Smart Energy Company

Daily Energy Market Report & Business Rates | Smart Energy Co

tom@smart-energy.uk (Thomas McGlynn) — Thu, 30 Apr 2026 15:23:15 GMT

Iran Conflict: Impact on UK Business Energy Prices

Wed, 29 Apr 2026 10:16:27 GMT

Day 54. Ceasefire extension holding but settlement climbed a third day — gas +4%, power +1%. UK nuclear delays, weak wind, vessel seizures support prices.

Weekly Energy Market Update: 20th - 24th April 2026

Mon, 27 Apr 2026 08:49:02 GMT

Week 17. Gas up 9.7% as Middle East ceasefire collapses — but still 20% below 30 days ago. Get quotes if renewing in 2026.

EDF Back-Billing Dispute: How We Reduced an £84,963 Bill to £2,158

Wed, 22 Apr 2026 08:51:01 GMT

An EDF client faced an £84,963 bill based on years of estimated reads. We disputed it, invoked Ofgem's backbilling rules, and got it down to £2,158.

Weekly Energy Market Update: 13th - 17th April 2026

Mon, 20 Apr 2026 09:42:08 GMT

Week 7. Gas down 11.5% on Trump talks hint — best week of the conflict. But weekend Hormuz reclosure and US vessel seizure reversed the optimism.

Energy Market Update: 7th - 10th April 2026

Mon, 13 Apr 2026 09:24:11 GMT

Week 6. Ceasefire crashed gas 14% then prices bounced. No LNG through Hormuz. Gas down 9% on the week — then peace talks collapsed over the weekend.

UK Energy Market Update: 30th March - 2nd April 2026

Tue, 07 Apr 2026 12:52:17 GMT

Week 5. May-26 gas down 11% in 30 days — first real drop since the conflict. Power down 13%. Contracts rolled. What it means for your renewal.

March 2026 UK Energy Market Trends: Gas, Power & Oil

Wed, 01 Apr 2026 14:42:31 GMT

March 2026 monthly review. Gas rose 79% as the Iran conflict closed Hormuz and damaged Qatar's LNG facilities. What happened, week by week, and what it means for you

UK Business Energy Market Review: Q1 2026

Wed, 01 Apr 2026 10:01:10 GMT

Q1 2026: gas doubled and power rose 40% after Operation Epic Fury reshaped global LNG supply. Full quarterly breakdown and Q2 outlook for UK businesses.

UK Energy Market Update: 23rd - 27th March 2026

Mon, 30 Mar 2026 10:08:22 GMT

Week 4. Gas down 10% — biggest weekly fall since the conflict. Trump's ultimatum spiked gas to 159p then sold off. 10 tankers through Hormuz. What it means for you

UK Energy Market Update: 16th - 20th March 2026

Mon, 23 Mar 2026 11:25:17 GMT

Week 3. Kharg Island demolished. South Pars struck. Ras Laffan 17% offline for 3-5 years. Gas up 24% this week, 121% in 30 days. What it means for your contract.

Should You Fix for 1 Year or Longer? The Real Maths Behind Contract Length

Wed, 18 Mar 2026 09:42:12 GMT

Should you fix for 1 year or 3? Most businesses compare the headline rate — but 60% of your bill isn't even the energy. Here's what you need to know before signing.

How to Claim Up to 92% Off Your Climate Change Levy

Mon, 16 Mar 2026 12:21:01 GMT

Up to 92% off your Climate Change Levy with a CCA. New rates from April 2026. PP10 and PP11 forms must be submitted by 17 April. Here's how to claim.

UK Energy Market Update: 9th - 13th March 2026

Mon, 16 Mar 2026 11:15:19 GMT

Gas peaked at 135p, crashed 11%, bounced back to 124p. Brent hit $119 then $88 then $105. IEA: largest supply disruption in history. What it means for your contract.

UK Energy Market Update: 2nd - 6th March 2026

Mon, 09 Mar 2026 09:57:27 GMT

UK wholesale gas surged 67% and electricity 44% as the Iran conflict hit supplies. Forward curve analysis, renewal guidance and what to watch next week.

February 2026 UK Energy Market Trends: Gas, Power & Oil

Mon, 02 Mar 2026 10:02:08 GMT

Gas fell 6.9% to 78.49p and power dropped 11.9% to £71.12 in February 2026. Mild weather outweighed US-Iran tensions. See the full month-by-month breakdown.

UK Energy Market Update: 23rd - 27th Feb 2026

Mon, 02 Mar 2026 09:43:39 GMT

Gas and power prices fell overall despite a sharp Friday spike after US–Iran talks failed. See this week’s UK energy market update and outlook.

CCL Rates Increasing in April 2026: Updated Business Energy Levy Guidance

Fri, 27 Feb 2026 14:59:29 GMT

UK Energy Market Update: 16th - 20th Feb 2026

Mon, 23 Feb 2026 09:38:55 GMT

UK wholesale energy rose sharply as US-Iran talks collapsed. Gas closed at 80.77p (+8%) and power at £72.49. See what moved the market.

UK Energy Market Update: 9th - 13th Feb 2026

Mon, 16 Feb 2026 10:22:31 GMT

UK Energy Market Update: 2nd - 6th Feb 2026

Mon, 09 Feb 2026 09:43:18 GMT

UK gas and power prices fell around 9% in early February 2026 as weather fears eased. See what moved the market and what to watch next.

January 2026 UK Energy Market Trends: Gas, Power & Oil

Mon, 02 Feb 2026 11:52:15 GMT

January 2026 saw UK energy prices surge as winter demand returned. Gas rose 22.6% and power climbed 10.1%. See what drove the market and what it means for businesses

UK Energy Market Update: 26th - 30th Jan 2026

Mon, 02 Feb 2026 11:10:20 GMT

UK gas and power prices rose sharply in late January 2026 as colder weather returned. See what moved the market and when to lock in energy rates.

UK Energy Market Update: 12th - 16th Jan 2026

Sun, 18 Jan 2026 15:06:36 GMT

UK Energy Market Update 12–16 Jan 2026: gas prices jumped ~17% and power rose ~10% amid weather-driven volatility. Weekly price action, analysis and renewal insights

UK Energy Market Update: 5th - 9th Jan 2026

Mon, 12 Jan 2026 10:00:31 GMT

Peak cold week with extreme demand. Spot volatility to £117.95. Forwards repriced lower as forecasts warm. Feb-26: 71.47p gas, £81.20 power. Q2 spring: 11% cheaper.

2025 UK Energy Market Review: Gas Down 35%, New Levies, and What's Next

Mon, 05 Jan 2026 12:30:12 GMT

2025 UK energy year in review: Gas fell 35% from January peak. Peace talks, new levies, supplier failures — the complete breakdown and what it means for 2026.

December 2025 UK Energy Market Trends: Gas, Power & Oil

Mon, 05 Jan 2026 11:38:26 GMT

December 2025 UK energy review: Gas crashed to 65.42p mid-month before cold and Troll outage pushed close to 74.75p. Week-by-week breakdown and renewal guidance.

UK Energy Market Update: 22nd Dec 2025 - 2nd Jan 2026

Mon, 05 Jan 2026 11:10:22 GMT

Cold spike, Troll outage, then milder repricing. Jan-26 gas 75.35p, power £81.50. Holiday panic eased as supply proved abundant. Renewal guidance inside.

UK Business Energy Market Review: Q4 2025

Wed, 31 Dec 2025 14:25:11 GMT

Q4 2025 UK energy review: Gas fell 9% on peace talks, then rebounded on cold weather. Nuclear RAB Levy launched, Tomato Energy collapsed. Full breakdown inside.

UK Energy Market Update: 15th - 19th Dec 2025

Mon, 22 Dec 2025 11:23:13 GMT

Sideways consolidation disrupted by falling wind + emerging cold. Gas reprices to 73.10p, power £83.45. Peace talks easing war premium. Renewal guidance inside.

UK Energy Market Update: 8th - 12th December 2025

Mon, 15 Dec 2025 10:24:35 GMT

Cal26 gas down 1.7% to 65.78p, power down 0.8% to £69.40. Fourth consecutive week of falls — possible bottom forming. Get quotes now or wait? We break it down.

TotalEnergies Deemed Energy Rates – What They Mean for Your Business (Updated November 2025)

tom@smart-energy.uk (Thomas McGlynn) — Thu, 11 Dec 2025 16:29:27 GMT

Total Energies Out of Contract Rates. See what the current Standard Variable Tariff is with Total Energies.

SSE Variable Business Rates – Effective October 2025

tom@smart-energy.uk (Thomas McGlynn) — Wed, 10 Dec 2025 10:02:50 GMT

Avoid high out-of-contract rates with SSE. See the latest Variable Business Rates and learn how to secure better deals in our blog.

UK Energy Market Update: 1st - 5th December 2025

Tue, 09 Dec 2025 09:27:58 GMT

Cal26 gas crashed below 67p – down 6.4% this week, 13% in two weeks. Mild weather and strong wind drove falls. What it means for your renewal.

November 2025 UK Energy Market Trends: Gas, Power & Oil

Mon, 01 Dec 2025 13:26:57 GMT

Cal-26 down 7% as peace talks ease geopolitical risk. Cold demand structural mid-month. Gas 71.53p, power 72.55£. Get renewal guidance for December's year-end panic.

UK Energy Market Update: 24th - 28th November 2025

Mon, 01 Dec 2025 13:15:03 GMT

Prices down 7% as peace talks shift sentiment. Gas 75.67p (Dec-25), power 79.21£. Cold demand structural. Get guidance on whether to lock now or wait.

Autumn Budget 2025: What It Means for Business Energy (And What It Didn't Address)

Wed, 26 Nov 2025 14:21:20 GMT

Autumn Budget 2025 explained for businesses. Household levies cut, wholesale prices down 20%, but Nuclear RAB Levy and TNUoS increases still coming.

Ukraine Peace Talks November 2025: Should Your Business Renew Energy Contracts Now?

Tue, 25 Nov 2025 15:53:54 GMT

Ukraine peace talks create energy market uncertainty. Smart Energy Company analyses whether UK businesses should renew contracts now or wait for developments.

What Does Energy Broker Regulation 2026 Mean for UK Businesses?

Tue, 25 Nov 2025 11:26:15 GMT

Government announces Ofgem as energy broker regulator from 2026. Smart Energy Company explains how regulation will eliminate cowboy brokers and benefit UK businesses

Drax Out of Contract Rates: What Your Business Could Pay

tom@smart-energy.uk (Thomas McGlynn) — Mon, 24 Nov 2025 11:19:21 GMT

Paying Drax’s out-of-contract rates? Discover what they cost, why they’re risky, and how to get a tailored fixed quote with Wattson in under 2 minutes.

Dyce Energy Out of Contract Rates: Avoid High Costs & Save Today

tom@smart-energy.uk (Thomas McGlynn) — Mon, 24 Nov 2025 10:24:56 GMT

�� Quick Summary - Current Dyce Energy Out of Contract Rates

Half Hourly customers should request a full site-specific quote due to significant regional and voltage-level variations.

⚡ Why Out of Contract Rates Cost You More

Out of contract rates exist to protect the supplier, not the customer. These Dyce transition rates are typically 40% to 70% higher than what you could achieve on a fixed-term deal. Remaining on these tariffs can quickly add thousands of pounds to your annual energy costs.

If your contract has ended, don’t delay — switching to a fixed contract now can deliver substantial savings.

Avoid paying more than you need to

Get your free quote now.

�� Dyce Energy Out of Contract Rates in More Detail

�� Gas Transition Rates (from 26 June 2024)

�� Electricity Non-Half Hourly Transition Rates (from 26 June 2024)

Standing Charge: 360 p/day
Unit Rate: 47.5 p/kWh【64†source】

�� Electricity Half Hourly Transition Rates (from 8 July 2024)

Dyce HH transition rates vary by region and voltage level:

Low Voltage Standing Charges: From 2990 p/day (London) up to 3890 p/day (North Wales & Merseyside)【64†source】
High Voltage Standing Charges: From 10160 p/day (London) up to 24730 p/day (North Wales & Merseyside)【64†source】
Day Rates: Typically 49-53 p/kWh depending on region
Night Rates: Typically 44-46 p/kWh depending on region
DUoS Capacity Charges: From 9.2 p/kVA/day up to 31.3 p/kVA/day depending on location【64†source】

�� Full Rate Tables Available

Due to the complexity of Dyce's OOC pricing structure, especially for Half Hourly supplies, we strongly recommend downloading the full rate sheets or speaking to us directly for a tailored quote.

Note: The actual prices you pay depend on your location, meter type, and usage profile. Contact us for personalised advice.

�� How We Help Businesses Like Yours

At Smart Energy Company:

We compare live pricing across 28+ suppliers
Secure competitive fixed-term contracts
Handle switching, paperwork, and contract timing
Ensure you never roll onto expensive OOC rates again

Whether you're about to expire, already out of contract, or want to review early — we can help.

�� Take Action Now

Don't let Dyce's expensive transition rates erode your profit margins. Let us help you secure a better deal quickly and easily.

Disclaimer: Rates correct as of July 2024. All prices exclude VAT, Climate Change Levy (CCL), and Metering Costs. Pricing is subject to regional and site-specific variations.

UK Energy Market Update: 17th - 21st November 2025

Mon, 24 Nov 2025 10:21:15 GMT

Stay ahead of the market

Get weekly insights, live pricing updates, and actionable timing advice — straight to your inbox.

��Renewal guidance

�� Weekly updates

��Live forward price

Why subscribe? Markets move fast. Our weekly snapshots help you stay informed and seize the right moment to renew — without the noise.

Privacy first: We'll never spam or share your details. Unsubscribe anytime in one click.

E.ON Next Out of Contract and Deemed Energy Rates (Effective October 2025)

tom@smart-energy.uk (Thomas McGlynn) — Fri, 21 Nov 2025 15:28:56 GMT

Learn about E.ON Next’s out-of-contract rates effective from October 2025 and how to avoid higher costs with a fixed-term deal.

Crown Gas & Power Out of Contract Rates – Updated November 2025

tom@smart-energy.uk (Thomas McGlynn) — Thu, 20 Nov 2025 14:18:25 GMT

Crown Gas & Power Out of Contract Rates. See what you will be charged should you go Out of Contract with Crown.

Npower: Out of Contract (Default) Rates - October 2025 Update

tom@smart-energy.uk (Thomas McGlynn) — Wed, 19 Nov 2025 09:14:48 GMT

Npower Out of Contract prices (default) from 01/10/2025. Updated quarterly. Check to see what you will be charged when your supply ends

Corona Energy Out of Contract Rates – October 2025 Update

tom@smart-energy.uk (Thomas McGlynn) — Tue, 18 Nov 2025 12:01:43 GMT

Learn how to avoid Corona Energy’s high out-of-contract rates and secure tailored, cost-saving energy solutions with The Smart Energy Company.

Clear Business Out of Contract Rates (Effective December 2025)

tom@smart-energy.uk (Thomas McGlynn) — Tue, 18 Nov 2025 10:57:49 GMT

Discover how to avoid Clear Business's high deemed and out-of-contract rates. Save money with tailored energy solutions today.

EDF Extended Supply Rates – Effective 1st November 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 17 Nov 2025 15:28:40 GMT

Learn about EDF Energy’s out-of-contract rates for electricity and gas. Discover how to secure better deals for your business.

Pozitive Energy Out of Contract Rates: Avoid Sky-High Costs Today

tom@smart-energy.uk (Thomas McGlynn) — Mon, 17 Nov 2025 14:16:25 GMT

Discover Pozitive Energy's Out of Contract Rates, how high out-of-contract rates could impact your business and learn how to save with The Smart Energy Company.

United Gas and Power Deemed and Out of Contract Rates – May 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 17 Nov 2025 11:06:48 GMT

⚡ Why Being Out of Contract Costs You More

Out of contract rates are designed to protect suppliers rather than the customer. If you roll onto OOC rates, you lose the benefit of market competition and risk paying substantially higher charges . For many businesses, this can mean thousands of pounds in avoidable costs over a year.

If you're approaching your contract end date, or you're already out of contract, it is crucial you secure a new deal as soon as possible.

�� Avoid paying more than you need to.

Get your free, no-obligation quote today.

�� How We Can Help

At Smart Energy Company, we specialise in securing highly competitive fixed-term contracts across over 28 trusted UK suppliers. Whether you're with United Gas & Power or any other supplier, we:

Compare live rates across the market
Handle the full switch for you
Provide contract advice tailored to your business needs
Act quickly to avoid costly OOC charges

Even if you're mid-contract, it's worth reviewing future rates now, especially with today's volatile energy market.

FAQs About United Gas and Power Out of Contract Rates

�� Take Action Today

Don't let OOC rates eat into your business profits. Let us handle the market search and secure a tailored, competitive deal for your business energy needs.

UK Energy Market Update: 10th - 14th November 2025

Mon, 17 Nov 2025 09:50:38 GMT

Stay ahead of the market

Get weekly insights, live pricing updates, and actionable timing advice — straight to your inbox.

��Renewal guidance

�� Weekly updates

��Live forward price

Why subscribe? Markets move fast. Our weekly snapshots help you stay informed and seize the right moment to renew — without the noise.

Privacy first: We'll never spam or share your details. Unsubscribe anytime in one click.

British Gas Out of Contract Rates (Effective October 2025)

tom@smart-energy.uk (Thomas McGlynn) — Fri, 14 Nov 2025 12:18:23 GMT

British Gas VPP rates Oct 2025. Businesses overpaying 35-45%. Get free quotes from 28+ suppliers. Switch in 2-5 days & save £3,000-£5,000+ yearly.

British Gas Lite Out of Contract Rates – New Prices from October 2025

tom@smart-energy.uk (Thomas McGlynn) — Fri, 14 Nov 2025 11:17:46 GMT

See what rates you will be charged when your contract with British Gas Lite comes to an end. Contact us for a free quote and save!

Ofgem Appoints British Gas for Tomato Energy Customers (SoLR) — What It Means for Your Business

Fri, 14 Nov 2025 10:27:29 GMT

Nuclear RAB Levy Update: What Suppliers Are Actually Doing & What You Need to Ask

Wed, 12 Nov 2025 10:17:12 GMT

Suppliers are handling the Nuclear RAB Levy differently. Here's what's actually happening, questions to ask, and how to compare quotes properly.

UK Energy Market Update: 3rd - 7th November 2025

Mon, 10 Nov 2025 13:53:19 GMT

Stay ahead of the market

Get weekly insights, live pricing updates, and actionable timing advice — straight to your inbox.

��Renewal guidance

�� Weekly updates

��Live forward price

Why subscribe? Markets move fast. Our weekly snapshots help you stay informed and seize the right moment to renew — without the noise.

Privacy first: We'll never spam or share your details. Unsubscribe anytime in one click.

Tomato Energy Ceases Trading: What Happened and What It Means for Your Business

Thu, 06 Nov 2025 09:18:41 GMT

October 2025 UK Energy Market Trends: Gas, Power & Oil

Wed, 05 Nov 2025 10:11:11 GMT

Review the UK energy market in Oct 2025: Gas averaged 78.60p/th and power 75.62 £/MWh. See forward outlook, contract advice, and tailored renewal tips.

UK Energy Market Update: 27th - 31st October 2025

Mon, 03 Nov 2025 09:37:37 GMT

Stay ahead of the market

Get weekly insights, live pricing updates, and actionable timing advice — straight to your inbox.

��Renewal guidance

�� Weekly updates

��Live forward price

Why subscribe? Markets move fast. Our weekly snapshots help you stay informed and seize the right moment to renew — without the noise.

Privacy first: We'll never spam or share your details. Unsubscribe anytime in one click.

UK Energy Market Update: 20th - 24th October 2025

Mon, 27 Oct 2025 12:23:02 GMT

Stay ahead of the market

Get weekly insights, live pricing updates, and actionable timing advice — straight to your inbox.

��Renewal guidance

�� Weekly updates

��Live forward price

Why subscribe? Markets move fast. Our weekly snapshots help you stay informed and seize the right moment to renew — without the noise.

Privacy first: We'll never spam or share your details. Unsubscribe anytime in one click.

UK Energy Market Update: 13th - 17th October 2025

Mon, 20 Oct 2025 10:53:05 GMT

Stay ahead of the market

Get weekly insights, live pricing updates, and actionable timing advice — straight to your inbox.

��Renewal guidance

�� Weekly updates

��Live forward price

Why subscribe? Markets move fast. Our weekly snapshots help you stay informed and seize the right moment to renew — without the noise.

Privacy first: We'll never spam or share your details. Unsubscribe anytime in one click.

EII Support Levy Explained: Why It Appears as the Network Charging Compensation Charge

Wed, 15 Oct 2025 11:18:11 GMT

Tomato Energy Faces Administration Following £1.5m Ofgem Penalty

Wed, 15 Oct 2025 10:22:43 GMT

UK Energy Market Update: 6th - 10th October 2025

Mon, 13 Oct 2025 14:40:14 GMT

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

Not Ready to Lock In?

Get a one-line nudge when prices move. Subscribe to weekly market updates and we’ll flag real opportunities — no jargon.

Ecotricity Out of Contract Rates – Effective 1st February 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 07 Oct 2025 14:47:17 GMT

Are You on Ecotricity's Out of Contract Rates Without Realising?

UK Energy Market Update: 29th September - 3rd October 2025

Mon, 06 Oct 2025 08:53:32 GMT

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

Not Ready to Lock In?

Get a one-line nudge when prices move. Subscribe to weekly market updates and we’ll flag real opportunities — no jargon.

Cowboy Brokers & Business Energy Contracts | Smart Energy

Fri, 03 Oct 2025 09:05:06 GMT

A supplier trial now allows uplifts of up to 2.5p/kWh. Here’s how cowboy brokers could exploit it — and how to protect your business.

With rising costs in the energy market, getting the cheapest business energy deal has never been more important. And with Ofgem’s recent regulation changes, it seemed like the days of cowboy energy brokers were finally behind us. After all, brokers now have to declare their commission uplifts in your contract.

But in a sharp turn of events, one major supplier has recently increased the maximum uplift a broker can apply – not reduced it. That means if a broker doesn't have your best interests at heart, they can now stack up to 2.5p/kWh on top of the base rates .

⚡ What Is an Energy Broker Uplift?

When a broker arranges your energy contract, they make their money by adding a small “uplift” to the supplier’s base rate. You don’t see this on your bill — you just see the total unit price.

For example, if the supplier’s base price is 4.00p/kWh and your broker adds 1.00p/kWh , your contract rate becomes 5.00p/kWh .

This might sound small, but when you multiply it across your annual usage, it can add thousands of pounds.

�� What This Means in Real Money

Let’s look at a medium-sized restaurant using 178,000 kWh of gas a year .

Base wholesale cost: 4.00p/kWh
Fair uplift (0.50p): Total = 4.50p/kWh → Annual cost = £8,010
High uplift (2.50p): Total = 6.50p/kWh → Annual cost = £11,570

�� The higher uplift of 2.5p/kWh works out as £4,450 in broker commission every year — money that goes straight into their pocket.

And that’s just one site. For a business with multiple locations, the hidden cost multiplies fast.

�� Why This Is a Problem

A broker could present the higher-uplift contract as “favourable” while hiding cheaper tariffs from other suppliers , simply because it makes them more money.

Instead of suppliers tightening uplifts to protect businesses, this kind of change makes it easier for cowboys to profit — at your expense.

�� Think You’re Paying Too Much?

Don’t let cowboy brokers line their pockets at your expense. Our Beat My Broker service shows you exactly what’s built into your quotes and helps you secure a fair deal.

