This week, energy has been in the national news again. The BBC and other news agencies have reported on the gradual reductions in UK electricity generation capacity. The BBC website has an excellent article to read if you click here.
Apart from the risks of increased volatility in energy prices, this news does present opportunities for some UK businesses:
- - Demand-Side Management - Sites that can reduce demand at short notice have a chance to take advantage. The National Grid offers incentive to organisations that can manage their electrical demand for short periods, when national demand reaches its highest levels. If you think your business could do this, contact us to discuss your options.
- - Triad Warnings - If UK generation apacity does materially reduce versus UK energy demand, there is a chance that Triad Charges (TNUOS) will increase. Certain energy supply contracts allow any savings to be passed directly back to the energy consumer. More information can be seen here.
If you need any more information on this situation and how it might affect you, contact us today.