we are currently experiencing. Oil has continued its downward movement contributing to Electricity and Gas not breaking their own consecutive monthly declines of the last quarter. Whilst near term contract renewals are still softening, further out prices are subject to slight premiums due to concerns over supplies of oil due to escalating tensions in the Middle East. ANNUAL REVIEW The annual review shows Electricity, Gas and Oil are all showing sizeable wholesale market price decreases from the level they were at a year ago, at over 16, 13 and 20% respectively. At the end of 2011 analysts and notably BP chief executive Bob Dudley forecast that Oil prices would be unlikely to fall below $90 a barrel in 2012. Currently Oil is sitting at just under $80 a barrel, with Electricity and Gas price levels also positioned near to their own perceived market floors. Now is an attractive time to be locking out energy contracts. MONTHLY REVIEW For the fourth month in succession all three commodities have continued their respective downward trends. Electricity and Gas decreases in the month-on-month comparison are very marginal with Oil showing the most significant decrease at nearly 5% partly due to falling demand in the EU, the US and China. OTHER MARKET NEWS Energy efficiency ranking of the world’s 12 major economic countries The UK has come first in a new energy efficiency ranking of the world’s 12 major economic countries. PRICES COMPARED TO THIS TIME LAST YEAR GAS ELECTRICITY ANNUAL REVIEW Electricity (£ MW) £55.825 £46.675 Gas (ppTh) 69.125p 60.10p Oil ($ Brl) $99.59 $79.36 26/7/11 26/7/12 OIL -13.05% -16.39% -20.31% PRICES COMPARED TO THIS TIME LAST MONTH GAS ELECTRICITY MONTHLY REVIEW Electricity (£ MW) £46.84 £46.675 Gas (ppTh) 60.425p 60.10p Oil ($ Brl) $83.27 $79.36 26/6/12 26/ 7/12 OIL -0.54% -0.35% - 4.7%
Energy & Carbon Management newsletter - July 2012
Jul 10, 2015
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utility management electricity gas waterWe know energy.
Telephone 01293 651218 Email [email protected] Website www.energyandcarbonmanagement.comEnergy and Carbon Management Limited Longley House, International Drive, Crawley, West Sussex, RH10 6AQ © 2012 Energy and Carbon Management Limited
Energy Newsletter / July 2012Page 1 of 2Welcome to Energy & Carbon
Management’s Newsletter MARKET IN BRIEFThe Electricity and Gas prices look to have found a support point this month and remain virtually unchanged from last month. Some suppliers are reporting demand levels for energy being down 25% largely due to the warmer weather we are currently experiencing. Oil has continued its downward movement contributing to Electricity and Gas not breaking their own consecutive monthly declines of the last quarter. Whilst near term contract renewals are still softening, further out prices are subject to slight premiums due to concerns over supplies of oil due to escalating tensions in the Middle East. ANNUAL REVIEWThe annual review shows Electricity, Gas and Oil are all showing sizeable wholesale market price decreases from the level they were at a year ago, at over 16, 13 and 20% respectively. At the end of 2011 analysts and notably BP chief executive Bob Dudley forecast that Oil prices would be unlikely to fall below $90 a barrel in 2012. Currently Oil is sitting at just under $80 a barrel, with Electricity and Gas price levels also positioned near to their own perceived market floors. Now is an attractive time to be locking out energy contracts. MONTHLY REVIEWFor the fourth month in succession all three commodities have continued their respective downward trends. Electricity and Gas decreases in the month-on-month comparison are very marginal with Oil showing the most significant decrease at nearly 5% partly due to falling demand in the EU, the US and China. OTHER MARKET NEWS
Energy efficiency ranking of the world’s 12 major economic countriesThe UK has come first in a new energy efficiency ranking of the world’s 12 major economic countries.
PRICES COMPAREd TO THIS TIME LAST YEAR
GASELECTRICITY
ANNUAL REVIEW
Electricity (£ MW) £55.825 £46.675
Gas (ppTh) 69.125p 60.10p
Oil ($ Brl) $99.59 $79.36
26/7
/11
26/7/
12
OIL
-13.05% -16.39% -20.31%
PRICES COMPAREd TO THIS TIME LAST MONTH
GASELECTRICITY
MONTHLY REVIEW
Electricity (£ MW) £46.84 £46.675
Gas (ppTh) 60.425p 60.10p
Oil ($ Brl) $83.27 $79.36
26/6
/12
26/7
/12
OIL
-0.54%-0.35% -4.7%
utility management electricity gas waterWe know energy.
Telephone 01293 651218 Email [email protected] Website www.energyandcarbonmanagement.comEnergy and Carbon Management Limited Longley House, International Drive, Crawley, West Sussex, RH10 6AQ © 2012 Energy and Carbon Management Limited
In the first international scorecard developed by The American Council for an Energy-Efficient Economy (ACEEE), Britain is closely followed by Germany, Japan and Italy, while the US is in 9th place. The 12 countries represent about 63% of global energy consumption and 62% of global carbon emissions. Energy Secretary Ed Davey welcomed the new publication and was pleased with the results. He said: “Making our buildings and industries more energy efficient is a significant challenge, one that will take years to meet; doing so cost effectively will mean drawing on the experiences of others. This study is a fascinating collection of best practice, setting out innovations which can accelerate economic growth, enhance energy security – and save our households and businesses money.”
Industry welcomes Government decision on wind, wave and tidal to unlock growthRenewable UK, the trade and professional body for the wind and marine energy industries has welcomed the Government’s announcement on levels of financial support for onshore and offshore wind, and wave tidal energy, following the long-awaited conclusion of the Renewables Obligation Banding Review.
The additional certainty that this announcement provides could help the Onshore Wind sector grow to employ over 12,000 people by 2020 and add over a billion pounds to the UK’s economy every year.
Centrica post huge half year profitsCentrica made £1.45 billion in profits for the first half of the year, a 15% rise in profits on the same period last year. This includes a 23% rise in profits at its UK business British Gas.
The company’s interim results for the first half of 2012 show energy supply to homes appears to have made a healthy chunk of the profits, with £345m coming from the residential energy supply and £125m for residential services.
Chief Executive Sam Laidlaw said: “Centrica has performed well in the first half of 2012 despite challenging market conditions, although the increases in earnings must be placed in the context of unusually low levels of consumption and profits in the UK in the first half of 2011.”
Energy Newsletter / July 2012Page 2 of 2
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