�� Are You Really Seeing the Whole Market?

When your broker sends you quotes, ask yourself:

Am I seeing all suppliers, or just the ones that make them the most money?
Do I know what uplift is being added to each quote?
Do the uplifts differ across the quotes, and if so, why?

If the answer to any of these is unclear, you may not be getting the transparency you deserve.

✅ How to Protect Your Business

Always ask your broker to show their uplift in writing.

Compare quotes from at least three suppliers ( we compare over 28 ).

Don’t be afraid to challenge why one quote is more expensive than another.

Remember: the cheapest-looking deal isn’t always the cheapest if it’s loaded with commission.

�� Why Use a Broker at All?

It’s a fair question: if brokers can add uplifts, why use one in the first place?

Here’s the reality:

Suppliers earn their profits from you directly. They’re multi-billion-pound companies posting record profits almost every year.

Going direct doesn’t mean cheaper. In fact, suppliers often give brokers access to base rates that are lower than what you’d be offered directly .

Market access matters. A broker can compare across dozens of suppliers quickly, instead of you phoning around one by one.

Time is money. Procurement, contract management, renewals, and dispute resolution all take time. A good broker handles this for you.

Consultative services add value. The right broker doesn’t just quote — they’ll advise you on timing the market, managing risk, and avoiding nasty out-of-contract charges.

✅ A good broker, working transparently, can save you thousands.
❌ But the higher the uplift, the less likely you’re actually saving by trusting blindly.

That’s why asking what uplift has been applied and shopping around is essential.

❓ Frequently Asked Questions

�� Final Thoughts

Energy procurement should be about finding the best deal for you , not the biggest payday for a broker. Transparency isn’t optional — it’s your right.

�� If you want to see exactly what’s built into your quotes and compare across the whole market, we’ll break it down for you in plain English.

Tomato Energy Ordered to Pay £1.5m as Ofgem Warns of Licence Risk

Wed, 01 Oct 2025 11:09:19 GMT

Tomato Energy Under Pressure: Customer Redress, Debt Warnings, and Next Steps

The troubles continue for Basingstoke-based supplier Tomato Energy , following on from Ofgem’s provisional order earlier this year.

In September 2025, the energy regulator confirmed the supplier has been forced to pay £1.5m after being found in breach of its licence conditions — and warned that Tomato could now even lose its licence if it fails to meet financial requirements.

This follows the April 2025 ban on Tomato Energy taking new customers due to debts exceeding £3m. Around 14,000 customers are now left questioning the stability of their supplier.

Ofgem’s £1.5m Enforcement Action

Ofgem’s latest report revealed serious concerns with Tomato Energy’s operations, including:

Incorrect charges to customers.
Failure to supply requested information in a timely manner.
Inadequate customer service procedures.

The regulator concluded these failings exposed customers to an “increased risk of harm.”

As a result:

Tomato Energy has paid £1.5m into the Voluntary Redress Fund, which supports vulnerable energy consumers.
Customers affected will also receive redress payments of between £10 and £50 within 30 days.

Financial Concerns & Licence Risk

Alongside these service failings, Tomato Energy’s financial health remains under heavy scrutiny.

Ofgem is investigating debts of more than £3m owed by the supplier.

In April 2025, Tomato was banned from taking on any new customers until it could prove its finances were in order.

The regulator has now given Tomato Energy three months to comply with financial stability requirements — or face losing its licence to supply energy.

Tomato Energy itself has acknowledged “cash flow challenges” and says it is working with Ofgem to address concerns.

What This Means for Businesses

For the 14,000 customers currently with Tomato Energy, these developments create serious uncertainty.

Businesses may face:

Service disruption if Tomato struggles with customer support.
Billing issues or incorrect charges.
Risk of supplier exit , which could force a transfer to another supplier at short notice.

⚠️ History shows the risk is real — over 40 small and medium suppliers have exited the market since the 1990s, including 28 in 2021 alone during the wholesale price crisis.

�� Don’t wait for problems to escalate.

If your supplier is under investigation, it’s worth reviewing your options now.

Advice for Tomato Energy Customers

If you’re a Tomato Energy customer — or with another smaller supplier under review — here are some practical steps to take:

Check your bills carefully and keep records of all communication.

Look out for your redress payment (due within 30 days).

Consider your renewal options early — especially if your contract ends soon.

Switch proactively if Ofgem revokes Tomato’s licence, rather than being left to market changes.

Tomato Energy FAQ

Final Thoughts

Tomato Energy’s situation is a reminder of the risks smaller suppliers can pose when financial and service standards slip. With Ofgem continuing to tighten regulation, businesses should prioritise stability and reliability in their energy supplier.

Whether you’re directly affected by Tomato Energy or just reviewing your next renewal, now is the time to get clarity.

UK Business Energy Market Review: Q3 2025

Wed, 01 Oct 2025 09:24:46 GMT

As Q3 closed, wholesale prices generally eased. Gas averaged almost exactly 80p/th for the quarter, while power averaged £76.4/MWh — helped by several one-off day-ahead anomalies in September . Forward (contract) prices still carry a winter premium , so timing matters.

Q3 2025 UK Business Energy Market Review

✅ At a Glance: What Happened in Q3?

Gas down ~2.2% quarter-on-quarter: from 81.06p/th (Jul) → 79.31p/th (Sep) .

Power down ~11.3% quarter-on-quarter: from £81.44/MWh (Jul) → £72.26/MWh (Sep) , aided by transient day-ahead distortions.

Q3 averages: Gas 80.02p/th, Power £76.43/MWh.

Winter still pricier than summer on the forward curve (what suppliers quote from).

Underlying drivers: steady LNG flows, Norwegian outages/maintenance periods, variable wind output, and calm carbon.

��️ Monthly Price Snapshot (Q2 Recap)

Key Takeaways:

�� Power fell 11.3% from July to September; part of this is not reflective of real contract levels.

�� Gas slipped 2.2% across the quarter; a gentle drift lower rather than a structural break.

⚠️ Day-ahead volatility doesn’t equal renewal pricing — suppliers use forwards.

�� What Drove the Market?

Supply & LNG

Robust LNG arrivals into NW Europe and UK terminals maintained balance.

Pipelines & Maintenance

Norwegian works periodically tightened gas, but impacts were short-lived.

Weather & Renewables

Mild/seasonal conditions limited gas demand; wind output was choppy, adding day-ahead power volatility.

Carbon & Fuels

Carbon steady to softer; oil range-bound — neither delivered a strong upside push.

�� Want to secure today’s lower rates before further increases?

Get a live quote from 28+ trusted suppliers. We’ll compare the best fixed deals for you.

�� 12-Month Market View: Are Prices Falling?

Both commodities are well below winter peaks, but spikes still occur in day-ahead power.

The trend through Q3 was broadly sideways-to-softer for gas and softer for power.

�� Is Now a Good Time to Fix My Energy Contract?

Yes — with nuance.

For winter start dates , forwards are still elevated vs summer, so getting options now can cap risk.
If your start date is post-March , there’s generally better value on the curve — still, keep a trigger/target to act quickly if dips appear.

�� Expert Insight from Smart Energy Co.

"The past quarter highlighted just how unpredictable electricity pricing can be, with sharp anomalies masking the true cost of forward contracts. Businesses should focus on the sustained trend — not short-lived dips."

" Gas has held relatively steady, while electricity showed big distortions in September. This underlines the importance of looking at forward curves — especially for winter 2025 and Q1 2026 — which remain firmly higher than spring and summer pricing."

We help businesses compare over 28 suppliers, make sense of contracts, and avoid costly guesswork.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� Looking Ahead to Q4 2025

Here’s what we’re watching as we move into October:

Weather: Early cold snaps could tighten balances quickly.

Flows: Watch Norwegian capacity and LNG send-out rates.

Policy/Carbon: Any carbon or network-charge moves may nudge power forwards.

Trading: Expect higher volatility around cold forecasts and storage headlines.

�� Final Thoughts

Q3 delivered gently lower wholesale levels, especially for power (with help from one-off day-ahead dips). For winter start contracts, it’s smart to lock options now ; for spring/summer starts , track forwards closely and fix on weakness.

�� Ready to Review Your Options?

Don’t wait until prices climb again. Get a fresh quote today — no pressure, just clarity.

September 2025 UK Energy Market Trends: Gas, Power & Oil

Wed, 01 Oct 2025 08:55:13 GMT

⚡ Key Takeaways for Businesses

Gas remained in a tight 78–81p/therm range for most of the month.

Power data was skewed by extreme dips mid-month , but real contract levels were stable in the low £80s/MWh.

Forward contracts for Winter ’25 and Q1 ’26 eased slightly, but remain premium-priced compared to Summer ’26.

Businesses renewing before March should still secure fixed quotes early to avoid seasonal uplift .

Gas remained steady on average through September, while electricity was distorted by extreme anomalies. The underlying trend shows contract pricing levels sitting higher than summer but still below last year’s extremes.

�� September at a Glance: Average Prices vs. Previous Months

�� Market Movement Summary

Early September – Gas held around 78–80p/th, with power broadly stable in the mid £70s.

Mid September – Outlier electricity dips (down to £28/MWh on 16/09) pulled averages down artificially, not reflective of supplier offers.

Late September – Both gas and power rebounded into their familiar ranges, ending the month near £80p/th and £85/MWh.

�� Week-by-Week: What Happened in August?

⚠️ Note: The weekly electricity averages in mid-September don’t reflect real contract prices — they were pulled down by one-off distorted prints. Renewal quotes are based on the forward curve, not these anomalies.

�� Is Now a Good Time to Fix My Energy Contract?

Yes – forward curves for Winter ’25 and Q1 ’26 remain elevated , but are showing signs of softening. Businesses with renewals due in the next 6 months should act now to cap risk, while those further out can monitor conditions closely.

�� Don’t Let Winter Premiums Catch You Out

Winter contracts are already pricing higher. If your renewal is due soon, acting early could protect your business from seasonal spikes.

�� What’s Driving Prices?

Gas:

Strong LNG arrivals and steady Norwegian supply.
Storage remains above seasonal averages.
Winter demand expectations keeping near-term premiums in place.

Power:

Mid-month volatility linked to renewables and system balancing.
Real supplier pricing stayed aligned with gas and carbon costs.
Oil and carbon markets added mild upward pressure late in the month.

�� 6-Month Price Trend Overview

Gas has held between 78–85p/th for six months, showing relative stability. Power has been more volatile, with sharp day-ahead swings pulling averages down, though forwards stayed consistently higher.

�� Forward Market Pricing – What Suppliers Are Watching

Suppliers build quotes on forward contracts, not daily averages. As of late September:

Gas: Winter 25 and Q1 26 remain elevated (mid-to-high 80s p/th), while Summer 26 trades around the high 70s p/th.

Power: Winter 25 contracts sit in the low–mid £80s/MWh, with Summer 26 cheaper in the mid-£70s/MWh.

Trend: Forwards eased slightly in early September, but recovered later, showing resilience despite day-ahead softness.

�� Looking Ahead to October

Winter demand will begin to build.

Watch LNG arrivals and weather forecasts for early cold snaps.

Forward pricing for Winter ’25 could tighten further if supply disruptions emerge.

Businesses should review renewal dates now to avoid higher quotes in Q4.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� Final Thoughts

Despite anomalies in the electricity data, September confirmed stability in underlying contract pricing , with gas flat and power realigning to the £80–85/MWh band. The key message: act before October–March premiums take hold .

Secure a better rate.

Or stay informed with free updates.

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UK Energy Market Update: 22nd - 26th September 2025

Mon, 29 Sep 2025 08:48:49 GMT

Markets steadied this week

Gas held in a narrow band around 79–80p/therm, while electricity settled back near £80–85/MWh. The weekly averages — 79.55p/therm for gas and £84.00/MWh for power — show stability compared to the anomalous swings seen earlier in the month. Forward contracts, however, remain elevated for Winter 2025 and Q1 2026, meaning renewal quotes are still carrying seasonal premiums.

�� Weekly Market Snapshot (Day-Ahead)

Weekly Average: Gas 79.55 | Elec 84.00

�� Gas was broadly steady this week, fluctuating less than 2p/therm across five sessions.

�� Electricity settled higher, averaging £84/MWh, though daily prints were still volatile.

�� 5 Week Price Trend

�� The last two weeks were skewed by outliers in day-ahead power. This week’s return to £84/MWh brings averages closer to forward market reality.

�� Forward Market Pricing — what suppliers actually watch

UK Gas (p/therm)

Oct-25: 79.49 (▲0.55% vs last week)
Q4-25: 83.11 (▲0.30% vs last week)
Q1-26: 86.74 (▲0.09% vs last week)
Summer-26: 78.55 (▲0.33% vs last week)
Cal-26: 82.27 (▲0.27% vs last week)

UK Power (£/MWh)

Oct-25: 75.21 (▲0.45% vs last week)
Q4-25: 80.49 (▲0.02% vs last week)
Q1-26: 85.60 (▲0.15% vs last week)
Summer-26: 74.13 (▲0.08% vs last week)
Cal-26: 79.20 (▲0.11% vs last week)

�� Forward contracts are edging higher week-on-week, even while day-ahead gas looks stable. Winter 25 and Q1 26 remain the most expensive.

Gas : Steady LNG arrivals provided balance, but Norwegian maintenance continued to limit pipeline flows.

Power : Day-ahead stabilised near £80–85/MWh after early-month distortions, reflecting tighter gas-for-power demand.

Outlook : Seasonal premiums are embedded. Markets will now focus on October weather forecasts, LNG delivery schedules, and whether Norwegian flows improve post-maintenance.

�� Why prices moved & What's Next

�� 6-Month Market Trend

Gas has remained rangebound (78–85p/therm) since April, suggesting stability despite European supply challenges.

Power shows more volatility, but this week’s £84/MWh sits firmly within the 6-month mid-range.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� Is now a good time to get prices?

Yes, especially for near-term renewals .

Forward Winter 25 and Q1 26 contracts are already high — delaying could expose businesses to higher October and November premiums. Longer-term contracts (Summer 26 onward) remain cheaper but could shift quickly.

�� Don’t Wait for October Premiums

October is just around the corner, and forward strips for Winter remain firm. Don’t get caught out by seasonal risk.

What to do by renewal window

�� What this means for your business

Day-ahead averages show stability, but renewal quotes remain dictated by forward premiums.

Businesses renewing in winter months face higher costs — early action is key.

Longer-term renewals can still capture relative value in Summer 26 and beyond.

Why Business Work With Us

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“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

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�� Final thoughts

The week ending 26th September highlights why averages can be misleading. Day-ahead gas looked steady, but forward markets crept higher — and that’s what drives supplier quotes. With October premiums looming, businesses due to renew this winter should act quickly, while longer-term clients should monitor Summer 26 and beyond for opportunities.

Get My Free Quote — or call us and we’ll run options the same day.

How Energy Intensive Industries Can Cut Energy Levies with an EII Certificate

Thu, 25 Sep 2025 10:40:10 GMT

Understanding EII Certificates and Why They Matter

Energy Intensive Industries (EIIs) such as steel, glass, chemicals, and paper face some of the highest energy bills in the UK. On top of wholesale prices, these businesses are hit with multiple government charges designed to fund renewable and low-carbon electricity.

These include:

⚡ Contracts for Difference (CfD)
�� Renewables Obligation (RO)
☀️ Feed-in Tariff (FiT)
�� Capacity Market (CM)

From November 2025 , the Nuclear RAB levy will add a further £3.455/MWh to electricity bills, rising towards £4.50/MWh by 2027. In April 2026 , TNUoS standing charges are also set to climb significantly.

For EIIs, one of the most effective ways to cut these policy costs is through an EII Certificate .

✅ What is an EII Certificate?

An EII Certificate is issued by the Department for Business and Trade (DBT) and confirms a company’s eligibility for relief from certain energy levies.

With a valid certificate, businesses can access:

Up to 100% exemption from CfD, RO, FiT and CM costs.
60% compensation on network charges (DUoS, TNUoS, BSUoS) via the Network Charging Compensation Scheme .

Certificates are valid until the following June and must be renewed annually.

�� Who Qualifies?

Eligibility is based on two tests:

1. Sector Test – The business must manufacture in one of the listed eligible sectors (defined by NACE codes). Examples include:

Steel, aluminium and other metals
Glass, ceramics, and cement
Paper and pulp
Chemicals and fertilisers

2. Business Test – Electricity costs must equal 20% or more of Gross Value Added (GVA) over a reference period.

Other requirements:

At least 3 months of financial and electricity consumption data .
Evidence such as May & November electricity bills, accounts, and meter details.

�� How to Apply for an EII Certificate

Step 1: Check Eligibility

Confirm your sector and electricity intensity.

Step 2: Gather Evidence

Recent accounts (EBITDA + staff costs)
Electricity bills (May & November)
MPAN details and meter consumption

Step 3: Submit to DBT

Businesses can apply directly to DBT.
Or — we can manage the full process on your behalf. With a simple Letter of Authority (LoA) , Smart Energy will prepare, submit, and liaise with suppliers so you don’t have to.

�� Prefer us to do the work for you?

We can manage the entire EII Certificate process for you — from checking eligibility to submitting your application with DBT and passing it to your supplier. All we need is a quick signed Letter of Authority (LoA) , and we’ll handle the rest.

�� Why This Matters Now

From late 2025, UK businesses will face two new cost pressures :

Nuclear RAB levy – confirmed at £3.455/MWh from 1st Nov 2025 , with forecasts of £3.50–£4.50/MWh through to 2027.
Example: A site using 4 GWh (4,000 MWh) per year will pay an extra £13,820–£18,000 annually just from the Nuclear RAB levy.

TNUoS standing charge increases (Apr 2026) – these will raise fixed network costs significantly, particularly for high-usage sites.

Combined, these charges add to the existing weight of CfD, RO, FiT and CM levies. Without an EII Certificate, businesses will shoulder the full cost.

�� Read our Nuclear RAB Levy explainer »
�� Learn about TNUoS standing charge increases »

�� Business Impact

Government analysis shows levies can add 20–25% to electricity bills for heavy industry. Relief through an EII Certificate can:

Cut levy costs by up to 100%
Reduce network charges by 60%
Protect against upcoming increases like the Nuclear RAB levy and TNUoS charges

For a high-usage manufacturer, this can mean hundreds of thousands saved every year .

❓ Common Questions

�� Take Action Today

Don’t wait until new levies hit your bills. If your business could qualify as an Energy Intensive Industry, we can guide you through eligibility and manage the application process.

�� Call us on 0151 459 3388
✉️ Email info@smart-energy.uk

Final Thoughts

With the Nuclear RAB levy arriving in 2025 and TNUoS standing charges rising in 2026, Energy Intensive Industries must act now to protect against avoidable costs.

An EII Certificate could be the difference between paying the full weight of policy charges — or keeping your energy spend under control.

UK Energy Market Update: 15th - 19th September 2025

Mon, 22 Sep 2025 08:38:15 GMT

A strange week on the surface

Day-Ahead electricity plunged on two sessions then rebounded, while gas stayed fairly steady. Under the bonnet, the forward curve (what suppliers use to build your renewal prices) nudged higher across winter and into summer 2026 . Translation: headline DA falls don’t automatically mean cheaper renewal quotes.

�� Weekly Market Snapshot (Day-Ahead)

Why this matters: These are wholesale cash prices for tomorrow’s delivery . They’re useful signals for short-term tightness, but your contract is priced off the forward curve , not tomorrow’s delivery.

*Power average was pulled down by two unusually low sessions (Tue & Thu) , which is not reflective of the broader contract market.

Daily prints this week (DA):
Mon 79.00p/44.69 | Tue 78.00p/28.65 | Wed 78.60p/73.53 | Thu 78.82p/48.16 | Fri 80.90p/77.00

�� 5 Week Price Trend

*Recent DA power averages include one-off dips ; use for direction only, not for contract planning.

�� Forward Market Pricing — what suppliers actually watch

While DA shows the weather-and-system noise, forward contracts show where suppliers expect prices to be. Week-on-week (vs 12 Sep) most key strips ticked up 2–4% .

UK Gas (p/therm)

Oct-25: 81.50 (from 79.22) ▲ +2.9%
Q4-25: 85.35 (83.52) ▲ +2.2%
Q1-26: 89.15 (87.82) ▲ +1.5%
Summer-26: 79.99 (78.23) ▲ +2.3%
Cal-26: 83.80 (82.15) ▲ +2.0%

UK Power (£/MWh)

Oct-25: 77.18 (74.02) ▲ +4.3%
Q4-25: 82.77 (80.76) ▲ +2.5%
Q1-26: 87.16 (85.48) ▲ +2.0%
Summer-26: 75.74 (73.76) ▲ +2.7%
Cal-26: 80.59 (78.80) ▲ +2.3%

What this means: Despite soft DA power, the curve firmed into winter and modestly for Summer-26. Renewal quotes will reflect these forward levels, not the short-term DA dips.

Short-term system swings: Mid-week DA power fell on lighter demand and renewable surges, then rebounded as conditions normalised.

Winter risk still priced in: Forwards for Q4-25/Q1-26 gained ~2%, keeping a premium over summer strips.

Near-term watch-outs: late-September weather turning cooler, timing of planned maintenance finishing, and LNG arrival schedules. Any wobble here can lift the winter curve quickly.

�� Why prices moved & What's Next

�� 6-Month Market Trend

Gas: range-bound ~75–85 p/th for months, drifting slightly higher late September.
Power: far more volatile with several sharp drops, but the underlying forward market has stayed well above the deepest DA troughs.

Translation: use DA to sense near-term balance, but plan off forwards.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� Is now a good time to get prices?

Yes — get fully-fixed quotes in hand.

DA power is noisy, but the forward curve nudged up again this week , especially for winter. Having live quotes now helps you cap risk if the curve climbs further.

�� Don’t let winter premiums creep up on you.

We’ll compare Oct–Mar vs longer terms and lock in if the curve moves against you

What to do by renewal window

�� What this means for your business

DA power was artificially low at times, but supplier quotes follow the curve , which rose.

Winter 25 / Q1-26 remain the priciest periods; later strips are cheaper but nudging up.

If your renewal touches winter, acting early typically beats chasing short-term DA dips.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

Not Ready to Lock In?

Get a one-line nudge when prices move. Subscribe to weekly market updates and we’ll flag real opportunities — no jargon.

�� Final thoughts

Headline DA power falls looked friendly, but the contract-relevant market firmed . If your renewal is within the next six months, fixing now protects you from winter risk and creeping forward gains. Longer-dated customers should stay engaged and be ready to move on dips.

Get My Free Quote — or call us and we’ll run options the same day.

Nuclear RAB Levy: What It Means for Your Business Energy Bills

Tue, 16 Sep 2025 15:32:13 GMT

Nuclear RAB Levy: What it Means for Your Business Energy Bills

⚡ From November 2025, a new Nuclear Regulated Asset Base (RAB) levy will appear on UK electricity bills. This additional non-commodity cost will help fund the government’s long-term nuclear programme, starting with Sizewell C.

�� What is the Nuclear RAB Levy?

The Regulated Asset Base (RAB) model is a government-backed funding approach used for major infrastructure projects like water networks and energy grids.

Traditionally, investors in nuclear plants waited until a site was generating power before seeing a return. With the RAB model, they receive secure payments during construction, funded through a small levy on electricity bills.

The aim is to make nuclear projects more affordable to build while spreading the costs more evenly across businesses and households.

�� How Will the Levy Work?

The levy is regulated by Ofgem and administered by the Low Carbon Contracts Company (LCCC) , with suppliers responsible for collecting payments through customer bills.

