Released on: October 31, 2011, 3:29 pm
Author:
npower
Industry:
Energy
npower has launched its latest energy market update, as part of its ongoing drive to help businesses and energy professionals to better understand the UK power market so that they can more effectively manage their price and volume risks.
Delivered from npower's award winning Optimisation Desk by expert Magali Hodgson, npower's fortnightly energy market update report details how even though the microeconomic outlook in the Eurozone remains uncertain leaving Brent volatile, the forecast of above average temperatures and high UK storage levels are giving a healthy outlook to the prompt market.
Magali Hodgson commented: "Forecast of above average temperature for the next couple of weeks and the UK's gas and power system coping comfortably with the start of the winter, have removed some of the risk premium from the balance of the winter prices, giving a bearish sentiment to the prompt for the moment. It is also interesting to note that summer 2012 and Winter 2013 are now back to levels seen before the Japanese disaster indicating that there is maybe some upside to come as buyers come into the market.
"The question is when will the predicted cold temperature come, and will it be as cold as last winter's?"
The npower energy market updates are filmed on a fortnightly basis by independent news agency, Energy Live News. They are delivered from npower's Optimisation Desk, which is a unique service that provides businesses using flexible purchase energy contracts with access to information on the UK wholesale energy market and up to date advice on an individual basis.
More information and the updates can be found at www.npower.com/Large-Business/Energy-news/Market-update/index.htm. Those who would like to suggest a market update topic of interest or to discuss its content can contact Magali Hodgson at npower by emailing business@npower.com.
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About npower:
npower is one of the top energy suppliers to the UK business market, serving over
238,000 small to medium sized enterprise sites and around 17,000 industrial and
commercial customers, with over 100,000 sites.
npower Industrial and Commercial Markets is an award-winning business energy supplier. In 2010 it was named 'The Consumer Supplier of the Year' at The Energy Event and was also awarded 'Energy Supplier of the Year' at the inaugural Energy 'Buying & Supplying Excellence' Awards. Both awards were voted for by business customers.
npower is dedicated to helping UK businesses use energy more efficiently and therefore spend less money on their bills. We aim to have a positive impact on the communities we serve and reduce our customers’ carbon footprint whilst always improving our service to our customers.
npower specialises in risk management solutions, including market-leading flexible energy purchasing, energy efficiency, and broader energy management functions, tailored to every size of business.
npower helps companies monitor and manage energy consumption to bring commercial and environmental benefits. To achieve this, npower has developed a monitoring and targeting (M&T) tool - encompass. A web-based system, 'encompass' gives businesses accurate and timely information on their energy consumption, providing them with data they need to implement cost and CO2 reduction policies. The system automatically collects data from half-hourly and smart meters, providing a detailed report on a business' energy consumption behaviour, and the related cost and environmental impacts of this. With this data, benchmarks can be set and consumption tracked, alongside mapping of carbon use and cost.
For major energy users, npower offers multi-utility management consultancy to help
organisations to improve efficiencies right across the procurement/consumption
chain.
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