Energy & Carbon Management newsletter - Feb 2012
2
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 / February 2012 Page 1 of 2 Welcome to Energy & Carbon Management’s Newsletter MARKET BRIEF Since our last report the Electricity, Gas and Oil markets have all turned on their head. Having gone through the recent cold snap where much of the UK witnessed snow and subsequent demand levels increased, the markets have not returned to their previous position despite the above average seasonal temperatures currently being experienced. Despite the now lower demand levels, supply shortages have are still apparent and concerns surrounding the oil supplies are continuing to support the market price. ANNUAL REVIEW The Electricity, Gas and Oil markets are all currently following an upward trend. The annual review shows electricity currently positioned at the comparable level to where it was a year ago, with Gas and Oil positioned at 13.64% and 11.95% up respectively. MONTHLY REVIEW The monthly prices show Electricity, Gas and Oil have broken their previous month on month trends with all 3 showing significant month on month increases above 6, 7 and 9% respectively. As previously highlighted much of this possible short-term upward trend has come off the back of the recent cold snap, a knee jerk reaction to the Iranian situation and supply shortages for gas. OTHER MARKET NEWS 1950’s lighting technology could be costing UK Industry £1.4 Billion a year A report entitled ‘The Light Bulb Moment’, produced by a company specialising in new light fittings and retrofit projects that promise to slash energy use, has revealed some interesting findings. The company having completed the research on UK Industrial and Manufacturing firms, profess to have identified what they believe could potentially be savings of up to £1.4 Billion a year by switching to new lighting technologies. PRICES COMPARED TO THIS TIME LAST YEAR. GAS ELECTRICITY ANNUAL REVIEW Electricity (£ MW) £51.330 £51.230 Gas (ppTh) 59.725p 67.875p Oil ($ Brl) $96.97 $108.56 28/02/11 27/02/12 OIL 13.64% –0.19% 11.95% PRICES COMPARED TO THIS TIME LAST MONTH. GAS ELECTRICITY MONTHLY REVIEW Electricity (£ MW) £48.280 £51.230 Gas (ppTh) 63.150p 67.875p Oil ($ Brl) $99.56 $108.56 27/01/12 27/02/12 OIL 7.48% 6.11% 9.04%
-
Upload
energyandcarbonmanagement -
Category
Business
-
view
64 -
download
3
Transcript of Energy & Carbon Management newsletter - Feb 2012
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 / February 2012Page 1 of 2Welcome to Energy & Carbon
Management’s Newsletter
MARKET BRIEFSince our last report the Electricity, Gas and Oil markets have all turned on their head.
Having gone through the recent cold snap where much of the UK witnessed snow and subsequent demand levels increased, the markets have not returned to their previous position despite the above average seasonal temperatures currently being experienced.
Despite the now lower demand levels, supply shortages have are still apparent and concerns surrounding the oil supplies are continuing to support the market price.
ANNUAL REVIEWThe Electricity, Gas and Oil markets are all currently following an upward trend. The annual review shows electricity currently positioned at the comparable level to where it was a year ago, with Gas and Oil positioned at 13.64% and 11.95% up respectively.
MONTHLY REVIEWThe monthly prices show Electricity, Gas and Oil have broken their previous month on month trends with all 3 showing significant month on month increases above 6, 7 and 9% respectively. As previously highlighted much of this possible short-term upward trend has come off the back of the recent cold snap, a knee jerk reaction to the Iranian situation and supply shortages for gas.
OTHER MARKET NEWS1950’s lighting technology could be costing UK Industry £1.4 Billion a yearA report entitled ‘The Light Bulb Moment’, produced by a company specialising in new light fittings and retrofit projects that promise to slash energy use, has revealed some interesting findings. The company having completed the research on UK Industrial and Manufacturing firms, profess to have identified what they believe could potentially be savings of up to £1.4 Billion a year by switching to new lighting technologies.
PRICES COMPAREd TO THIS TIME LAST YEAR.
GASELECTRICITY
ANNUAL REVIEW
Electricity (£ MW) £51.330 £51.230
Gas (ppTh) 59.725p 67.875p
Oil ($ Brl) $96.97 $108.56
28/02
/11
27/02
/12
OIL
13.64%–0.19% 11.95%
PRICES COMPAREd TO THIS TIME LAST MONTH.
GASELECTRICITY
MONTHLY REVIEW
Electricity (£ MW) £48.280 £51.230
Gas (ppTh) 63.150p 67.875p
Oil ($ Brl) $99.56 $108.56
27/01
/12
27/02
/12
OIL
7.48%6.11% 9.04%
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
Mike Chapman, E&CM, Head of Client Services is looking to forge strategic partnerships with a variety of organisations who can help reduce energy consumption through small initial outlay right through to major capital expenditure.
UK Government close to opening £1Billion Pound CCS CompetitionThe UK Government is almost ready to open a contest for £1 Billion in funds that would back Carbon Capture and Storage technologies (CCS), Energy Minster Charles Hendry has announced at conference in London today.
“The UK government is taking forward a Carbon Capture and Storage delivery program with £1 Billion of capital funding to support a portfolio of commercial focussed projects,” Hendry said. These projects are aimed to be commercially deployed by 2020. The government is touting the technology as key to meeting European Union clean energy goals.
QUESTIONS? CONTACT US TOdAY
Telephone01293 651218 Fax01293 512030
Websitewww.energyandcarbonmanagement.com
Energy Newsletter / February 2012Page 2 of 2