It’s made up of three main elements:

Interim Levy Rate (ILR): the main charge, set quarterly
Operational Costs Levy (OCL): a small fixed annual charge to cover scheme running costs
Reserve Payments (TRA): to protect the scheme if any supplier defaults

Suppliers contribute based on market share, and most will pass charges on to customers.

�� How Much Will It Cost?

The government has confirmed the first charges:

£3.455/MWh (0.3455p/kWh) from 1st November 2025
£0.0028/MWh OCL from 1st October 2025

Further quarterly forecasts from LCCC suggest the levy will vary between £3.50/MWh in winter and around £4.50/MWh in summer up to March 2027.

Businesses with a valid Energy Intensive Industries (EII) exemption certificate will not be charged.

�� Avoid paying more than you need to.

Get your free quote today.

�� What This Means for Your Business

Pass-through contracts → The levy will be added automatically to bills from November.

Fixed contracts → Most suppliers have terms allowing them to amend prices if government levies change. Some may absorb the cost until renewal, but many won’t.

EII-exempt businesses → No charges will apply if you hold a valid exemption certificate.

While the levy itself is relatively small per unit, for large consumers it could add up quickly — making it even more important to review your overall contract position.

�� Why Is This Happening?

The UK needs to double its electricity supply and quadruple low-carbon generation by 2050 to meet Net Zero. With older nuclear stations due to retire, new capacity is vital.

The RAB model reduces financing costs by spreading risk across bill payers. The government estimates this approach could save consumers at least £30 billion per project compared to the old funding model.

✅ Final Thoughts

The Nuclear RAB Levy marks the start of a new era in UK energy financing. While it increases short-term costs for businesses, it’s designed to reduce long-term financing costs for nuclear projects and secure reliable low-carbon supply.

If you’re on a pass-through contract, expect to see the levy itemised from November. If you’re fixed, it’s worth checking your supplier’s position now.

Review Your Energy Costs

Offset New Levies

Or click below to review your energy costs and see how we can help offset new levies.

0151 459 3388

info@smart-energy.uk

UK Energy Market Update: 8th - 12th September 2025

Mon, 15 Sep 2025 09:22:04 GMT

A Week of Two Halves!

Day-ahead gas hovered in a tight band this week while day-ahead power printed two unusually low prices (Thu-Fri). Those dips reflected short-term system conditions and do not line up with the forward curve, which is what suppliers use to build your renewal quotes.

�� Weekly Market Snapshot (Day-Ahead)

Why this matters: These are wholesale prices for tomorrow’s delivery. They set the tone for headlines, but your contract is priced off the forward curve , not day-ahead.

About those low power prints: Thursday and Friday’s day-ahead power prices were one-off dips . Forward contracts fell modestly over the week, but nothing like the 40–50% day-ahead moves—so renewal quotes won’t mirror those plunges.

�� 5 Week Price Trend

*Power average includes two very low Day-Ahead days this week; these are weather/system effects and don’t reflect typical fixed-contract pricing.

In short: gas has nudged slightly higher week-on-week, while power’s weekly average dropped mainly due to those two unusually low Day-Ahead prints. Forward prices — which set renewal quotes — eased a touch into Friday but remain far above this week’s Day-Ahead lows.

�� Forward Market Pricing — what suppliers actually watch

While day-ahead shows tomorrow’s blips, forwards show where the market expects costs over the months you’ll actually consume energy.

UK Gas (p/therm)

Oct-25: 79.22 (Fri) — down from 81.09 (Thu) and 80.80 (Wed)
Q4-25: 83.52 (Fri) — down from 85.35 (Thu)
Q1-26: 87.82 (Fri) — down from 89.50 (Thu)
Summer-26: 78.23 (Fri)
Cal-26: 82.15 (Fri) — eased across the week

UK Power (£/MWh)

Oct-25: £74.02 (Fri) — lower vs mid-week
Q4-25: £80.76 (Fri) — down from £82.39 (Thu)
Q1-26: £85.48 (Fri) — down from £87.17 (Thu)
Summer-26: £73.76 (Fri)
Cal-26: £78.80 (Fri) — drifted lower into week’s end

�� What this means:

Forward strips softened modestly by Friday (generally a 1–3% slide from mid-week). That’s very different to the eye-catching day-ahead power drops, reinforcing that renewal quotes will move a little lower , not collapse.

Gas

Europe’s storage sits high for the time of year (c. 80%), keeping a cap on risk even as we edge toward winter.
Norwegian maintenance is still restricting flows, nudging near-term risk premia.
A steady slate of LNG cargoes into North-West Europe is providing balance.

Power

Wind output swung around: mid-week softness, then stronger bursts—these swings helped create those short-lived low day-ahead power prices.
Gas-for-power demand tracked the wind profile: higher when wind eased, lower when it rebounded.
Continental interconnectors and nuclear availability remained important background stabilisers.

�� Why prices moved & What's Next

�� 6-Month Market Trend

Gas has been broadly stable in a tight 75–90 p/th band since late spring, easing off the early-June highs and sitting mid-range right now.
Power has been far more volatile, with several sharp dips driven by windy days and weekend demand. This week’s very low Day-Ahead readings look like another of those short, weather-led jolts rather than a shift in the longer trend (the forward curve hasn’t fallen by the same magnitude).
Net takeaway: day-to-day swings are common, especially for electricity, but suppliers base quotes on the forward strips, which have only edged lower into the weekend.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� Is now a good time to get prices?

Yes—worth getting fully-fixed quotes in hand.

Day-ahead averages fell week-on-week and the forward curve eased into Friday . If your renewal touches Oct–Mar , fixing now caps winter risk while Norwegian maintenance and early-autumn weather play out.

�� Catch the dip, not the blip

Forward prices finished the week a touch lower. If you’re due this winter, use this window to get a fully-fixed quote while the curve is softer.

What to do by renewal window

�� What this means for your business

Day-ahead gas steady; power printed two one-day lows —not a true trend.

Forward gas & power eased 1–3% into Friday, improving fixed-price optics.

Winter-focused products (Q4-25/Q1-26) are still the priciest part of the curve, so early action helps control budget risk.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

Not Ready to Lock In?

Keep an eye on these:

Norwegian flow outlook: as maintenance winds down, prompt risk could fade a touch.

LNG timings: scheduled arrivals into N.W. Europe should keep the system comfortable—delays could firm the prompt.

Wind pattern: forecasts show choppy output; sharp dips can still throw up day-ahead power swings.

�� Final thoughts

It was a week of headline-grabbing day-ahead power prints , but the signal that matters— the forward curve — eased modestly . That’s a constructive backdrop for anyone renewing through winter.

Need help timing it?

UK Energy Market Update: 2nd - 5th September 2025

Mon, 08 Sep 2025 11:14:46 GMT

A week of calm before the winter storm, with forward prices showing a clear upward trend.

A short trading week with a steady middle and a lively Friday. Day-ahead prices averaged lower week-on-week and the main forward periods ticked up a touch . If you buy fully fixed contracts, the near-winter strips are still in a reasonable place to take quotes.

�� Weekly Market Snapshot (Day-Ahead)

Why this matters: These are wholesale prices (what suppliers pay before margins). They set the tone for quotes—but your contract is priced off the forward curve , not tomorrow’s delivery.

�� 5 Week Price Trend

*Power on week of 4–8 Aug was skewed by a pricing anomaly (5 Aug); not reflective of real contract pricing.

�� Forward Market Pricing — what suppliers actually watch

(Latest close Fri 5 Sep vs Thu 4 Sep — arrows show direction vs yesterday. “Higher” = more expensive, “Lower” = cheaper.)

Lower Norwegian gas flows while maintenance runs through mid-September kept traders cautious.

Weather forecasts point to above-normal temperatures into mid-October, which helps demand stay moderate.

European gas storage is healthy and helps to keep a lid on prices.

The 6-month chart shows both fuels trading in the middle of their recent ranges: well below June spikes, but above early-August lows. That usually means quieter daily movement—until a major supply, weather, or system headlines hit.

�� Why prices moved & What's Next

�� 6-Month Market Trend

The 6-month chart shows both fuels trading in the middle of their recent ranges : well below June spikes, but above early-August lows. That usually means quieter daily movement—until a major supply, weather, or system headline hits.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� Is now a good time to get prices?

Yes — worth getting fully-fixed quotes in hand.

Day-ahead averages fell this week and the key forward strips only inched higher. If your renewal touches Oct–Mar , getting a quote now puts a ceiling on winter risk while maintenance and early-autumn weather play out.

What to do by renewal window

Why this stance today:

Flows from Norway are restricted during maintenance (easing later in September), European storage is healthy, and temperatures are trending a bit warmer than normal — supportive, but not guaranteed, into winter.

�� What this means in ££ for your business

Gas: This week’s average is 2.86 p/th cheaper than last week.
For a site using 200,000 kWh/year, that’s roughly £570/year less versus last week’s level (rule-of-thumb ≈ £200 per 1 p/th change).

Power: Weekly average is £5.60/MWh cheaper than last week.
Using 200,000 kWh/year , that’s about £1,120/year less (rule-of-thumb ≈ £200 per £1/MWh change).

(Your contract will be set off forwards, not day-ahead, but this shows the scale.)

�� Avoid Overpaying on Your Next Renewal

Forward markets are trending up again. A single geopolitical or supply shock could accelerate this trend.

 Act now to lock in a price before it rises further.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� If you’re not ready to sign yet—watch these

Daily updates on Norwegian maintenance and interconnector flows.

Wind output & temperatures into mid-September.

Any shifts in Winter-25 / Q1-26 forwards.

�� Final thoughts

Locking a fully fixed price now can protect you from a supply wobble or a colder-than-expected October.

Need help timing it?

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⚡ Upcoming TNUoS Changes: What They Mean for Your Business

Thu, 04 Sep 2025 15:02:06 GMT

Jellyfish Energy's Out of Contract and Deemed Energy Rates

tom@smart-energy.uk (Thomas McGlynn) — Wed, 03 Sep 2025 10:16:33 GMT

Jellyfish Energy: Out of Contract (Deemed) Rates - September 2025 Update

If you're currently supplied by Jellyfish Energy and have reached your contract end date, it's important to understand what you're paying under their current deemed rates. As with most suppliers, these out-of-contract rates are significantly higher than fixed-term market prices.

�� Quick Summary - Current Jellyfish Energy Out of Contract Rates

Note: No effective date has been stated for these published rates. As of September 2025, these rates are the latest listed on Jellyfish Energy's website and have not been updated recently.

⚡ Why Out of Contract Rates Cost You More

Out of contract rates are designed to protect suppliers, not customers. These Jellyfish Energy deemed rates are significantly higher than what could be secured on a fixed-term contract today.

Remaining on these default tariffs could mean you're paying 40% to 70% more than necessary, depending on your consumption levels and market pricing.

Act quickly to avoid unnecessary costs. Securing a fixed contract now could save your business thousands annually.

Avoid paying more than you need to

Get your free quote now.

�� Understanding Jellyfish Energy’s Deemed Bands

Electricity : Your profile class (01-04 for smaller non-half hourly sites, 05-08 for larger NHH sites) determines your category. The unit rate and standing charge are identical across both groups.

Gas : Usage bands (1 to 4+) are based on your site's Annual Quantity (AQ), though the standing charge and unit rate remain the same across all bands.

�� How We Help Businesses Like Yours

At Smart Energy Company:

We compare live pricing across 28+ suppliers
Secure competitive fixed-term contracts
Handle switching, paperwork, and contract timing
Ensure you never roll onto expensive OOC rates again

Whether you're about to expire, already out of contract, or want to review early — we can help.

FAQ: Jellyfish Energy Out of Contract

�� Take Action Now

Don't let these expensive out of contract rates eat into your profits. Take 2 minutes to request your no-obligation quote.

Disclaimer: Rates correct as of June 2025 based on information available. All prices exclude VAT. Additional industry pass-through charges may apply depending on site specifics.

Ruby Energy (Formerly BES Utilities) Out-of-Contract Rates: What You Need to Know

tom@smart-energy.uk (Thomas McGlynn) — Mon, 01 Sep 2025 15:14:01 GMT

⚡ What Happens If You Go Out of Contract with Ruby Energy?

If your Ruby Energy contract has ended and no new deal has been agreed, you’ll automatically be moved to their "Default" (Out of Contract) rates. These are significantly more expensive than fixed-term contracts and are designed to be temporary.

Let’s break down what these rates mean for your business—and how to avoid unnecessary costs.

�� Ruby Energy’s Default Rates (Effective July 2025)

�� These gas rates are unchanged since 2024 , which may indicate outdated pricing not aligned with today’s wholesale market.

Gas (by Annual Consumption Band)

�� Electricity (Non Half-Hourly and Half-Hourly)

➡️ These rates are among the highest in the market compared to fixed-term contracts and have not changed since early 2024.

�� What Does That Mean for Your Business?

Let’s say you use 10,000 kWh a month of electricity on a standard NHH meter:

At 46.20p/kWh, that's £4,620/month in energy charges
Plus £152/month in standing charges
Total: £4,772/month

Annually that’s £57,264 – before VAT or extra charges

Compared to a competitive fixed deal, you could be overpaying by 40–60% .

�� Why Fixed Contracts Are Smarter

Fixed rates change daily and vary by region, meter type, and consumption. That’s why we don’t publish generic prices — we tailor every quote to your business.

At The Smart Energy Company , we:

Monitor the market in real time
Compare rates from 20+ suppliers
Negotiate directly to secure the best available deal
Handle the switch for you — with zero disruption

FAQs About Ruby Energy's Out of Contract Rates

Because energy pricing is complex, we’ve made getting a quote simple.

Chat with Wattson , our AI-powered assistant, to:

Get a tailored quote based on your usage, location, and meter type
See how much you could save compared to Drax’s out-of-contract rates
Ask questions and get instant answers — no jargon, no pressure

�� Click here to Chat with Wattson and take control of your energy costs in under 2 minutes.

✅ Don’t Pay Ruby's Default Rates

If you’re out of contract — or approaching the end of your term — now’s the time to act.

Get a free, no-obligation quote today.

We’ll benchmark your current rate, show you what’s possible, and help you lock in a fixed price that protects your bottom line.

August 2025 UK Energy Market Trends: Gas, Power & Oil

Mon, 01 Sep 2025 12:47:43 GMT

�� Key Takeaways for Businesses

Gas stayed steady between 75–84p/therm , averaging 79.68p/therm (↓ 1.7% vs July).

Electricity looked cheaper on paper (average £75.59/MWh , ↓ 7.2% vs July) but this was skewed by a handful of ultra-low days — including £16.79/MWh on 5 Aug — that weren’t available as fixed contract prices.

Winter 2025 contracts are still more expensive than spring 2026. Businesses with renewals covering winter should be looking at quotes now.

Gas stayed steady; electricity looked cheaper on a few days, but those were short-lived quirks — not real contract levels. Winter delivery is still pricier than spring/summer.

�� August at a Glance: Average Prices vs. Previous Months

�� Market Movement Summary:

Gas (Day-Ahead): average 79.68 | min 75.10 | max 83.75 | median 80.23
Power (Day-Ahead): average £75.59 (with anomalies) | min £16.79 | max £89.83 | median £80.11

Important: Those ultra-low electricity days were not representative of contractable forward prices (intermittent spikes/dips driven by short-run system conditions).

�� Week-by-Week: What Happened in August?

�� Is Now a Good Time to Fix My Energy Contract?

�� Want to secure today’s lower rates before winter increases?

Rates are rising again — especially for Winter 25 contracts.
�� Don’t miss out on cheaper power and steady gas rates.

�� What’s Driving Prices?

�� Gas — why it stayed steady

Healthy European storage going into autumn → less panic buying.
Norway maintenance broadly as planned → short bumps, no sustained squeeze.
Weather/demand typical for summer → fewer surprises.

Why this matters: Stable gas helps keep a lid on quotes, but winter is still the pricey part of any contract.

⚡ Power — why the odd dips didn’t mean cheaper contracts

Windy days + good system availability = a few very low half-hourly prices (the £16.79/MWh day).
Interconnectors & plant timing nudged day-ahead prints, but forwards (the basis for fixed quotes) stayed far higher.

Why this matters: Those dips make headlines, but suppliers price your fixed deal off forward months/seasons , not a few cheap hours.

�� 6-Month Price Trend Overview

Gas: Eased from 86.61 (Jun) → 81.06 (Jul) → 79.68 (Aug) . A gentle summer softening.

Power: Rose in July and appeared lower in August , but after removing early-Aug outliers the underlying average is ~£81/MWh , so broadly flat .

Read-through: Gas has drifted lower; power hasn’t budged much. Winter is still the expensive part of any fixed contract.

�� Forward Market Outlook

Winter strips still carry a premium to shoulder months.

After the early-August distortion in day-ahead power, forwards normalised through mid/late month.

Net read: Mild softening at times, but winter delivery remains comparatively expensive ; shoulder periods look more forgiving .

�� Looking Ahead to September

Wind & weather : Watch for sustained low-wind spells (pressure on power) vs. windy periods (relief).

Norway maintenance & LNG schedules : Any extended outage gaps could nudge gas higher ; steady arrivals should cap spikes .

Interconnector flows & carbon : Ongoing factors for UK power costs and winter differentials.

Geopolitics : Background risk remains elevated; any supply-route headlines can move winter pricing quickly.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� Final Thoughts

If your renewal includes Nov–Feb , fixing sooner can avoid winter bumps.

Spring/summer renewals have more breathing room , but it’s still smart to get a quote now so you know your numbers.

We compare 28+ suppliers and only present fully-fixed options with a clear “what’s included” breakdown.

Secure a better rate.

Or stay informed with free updates.

We'll help you make the right decision at the right time — no pressure, just expert advice.

UK Energy Market Update: 25th - 29th August 2025

Mon, 01 Sep 2025 10:37:02 GMT

A holiday-short week with a mid-week lift and a soft finish. Forwards keep winter quotes above summer.

It was a four-day trading week after the Bank Holiday. Day-ahead prices started firm, then eased into Friday. On the whole, weekly averages ticked up vs last week , but Friday’s pullback means there’s a decent window to grab prices—especially for September/October starts.

�� Weekly Market Snapshot

Why this matters: These are wholesale prices (what suppliers pay before margins). They set the tone for quotes—but your contract is priced off the forward curve , not tomorrow’s delivery.

Why prices moved this week

Gas market (26-29 Aug)

�� Norwegian flows: maintenance early week kept prices supported; improving flows helped Friday’s dip.

⛴ LNG arrivals: uneven scheduling kept a risk premium mid-week.

�� Storage : Europe remains >90%, limiting big upside—helpful into September.

Power market

�� Wind output recovered mid-week → less gas burn early, more stability later.

�� Interconnectors steady (notably France–UK), cushioning price spikes.

♻ Carbon prices drifted → small reduction in generation costs.

�� 6-Month Market Trend

The 6-month chart shows both fuels trading in the middle of their recent ranges : well below June spikes, but above early-August lows. That usually means quieter daily movement —until supply weather or system headlines hit.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� 5 Week Price Trend

*Power on week of 4–8 Aug was skewed by a pricing anomaly (5 Aug); not reflective of real contract pricing.

�� Avoid Overpaying on Your Next Renewal

�� Forward markets are softening — but only for now.

A single geopolitical or supply shock could reverse gains quickly.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

✅ Is now a good time to get prices?

Yes. Despite higher weekly averages, Friday’s drop created a more favourable entry point than mid-week. If your start date is September–November , checking prices now can capture some of that late-week softness before winter contracts nudge again.

�� If you’re not ready to sign yet—watch these

Watch Norwegian outages , LNG cargoes , UK wind , and carbon —they’re the fastest movers of short-dated quotes.

Want alerts? We’ll email concise daily movers and a weekly wrap.

�� Final thoughts

A short week with a mid-week lift, but Friday’s softer close offers a practical window to test prices—especially for contracts covering winter months. We’ll compare suppliers and structure the hedge to your season mix.

Need help timing it?

Not Ready to Lock In?

Subscribe for Daily, Weekly, Monthly or Qua rterly insights - no pressure, just clarity!

UK Energy Market Update: 18th - 22nd August 2025

Tue, 26 Aug 2025 11:09:46 GMT

�� Market Recap: Prices Before Bank Holiday

We’re reviewing the week before the bank holiday . Gas climbed steadily through the week (lowest on Monday, highest on Friday) but the weekly average was actually slightly lower than the previous week. Power eased overall after a sharp drop mid-week, then recovered into Friday.

�� Weekly Market Snapshot

Why this matters: These are wholesale prices (what suppliers pay before margins). They set the tone for quotes—but your contract is priced off the forward curve , not tomorrow’s delivery.

What's Driving Wholesale Energy Prices This Week?

Gas market (18–22 Aug)

Less Norwegian gas (planned works) tightened short-term supply as the week progressed.

Fewer LNG arrivals pencilled in for NW Europe added mild upward pressure.

Storage still healthy (90%+) , which is containing bigger spikes—but the day-to-day bias was upward.

Power market

Lower wind output mid-week meant more gas-fired generation, lifting costs.

Interconnector imports from France were steady and helped cap the downside.

Carbon/coal costs ticked up a touch, nudging generation costs higher.

�� 6-Month Market Trend

Gas has mostly traded between 75–95p/therm , with short spikes above 100p. Today we’re sitting near the upper-middle of that band. That means gas is not at crisis levels, but higher than the summer lows seen in June/July.

Power has been much more volatile — dropping below £30/MWh during the August anomaly, but also spiking above £100/MWh. This volatility explains why supplier quotes can look inconsistent week to week.

Current positioning: Both fuels are in the middle of their 6-month ranges , not extreme highs or lows. In plain terms: this is a watch-and-decide moment — good opportunities exist, but forwards suggest suppliers may lift quotes quickly if volatility returns.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� 5 Week Price Trend

*Power distorted by the 5 Aug anomaly (true trading range c. £54–£76/MWh).

�� Avoid Overpaying on Your Next Renewal

�� Forward markets are softening — but only for now.

A single geopolitical or supply shock could reverse gains quickly.

✅ Is now a good time to get prices?

Renewal in 0–3 months: Sensible to get quotes now . With forwards up across the curve, waiting relies on a pullback.

Renewal in 3–6 months: Benchmark now, monitor weekly. If forwards climb again, you’ll be glad you have a baseline.

Renewal 6+ months: Low urgency, but set price alerts—winter premiums can creep in earlier than expected.

�� Don’t leave it too late

If your term includes Winter 2025/26 , the seasonal premium and last week’s forward rises can lift quotes quickly.

�� If you’re not ready to sign yet—watch these

LNG delivery schedule into NW Europe (more cargoes = relief).
UK wind output (windier periods lower gas-fired generation).
Geopolitics (any disruption risk can push Winter forwards quickly).

Want a heads-up when something changes?

�� Final thoughts

Day-ahead prices finished the week higher than they started (especially gas), but weekly averages fell for both fuels vs the prior week.

Forwards moved up across Winter 25 / Summer 26 / Winter 26—this is what’s feeding supplier quotes.

If your renewal touches winter months, earlier action = better protection from seasonal premiums.

Need a firm price or a second opinion?

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

Not Ready to Lock In?

Subscribe for Daily, Weekly, Monthly or Qua rterly insights - no pressure, just clarity!

UK Energy Market Update: 11th - 15th August 2025

Mon, 18 Aug 2025 11:02:34 GMT

Stability returns after August’s shock — but what does it really mean for your contracts?

