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Renewables Obligation mutualisation predicted further yrs

Renewables Obligation mutualisation predicted further yrs: Forecasts from Cornwall Insight‘s ‘Within-term ROC market forecast’ predict a potential shortfall in the 2020-21 Renewable Obligation (RO) buy-out and late payment fund of over £170mn, with 16 supplier exits to date that could impact upon the scheme’s payments. Furthermore, it predicts that mutualisation will be triggered for the…
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Energy prices rise for

Energy prices rise for SMEs as wholesale prices rise

Energy prices rise for SMEs as wholesale prices rise: In Q321, the average small and medium enterprise (SME) gas contract was priced at the highest values since Cornwall Insight records began in 2012 – reaching 4.98p/th for 1-year acquisition contracts that assume a 25MWh annual consumption. Research from Cornwall Insight’s Pricing in the SME gas…
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SME power prices reach record highs

SME power prices reach record highs: Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212, according to the latest research from Cornwall Insight’s Pricing in the SME power market report. Over the past quarter, prices have increased by 5.82% to average…
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SME energy

SME energy prices increase 18% over the last year

SME energy prices increase 18% over the last year: The latest figures from Cornwall Insight’s SME Power and Gas markets reports shows that energy prices for small and medium enterprises (SME) new contracts had increased 18%* over the last 12 months when power stood at 15.22p/kWh and gas at 3.23p/kWh. Over the past quarter, prices…
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Siemens Energy slash 7800 gas & power positions

Siemens Energy slash 7800 gas & power positions: Siemens Energy has reported it will reduce 7,800 jobs globally from its gas & power departments by the close of 2025. The action is part of procedures put in place by the firm to reduce operational costs by at the minimum of €300 million (£264.5m) by 2023.…
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