After one of the most volatile weeks of the summer, wholesale markets calmed down. Gas slipped quietly lower, while power bounced back into its usual £80–90/MWh range after the extreme system event on 5th August.

For businesses, the big question is: does this stability mark a turning point, or just a pause in an unpredictable market?

�� Weekly Market Snapshot

*Previous week’s power average was skewed by the £16.79/MWh crash on 5th August — excluding this, prices actually sat closer to £80–90/MWh.

What's Driving Wholesale Energy Prices This Week?

Gas: A Quiet Downtrend

Gas has been edging lower since mid-July:

Norwegian flows were reduced by outages, but steady LNG arrivals into NW Europe softened the impact.

Storage levels sit around 72%, slightly behind 2022 but still healthy for this time of year.

Demand rose as low wind output lifted gas-for-power needs, but fundamentals were strong enough to absorb the pressure.

�� Bottom line: Gas is proving resilient. Even with outages, prices are trending gently downwards into the high 70s.

Power: Volatile but Normalising

Power painted a sharper picture:

Midweek values jumped above £89/MWh as gas plants filled the gap left by low wind and reduced nuclear availability in France.

The Gravelines reactors — offline again — reminded markets how fragile continental nuclear supply can be.

By Friday, prices slipped to £81/MWh, proving just how reactive power remains to day-to-day conditions.

�� Bottom line: Power has normalised back to seasonal levels, but the swings show it remains the most unpredictable element of business energy costs.

�� 6-Month Market Trend

�� Gas: Down from winter highs above 120p/th to today’s ~79p/th. The trend is gradual, not dramatic — reflecting stronger supply balance.

⚡ Power: A rollercoaster. Deep troughs (£30s) followed by sudden rebounds (£90+). The August 5th plunge to £16/MWh is visible on the chart, but it was a day-ahead anomaly, not a true reflection of forward pricing.

Key learning: Renewal offers are based on forward curves , which are far more stable than the day-ahead volatility you see in headlines.

Looking at the past six months of wholesale energy prices reveals important patterns:

�� 5 Week Price Trend

*Distorted by the Aug 5 anomaly.

Gas shows a steady softening. Power, by contrast, has ricocheted between extremes — a reminder not to read too much into a single week’s data.

�� Avoid Overpaying on Your Next Renewal

�� Forward markets are softening — but only for now.

A single geopolitical or supply shock could reverse gains quickly.

�� What This Means for Your Business

�� Looking Ahead

Repairs at Ormen Lange due mid-August.

European wind forecasts for late August — stronger winds usually ease power prices.

French nuclear availability , particularly Gravelines.

Forward curve signals — early signs suggest winter premiums may be softening.

Learning Corner – The Disconnect That Matters

The August 5th collapse in power prices to £16/MWh grabbed headlines. But forward contracts — which suppliers use to price renewals — barely moved.

That’s the crucial point for businesses: day-ahead volatility doesn’t dictate your renewal price . Suppliers hedge forward, so contract costs are influenced by curve trends, not one-off events.

�� Final Thoughts

This week confirmed two things:

Gas is quietly stable, supported by supply and storage.
Power is volatile but not unanchored — forward pricing remains steadier than the daily swings.

For procurement, that means contracts should be judged against the forward curve , not the noise of day-ahead headlines.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

Not Ready to Lock In?

Subscribe for Daily, Weekly, Monthly or Qua rterly insights - no pressure, just clarity!

⚠️ Think That Online Energy Quote Is the Best You Can Get? Maybe Not…

Mon, 11 Aug 2025 11:18:23 GMT

Many online energy quotes look competitive — but built-in uplifts can quietly add hundreds or even thousands to your bill each year. Here’s how to spot them, and why transparency matters.

If you’ve ever grabbed a business energy quote from a supplier’s website or a big-name comparison platform, you might assume you’re getting the fairest price possible.

But in many cases, that “quote” already includes a hidden uplift — and you’re never told about it.

�� The Hidden Uplift: What We Found

We recently compared quotes from a leading online energy brokerage platform — one of the biggest in the UK.

Here’s what we discovered:

1.1p/kWh uplift added to a 2-year business electricity quote
An uplift also applied to the standing charge
No mention of these uplifts anywhere in the online sales journey

The quote looked like a standard supplier offer — but it had already been marked up by the platform before you even saw it.

And this isn’t unusual.

We’ve seen uplifts of 1p/kWh or more (maximum 3p/kWh) across both supplier websites and broker-led quote tools. Unless you know what to look for — or have someone compare it for you — you may never know.

�� What Does That Cost a Business?

And that’s just the uplift on the unit rate .

Add in an inflated standing charge and your actual annual energy cost could be far higher than necessary.

�� Want to Know If You’re Overpaying?

We’ll review your current quote and show you:

Whether an uplift has been added

How much it’s costing you

What a transparent alternative looks like

�� Why Are These Uplifts Still So Hard to Spot?

Because even with Ofgem’s October 2024 rules in place, they’re still profitable — and still confusing.

The rules require all non-domestic energy contracts to clearly disclose broker fees, including uplifts.

But in reality:

The uplift is often only shown at the contract-signing stage
It’s buried in the principal terms (which many clients don’t know to check)
Even when it’s there, it’s not always clear what it means or how it affects your price

Yes, regulation is a step forward — but it hasn’t fixed the problem.

If you’re relying solely on a supplier website or online platform, you’re still likely seeing a price that’s:

Pre-loaded with a broker’s margin
Presented as a standard supplier rate
Not explained until the very end — if at all

That’s why we believe in upfront transparency — not just ticking a compliance box.

⚖️ A Fair Uplift vs. Taking the P*ss

Let’s be honest: suppliers rarely, if ever, offer true base rates directly. That’s where brokers and online platforms can add value — negotiating and accessing better deals.

And yes, uplifts are how brokers (including us) make money.

But there’s a big difference between a fair commission and taking the p*ss .

We believe:

A fair uplift should be disclosed upfront
It should reflect the value of the service provided
It should be tailored to the client , not blindly applied

If you accept an online quote without questioning what’s behind it, you could be paying more than you need to — without even realising it.

�� So What Should You Do?

If you want to start your search with an online platform — go for it.
It’s a quick way to get a rough idea of pricing.

But don’t stop there.

Always check the quote with a broker — especially one who’s upfront about how they earn and who can explain what’s really in the price.

We do this every day for our clients, and in most cases we’ll either:

✅ Beat the price
✅ Or explain exactly where the uplift is coming from

Either way, you walk away more informed — and potentially better off.

✅ What Makes The Smart Energy Company Different?

We compare 28+ suppliers , including the Big 6 and independents
Yes — we include commission in our quotes too. But the difference is: ours is lower than the industry average, negotiable, and always upfront .
We’re transparent about our commission — no hidden margins, no games
You get clear, honest advice — and a quote that works for your business

�� Final Thoughts

Before you lock into your next energy contract, ask yourself:

“Is this the base rate — or am I unknowingly paying someone’s uplift?”

If the website doesn’t tell you, there’s a good chance it’s hiding it.

At The Smart Energy Company , we’ll show you:

✅ The real price
✅ The real options
✅ How to avoid overpaying

�� Request a Transparent Quote or Speak to an Expert for a no-obligation review of your current quote.

UK Energy Market Update: 4th –8th August 2025

Mon, 11 Aug 2025 08:39:51 GMT

Last week saw day-ahead gas and power prices drift lower overall , but movements were heavily influenced by anomalies — particularly the sharp drop in day-ahead power on 5th August to just £16.79/MWh . While these DA figures look attractive, forward contract prices remained significantly higher , meaning contract quotes would not have fallen by the same amount. The positive news is that Winter 2025, Summer 2026, and Winter 2026 forward prices all eased , improving the outlook for renewals if this trend continues.

�� Weekly Market Snapshot

* Power average skewed by the 5th August anomaly — not reflective of real contract pricing.
* Excluding the anomaly, day-ahead power traded between £54.45–£76.00, still well below forward rates.

�� 5-Week Price Trend

*Power average for 08/08/2025 skewed by anomaly on 5th August (£16.79/MWh).

Trend commentary: Over the past 5 weeks, both gas and power averages have eased overall. Gas is now ~5% cheaper than mid-July, while power’s decline is exaggerated by the recent anomaly but is still ~10% lower excluding that spike.

�� Ready to Check Prices?

�� Forward markets are softening — but only for now.

A single geopolitical or supply shock could reverse gains quickly.

�� What’s Driving the Market?

�� Gas Market Drivers

Consistent supply from Norwegian pipelines and UK Continental Shelf kept the system well balanced.
LNG send-out strong , with arrivals supporting European storage above seasonal norms.
Mild summer conditions meant demand remained low, particularly for heating.
Forward gas prices fell modestly across key periods:
Winter 25: ~90.8p/therm ��
Summer 26: ~81.9p/therm ��
Winter 26: ~89.3p/therm ��

�� Power Market Drivers

Wind generation volatility influenced DA prices — high output early week pushed prices lower, dips mid-week lifted them slightly.
Tuesday’s extreme low of £16.79/MWh was an anomaly and did not translate into equivalent contract savings .
Forward power prices also eased slightly:
Winter 25: ~£83.9/MWh ��
Summer 26: ~£72.4/MWh ➖
Winter 26: ~£81.2/MWh ��

�� 6–Month Energy Market Trends

The chart shows:

Both gas and power remain well below their February–April peaks .
August DA pricing sits beneath forward levels, indicating current contract quotes remain higher than spot market lows.
Sustained forward market declines would be the key driver of cheaper renewal quotes.

�� What This Means for Your Business

�� Looking Ahead

Wind output forecast to drop in the UK & NW Europe early this week, which may lift DA power prices temporarily.
LNG delivery schedules remain strong, but any disruption could firm up forward gas.
Global energy sentiment still influenced by oil prices and geopolitical headlines — both can sway forwards quickly.

�� Final Thoughts

This was a week where day-ahead prices looked better than they truly were for contract buyers. Forward markets are the real driver of your renewal cost, and those are finally showing signs of easing. If you’re within 6 months of renewal, now is the time to actively monitor and be ready to strike on dips.

�� Forward prices are finally softening —

Are you ready to take advantage?

The wholesale market is giving rare opportunities for businesses to cut costs,

but dips can vanish overnight if supply tightens or global events turn.

Whether you’re weeks or months away from renewal, knowing your trigger point could save thousands.

⚡ Are You Overpaying for Capacity Charges? Why It Pays to Review Your kVA Allocation

Tue, 05 Aug 2025 15:29:57 GMT

Many businesses with Half-Hourly meters are paying too much for unused capacity. Here’s how a simple kVA review could cut your costs — without changing supplier.

�� Quick Summary

If you have a Half-Hourly (HH) electricity meter, you’re likely paying a Capacity Charge based on your agreed kVA (kilovolt-amps).

It’s one of the most overlooked charges on business energy bills — and it can quietly cost you thousands each year , before you’ve even turned on a light.

Many businesses are unknowingly paying for more capacity than they use . The good news? We can help you fix this mid-contract , without touching your unit rate or standing charge.

⚙️ What Is a Capacity Charge?

Capacity charges apply to all Half-Hourly (HH) metered electricity users and are charged per kVA (kilovolt-amp) per day. They are set by your Distribution Network Operator (DNO) , not your supplier, and reflect how much electrical capacity your site has been allocated on the grid.

These charges are:

Fixed daily fees
Multiplied by your agreed kVA
Billed for the full year , regardless of whether you use the capacity or not

�� Real Example: Overpaying in Plain Sight

Let’s say your business has:

An agreed capacity of 290 kVA
A capacity charge of 6.74p/kVA/day

That works out to:

�� 290 x £0.0674 x 365 = £7,134.29/year

All paid just to have access to that level of power — regardless of actual usage.

�� How a kVA Review Saves Money

One of the services we offer is a kVA Review , where we assess your actual peak usage data from your HH meter and compare it to your agreed capacity.

Let’s say your true maximum demand is only 150 kVA .

We could help you:

Reduce your kVA to a conservative 170 kVA
Submit a request to your DNO to lower the agreed capacity
Apply the savings mid-contract — no need to wait for renewal

�� New cost:

170 x £0.0674 x 365 = £3,690.15/year

✅ That’s a saving of £3,444.14 per year — without changing supplier or negotiating a new deal.

⚠️ Why You Shouldn’t Slash It Too Far

While it’s tempting to cut capacity down to your exact usage, this can backfire.

If your business goes over the agreed kVA:

You may be hit with excess capacity charges , which are significantly higher
You may have to pay your DNO to increase your capacity again
There may be delays or restrictions in getting a new capacity agreed quickly

Our approach is cautious but effective — we always leave you with a sensible buffer based on your site activity and future plans.

�� Final Thoughts

✅ If you’ve never reviewed your kVA allocation, now’s the time.
✅ It’s one of the few areas of your energy bill where you can make a change mid-contract and see an immediate saving.
✅ Many brokers skip this — but we don’t.

�� Want Us to Review Your Capacity?

�� Send us your latest HH data or bill, and we’ll do a free kVA review. If there’s a saving to be made, we’ll help you apply it to your current contract — no switching needed.

UK Energy Market Update: 28th July –1st August 2025

Mon, 04 Aug 2025 10:04:50 GMT

Gas ticks up, electricity slides — a conflicting week for contract timing decisions.

�� Summary at a Glance

�� Gas: Prices continued to climb slightly, with most sessions holding above 81p.

⚡ Power: Volatility persisted but the overall average dipped after early-week highs.

⚡ Day-Ahead Prices Breakdown

�� After last week’s volatility, this week saw a gentler overall upward trend — especially on gas, with electricity retreating from its recent highs.

�� 5-Week Price Trend

�� Gas: Trending upward but still well below mid-July levels.
�� Power: Pulling back after a sharp spike in early July.

�� Ready to Check Prices?

�� Prices have dipped — but that doesn't always last.
Now could be a smart window to explore options without pressure.

�� What’s Driving the Market?

��️ Gas Market Drivers

Norwegian outages: Ongoing capacity restrictions maintained firm prices.
Storage: European reserves remain high, but exports and forecasts are now under scrutiny.
LNG arrivals: Consistent, but weaker than spring levels, keeping risk premiums active.

⚡ Power Market Drivers

Reduced wind generation: Especially midweek, lifted peak pricing.
Demand variation: End-of-month consumption fell slightly, helping ease later prices.
Firmer gas inputs: Continues to impact generation costs and therefore electricity pricing.

�� 6–Month Energy Market Trends

⚠️ While gas stabilised, electricity saw renewed volatility — particularly in late July highs.

Historic power prices above £90/MWh appear to be short-lived for now.

�� What This Means for Your Business

�� What to Watch Next Week

�� UK and EU gas storage developments and balance of LNG deliveries.
�� Wind generation and temperature forecast impacts on daily power volatility.
�� Forward contracts as we approach Q4 contract shaping.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

It’s still a mixed bag — gas showing strength, power showing weakness.

�� Our advice:

If you're inside 3 months, get quotes now — gas is rising.
If you're later into winter, monitor weekly — electricity could still offer dips.
Longer-term? Use this window to benchmark risk-free, especially before Q4 demand hits.

July 2025 UK Energy Market Trends: Gas, Power & Oil

tom@smart-energy.uk (Thomas McGlynn) — Fri, 01 Aug 2025 09:29:25 GMT

�� Key Takeaways for Businesses

Power prices dipped mid-month , offering a short-lived chance to fix below £65/MWh.

Gas remained stable , averaging 81.06p/th – only slightly higher than June.

�� Forward contracts for Winter 2025 and Q1 2026 are now trending upwards .

❄️ Those with renewals in winter should act early to avoid higher pricing later.

Gas Holds Steady, Power Costs Rise – Winter Contracts Now More Expensive

�� July at a Glance: Average Prices vs. Previous Months

�� Market Movement Summary:

�� Gas : Down 6.4% from June, returning to May levels — a sign of ongoing summer stability.
⚡ Power : Up 14% from June — driven by volatility in the first half, but part of a longer-term upward trend now seen across forward contracts.

�� Week-by-Week: What Happened in July?

�� Wholesale Gas and Electricity Price Trends – July 2025

6-Month Price Trend Overview

�� Electricity dipped to its lowest level since January on 4th July before rebounding.

�� Gas prices remained range-bound between 78–85p/th , suggesting limited short-term risk.

�� What’s Driving UK Business Energy Prices?

��️ Geopolitical Events

Ongoing tensions in the Middle East and Ukraine led to minor price reactions, especially in oil and LNG forward sentiment.
The US–EU trade policy shift mid-month caused speculative jitters in global gas contracts.

��️ Weather & Renewables

Low wind output during the second week of July drove power volatility.
Later weeks saw more stable generation, helping prices settle.

��️ Storage & LNG

EU gas storage remains above 80% full , ahead of seasonal average.
LNG deliveries into NW Europe were steady, though some August outages are forecast.

�� Forward Market Outlook

�� Is Now a Good Time to Fix My Energy Contract?

�� Want to secure today’s lower rates before winter increases?

Rates are rising again — especially for Winter 25 contracts.
�� Don’t miss out on cheaper power and steady gas rates.

�� 12-Month Market Context

��️ The cheapest electricity price of the month was £61.92 on 4th July

�� Gas remains below early 2025 levels but is showing signs of stabilisation.

�� Looking Ahead to August

☀️ Warm, calm weather forecast – could limit wind generation.

��️ LNG outage concerns in August may support gas prices.

�� Forward prices for Winter 25 will be closely watched — early movers may win.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� Final Thoughts

July gave businesses a solid opportunity to fix electricity at a seasonal low.
While gas has stabilised, forward contracts are slowly rising again .

If your contract ends before next spring, we recommend reviewing your options now — while summer pricing still holds.

Secure a better rate.

Or stay informed with free updates.

We'll help you make the right decision at the right time — no pressure, just expert advice.

No Standing Charge Business Energy Tariffs - Are They Right for You?

tom@smart-energy.uk (Thomas McGlynn) — Thu, 31 Jul 2025 09:41:03 GMT

More suppliers are now offering 'no standing charge' business energy tariffs. On the surface, it sounds like a win — no daily fees, just pay for what you use. But is that actually better for your business?

Let’s break it down in plain English so you can see whether no standing charge (NSC) or a low unit rate with a standing charge (SC) makes more sense.

�� What Is a Standing Charge?

A standing charge is a fixed daily cost applied to your electricity or gas meter. Even if you don’t use any energy, you’ll still pay this charge to stay connected to the network.

Typical charges range from 25p to £3.00/day , depending on your meter type, usage and supplier.

❌ What Is a No Standing Charge Tariff?

With a no standing charge deal, that daily fee is removed — but the unit rate (price per kWh) is usually higher to compensate.

This means:

You only pay for the energy you use
But each unit of electricity is more expensive

These tariffs are usually only available for small business meters (non-Half-Hourly) and tend to suit low-usage or seasonal sites .

�� SC vs. NSC – Simple Example (Illustrative Only)

⚠️ Important: The example below uses estimated pricing for illustration only. Real-life quotes change daily based on the wholesale market, your location, and your usage. For accurate costs, get a personalised quote here.

�� Real-World Scenarios

✅ When No Standing Charge Can Work

Pop-up shops or seasonal venues
Avoid paying daily fees when you’re not trading.

Storage units or low-activity premises
If you use less than 5–10 kWh/day, the higher unit rate may still be cheaper overall.

Very small offices or remote hubs
Sites using under 2,000–3,000 kWh per year may benefit — especially if usage is unpredictable.

❌ When a Standing Charge Tariff Is Better

Retail shops, cafés, salons, or takeaways
You use power every day. Paying a higher unit rate adds up fast.

Sites with fridges, cookers, or electric heating
Even low-to-medium usage adds cost with a no-SC tariff.

Larger teams or long hours
If your site is consistently active, a cheaper unit rate almost always saves you more.

�� Rule of Thumb

If your business uses more than 3,000–4,000 kWh per year , a lower unit rate with a standing charge is usually the cheaper option — because the biggest part of your bill comes from how much energy you use, not the daily fee.

�� Try Our Live Tariff Comparison Tool

Wondering which option would cost your business more? Use our calculator below.

Just enter your annual electricity usage , and we’ll show you:

The total cost with a standard standing charge
The total cost with no standing charge
Which one is more cost-effective based on your usage

�� Want to Beat the Quotes You’ve Been Given?

Most suppliers only show you one type of tariff , but it might not be the most cost-effective for your site.

We compare over 28 business energy suppliers to find the best fit based on your usage, site size, and contract length.

✅ No pressure
✅ No sales fluff
✅ Quotes in under 24 hours

�� Get a Free Personalised Quote

�� Final Thoughts

'No standing charge' tariffs can work well for seasonal or low-use businesses — but in most cases, especially if your site is active daily, a low unit rate with a standing charge will save you more across the year.

If you’re unsure which way to go, let us help. We’ll run the numbers for you and show both options clearly — no jargon, just smart choices.

�� Want to chat it through?

Message us or upload a recent bill — we’ll do the hard work for you.

🔍 SSE Protect vs SSE Choice: Which Contract Is Right for Your Business?

tom@smart-energy.uk (Thomas McGlynn) — Tue, 29 Jul 2025 10:12:50 GMT

Choosing the wrong contract could cost your business thousands—especially if third-party costs spike mid-term. SSE offers two distinct contract types for business customers:

�� SSE Protect – full price certainty, no surprises
⚡ SSE Choice – fixed wholesale rates with some flexibility in third-party costs

Here’s what to know before locking in a deal—and how to avoid common pitfalls.

�� Quick Market Overview

�� SSE Protect: Fully Fixed, Fully Covered

What it is:
A fully fixed business energy contract. Everything—from your kWh unit rate to third-party charges (like grid costs, renewable levies, and standing charges)—is locked in for the entire contract length.

Ideal for:

Businesses who cannot risk mid-contract price hikes
Those who need precise budgeting and cost forecasting
Clients wary of government levies or non-commodity cost increases

✅ Key Benefits:

Predictable bills from start to finish
100% cost protection, including levies and grid fees
Ideal for 1–4 year contracts

⚠️ What to watch out for:

Higher initial price than flexible options
No early exit fees**, but if you leave early you may still need to pay remaining charges or lose your renewal pricing

⚡ SSE Choice: Fixed Energy, Forecasted Add-ons

What it is:
This plan fixes your wholesale energy rate (per kWh), but non-commodity charges (like network and policy costs) are based on forecasted figures. These may be adjusted mid-contract if actual costs differ.

Ideal for:

Businesses looking for a lower starting price
Those willing to accept some risk in return for savings
Companies with energy knowledge—or a good broker ��—to monitor cost changes

✅ Key Benefits:

Lower pricing compared to fully fixed contracts
Reconciliation clauses—if actual costs fall, you may get a refund
Up to 5-year terms available

⚠️ What to watch out for:

Budget uncertainty if forecasts are wrong
Possible mid-contract cost increases
Requires trust in SSE’s forecasting and transparency

�� A Word of Caution: Don’t Get Caught Out

Some brokers may push SSE Choice because it looks cheaper upfront , but not all explain what it really means .

�� We’ve seen cases where businesses signed up thinking they had a fully fixed deal , only to be hit with extra charges months later when forecasted non-commodity costs were adjusted.

Here’s the truth:

❌ SSE Choice is not a fully fixed contract
�� Some charges (like transmission, policy costs, balancing services) are based on industry forecasts
�� If actual costs go up, you could see your rates increase mid-contract
�� You might receive reconciliation charges or revised invoices you weren’t expecting

⚠️ If your broker doesn’t explain this properly, you might assume you're getting price certainty when you're not.

At Smart Energy Company, we always:

✅ Break down every contract feature in plain English
✅ Tell you why a deal is cheaper—and what risks come with it
✅ Help you compare SSE with over 28 other suppliers before you commit

�� Feature Comparison Table

�� Which One Should You Choose?

✅ Choose SSE Protect if:

You want no price shocks —ever
You need certainty to plan budgets confidently
You’d rather pay more now than face cost spikes later

�� Choose SSE Choice if:

You want a more competitive starting price
You can handle some risk in 3rd-party charges
You’re open to refunds if actual costs fall

Either way, you're backed by 100% renewable electricity as standard—powered by SSE’s UK wind and hydro sources. Need green gas too? You can add that on request.

✅ Final Tip: Always Ask These Questions Before Signing

Is this contract fully fixed—including third-party costs?
Can these rates change mid-contract, and if so, how?
Will I be refunded if forecasts were too high?
Is the price protection worth the extra cost for my business?

�� Not Sure Which SSE Contract Suits You?

We compare SSE Protect and SSE Choice—alongside 28+ other suppliers —to help you get the best deal for your business type, usage, and risk level.

�� Get a free quote with zero obligation.
We’ll walk you through your options and check if Protect or Choice is the best fit.

UK Energy Market Update: 21st –25th July 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 28 Jul 2025 14:50:46 GMT

Steady gas, volatile power — a mixed week for business energy buyers

�� Summary at a Glance

✅ A welcome dip in both gas and electricity prices after last week’s spike.
�� Gas is down 4%, and power softened slightly — a helpful pause for those watching the market.

⚡ Day-Ahead Prices Breakdown

⚠️ No sharp anomalies , but prices held firm across the week. Gas dropped midweek as Norwegian flows stabilised.

�� 5-Week Price Trend

�� After last week's jump, this week saw a gentle correction downward — welcome news for businesses yet to renew.ing.

�� Ready to Check Prices?

�� Prices have dipped — but that doesn't always last.
Now could be a smart window to explore options without pressure.

�� What’s Driving the Market?

�� Gas Market Drivers

�� Norwegian flows steadied after earlier outages; flows near 311 mcm/day from Gassco on 23 July
�� UK gas storage now 85%+ full at major terminals including South Hook and Isle of Grain
�� LNG arrivals ongoing , with South Hook expecting a US cargo on 27 July
��️ Cooler weather reduced gas-for-power demand.

�� Power Market Drivers

⚛️ Nuclear outages remain heavy — Hartlepool 1 & 2, Heysham 1 & 2, and Torness units still impacting baseload
☀️ Solar & wind improving toward end of week — forecasted output to exceed seasonal norms
�� Interconnectors running steadily , but UK continued modest exports via BBL and IUK.

�� 6–Month Energy Market Trends

Both gas and power prices remain well below their 6-month highs , but volatility remains likely through August.

⏳ This may be a short-lived plateau before the next move — especially with nuclear shortfalls and global energy risk.

�� What This Means for Your Business

�� What to Watch Next Week

�� New LNG cargoes expected from the US and Panama
⚛️ Heysham and Torness outages continue — delays could pressure prices
��️ Wind generation forecast to climb sharply
�� Global oil & carbon markets reacting to wider geopolitical and inflationary signals

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

It’s not often we see a softening in both gas and power during summer — but here we are.

�� Both markets fell , offering a useful window to review contract options
��️ Norwegian gas and nuclear issues are still unresolved — this could reverse quickly
⏳ If you’re within 3 months of renewal, now may be a smart time to fix

Let’s help you take advantage of the current dip — or track it for when you’re ready.

UK Energy Market Update: 14th –18th July 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 28 Jul 2025 14:40:59 GMT

Steady gas, volatile power — a mixed week for business energy buyers

�� Summary at a Glance

�� Prices rose across both markets this week — bad news for those waiting to fix .
�� Power climbed nearly 8% , reversing the dip we saw the week before.

⚡ Day-Ahead Prices Breakdown

⚠️ No major pricing anomalies, but both gas and electricity rose steadily throughout the week.

�� 5-Week Price Trend

✅ Power is trending lower after June volatility — a positive sign.
⚠️ Gas has climbed 4% this week, reversing part of the recent softening.

�� Ready to Check Prices?

�� Avoid paying more than you need to.

Get your free quote today and compare live rates across 28+ suppliers.

�� What’s Driving the Market?

�� Gas Market Drivers

�� Norwegian maintenance at Nyhamna, Kollsnes, and Troll facilities caused big supply dips — cutting over 90mcm/day on 16 July alone
�� Flows to UK recovered by Friday , but the damage was already priced in.
❄️ Temperature forecasts adjusted slightly down , but cooling demand remained above normal.
�� LNG sendout dipped — South Hook and Isle of Grain only supplied 9mcm/day by Friday

�� Power Market Drivers

�� Nuclear outages remain high: Hartlepool 2 and Heysham 1-2 still offline. Torness Unit 1 will also drop offline from 19 July
��️ Wind generation dropped midweek, leading to more gas-for-power demand.
�� Imports stable , but UK was still importing less via Belgium and the Netherlands compared to earlier in July.
☀️ Solar stayed strong , keeping peak pricing capped despite tight margins.

�� 6–Month Energy Market Trends

The chart below shows how day-ahead gas and power prices have moved since January.
Gas is still trending down from winter highs, but electricity remains unstable , driven by generation and demand imbalances.

�� What This Means for Your Business

�� What to Watch Next Week

�� Norwegian outage risk remains : Gassco expects repairs to finish by early week, but delays are possible.
�� LNG arrivals due from Algeria, US, Nigeria and Russia — watch closely for delivery confirmations.
☀️ Hot weather and light winds will impact both gas demand and power prices.
⚛️ Torness Unit 1 offline from 19 July – further strain on baseload supply.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

This week was a turning point:

�� Gas and power both moved higher — reversing early July's dip
�� Supply risks remain real, and heat is keeping demand elevated
�� Forward contract rates are also climbing — early action may avoid further hikes

If you're unsure where you stand, we’re here to guide you through it — with clear options, not pressure .

UK Energy Market Update: 7th –11th July 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 28 Jul 2025 14:29:43 GMT

Steady gas, volatile power — a mixed week for business energy buyers

�� Summary at a Glance

✅ Gas prices edged higher , driven by hotter weather and limited LNG.
⚠️ Power dropped week-on-week , but this includes a sharp and unusual price dip early in the week.

⚡ Day-Ahead Prices Breakdown

⚠️ Electricity dropped to just £62.95 on Monday — likely due to high solar output and low early-week demand. Prices recovered quickly and held above £83 from Wednesday onwards.

�� 5-Week Price Trend

✅ Power is trending lower after June volatility — a positive sign.
⚠️ Gas has climbed 4% this week, reversing part of the recent softening.

�� Ready to Check Prices?

�� Avoid paying more than you need to.

Get your free quote today and compare live rates across 28+ suppliers.

�� What’s Driving the Market?

�� Gas Market Summary

Hotter weather pushed cooling demand up, raising pressure on prices.
Norwegian pipeline flows reduced by Troll maintenance (~15mcm/day impact).
No new LNG deliveries this week; South Hook and Isle of Grain held steady at 9mcm/day.
UK storage remains strong , offering some price stability.

�� Power Market Summary

Prices dropped sharply on Monday due to low demand and strong solar generation.
By Wednesday, electricity returned to above £83/MWh , reflecting tighter margins and limited nuclear output.
Hartlepool 2 and Torness are due back mid-July, which may ease baseload prices.
Interconnectors ran normally, helping support UK supply.

�� 6–Month Energy Market Trends

�� What This Means for Your Business

�� What to Watch Next Week

��️ Heatwave continues – likely to drive further demand for cooling
⛽ Next LNG arrival due 15 July – could ease supply pressure
�� Norwegian maintenance ongoing – may restrict gas exports
⚛️ Return of 1GW of nuclear power expected – could help stabilise power prices

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

This week shows how unpredictable things can get — especially in electricity markets.

✅ Power prices dropped , offering some relief
⚠️ Gas prices rose , and supply constraints could keep pressure on
�� For those due to renew soon, the power market looks more favourable than gas right now

We’ll continue tracking these shifts so you can make smart, well-timed decisions — without the spin.

UK Energy Market Update: 30th June –4th July 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 07 Jul 2025 09:46:36 GMT

�� Power prices plunge midweek, while gas holds steady near monthly average

Another volatile week in UK energy markets — while gas stayed steady, electricity prices surged, wiping out last week's anomaly. Temperatures, renewables, and storage remain key drivers as we head into July.

✅ Gas prices held firm at 82.98 p/th

⚡ Electricity rebounded to £78.05 /MWh

�� Power prices jumped 32.7% vs last week’s anomaly

�� Storage levels and weather outlooks support cautious optimism

�� Weekly Energy Market Recap

Quick Snapshot

�� Power fell 34% from Monday to Friday
�� Gas fluctuated within a tight 76–79.5 range

�� Weekly Prices at a Glance

�� Note: Last week’s electricity average was artificially low due to price anomalies. This week reflects a true reset in market direction.

�� 5-Week Price Trend

⚠️ 27/06 electricity figure was affected by anomalies. This week represents a return to standardised pricing.

�� Key Factors This Week

�� Gas

The UK system remained well-supplied thanks to strong LNG sendout , stable Norwegian flows, and the return of Easington .
A modest drop in gas prices reflects improved system balance, with lower gas-for-power demand due to increased wind output.
Europe’s gas storage stood at 59.44% — solid progress, with 15 LNG cargoes last week and 10 more incoming.

⚡ Power

Electricity prices surged as data normalised , reversing the anomaly from late June.
Strong solar output helped suppress prices midweek, but low wind on several days triggered increased gas-for-power demand .
Power futures rose slightly, but prices remain range-bound as July weather is the main focus.

�� Oil & Macro

Brent crude stayed in the $67–69 range
EU–US trade talks and Netanyahu’s US visit added background risk
Carbon and coal prices remained broadly stable

�� What This Means for Your Business

❄️ If your contract ends between Oct–Jan

Fixing soon could avoid Winter premiums. Prices are currently holding — worth locking now if rates suit your budget.

�� If you're due to renew in 3–6 months

Track closely. Power prices have risen sharply from last week’s lows. Holding a little longer could work, but it’s risky if volatility returns.

�� If you're already out of contract

You’re exposed to high variable rates. The current power jump means you could be overpaying — get a fixed quote today.

�� Avoid paying more than you need to.

Fix your contract at current levels — before heatwaves or politics spark another market surge.

�� 6–Month Energy Market Trends

Gas is now sitting close to its 6-month low — while electricity saw a sharp correction this week.

�� We’re in a low range — but the next heatwave or supply disruption could reverse that quickly.

�� Looking Ahead

Will high temps drive gas-for-power demand back up?

Could trade talks or geopolitical shifts trigger volatility?

Are current power levels the “new normal” after data anomalies?

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

✅ Final Thoughts

Gas has stabilised, but power has surged again after a short-lived dip. If you’re renewing this summer or worried about Winter costs, don’t delay.

�� If you're out of contract, act now to avoid premium rates.
�� If you're mid-term, monitor daily — rates are bouncing around.
�� If you're due before winter, now’s a key window.

�� If your contract ends this quarter — now is a solid time to review.

⚡ Npower’s Electricity Licence Will Be Revoked on 1 August 2025 — Here’s What It Actually Means

tom@smart-energy.uk (Thomas McGlynn) — Fri, 04 Jul 2025 10:32:15 GMT

Npower is voluntarily exiting the electricity market on 1 August 2025 — here’s what it means for your contract, supply, and next steps.

�� What’s Happened?

Ofgem has issued a formal notice confirming that Npower Limited (Company No. 03653277) will have its electricity supply licence revoked with effect from 1 August 2025 at 00:01am .

This follows a voluntary request made by Npower in March 2025 — and marks the final step in their long-standing withdrawal from the UK energy supply market .

✅ Are Any Customers Affected?

No.

While the headline might sound alarming, Npower Limited no longer supplies any customers and hasn’t for some time.

They exited the Balancing and Settlement Code (BSC) earlier this year — a required move before a licensed supplier can leave the market. That means:

⚠️ There are no customers on supply
❌ No legacy contracts remain
�� No Supplier of Last Resort (SoLR) process is required

This revocation is purely administrative — it doesn’t impact any live supply arrangements.

�� So Why Did You Still Flag It?

At Smart Energy Company, we keep an eye on supplier exits, licence changes, and brand activity — because it’s not always obvious who you’re really dealing with .

Many businesses still see “npower” branding on quotes or documentation. That’s because:

“npower” is still an active trading name — but under a different company:
�� Npower Commercial Gas Limited (Company No. 03768856),
trading as npower Business Solutions, part of the E.ON group.

So, if you’ve recently received a business energy quote from npower, it didn’t come from Npower Limited (the entity losing its licence).

It came from a separate, licensed and operational company still supplying UK businesses.

�� What Should You Do?

If you're unsure who issued your quote, or whether you're dealing with a live, licensed supplier, we’re happy to take a look.

✅ We'll:

Check your supplier and trading entity
Explain any risks, limitations, or hidden pass-throughs
Compare it against 28+ suppliers to see how it stacks up

We do this without pressure or obligation — just honest, informed advice to help you make the right call for your business.

�� Got a Quote from npower?

Let’s Double-Check It Together

�� Source & Disclaimer

This article is based on Ofgem’s official notice published 3 July 2025:
�� Read the full revocation notice

Information correct at time of writing. If you'd like help confirming your supplier, quoting entity, or whether your contract is still competitive, contact the Smart Energy Company team today.

UK Business Energy Market Review: Q2 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 01 Jul 2025 10:57:19 GMT

As Q2 wrapped up, energy markets showed sharp price shifts across gas and electricity — offering clear opportunities for businesses to fix before future risk returns. Let’s break down what happened across April, May, and June, and what it means for your contracts.

Q2 2025 UK Business Energy Market Review

✅ At a Glance: What Happened in Q2?

�� Gas fell 5.4% overall : April to June saw average gas prices drop from 86.22p/th to 81.61p/th

⚡ Electricity fell 12% : Prices dropped each month — from £81.48/MWh in April to £71.43/MWh in June

�� Three consecutive monthly declines

�� June power hit its lowest level since December 2023

�� Global trade tensions, stable LNG supply, and weak demand influenced prices

��️ Monthly Price Snapshot (Q2 Recap)

Key Takeaways:

�� Electricity fell 12.4% from April to June

�� Gas dipped in May , then climbed back in June — largely driven by storage, not supply cuts

⚠️ Volatility hasn’t disappeared — but these price drops offer a window for forward planning

 �� Q2 average gas price: 83.48p/th
�� Q2 average power price: £76.90/MWh

�� What Drove the Market?

�� Geopolitics & Global Trade

Red Sea disruptions and ongoing US-China tensions drove market nerves in April
Iran-related risks simmered but didn’t escalate
Tariffs and trade policy continued to impact equipment and infrastructure costs indirectly

��️ Weather & Renewables

Mild conditions meant lower heating and cooling demand
Wind output was strong in April and May, supporting grid stability
Shorter-term sunshine boosts helped suppress daytime pricing in late June

⚡ Supply, Storage & Infrastructure

LNG flows remained high , particularly from the US and Qatar
UK gas storage refills began earlier than usual, lifting June gas prices
Two nuclear plants returning from maintenance helped pressure electricity costs lower

�� Want to secure today’s lower rates before further increases?

Get a live quote from 28+ trusted suppliers. We’ll compare the best fixed deals for you.

�� 12-Month Market View: Are Prices Falling?

Prices are now well below their winter peaks, helped by falling demand and favourable supply.

�� Gas is down 21% vs January 2025
�� Power is down 43% vs January 2025

This quarter confirmed a sustained downtrend — but markets remain volatile, especially as winter pricing risk re-emerges from Q3 onwards.

�� What This Means for Your Business

�� Expert Insight from Smart Energy Co.

"Geopolitical tensions — like the recent Iran–Israel conflict — are a stark reminder of how quickly energy markets can shift. Even events thousands of miles away can cause major price swings here in the UK."

"With prices having eased across Q2, this could be a rare window to secure stability before risk returns — especially for those renewing in the next six months."

We help businesses compare over 28 suppliers, make sense of contracts, and avoid costly guesswork.

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� Looking Ahead to Q3 2025

Here’s what we’re watching as we move into July:

Will gas storage fill too quickly and trigger price dips or congestion?

Will summer heatwaves increase cooling demand and electricity risk?

Could geopolitical flare-ups disrupt LNG flows or shipping again?

Will Ofgem's network cost review affect business pass-through rates?

�� Final Thoughts

Q2 gave businesses a rare 3-month stretch of falling prices — with power hitting its lowest point since December 2023 .

Whether you're renewing soon or just want to stay ahead of the curve, now is a smart time to:

✅ Review quotes
✅ Understand your renewal window
✅ Fix before market sentiment changes

�� Ready to Review Your Options?

Don’t wait until prices climb again. Get a fresh quote today — no pressure, just clarity.

June 2025 UK Energy Market Trends: Gas, Power & Oil

tom@smart-energy.uk (Thomas McGlynn) — Tue, 01 Jul 2025 10:15:52 GMT

�� Monthly Recap Snapshot

June 2025 Recap

Average Gas: 86.61 p/th ⬆️
Average Power: £71.43 /MWh ⬇️

✅ At a Glance: What Happened in June?

June was a rollercoaster month for wholesale energy, with geopolitical tensions, heatwaves, and ceasefire headlines all contributing to wild swings — especially in power prices.

✅ Gas prices averaged 86.61 p/th – ⬆️ 4.9% from May

⚡ Electricity averaged £71.43/MWh – ⬇️ 8.15% from May

�� Power hit extreme lows mid-month due to short-lived demand collapse

�� Gas markets soared mid-June following Israeli strikes on Iran

��️ Oil rose then dropped on conflict risk, with Brent peaking near $79

�� Despite volatility, forward prices trended down overall, improving fixed contract opportunities.

�� Interpreting the Chart: Key Market Movements

Key Patterns:

�� Mid-June Gas Spike: Prices surged following Israeli strikes on Iran’s infrastructure, raising fears over LNG disruption via the Strait of Hormuz.

⚠️ Electricity Volatility: Record lows hit on 23rd & 24th June due to weak demand and strong wind, skewing the monthly average.

�� Late June Softening: Ceasefire announcements and resumed Norwegian flows eased prices lower to close the month.

�� Price Comparison Table

�� What Drove the Market?

�� Geopolitics:

Mid-June saw Israeli strikes on Iranian nuclear sites and a brief oil price surge as the U.S. signalled possible intervention.
A ceasefire was later announced, but markets remained cautious, especially around LNG flows through the Strait of Hormuz.

☀️ Weather & Renewables:

June was hotter than average, increasing cooling demand but failing to significantly lift prices.
Strong wind output (especially late June) suppressed power prices — leading to record lows on 23rd & 24th June.

�� Supply & Storage:

Norwegian maintenance disrupted gas flows early in the month but resumed by month-end.
EU storage continued filling steadily, sitting near seasonal norms.

�� Want to secure today’s lower rates before further increases?

Get a live quote from 28+ trusted suppliers. We’ll compare the best fixed deals for you.

�� 12-Month Market View: Are Prices Falling?

Summary:

�� Winter 24–25 Prices Dropped: Good for early fixers
�� Gas prices briefly spiked mid-June on conflict risk
⚠️ Power volatility remains high — timing is critical for power fixers

�� What This Means for Your Business

�� Looking Ahead to July

Here’s what we’re watching:

��️ Will cooling demand remain weak?

�� Will Israel–Iran ceasefire hold or collapse again?

�� When will the second round of Norwegian maintenance hit?

�� Are storage levels on track for winter security?

Why Business Work With Us

Rated 5 Stars by UK Businesses

“Tom’s updates on energy prices have saved us money year after year. Highly recommend the Smart Energy Company. ”

�� Final Thoughts

June delivered a volatile mix of headlines, drops, spikes, and sudden reversals. But the overall trend is more positive for energy buyers — particularly on long-term fixed deals.

✅ Fixing your rates during calmer spells like this can protect your business from renewed volatility later in the year.

�� Ready to Review Your Options?

Don’t wait until prices climb again. Get a fresh quote today — no pressure, just clarity.

Engie Out of Contract Rates – Avoid Higher Energy Costs

tom@smart-energy.uk (Thomas McGlynn) — Tue, 01 Jul 2025 10:14:45 GMT

ENGIE: Out of Contract (Default) Rates - July 2025 Update

If you're with ENGIE and currently out of contract or on deemed rates, it's crucial to understand the charges you're incurring. ENGIE publishes separate default rates for gas, non-half hourly (NHH) electricity, and half hourly (HH) electricity supplies. As with other suppliers, these default rates are typically much higher than fixed-term contract prices.

�� Quick Summary - Current ENGIE Out of Contract Rates

�� Gas (From 1 July 2025)

�� Electricity (Non-Half Hourly)

�� Electricity (Half Hourly)

Applies to all LV & LV Sub tariffs; HV bands 1 & 2 (approx. kVA < 1000)

⚡ Why Out of Contract Rates Cost You More

ENGIE's OOC rates are significantly higher than competitive fixed-term deals. While they’re 100% green and fully transparent, they’re not intended for long-term use.

Remaining on these rates can result in avoidable costs, especially if your usage is high or your site qualifies for large-volume banded charges.

Switching to a fixed-term contract typically reduces energy costs by 40–70%.

Avoid paying more than you need to.

Get your free quote now.

�� ENGIE OOC Notes

All prices exclude VAT and Climate Change Levy (CCL).
DUoS capacity and excess charges apply to HH supplies.
Standing charges are tailored to the site and may vary.
Rates apply until further notice.

For customers in higher volume bands or with specialist supply needs, ENGIE advises contacting their teams directly.

Frequently Asked Questions About Engie Out of Contract Rates

�� Take Action Now

Let us help you switch to a better energy deal and leave high default rates behind. We'll handle the full process — from supplier negotiation to switching.

Disclaimer: Rates correct as of July 2025. All charges exclude VAT and may be subject to pass-through costs. Contact us for site-specific analysis.

Half-Hourly Electricity Meters: Are You Stuck With One — and How to Cut the Costs

tom@smart-energy.uk (Thomas McGlynn) — Tue, 01 Jul 2025 08:55:00 GMT

Can’t downgrade your Half-Hourly meter? Discover cost-saving tips for UK businesses, including capacity reviews and supplier switching advice.

UK Energy Market Update: 23rd–27th June 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 30 Jun 2025 10:28:52 GMT

�� Weekly Energy Market Recap

Quick Snapshot

Weekly Summary:

A volatile week for energy markets as Middle East tensions faded with a ceasefire between Israel and Iran — only to reignite briefly with U.S. airstrikes. Despite this, gas and power prices corrected downward midweek, with clear anomalies mid-week due to contract rebalancing and geopolitics.

Average Day-Ahead Prices:

�� Gas: 87.72 p/therm
�� Power: £58.82/MWh

✅ Good news: prices ended the week lower than they started, offering some renewed confidence for buyers waiting on market stability.

⚠️ Note: Price anomalies on 23rd & 24th June reflect short-term volatility triggered by ceasefire headlines and trading repositions.

�� Market Overview

�� Gas

Gas prices started high on Monday as traders priced in the risk of further Middle East escalation. But peace talks and confirmed ceasefire between Israel and Iran sent prices tumbling.
By Wednesday, prices had fallen nearly 13%, marking one of the sharpest corrections this year. Norwegian flows recovered post-maintenance, and UK temperatures remained mild, capping any bullish momentum.

�� Power

Power markets mirrored gas, but with added volatility.
Tuesday’s £49.20 was swiftly followed by a rare 87.27 spike on Wednesday — a near 78% jump — before stabilising again.
The midweek surge was likely driven by unplanned outages, coupled with shifting interconnector availability and market repositioning. By Friday, prices cooled back to a more realistic £61.09.

��️ Oil & Carbon

Oil markets were reactive but ultimately flat. Brent closed Friday at $67.73/bbl after fluctuating on U.S. military activity in Iran.
Carbon prices softened slightly, with the UK ETS ending the week around £47.65/t, offering marginal relief for generators.

�� Weekly Prices at a Glance

⚠️ Anomalies : Early week price lows on 23rd–24th June were temporary and likely due to market reshuffling, not structural risk.

�� 5-Week Price Trend

�� Weekly averages dipped — signalling a break from the recent upward run.

�� Key Factors This Week

Ceasefire Announced : Israel–Iran de-escalation led to sharp midweek corrections.

U.S. Strikes & Hormuz Watch : Temporary spike as U.S. joined airstrikes; fears of Strait closure subsided.

Norwegian Flows : Maintenance wrap-up brought supply back online.

Crude Prices : Flat, despite geopolitical churn.

Carbon Markets : UK ETS dipped to £47.65/t by week-end.

�� What This Means for Your Business

Fixing for 3–6 months?
Rates are better than they’ve been in weeks — now’s a smart time to compare.

Reviewing Winter 2025 deals?
Forward rates dipped slightly but still carry premium — worth watching closely.

On out-of-contract rates?
You’re likely paying 50–70% more than you need to.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 6–Month Energy Market Trends

Markets appear to be normalising after the most recent conflict scare. Here’s how things have evolved:

�� After peaking above 130 p/th during conflict uncertainty, prices have corrected by over 40 p/th — a significant reset for buyers.

�� Looking Ahead

Watch for Phase 2 of Norwegian Maintenance in August.

U.S.–Iran nuclear negotiations could reintroduce volatility.

Carbon price trends may impact winter power contracts.

Now’s the time to revisit your quotes if you held off during June’s turbulence.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

Despite one of the most volatile midweeks this year, the market corrected fast and is now trading at more buyer-friendly levels. Geopolitical events are being absorbed more calmly, and fundamentals are pointing to a steadier summer outlook.

�� If your quote is over 7 days old, it's worth checking again.
�� Friday’s closing prices were 17% below Monday’s open — don’t leave that saving on the table.

Energy Market Update: 16th - 20th June 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 23 Jun 2025 09:55:26 GMT

�� Weekly Energy Market Recap

Quick Snapshot

A detailed weekly energy update — from day-ahead data to ongoing Gas, Power, Oil and commodity trends impacting business energy contracts.

We saw significant wholesale price rises this week (16th to 20th June 2025), with heavy risk premium added as the Israel-Iran conflict escalated further.

This has been the largest weekly rise since tensions first began building. Forward pricing has climbed sharply, with front-month gas reaching its highest levels since early April.

�� Market Overview

Gas:

Gas prices surged midweek, driven by heightened conflict risk between Israel and Iran. While supply flows remain unaffected for now, markets priced in higher probability of disruptions to LNG shipping routes via the Strait of Hormuz. UK NBP front-month briefly pushed above 98 p/th — the highest since early April. Stronger Norwegian flows and healthy storage levels helped cap some of the gains late week.

Power:

Power markets tracked gas price movements closely, with additional upside pressure from reduced wind output and stronger cooling demand due to above-average temperatures across Europe. Concerns also lingered over French nuclear capacity with ongoing reactor issues and extreme heat impacting cooling water levels.

Oil:

Oil markets rallied sharply on growing fears of U.S. involvement escalating the Middle East conflict. Brent crude reached $78.85 /bbl — its highest close since January — before easing slightly at the week’s end as direct U.S. strikes remained limited.

�� Weekly Prices at a Glance

�� 5-Week Price Trend

Direction: Prices are now rising sharply across both gas and power contracts following conflict escalations.

�� Key Factors This Week

�� Middle East Escalation: Israel-Iran conflict entered second week with increased missile strikes and military posturing.

�� Strait of Hormuz Risk: Qatar advised LNG vessels to delay transit; markets pricing potential shipping disruptions.

�� Norwegian Outages: Partial Norwegian maintenance ongoing; Langeled flows fluctuated.

�� Heatwave Impact: UK and mainland Europe saw higher demand for gas-for-power generation due to low wind and rising temperatures.

⚛ French Nuclear Concerns: Ongoing corrosion issues at Civaux reactor raised fresh capacity questions.

�� U.S. Positioning: Markets reacting daily to shifting signals on potential American military involvement.

�� What This Means for Your Business

⏳ Contract Timing Suggestions

0–6 months: Secure now — heightened volatility and premiums building into short-term contracts.
6–12 months: Monitor closely — any further conflict escalation could drive fresh upward price spikes.
12+ months: Still reasonable — longer-term pricing remains more stable but rising slightly on increased global supply risks.

�� Don’t wait if your renewal is due. Even minor escalations are having outsized pricing impacts.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 6-Month Energy Market Trends

Looking at the 6-month wholesale market:

Gas prices have steadily climbed throughout June, now sitting close to their highest levels since early April 2025 . After reaching lows of around 79 p/th in early May, prices have risen sharply due to renewed geopolitical risks.
Power prices have followed closely , rebounding strongly from May’s temporary dip. The surge over recent weeks reflects both higher gas-for-power demand and concerns over nuclear generation capacity in France.
Despite healthy European storage levels, market sentiment has shifted heavily to risk premium pricing as traders react to every development in the Middle East.

With gas now approaching levels not seen since April and power back towards late-March averages, it’s a clear warning for businesses with upcoming renewals.

�� Looking Ahead

Middle East tensions will remain the single largest driver of volatility in the coming weeks.

The Strait of Hormuz remains open , but any disruption could trigger sharp upward price spikes.

Norwegian maintenance schedules are easing but remain a key factor on daily flows into Europe.

Weather forecasts point to continued hot conditions, increasing cooling demand and gas-for-power reliance.

French nuclear capacity concerns could intensify if heat impacts cooling operations further.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

Geopolitical risk remains firmly embedded in the market outlook as we enter summer. While supply flows remain stable today, every headline out of the Middle East has the potential to create sharp price shifts. Buyers should remain vigilant and proactive.

Middle East Conflict Escalates: What This Means for Your Energy Renewal

tom@smart-energy.uk (Thomas McGlynn) — Mon, 23 Jun 2025 09:02:21 GMT

Why Rising Tensions Could Push Energy Prices Higher — And Why Timing Your Renewal Matters

�� The Situation Has Entered a New Phase

Since our last blog, events in the Middle East have intensified dramatically:

The United States has now conducted direct military strikes on Iranian nuclear facilities .
Iran has issued strong warnings, threatening to widen its military response.
The Strait of Hormuz — which handles nearly 20% of global oil shipments — remains open , but is now firmly under the spotlight.
Oil and gas traders are watching developments closely, with some early pre-positioning already happening.

While the worst-case scenario (a full closure of Hormuz) has not yet occurred, the risks have materially increased.

�� Where Are Prices Right Now?

In short:

Prices have risen sharply over the past week.
Winter contracts are now firmly above 110 p/th for gas and approaching 100 £/MWh for power.
Traders are building in a growing risk premium but not yet pricing full crisis levels .

UK Forward Gas Prices (as of 23 June 2025):

UK Forward Power Prices:

�� Sign up for market alerts to receive updates based on your timeline — no spam, just useful insights to help you avoid overpaying.

�� Why This Escalation Matters to UK Energy Buyers

Even though the UK does not directly import oil or gas from Iran, global markets are highly interconnected:

Hormuz disruption would immediately hit oil & LNG shipping flows , with ripple effects across Europe.
Higher oil prices drive up wider inflation and energy generation costs.
Even limited interference in shipping lanes could trigger rapid speculative spikes in wholesale prices.

We saw exactly how fast markets can turn during the 2022 Ukraine invasion. Right now, the physical supply remains flowing, but the risk premium is rising.

�� The Critical Triggers to Watch:

�� We're Not Here to Scare You — We're Here to Inform You

At Smart Energy Company, we believe business owners deserve facts — not fear .

Yes, global events are creating serious risks in energy markets. But rather than using scare tactics, we provide clear, transparent updates based on real market data — so you can make informed decisions with confidence.

Don’t rely on broker scare stories or “act now or else” pressure.

Instead:
✅ Get the facts.
✅ Understand the risks.
✅ Time your contract properly based on actual market movements.

That’s why we publish Daily Market Updates — giving you up-to-date insights on UK gas, power and oil prices, with simple plain-English commentary.

Daily, weekly or monthly — no pressure, just facts.

�� What Should Businesses Do Right Now?

"Markets don’t always react instantly to headlines. But when they do turn, it happens fast."

For businesses with contracts expiring within the next 6-12 months :

This is a crucial review window .
Prices are elevated but manageable.
If conflict escalates further, your ability to secure lower pricing may disappear quickly.

For those further out:

Keep monitoring regularly.
Stay flexible and aware of price movements.
Be prepared to act if new disruptions hit.

�� Final Thoughts

The energy market is now pricing growing risk, but not yet panic. However, each new headline increases the chance of sudden price shocks.

Our advice remains clear:

Don’t assume today’s pricing will hold if the conflict worsens.
Review your renewal position early.
Take advantage of market stability while it's still available.

We monitor 28+ suppliers daily, tracking both wholesale markets and supplier-specific offers.

✅ Let’s Help You Take the Guesswork Out of It

We work with 28+ UK suppliers and track the market daily — so you don’t have to.

�� Get a no-obligation quote
�� Sign up to daily, weekly, monthly or quarterly updates
�� Or contact us directly if you want to talk through your contract options

Don’t wait for a crisis. Plan with confidence — today.

Stay informed. Stay ahead. Avoid panic decisions.

Israel, Iran & the UK Energy Market: Could Your Next Renewal Be Affected?

tom@smart-energy.uk (Thomas McGlynn) — Tue, 17 Jun 2025 09:36:43 GMT

We’re not here to panic you — but ignoring global events could cost your business thousands on your next energy contract.

�� Update — 23 June 2025:

The situation has since escalated further with new developments in the Middle East.

This article was originally published on 17 June.

�� The Conflict You Can’t Afford to Ignore

Tensions in the Middle East have escalated fast:

Israel has launched airstrikes on Iranian military and energy infrastructure
Iran retaliated , triggering fears over oil and gas supply disruption
The Gaza war continues , keeping the region unstable
There are growing concerns over the Strait of Hormuz — the critical shipping lane where over 20% of the world’s oil flows

So how does this affect your electricity or gas renewal in the UK?

Because when global supply gets squeezed, wholesale prices spike — even here at home.

�� Remember the 2022 Energy Crisis?

When Russia invaded Ukraine:

UK gas soared to over 600 p/th
Power contracts spiked above £500/MWh
Businesses who hesitated paid 2x or 3x what others locked in early

Meanwhile, those who:

✅ Reviewed early
✅ Fixed during dips
✅ Stayed informed through market updates

…avoided the worst of the chaos.

�� “Markets don’t always move when the headlines do — but when they do move, it’s usually too late to act.”

�� Where Are Prices Right Now?

As of Tuesday 17 June 2025 :

So yes — prices eased slightly today.

But that’s after a sharp surge late last week, where:

Brent crude nearly hit $78.50
Day-ahead power jumped over 10% in a single day
Forward gas and power contracts saw renewed upward pressure

Even today, Winter 2025 contracts are holding well above 100p/th , signalling long-term concern still priced in .

❓So, Should You Be Fixing Right Now?

Let’s be clear: we’re not saying another crisis is guaranteed.

But we are saying this:

Would you prefer to lock in at a relatively stable market today — or risk kicking yourself later if this turns into another 2022?

You don’t need to panic.

You just need to be informed.

�� What We Recommend Based on Your Renewal Date

�� Sign up for market alerts to receive updates based on your timeline — no spam, just useful insights to help you avoid overpaying.

�� Why Global Conflict Matters — Even to UK Businesses

The UK doesn’t buy oil or gas directly from Iran — but global energy pricing is interconnected .

A threat to Middle East LNG supply? UK prices rise.
Oil hits $100 again? Power and transport costs follow.
A nuclear facility hit, or a blocked shipping lane? Expect instant market shock.

Even the talk of de-escalation , like today’s ceasefire murmurs, is enough to lower prices temporarily — showing just how fragile the market currently is.

�� Final Thoughts: This Isn’t About Fear — It’s About Timing

Right now, we’re in a window where prices have cooled slightly. But geopolitical risk hasn’t gone away — and forward contracts still reflect concern .

If you're within 6–12 months of renewal, now is the time to review.
If you’re further out, now is the time to stay informed.

Either way, ignoring it altogether could cost you later .

✅ Let’s Help You Take the Guesswork Out of It

We work with 28+ UK suppliers and track the market daily — so you don’t have to.

�� Get a no-obligation quote
�� Sign up to daily, weekly, monthly or quarterly updates
�� Or contact us directly if you want to talk through your contract options

Don’t wait for a crisis. Plan with confidence — today.

Energy Market Update: 9th - 13th June 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 16 Jun 2025 12:05:08 GMT

⚡ Weekly Energy Market Update: 9th – 13th June 2025

Weekly Energy Market Recap

�� Quick Snapshot

Day-Ahead Gas averaged 84.10 p/therm — up slightly from the previous week.
Day-Ahead Power averaged £73.59/MWh — although this included an anomalous low on 12th June.
Prices surged at open this morning (16/06/2025) following weekend strikes in Iran that hit LNG infrastructure, sending risk premiums higher.

A volatile week for energy markets — from midweek dips to a sharp surge by Friday. Gas and power climbed on nuclear concerns in France and rising Middle East tensions, with prices opening even higher this morning after weekend strikes in Iran.

�� Note: An unusually low power price on 12th June (£50.52/MWh) slightly skews this week’s average and doesn’t reflect real contract values.

�� 5-Week Price Trend

⚠️ Note: Power prices for the week ending 13/06/2025 were pulled lower midweek due to an anomalous dip on Tuesday (12th June), when day-ahead dropped to £50.52/MWh.

�� Market Overview

Gas:

It was a mixed but tense week for gas. Prices dipped midweek on healthy wind output and mild weather before rebounding Thursday and Friday on nuclear concerns in France.
The EDF Civaux-2 reactor corrosion issue sparked fears of wider nuclear limitations this summer. While the unit was already offline, traders grew wary of other reactors with the same design being next.

Power:

Power tracked the volatility in gas, with strong solar and wind midweek providing brief relief. But expectations of lower wind generation into the weekend, combined with bullish gas movements, sent contracts higher by Friday.

�� Weekly Prices at a Glance

�� Key Factors This Week

✅ Soft Fundamentals Midweek

Healthy wind and solar reduced demand for gas-for-power early in the week.
Temperatures remained above seasonal norms, reducing heating needs.

⚠️ Bullish Reversal Late Week

French nuclear concerns led to higher power prices and dragged gas up too.
Middle East tensions escalated Friday and over the weekend, adding risk premium.

�� Geopolitical Shock Over the Weekend

Israeli airstrikes hit Iran’s South Pars LNG complex , damaging infrastructure.
South Pars (aka Qatar's “North Field”) is the largest gas field in the world.
As of this morning (16/06), European gas is up ~5% and power up ~10% on the day.

�� What This Means for Your Business

Contract Timeline Suggested Action

0–3 Months

If your renewal is due soon, act fast. Prices have surged on Monday following weekend events.

3–6 Months

Consider locking part of your volume if you’re risk-averse — the market is increasingly reactive.

6+ Months

Monitor the situation closely. This level of geopolitical uncertainty may last — but corrections could also come fast.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 6-Month Energy Market Trends

Gas and power had been trending lower for much of May and early June. However, this trend reversed sharply as of Friday 14th and into Monday 16th June due to:

LNG supply threats via the Strait of Hormuz
Fire damage at South Pars
Ongoing fears around French nuclear capacity
Low wind forecasts this week

�� Here’s how the market has moved:

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Looking Ahead

Expect continued price volatility this week, especially as markets react to further developments in Iran.

Watch out for:
News from the Strait of Hormuz (Qatar LNG export route)
Any French nuclear outage updates
EU Russian gas deal phase-out proposal due this week

If prices continue climbing, we may see suppliers revise fixed-term quotes upwards by end of week .

✅ Final Thoughts

The market was already tense — and this weekend’s events have only intensified things. If you're due for renewal, don’t delay. Many suppliers will factor in global events quickly, and prices can change overnight .

Energy Market Update: 2nd - 6th June 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 09 Jun 2025 08:55:45 GMT

�� Weekly Energy Market Recap

�� Quick Snapshot

Day-Ahead Gas finished at 86.00 p/th ↑ (+1.78% vs previous week)

Day-Ahead Power closed at £70.96/MWh ↑ (+25.50% vs previous week)

Weekly Averages:
• Gas: 83.09 p/th ↓ (from 86.59 p/th)
• Power: £60.03/MWh ↓ (from £62.83/MWh)
⚠️ Skewed lower due to the 3rd June anomaly.

With markets bouncing between soft fundamentals and tighter supply, this week brought a mix of short-term price pressure and longer-term risk signals. While wholesale gas steadied, electricity pricing saw an unusual dip mid-week before correcting — a clear reminder that not all price drops reflect real-world contract value.

�� Note: A major anomaly on 3rd June sent day-ahead electricity prices sharply down to £27.75/MWh. While eye-catching, this was not reflective of wider market movements and has slightly skewed week-on-week averages.

�� 5-Week Price Trend

Note: Power prices in early June were artificially depressed by a one-off drop mid-week — underlying pricing remains closer to the £70–£80/MWh range.

�� Market Overview

�� Gas: Storage Steady, Supplies Tight

Gas held relatively firm this week. Ongoing maintenance in Norway and a slowdown in LNG arrivals have kept supply tight, but muted demand and mild weather have helped balance the market.

�� Power: Anomalous Dip, Then Recovery

Electricity pricing dipped dramatically mid-week — a rare, short-lived anomaly — before climbing back. Fundamentals remain largely unchanged, with reduced renewables and limited imports tightening the near-term picture.

�� Weekly Prices at a Glance

�� Key Factors This Week

⬇ Soft Fundamentals

Below-seasonal UK gas demand & strong wind generation capped upside
Solar output dipped slightly, but short-term demand remained manageable

⬆ Tight Supply

Maintenance at Troll & low LNG send-out pressured the system
UK grid consistently long, but Langeled flows dropped sharply

�� Geopolitical Watch

Russian conflict & US-China trade uncertainty back in headlines
Tariff policy discussions ongoing, with possible impact on oil and gas flows

�� What This Means for Your Business

�� Contracts Ending Soon (0–3 Months)

Lower power prices mid-week offered opportunity — but were not reflective of actual quotes. Always benchmark with real contract offers.

⏳ Contracts Ending Mid-Term (3–6 Months)

Longer-dated pricing holding steady. Gas contracts remain above 80 p/th; electricity quotes largely in the £70–£80/MWh range.

�� Long-Term Renewals (6–24 Months)

Winter-25 and beyond continues to show pricing risk. Fixing early still recommended if budgets require certainty.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 6-Month Energy Market Trends

Gas continues to hover in the 80s, while power prices saw a temporary distortion this week.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Looking Ahead

Maintenance expected to persist across June, keeping supply constrained
Wind forecast improves after next week — could ease pressure on power
Watch for demand upticks with warmer weather or geopolitical shocks

�� Final Thoughts

Despite last week's pricing dip, the overall market remains stable — but sensitive to supply disruptions. Now’s a great time to explore your options and see where you stand.

Energy Market Update: 27th - 30th May 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 02 Jun 2025 09:24:26 GMT

�� Weekly Energy Market Recap

�� Quick Snapshot

Day-Ahead Gas: 86.59 p/therm (�� -1.01% from last week)
Day-Ahead Power: £62.83/MWh (�� -26.82% from last week)

Today’s Open (03/06): Gas: 79.15 p/th | Power: £70.57/MWh

Forward Pricing: Largely unchanged
Notable Shift: Power saw its sharpest weekly drop in 12+ months

With a shorter trading week due to the late May Bank Holiday, wholesale energy markets saw some sharp daily movements — especially in electricity — but forward prices stayed relatively steady, suggesting retail contract rates may not yet reflect the full drop.

�� 5-Week Price Trend

�� Gas prices remain in a stable range. Power dropped sharply this week after strong renewable output and low demand.

�� Market Overview

�� A Quiet Week for Gas

Prices fell back under 85 p/th by Friday, helped by warmer weather and higher Norwegian flows midweek.

�� Power Under Pressure

Electricity averaged just £62.83/MWh — the lowest since spring 2023 — driven by strong wind generation and low weekday demand.

�� Weekly Prices at a Glance

⚠️ Electricity saw a sharp drop this week – one of the steepest falls in recent months. Gas held steady, finishing slightly higher.

�� Key Factors This Week

�� Soft Fundamentals

High wind output slashed power prices midweek
Warmer weather and easing maintenance helped soften gas demand
EU gas storage at ~47% — still well below 5-year average

�� Geopolitical Headlines

Trump delayed 50% EU tariffs until July, reducing trade pressure
Peace talks stalled as Trump–Putin deadlines passed with little progress
U.S. weighing further Russian sanctions , but no fresh action taken yet

�� What This Means for Your Business

�� Contracts Ending Soon (0–3 Months)

Power prices are at the lowest levels in over a year — now could be a great time to explore quotes.

�� Contracts Ending Mid-Term (3–6 Months)

Gas prices remain steady. Consider reviewing rates now if you're looking to avoid mid-summer volatility.

�� Long-Term Renewals (6+ Months)

Forward rates have stayed flat. If you're not due until Q4 or later, keep monitoring — prices may soften again if storage improves.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 6-Month Energy Market Trends

Gas and power both dropped last week. Power showed a much sharper decline, reflecting milder weather and low demand.

Gas continues to trade in the 85–90 p/th band, showing limited volatility compared to electricity.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Looking Ahead

Norwegian flows expected to fully recover post-maintenance
EU gas storage remains a key watch point — still 10% behind seasonal norms
U.S.–Russia tension remains unresolved, but not driving daily prices right now
Power volatility could return if renewable output dips

�� Final Thoughts

Last week’s drop in power was a surprise — and a clear opportunity for those close to renewal.
If you’re unsure, get a quote or sense-check your current deal.

No pressure — just smart timing.

May 2025 UK Energy Market Trends: Gas, Power, and Oil

tom@smart-energy.uk (Thomas McGlynn) — Mon, 02 Jun 2025 09:00:12 GMT

April brought another wave of price drops across gas, power, and oil – but not without volatility. Here’s what happened and what businesses need to know for May.

✅ At a Glance: What Happened in May?

Gas and power prices continued their downward journey in May, with volatility in the second half triggered by stalled peace talks, shifting weather forecasts, and tariff turmoil.

�� Gas prices fell 4.2% month-on-month
�� Electricity prices fell 4.8% on average
��️ Oil prices dipped, rallied, and ended almost flat

These lower averages offer a window of opportunity — especially for businesses due for renewal before winter demand builds.

�� Interpreting the Chart: May Market Movements

The chart above shows daily wholesale gas (grey) and electricity (blue) price movements throughout May.

Key Patterns:

�� Early Month Uptick : Prices climbed in the first week, driven by cooler weather and Norwegian outages.
�� Mid-May Volatility : Power prices peaked mid-month amid poor wind output and failed peace talks.
�� Late Month Crash : Electricity prices tumbled after wind generation surged and demand fell away.

�� Electricity ended the month at its lowest point since December 2024.

�� Price Comparison Table

�� What Drove the Market?

�� Weather

Early May saw colder-than-normal temperatures.
Late May brought strong wind output and mild temperatures — curbing demand sharply.

�� Supply & Storage

Norwegian gas flows were disrupted early on but recovered late month.
EU gas storage sits at ~47%, still below the 5-year average — keeping some upward pressure in play.

�� Geopolitics & Tariffs

Hopes for a Ukraine-Russia peace deal faded fast.
A 90-day tariff pause between the U.S. and China helped calm oil markets — briefly.
New sanctions and the looming threat of more trade shocks kept traders alert.

�� 12-Month Market View: Are Prices Falling?

Prices peaked over winter and have since cooled.

Summary of the Trend:

⬆️ Summer–Winter 2024: Upward trend driven by storage concerns and geopolitical risk.
⬇️ February–May 2025: Consistent downward pressure as milder weather, stronger renewables, and storage flexibility returned.

⏳ Four months of softening doesn’t guarantee a long-term trend — but it does present an opportunity to lock in while costs are low.

�� What This Means for Contracts

�� Looking Ahead to June

Here’s what we’re watching:

�� Will OPEC+ hike oil output further?
�� Will wind generation remain strong across NWE?
�� Will any real progress emerge in Ukraine peace efforts?
�� Will the U.S. stick to or roll back its latest round of tariffs?

�� Final Thoughts

May offered yet another dip in average energy costs, giving businesses more breathing room. But volatility remains close to the surface — and we’ve seen how fast prices can turn.

�� Prices are lower — but risks still loom.
�� If you’re due for renewal within 3 months, now is a smart time to act.

�� Ready to Review Your Options?

�� Avoid the rush. Fix before summer volatility returns.

Tomato Energy Under Investigation: What It Means for Business Customers

tom@smart-energy.uk (Thomas McGlynn) — Wed, 28 May 2025 14:46:17 GMT

Your guide to understanding energy supplier risks and what to do if your provider is under scrutiny.

�� Quick Summary

On 10 April 2025, Ofgem issued a Provisional Order against Tomato Energy Limited , a UK-based electricity supplier, due to serious concerns over their operational capabilities, financial health, and failure to report financial risks. This blog unpacks what’s happening, why it matters to energy buyers, and what actions you should consider if you're a Tomato Energy customer.

��️‍♂️ Why Is Ofgem Investigating Tomato Energy?

Ofgem is investigating whether Tomato Energy has breached three critical Standard Licence Conditions (SLCs) :

SLC 4A : Requires suppliers to have internal systems capable of serving customers and complying with regulations.
SLC 4B.1 : Requires suppliers to maintain enough capital and liquidity to meet their financial obligations.
SLC 4B.8 : Requires suppliers to notify Ofgem if they hit financial "trigger points" (e.g. cash shortfalls, contract risks, or worsening liquidity).

Since late 2024, industry stakeholders raised the alarm over Tomato Energy’s failure to pay over £3 million in liabilities , and the company did not report these financial issues to Ofgem as required.

�� The Key Issues Identified

Cashflow problems : Tomato Energy admitted to cashflow challenges but failed to follow through with corrective actions.
Lack of reporting : Despite clear rules, they didn’t notify Ofgem about critical financial risks.
Increased consumer risk : Non-payment by Tomato could result in "mutualised costs" — where other suppliers (and ultimately consumers ) cover the shortfall if the company collapses.

�� What Restrictions Has Ofgem Imposed?

Ofgem’s Provisional Order imposes tough restrictions on Tomato Energy:

Sales ban : No new customer acquisition until compliance is proven.
Ban on non-essential payments : Can’t make payments, loans, or asset transfers unrelated to essential operations.
Independent audit : Must commission and submit a report on their liquidity and capital quality.
Compliance deadlines :
Independent audit report due by 1 May 2025
Liquidity restoration deadline of 8 May 2025

Unless these conditions are met, Tomato risks losing its supply licence.

�� Got Questions About Your Supplier or Contract?

Energy compliance issues can be confusing — whether you're with Tomato Energy or simply want peace of mind about your current deal, we're here to help .

✅ Get clear, jargon-free advice.
✅ Know your rights and next steps.
✅ Check what options are open to your business.

�� What Is 'Mutualisation' — and Why Should You Care?

 Mutualisation is when the cost of a failed supplier’s unpaid industry debts is passed onto remaining suppliers, who often pass this cost onto customers. In essence, we all pay when one supplier mismanages finances.

�� What Should Business Customers Do Now?

If you're a business currently with Tomato Energy , or considering a new supplier, here’s our advice:

Check your current supplier status — Are you with Tomato Energy or a similarly small supplier? Contact us if unsure.
Review contract flexibility — Understand if you're locked in or eligible to switch.
Act early — If there’s any hint of instability, it’s better to move before formal license revocation or collapse.
Get a fresh quote — Even if you're in contract, we can prepare quotes so you're ready to act.

�� Risk Management Tips for Choosing a Supplier

When reviewing quotes, don’t just look at unit rates. Ask:

How long has the supplier been trading?
Are they backed by a larger parent company?
What’s their credit rating or industry feedback?
Are they financially compliant (SLC 4B)?

Our broker service already screens this for you — we only work with suppliers who meet regulatory and financial standards.

�� Avoid Supplier Risk — Get a Quote with Confidence

Don’t risk being caught out by a financially unstable supplier. We compare deals across 28+ vetted suppliers , ensuring peace of mind for your next contract.

�� Final Thoughts

Tomato Energy’s investigation is a reminder of how critical financial oversight is in the energy sector. As a business owner, staying informed and acting early can save you from disruption, higher prices, or being left without support.

If you're worried about your supplier — we’re here to help.

Energy Market Update: 19th - 23rd May 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 27 May 2025 09:47:18 GMT

�� Weekly Energy Market Recap

⚡ Quick Snapshot

Day-Ahead Gas: Up from 79.36 p/therm to 85.72 p/therm

Day-Ahead Power: Rose from £77.63 to £85.89/MWh

Both markets reached new 6-week highs , led by lower Norwegian flows and geopolitical risks

Gas and power prices climbed again last week, rising for a second week in a row as Norwegian maintenance continued and political uncertainty lingered. Here's what moved the market and what it means for your next contract.

�� 5-Week Price Trend

�� Prices are now firmly back on an upward trajectory after a brief drop mid-May.

�� Market Overview

�� Rangebound to Rising

Markets opened quietly but surged midweek as Norwegian gas flows dipped sharply and peace talks between Russia and Ukraine fell flat.

�� Political Influence

A phone call between Trump and Putin failed to yield progress, while U.S. senators proposed new penalties on Russian trade. Sentiment remains sensitive to headlines.

�� Weather & Storage

Slightly cooler temperatures and strong gas storage targets in the EU (~45%) added to bullish pressure.

�� Weekly Prices at a Glance

�� Key Factors This Week

�� Soft Fundamentals

�� Norwegian gas flows hit a low due to Kollsnes maintenance
��️ Weather cooled midweek, raising gas-for-heating demand
�� EU storage hit 45%, still behind seasonal average

�� Geopolitical & Trade Headlines

�� Failed Russia–Ukraine peace talks dragged on
�� Trump–Putin call offered no breakthrough
�� New U.S. legislation proposed trade penalties on countries buying Russian energy
�� LNG demand in Asia picked up, raising competition for supply

�� What This Means for Your Business

�� Contracts Ending Soon (0–3 Months)

Now is a sensible time to fix. The market has been climbing and recent dips are being erased. Locking in now could protect you from any further short-term spikes.

�� Contracts Ending Mid-Term (3–6 Months)

Request a quote and set a trigger point. You may want to wait — but prices are rising, and a dual quote (for now vs. later) can help you make a clear choice.

�� Long-Term Renewals (6+ Months)

No rush, but monitor closely. If we see another Norwegian outage, or if peace talks fall apart, prices could creep up. Set price alerts and review quarterly.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 6-Month Energy Market Trends

Gas and power prices bounced sharply after weeks of sideways movement.
We’re now seeing prices at their highest since late March.

�� Gas is nearing 90 p/therm again , a level last seen in mid-Q1.
�� Power is back near £90/MWh , driven by supply fears and tightness in LNG and renewables.

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Looking Ahead

�� Norwegian flows expected to return to normal — could ease pressure
�� Cooler weather across Northern Europe may increase short-term demand
�� All eyes remain on whether any progress will be made on Russia–Ukraine peace
�� New U.S. sanctions could spark more volatility depending on timing

�� Final Thoughts

The market continues to react more to politics than physical shortages.
But prices are clearly rising, and the risk of doing nothing is growing.

If you’ve got a renewal due before summer — now is a good time to review it.

Energy Market Update: 12th - 16th May 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 19 May 2025 08:41:12 GMT

�� Weekly Energy Market Recap

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 79.36 p/therm
(Down 3.63% from last week’s 82.14 p/therm)

⚡ Average Electric (Day-Ahead): £77.63/MWh
(Down 7.48% from last week’s £83.91/MWh)

��️ Brent Crude: Ended the week at $64.53/bbl
(Down ~3.7% as optimism around global trade talks cooled off)

�� Prices drifted lower as peace talks lost momentum, demand remained soft, and renewables held firm.

After a week of early optimism and midweek retracement, gas and power prices closed lower overall. Below is your full market recap, including this week’s new 5-week trend view to help you spot the direction of travel more clearly.

�� 5-Week Price Trend

�� Gas has eased from early-May highs. Power dipped sharply this week, following more stable generation conditions.

�� Market Overview

➤ Early Gains, But No Follow-Through

Gas and power prices ticked up early in the week on U.S.–China tariff relief and speculation around potential ceasefire negotiations in Turkey.

➤ Sentiment Shift Midweek

By Thursday, reality kicked in: Putin wasn’t attending talks, solar output surged, and demand stayed muted. Prices quickly corrected, and the week closed weaker overall.

➤ Volatility Without Direction

The market remains rangebound , trading up and down on headlines, but without a strong trend. This makes short-term timing trickier — but helps highlight good entry points when prices settle.

�� Weekly Prices at a Glance

Note: This marks the biggest weekly rise since early March, driven by both fundamental and political uncertainty.

�� Key Factors This Week

⚖️ Soft Fundamentals

Milder weather and strong solar output limited gas-for-power demand.
Wind picked up by the end of the week, easing pressure on the grid.

�� Geopolitical & Trade Headlines

Temporary U.S.–China tariff pauses boosted markets early on.
Peace talks in Turkey lost momentum as key leaders dropped out — cooling sentiment by week’s end.

�� Russian Energy Outlook

News around Nord Stream 2 debt restructuring suggests the project isn't completely written off — but EU plans to unwind Russian contracts remain unchanged.

�� Implications for Your Business

�� Contracts Ending Soon (0–3 Months)

Prices have pulled back from recent highs. If you didn’t fix earlier this month, now could still be a good window — especially with the market showing signs of hesitation.

⏳ Medium-Term (3–6 Months)

Plenty of price risk remains heading into summer. Global headlines could quickly drive volatility again. Locking in while the market is quiet may prove beneficial.

��️ Long-Term (6+ Months)

Still time to monitor, but price ranges are narrowing. If you’re planning ahead for Q4 or early 2026, it's worth reviewing options while things are relatively steady.

�� Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

�� 12-Month Energy Market Trends

Gas: Still well below winter peaks, now fluctuating between 76–83 p/therm.
Power: Also off highs, but more reactive to renewables and short-term supply swings.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

While this week lacked a clear price direction, the market’s relatively calm compared to earlier this year.
That makes now a good time to plan ahead — and possibly fix if your contract is due in the next few months.

How to Complain to Your Energy Supplier (UK Business Guide)

tom@smart-energy.uk (Thomas McGlynn) — Fri, 16 May 2025 14:42:03 GMT

Your Rights When Dealing With a Business Energy Supplier

Quick Summary

If your business is facing incorrect bills, blocked supplier switches, or unresponsive customer service, it’s important to raise a formal complaint and—if needed—escalate it to the Energy Ombudsman. This guide covers how to do that step-by-step, what timelines to expect, and what rights you have under the Ofgem complaint process for non-domestic customers.

�� 1. Why You Might Need to Complain to Your Energy Supplier

Unexpected charges or estimated bills for months on end
Your business energy contract was mis-sold
You can’t switch due to a blocked transfer or ongoing dispute
The supplier is unresponsive or ignoring your complaint

⚡ You have the right to challenge your energy supplier—and get help if needed.

�� 2. How to Raise a Business Energy Complaint – Step by Step

Step 1: Gather All the Key Evidence

Make sure you’ve got:

Copies of energy bills, meter readings, and contract documents
Emails, call logs, and any photos of meters or letters
Dates of contact and promised responses

Step 2: Complain in Writing

Use email or the supplier’s online form to raise your complaint officially. Include:

Business name, site address, account number
Meter serials or MPAN/MPRN
Clear description of the issue and what resolution you want

✅ Tip : Use a subject like “Formal Complaint – MPAN 123456789” to keep it clear.

If you want help in how to word your complaint, click on our live chat button and we will happily guide you through the process further.

Step 3: Log Every Communication

We recommend to create a new folder on your computer, so you can log all correspondence in there for reference. If you have to have a 'Live Chat' with your supplier, ensure that you keep a copy of the chat transcripts!

Keep a timeline of emails, responses, and call notes. This becomes critical if you need to escalate

�� Want an impartial review of your energy dispute?

Our team supports businesses—not suppliers.

We’ll review your case and advise you on the best next step.

⏱ 3. What’s the Energy Supplier Complaint Timeline?

�� 4. What Is a Deadlock Letter – And Why It Matters

If your supplier can’t resolve the complaint, they should issue a deadlock letter .
You don’t have to wait for it: after 8 weeks you can go straight to the Energy Ombudsman.

�� 5. Taking Your Complaint to the Energy Ombudsman

You can escalate via: www.energyombudsman.org

You’ll need:

Your timeline of events
Emails and evidence
Any deadlock letter (if issued)

�� Most business complaints are resolved within 6–8 weeks of escalation.

�� 6. What Happens If the Supplier Ignores You?

You can still go to the Ombudsman after 8 weeks of no reply
If the supplier misbilled you, blocked a switch, or failed in duty, they may be ordered to apologise, correct the bill, or pay compensation

❓ FAQ – Business Energy Complaints

�� Final Thoughts

Raising a formal complaint doesn’t need to be complicated—but it does need to be done right. If your supplier is dragging their feet, misbilling you, or making switching difficult, don’t wait until it becomes a bigger issue.

Let Us Help You Resolve It

��‍�� We work for you—not the supplier.

Whether it’s a billing dispute, blocked transfer, or compensation claim, we help UK businesses resolve energy complaints fairly.

Energy Market Update: 6th - 9th May 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 12 May 2025 09:48:19 GMT

�� Weekly Energy Market Recap

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 82.14 p/therm
(Up 7.53% from last week’s 76.39 p/therm)

⚡ Average Electric (Day-Ahead): £83.91/MWh
(Up 8.03% from last week’s £77.68/MWh)

��️ Brent Crude: Ended the week at $62.84/bbl
(Lifted by trade deal optimism and rising demand signals)

�� Prices rebounded across the board, fuelled by geopolitical developments, lingering supply uncertainty, and ongoing trade war headlines.

After a quiet start due to the Bank Holiday, energy markets picked up sharply midweek. Below is your round-up of what moved gas and power prices last week — and what that might mean for your next fixed energy contract.

�� Market Overview

➤ Strong Midweek Rally

After a flat Tuesday, wholesale gas and power prices jumped sharply midweek — gas hit 83.50 p/th and power reached £85.87/MWh by Thursday.

➤ EU’s Russian Gas Ban Plan

The EU announced plans to phase out all Russian gas by 2027 and ban new contracts from 2025. Traders responded quickly, despite little short-term impact on 2025 prices.

➤ Talk of Peace, But Not Yet

Ceasefire chatter and U.S.–China trade negotiations added to market movement. Despite little actual progress, hopes for de-escalation buoyed sentiment late in the week.

�� Weekly Prices at a Glance

Note: This marks the biggest weekly rise since early March, driven by both fundamental and political uncertainty.

�� Key Factors This Week

�� Russian Gas Phase-Out

The EU’s formal proposal to ban new Russian gas contracts (by 2025) and wind down existing ones by 2027 caught market attention, adding upward pressure to near-term sentiment.

�� Trade Talk Optimism

U.S.–China discussions signalled possible easing of trade barriers, helping lift energy prices mid-to-late week. That said, Beijing’s messaging remains mixed.

��️ Infrastructure & Supply

Norwegian gas flows are improving, but capacity constraints at Kollsnes remain.

Wind generation stayed below seasonal norms, increasing gas-for-power usage.

�� Implications for Your Business

�� Contracts Ending Soon (0–3 Months)

Last week’s bounce suggests we may have passed the recent price floor. If you’ve been holding off, this could be your signal to consider fixing while rates remain under winter highs.

⏳ Medium-Term (3–6 Months)

Plenty of risk ahead — with policy uncertainty and EU supply changes looming. Locking in now could provide budget certainty through summer.

��️ Long-Term (6+ Months)

Keep watching. If global negotiations break down, volatility could return. A fixed contract gives you price protection in an otherwise unpredictable market.

��️ Oil Market Brief

Brent crude climbed to $62.84/bbl on Friday after a volatile start to the week.

Key Drivers:

U.S.–China trade talks show promise — both sides met in Switzerland.
OPEC+ remains on track to increase output, but cuts could return if prices fall further.
U.S. GDP slipped last quarter, sparking mild recession fears and mixed messages for oil demand.

�� 12-Month Energy Market Trends

Gas and electricity prices have now bounced off recent lows, with midweek peaks approaching mid-April levels.

�� Gas remains well below winter highs but climbed ~7% week-on-week.
�� Power rose almost 8%, following gas and supported by low wind and higher weekday demand.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

This week reminded us how quickly markets can turn. Just one EU policy shift or diplomatic headline can move gas and power by 5–10% in a few days. If you’ve been on the fence, now might be a smart time to secure pricing and take the guesswork out of what’s next.

Energy Market Update: 28th April - 02nd May 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 06 May 2025 09:37:36 GMT

�� Weekly Energy Market Recap

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 76.39 p/therm
(Down -9.13% from last week’s 84.07 p/therm)

⚡ Average Electric (Day-Ahead): £77.68/MWh
(Down -9.94% from last week’s £86.25/MWh)

��️ Brent Crude: Settled around $62/bbl
(Down from ~$66/bbl last week as demand concerns and U.S.–China tensions continued)

�� Another week of declines, as weaker demand forecasts, warm weather, and muted OPEC+ signals shaped markets. Energy prices hit their lowest levels in months.

With the Bank Holiday cutting the week short, here’s a straightforward round-up of how wholesale gas and power prices moved last week, why they shifted, and what that might mean for businesses thinking about a fixed-price contract.

�� Market Overview

➤ Post-Holiday Slide

Gas and electricity prices dipped on Tuesday and Wednesday, following on from a quiet Bank Holiday Monday.

Traders reacted to economic concerns, weak demand, and slow progress on global trade talks.

➤ Storage & Supply

EU storage rose again last week and now sits around 39% full.
Mild temperatures and ample LNG availability have kept fundamentals relaxed.

➤ Volatility Without Follow-Through

Prices showed sharp within-day swings, especially midweek — but consistently settled flat to lower as traders held back from making bold moves.

�� Weekly Prices at a Glance

Note : Strong storage levels, muted LNG demand from Asia, and economic headwinds continue to soften pricing.

�� Key Factors This Week

�� Trade Tensions & Recession Fears

Markets remain sensitive to White House headlines, with traders reacting sharply to the lack of clarity on U.S.–China negotiations.

�� Storage Progress

Above-average injections helped stabilise the market.
European stocks continue to fill steadily, reducing panic around injection season risks.

��️ Weather Conditions

Mild temperatures and improved solar generation have eased gas-for-power demand.
Wind output was variable, with some short-term uplift late in the week.

�� Implications for Your Business

�� Contracts Ending Soon (0–3 Months)

Prices have dropped to the lowest levels seen in months — this could be a smart time to fix and remove uncertainty.

⏳ Medium-Term (3–6 Months)

With prices falling and fundamentals stable, there may still be room to fix lower, but monitor the geopolitical headlines closely.

��️ Long-Term (6+ Months)

Now is a good time to review your options, especially if your contract ends later in 2025. Fixing early could help you avoid future spikes.

��️ Oil Market Brief

Brent crude had a rough week, falling to ~$62/bbl amid economic concerns and signs of global demand slowdown.

Key Drivers:

Tariff Worries : U.S.–China trade stalemate continued, weighing on sentiment.
OPEC+ Uncertainty : Output hikes remain likely, but not yet confirmed.
Iran Sanctions : Fresh sanctions briefly lifted prices, but not enough to reverse the week’s broader losses.

�� 12-Month Energy Market Trends

Gas and power remain well below winter highs. While the chart still reflects sharp spikes from earlier in the year, current trends suggest a more stable outlook — for now.

�� Gas is now at its lowest level since late October 2023
�� Electricity has also eased back to levels last seen in early autumn

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

A week of cooling prices gives businesses a moment to breathe.
If your contract is due for renewal soon, now could be a smart time to act.

Volatility hasn’t gone away — but for now, pricing is calmer, and opportunity exists for those who move early.

April 2025 UK Energy Market Trends: Gas, Power, and Oil

tom@smart-energy.uk (Thomas McGlynn) — Thu, 01 May 2025 10:18:49 GMT

April brought another wave of price drops across gas, power, and oil – but not without volatility. Here’s what happened and what businesses need to know for May.

✅ At a Glance: What Happened in April?

April saw energy prices drop again , with both gas and electricity continuing their downward trend for a second straight month. The month was marked by global trade tensions, tariff surprises, and generally mild weather that kept demand in check.

�� Gas prices fell ~12% from March
�� Power prices fell ~10% month-on-month
⚖️ Oil prices fluctuated sharply, ending the month lower

��️ After a volatile first half of the month, markets calmed slightly—but continued economic worries and geopolitical uncertainty left traders on edge.

�� Monthly Price Trends (with Chart)

This chart shows how gas (grey line) and electricity (blue line) prices moved throughout April:

Key Takeaways:

�� Early April Drop – Prices tumbled due to trade war escalation and mild weather.
�� Mid-April Volatility – Conflicting tariff announcements caused large daily swings.
�� Late April Decline – Markets softened again as storage levels improved and demand stayed low.

✔️ The overall direction remained downward, with both commodities breaking key psychological support levels (gas under 80p/th, power under £80/MWh).

�� Average Prices vs. March

�� What Moved the Market?

�� Global Trade Tensions

The U.S.–China trade war escalated dramatically this month, triggering new tariffs and fears of a global recession. Markets reacted with:

�� Sharp price drops after China retaliated on 7 April
�� Temporary rallies on rumours of tariff pauses (later denied)

�� Mild Weather & Rising Renewables

Consistently above-average temperatures kept heating demand low.
Wind generation surged mid-month, easing pressure on gas-for-power demand.
Storage injections began early and steadily, supporting lower prices.

�� Oil Market Swings

Oil saw its biggest one-month drop in years before rebounding late in the month.
Key drivers:

��️ OPEC+ output announcements
�� U.S.–Iran sanctions
�� Global economic uncertainty

�� 12-Month Market View: Are Prices Falling?

�� Graph: Last 12 Months – Gas & Power Prices

Energy prices peaked around the turn of the year but have since trended steadily downward . April marked the second month of consistent declines for both gas and electricity.

�� Late 2024 to Jan 2025: Prices surged amid winter demand and global tensions
�� Since Feb 2025: Clear downward trend – encouraging for businesses

This could represent a key buying window before summer volatility returns.

�� What This Means for Contracts

�� What to Watch in May

Ongoing tariff tensions – Will trade talks resume or escalate?
Storage levels – EU is ahead of schedule, but Asia may compete for LNG by summer.
Middle East developments – Iran and U.S. negotiations continue.
OPEC+ supply decisions – Further output increases may weigh on oil.

�� Final Takeaway

April delivered another round of price drops – good news for UK businesses reviewing energy contracts. But while the overall trend is down, uncertainty is still high.

�� Prices are low, but the market is nervous.
�� May could be a great time to lock in contracts before demand returns.

�� Need help making the most of the current prices?

�� Request a fixed quote now
�� Subscribe for alerts and expert insights

Need Tailored Advice for Your Business?

Contact us today at 0151 459 3388 or request your free energy quote and stabilise your energy costs. At Smart Energy Company, we specialise in finding the best utility contracts for your business, ensuring you never miss a renewal and always get the best deals.

Energy Market Update: 22nd - 25th April 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 28 Apr 2025 08:58:54 GMT

Weekly Energy Market Recap

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 84.07 p/therm
(Up 0.16 % from 83.94 p/therm the previous week)

⚡ Average Electricity (Day-Ahead): £86.25/MWh
(Up 9.96 % from £78.44/MWh the previous week)

��️ Brent Crude: Traded around $66 bbl , swinging on fresh Iran sanctions news and mixed OPEC+ signals.

Snapshot takeaway: Gas was broadly flat, but power jumped nearly 10 % as wind output dipped early in the week and demand ticked up after the long weekend.

With Easter Monday behind us, trading resumed on Tuesday. Below is a straightforward recap of how wholesale gas, power and oil prices moved last week, why they moved, and what that might mean when you’re thinking about a fully-fixed contract.

⚡ Market Overview

Post-Easter Catch-Up

Tuesday: Markets reopened to firmer prices on cooler forecasts and lower renewables over the holiday.
Mid-week: Sentiment flipped as recession worries and strong storage injections pulled both NBP and TTF lower.
Thursday: Gas slid again when U.S.–China talks showed no breakthrough, and Europe remained comfortably supplied.

Storage & Supply

EU injections out-paced the five-year average (≈ 1.6 bcm last week).
The Commission ditched an outright Russian-LNG ban and will publish a broader 2027 “energy-exit” roadmap in May.

Volatility Without Direction

Intraday swings of 2–3 % were common: traders are still headline-driven and reluctant to set long-term positions while tariff policy changes daily.

�� Weekly Prices at a Glance

Power’s gain reflects early-week renewable dips and a modest demand pick-up after the Easter break, whereas gas barely moved week-on-week.

�� Key Factors This Week

Tariff Uncertainty – Conflicting White House comments on easing China duties kept markets jumpy.
Storage Pace – Strong injections reassured traders Europe can reach 80 – 90 % stock before winter, capping upside.
Renewables Pattern – Low wind early in the week lifted power prices; output recovered by Thursday, easing the rise.

�� Implications for Your Business

Contracts Ending Soon (0–3 Months)

Gas is steady, but power is higher. If electricity is a big share of your bill, consider locking in now to avoid further spikes—especially with tariff news still volatile.

Medium-Term (3–6 Months)

Keep an eye on EU storage progress and May’s energy-roadmap details. Any supply hiccup or hotter summer forecast could move prices quickly.

Long-Term (6+ Months)

Watch global growth signals. A sharper downturn could soften prices, but LNG competition with Asia in Q3 may tighten things later in the year. Setting price alerts still makes sense.

��️ Oil Market Brief

Brent bounced between $65 and $67/bbl:
Up on fresh U.S. sanctions targeting Iran’s exports.
Down when OPEC+ floated faster output hikes and recession talk resurfaced.
OPEC and the IEA both trimmed 2025 demand estimates.

While oil doesn’t set UK gas or power outright, its swings reflect underlying economic sentiment—and that mood remains unsettled.

�� 12-Month Energy Market Trends

Gas and power remain well below winter highs, but the chart still shows sharp spikes on tariff or supply headlines. Expect choppy sessions until trade policy stabilises.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

Last week showed that prices can pivot on a single headline. Gas stayed level; power leapt. If you’d rather not ride the next round of volatility, a fully-fixed contract now could give welcome peace of mind.

Zonal Energy Pricing in the UK: What It Means for Your Business

tom@smart-energy.uk (Thomas McGlynn) — Thu, 24 Apr 2025 11:01:04 GMT

�� What Is Zonal Energy Pricing?

The UK is considering a major shift in how energy is priced — moving away from a flat national rate to something called zonal pricing.

In simple terms? Your location could soon influence how much your business pays for electricity.

If you’re in an area rich in renewable energy (like Scotland or the North West), you could benefit from cheaper rates . But if your postcode falls in a high-demand, congested region (like the South East or London), you may be facing higher costs when this reform kicks in.

�� When Is It Happening?

The UK government is still reviewing feedback from its latest consultation (as part of the REMA — Review of Electricity Market Arrangements ). No final decision has been made, but a go/no-go announcement is expected by mid-2025.

✅ Good to know: Any changes would likely be phased in over several years, giving time to adapt.

⚡ Why It Matters to You

Right now, electricity is priced the same across the country. But that model doesn’t reflect reality.

Wind farms in Scotland are paid to turn off when the grid can’t take the power.
Businesses in London pay the same rate — even though they’re hundreds of miles from the cheapest power sources.

Zonal pricing aims to fix this — by making electricity cheaper where it's more abundant, and more expensive where it’s in short supply.

�� Is Your Area Likely to Save or Pay More?

We’ve built a tool to help you find out.

Enter your postcode below and we’ll tell you which zonal region you're likely in. Then check the table underneath to see whether that zone is expected to save or cost more under future market reforms.

�� Try it now — it only takes a second:

⚠️ What Are the Risks?

Critics have called this a potential postcode lottery — suggesting it may penalise businesses based on location rather than efficiency.

Others warn it could:

Introduce pricing uncertainty
Deter renewable investment if not carefully implemented
Increase bills in the short term due to infrastructure limitations

�� Our View: Transparency and proactive planning can turn risk into opportunity. We help clients make sense of energy policy — without the jargon.

✅ What You Can Do Now

Here’s how your business can stay ahead of zonal pricing:

Know your zone — postcode tool above ��
Review your contract — especially if renewal is within 12 months
Consider fixing now — some zones could see sharp cost jumps later
Talk to us — we’ll walk you through your options and help you stay in control

�� Final Thoughts: Be Informed. Be Ready.

Zonal pricing could reshape how UK businesses pay for power — but change doesn’t have to mean confusion. At Smart Energy Company , we help clients make confident decisions in a changing market.

Whether you’re looking to fix your costs, switch suppliers, or just stay informed — we’re here to help.

Opus Energy Customers Transferring to Pozitive Energy: What You Need to Know

tom@smart-energy.uk (Thomas McGlynn) — Tue, 22 Apr 2025 14:10:01 GMT

Opus Energy has confirmed that it will no longer be supplying energy from 1 May 2025 . All remaining customer contracts will be automatically transferred to Pozitive Energy (PE) — and if you’re affected, it’s important to know what that means for your account, your rates, and your next steps.

As a consultancy that already works closely with Pozitive, we’re ideally placed to support your business during this transition — whether you stay, switch, or want help navigating the handover.

�� What’s Happening?

Opus Energy has confirmed it is completing its market exit and will no longer be supplying energy. In a recent customer update, they shared that:

“We’ve signed an agreement to sell all of our remaining customer portfolio to PE [Pozitive Energy]. The transfer of your contract(s) is expected to take effect on or shortly after 1 May 2025 .”

This follows Opus’s earlier:

Now, they are formally exiting the energy market , handing over all remaining customers to Pozitive Energy — a supplier we already work with and know well.

�� Important Dates

We’re already supporting businesses affected by this switch.

Whether you want to stay on your current deal, compare options, or need help with change of tenancy (COT), let us manage the process for you — quickly, clearly, and with no call centre queues.

�� Submit a Final Meter Reading

To avoid billing surprises or disputes, send a final meter reading to Opus before 1 May .

You can do this:

Via your My Opus Energy account (under "Energy Usage")
Or by texting “Start” to 07723494043 and following the prompts

But you don’t need to navigate this alone — if you're unsure, just contact us and we'll guide you through it.

Once the switch happens, you’ll get a Welcome Pack from Pozitive Energy confirming your new billing arrangements. But for any billing queries, payment changes, or account updates — come to us first . We can liaise with PE on your behalf.

Frequently Asked Questions

�� Who Are Pozitive Energy?

Pozitive Energy (PE) is a UK-based energy supplier focused on serving commercial clients. They’ve now confirmed that they’ll be taking over all Opus business accounts and will be issuing a Welcome Pack to each customer shortly after the transition.

This pack will explain:

Your new billing schedule
How to access and manage your account
When your payments will be collected

As a consultancy, we already work directly with Pozitive Energy , so we’re in a strong position to help you make sense of your new setup — or help you compare alternatives.

�� Should You Stay with Pozitive Energy?

While your contract is transferring automatically, that doesn’t mean you’re stuck. Many businesses take this opportunity to reassess their deal and lock in better rates elsewhere — especially if you’re coming off a fixed-term Opus contract.

We can:

Review your current position
Benchmark Pozitive’s renewal offer
Source quotes from over 28 trusted UK suppliers

�� Don't wait for the Welcome Pack. Request a quote today and take control of your energy costs.

✅ Summary: What to Do Now

�� Submit your final meter reading
�� Contact us for support
�� Review your current deal and future options
�� Let us manage any COTs, queries, or billing issues

We’re here to support you throughout the transition. Whether you’re looking to stick with Pozitive , switch to a new supplier , or simply understand what’s changing, our team can guide you.

Energy Market Update: 14th - 17th April 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 22 Apr 2025 09:57:27 GMT

Weekly Energy Market Recap

✨ Quick Snapshot

�� Average Gas (Day‑Ahead): 83.94 p/therm
Down 1.99 % from last week’s 85.64 p/therm

⚡ Average Electricity (Day‑Ahead): £78.44/MWh
Down 7.43 % from last week’s £84.74/MWh

��️ Brent Crude: Traded around $65 → $66/bbl , buoyed mid‑week by fresh US sanctions on Iran but still shadowed by recession worries.

Take‑away: Gas nudged to a new six‑month low while power slumped sharply on Wednesday’s wind surge. Trade‑war headlines continue to whip prices around day‑to‑day.

Because UK and European exchanges were closed on Good Friday (18 April), this report covers Monday–Thursday. Below you’ll find a clear round‑up of wholesale gas, power and oil prices, why they moved, and what they could mean for your next fully‑fixed contract.

⚡ Market Overview

Tariff Turbulence Eases—Then Returns

Markets opened the week on edge after China’s latest retaliatory tariffs.
A brief lift came when US electronics imports were exempted, but optimism faded once more tariffs surfaced.

Weather & Renewables Help Push Prices Lower

Mild temperatures plus a jump in wind output (from ~2 GW to 17 GW in 24 hours) trimmed gas‑for‑power demand.
EU talk of relaxing gas‑storage targets added further downward pressure.

Pre‑Easter Position‑Tidying

Ahead of the long Easter break, traders closed short‑term positions and some speculative buying nudged prices up on Thursday—but the weekly average still finished lower.

�� Weekly Prices at a Glance

Power’s sharp mid‑week drop was driven by a surge in cheap wind generation.

�� Key Factors This Week

Trade‑War Headlines
New US tariffs and China’s responses moved prices almost hourly.
Electronics exemptions gave a brief lift; later tariff rumours reversed gains.

Wind Surge & Mild Weather
A 750 % jump in UK wind output slashed short‑term gas demand for power.
Forecasts show above‑average temperatures into May, easing late‑season heating needs.

Speculative Activity before Easter
Some traders bought the dip late Thursday, keen to lock in positions before the three‑day exchange closure.

�� Implications for Your Business

Contracts Ending Soon (0–3 Months)

Gas is flirting with multi‑month lows: a sensible time to fully fix and lock in certainty before more tariff twists.

Medium-Term (3–6 Months)

Keep watching storage policy news and trade talks. A breakthrough deal could bounce prices; prolonged disputes may keep them soft.

Long-Term (6+ Months)

Set price alerts—extended economic slowdown could pull prices lower, but any supply hiccup (e.g., LNG, Norway maintenance) could reverse the trend.

��️ Oil Market Brief

Brent rose to $65.85/bbl mid‑week after new US sanctions aimed at cutting Iran’s exports “to zero”.
Gains stalled as fears of weaker demand under a deepening trade war resurfaced.
Both the IEA and OPEC trimmed demand forecasts for 2025.

Oil’s path is a barometer for global growth sentiment—continued weakness signals caution for broader energy demand.

�� 12-Month Energy Market Trends

Gas and power remain well below winter highs, but the chart still shows sharp spikes whenever political news breaks. Volatility may persist while tariff negotiations drag on.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

This Good Friday week delivered lower average prices—even with a Thursday bounce—as tariff noise and strong renewables kept markets subdued. If you value certainty, fully fixing now while gas is near six‑month lows could be a smart move.

SEFE Energy Out of Contract Rates – Effective April 2025

tom@smart-energy.uk (Thomas McGlynn) — Thu, 17 Apr 2025 12:32:17 GMT

Are You on SEFE’s Out of Contract Rates Without Realising?

If your energy contract with SEFE Energy has expired or been terminated—and no new contract or supplier switch has occurred—you’ll automatically be charged out of contract rates . These are designed as default rates to keep your business supplied, but they’re often more expensive than fixed-term deals.

In this post, we break down:

The new SEFE gas and electricity out-of-contract prices from April 2025
How rates differ for micro and non-microbusinesses
Why you could be paying more than you think

⚠ What’s Included in SEFE’s Out of Contract Charges?

SEFE's out-of-contract pricing includes:

A daily standing charge (covers admin, metering, and distribution)
A unit rate per kWh of energy used
For half-hourly electricity users: a capacity charge (based on kVA)

�� All prices exclude VAT and Climate Change Levy (CCL)
�� Charges are subject to change

�� Gas Out of Contract Rates (Microbusiness Customers)

�� Avoid paying more than you need to

�� Electricity Out of Contract Rates (Micro & Non-Microbusiness)

⚡ LV, HV and EHV Site-Specific Electricity Rates

�� Electricity rates are based on customer type as determined by your DNO
�� For EHV meters , contact SEFE for a full breakdown

�� Microbusiness Definition

To qualify as a microbusiness under SEFE’s criteria, you must meet one of the following:

Use less than 293,071 kWh of gas per year
Use less than 100,000 kWh of electricity per year
Employ fewer than 10 people and have turnover or balance sheet under €2 million

�� Why These Rates Can Be Misleading

At a glance, 6.85p/kWh for gas or 29.41p/kWh for electricity may not look extreme. But here's what they don’t include:

DUoS & TNUoS pass-throughs
Metering & admin charges
Capacity fees (for HH electricity sites)
CCL & VAT

These add-ons mean your actual cost per unit can rise by 20–40% or more .

�� How The Smart Energy Company Can Help

We help businesses: ✅ Exit out-of-contract rates quickly

✅ Compare fixed-term offers from 25+ suppliers
✅ Avoid unnecessary capacity, DUoS or metering overcharges
✅ Take back control of their energy costs

�� Contact us today for a no-obligation quote or full bill review.

Frequently Asked Questions About SEFE Energy's Out of Contract Rates

�� Take Action Today — Avoid High Out of Contract Costs

Don’t let pass-through charges and inflated standing fees hurt your bottom line.

Speak to The Smart Energy Company today for expert advice, a no-obligation quote, or a full review of your current energy contract with SEFE

Call us : 0151 459 3388

Email us : info@smart-energy.uk

Are Market Tracker Energy Contracts Right for Your Business?

tom@smart-energy.uk (Thomas McGlynn) — Wed, 16 Apr 2025 12:50:52 GMT

When 'Flexible' Contracts Lock You In

Not all energy contracts are created equal — and some that seem flexible can lead to unexpected price hikes.

We recently spoke to a business owner who’d signed a four-year energy deal through a broker, only to see their prices increase in year two. This wasn’t due to bad timing or usage — but because they were on a market tracker contract .

These deals only fix your first-year rates. After that? Prices are reviewed annually and can rise even if the wholesale market doesn’t.

Here’s what’s really going on, and why businesses should tread carefully.

The Hidden Risks of Market Tracker Energy Contracts: What Businesses Need to Know

What Is a Market Tracker Energy Contract?

A market tracker deal typically works like this:

Contract length : Fixed for 3–5 years.
Year 1 : Prices are fixed.
Years 2 onward : Rates are reviewed annually based on wholesale market trends and non-commodity charges (NCCs) .
Once reviewed, rates are locked in again — until the next review.

On the surface, it sounds like a balanced approach: you benefit if prices drop, and you avoid being stuck with poor timing. But the devil is in the detail…

Why Tracker Contracts Can Lead to Rising Costs

Let’s break it down.

Even if the wholesale market stays the same or drops slightly, your prices can still rise due to non-commodity costs . These include:

Network charges
Capacity Market costs
Balancing charges
Transmission and distribution costs

�� Key point: NCCs have increased every single year in recent memory. We can’t recall the last time they actually went down.

So even if wholesale energy costs fall, you might still face higher bills — especially if your supplier adds margin on top of those changes.

Who Is a Market Tracker Right For?

Tracker contracts can suit larger businesses with energy managers, or those willing to actively monitor the market and engage in annual reviews. They may:

Understand how wholesale and NCC changes work.
Be happy to accept some price volatility .
Have the bandwidth to negotiate each year or challenge uplift logic.

But for most SMEs and busy business owners, this complexity can be a real risk:

You’re exposed to uncapped cost increases .
It’s hard to budget with rates changing annually.
You may not even realise your rates have changed until the bill lands.

�� Think you might be on a tracker contract?

We’ll review your agreement and show you if you’re overpaying or exposed to future price hikes.

Can You Exit a Tracker Contract?

These contracts are typically term-fixed , meaning you’re locked in for the full 3–4 years.

However, there may be grounds to challenge or exit a deal if:

The product was poorly explained at sign-up.
You were led to believe it was a fixed-rate deal for the full term.
You were not shown what could happen when NCCs increase.

Always check the T&Cs and speak to a professional before assuming you’re stuck. We’ve helped clients review contracts and challenge broker-sold deals when terms weren’t made clear.

Fixed vs Tracker – A Clarity Comparison

�� Even if tracker deals “ track the market ,” they don’t always pass on full savings — but they will pass on increases.

�� Avoid price shocks and unpredictable reviews.

Get a fully fixed quote and take control of your energy costs today.

Final Thoughts: What You Should Ask Before Signing

Before agreeing to any energy contract:

Ask what is fixed and for how long .
Check if NCCs are passed through or included in the rate.
Understand if and when your price will be reviewed or adjusted .

If you're unsure, we can help you review your contract before you commit — or even if you've already signed and have concerns.

Volume Tolerances in Energy Contracts | Jellyfish Example

tom@smart-energy.uk (Thomas McGlynn) — Tue, 15 Apr 2025 15:09:44 GMT

And How One Misstep Could Cost You Hundreds: A Real Example Using Jellyfish Energy

�� Understanding Volume Tolerances Could Save You Money — And Headaches

When businesses sign fixed energy contracts, most are focused on the unit rate and standing charge — but few pay attention to something just as important: volume tolerances.

Go even slightly over your agreed usage, and you could end up paying penalty rates far higher than what you signed up for.

In this blog, we break down:

✅ What volume tolerances are
✅ Why they exist in business energy contracts
✅ The real-world cost of exceeding them
✅ And how Jellyfish Energy structures their contracts, especially for clients with no credit checks

�� What Is a Volume Tolerance in an Energy Contract?

When you agree a business energy deal, your supplier estimates your Annual Quantity (AQ) — how much energy you’ll use over the year. Most contracts then include a Volume Tolerance — a percentage range you’re allowed to go above or below without penalty.

For example:

If your AQ is 50,000 kWh and your volume tolerance is ±10%:

You can use between 45,000 and 55,000 kWh without issue.
If you go outside that range, you’ll pay a penalty on the difference.

This tolerance protects the supplier (who buys energy in advance based on your AQ) — but if you’re not aware of it, it can become a costly surprise.

�� What Are the Volume Tolerances for Your Contract?

�� Let us review your contract and highlight the key risks.

⚠️ What Happens If You Go Over?

In many contracts, going above your tolerance means the excess units are charged not at your contracted rate , but at a higher penalty rate — often tied to the supplier’s deemed rates (the price charged when you have no active contract in place).

Let’s look at a real-world example using Jellyfish Energy.

�� Jellyfish Energy Volume Tolerance Example

We work closely with Jellyfish Energy , and overall they’re a great supplier — responsive team, excellent portal system, and notably, they offer energy contracts without credit checks , which is rare in the market.

But each of their contract types (like Immortal, Gemini , etc.) has its own terms — and volume tolerance rules vary by product.

�� Real Example:

A client agrees a contract at:

23.90p/kWh (electricity)
65p/day standing charge
AQ: 50,000 kWh
Product has 10% volume tolerance
Actual usage: 56,000 kWh

That's 12% over , meaning 1,000 kWh are outside the allowed band.

⚠️ What’s the penalty?

Jellyfish’s deemed rate for Profile Class 01-04 as of 15/04/2025 is:

60.00p/kWh (unit)
250.00p/day (standing charge)

The penalty charge =

1,000 kWh × (60.00p – 23.90p) = 1,000 × 36.10p = £361.00

That’s £361 on top of what they already paid for those same units.

�� Choosing the Right Contract: Why It’s Not Just About Price

We often speak to clients who are tempted by a low rate but unaware of the fine print:

Is there a volume tolerance?
What’s the penalty if I go over?
Are standing charges fixed or subject to change?
What happens if I go under?

These details can dramatically affect your total spend — and it’s why we always advise our clients with a holistic view, not just on price.

What Are Volume Tolerances in Business Energy Contracts?

❤️ Why We Recommend Jellyfish — With the Right Guidance

We continue to work closely with Jellyfish because:

✅ They’re one of the only suppliers offering no credit check contracts
✅ Their systems are fast, transparent, and easy to manage
✅ Their products can suit a wide range of business types — from startups to large SMEs

But: Product selection is key . Get it wrong, and you could face penalties. Get it right, and you’ll benefit from predictable rates, no hidden fees, and easy-to-manage energy.

�� How We Help

At Smart Energy, we don’t just compare prices — we dig deep into:

Volume tolerance policies
Deemed rate risks
Contract clauses that matter
Which products suit variable usage or credit issues
And how to protect your business from avoidable costs

We speak supplier, so you don’t have to.

�� Ready to make sure you're on the right contract?

�� Avoid costly surprises. Let us guide you.

Energy Market Update: 7th - 11th April 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 14 Apr 2025 10:36:02 GMT

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 85.64 p/therm
(Down ~12.77% from last week’s 98.18 p/therm)

⚡ Average Electric (Day-Ahead): £84.74/MWh
(Up ~4.40% from last week’s £81.17/MWh)

��️ Crude Oil: Ended the week near $60/bbl , marking a steep drop driven by global trade tensions and escalating tariffs.

Note: Gas prices plunged to a 6-month low at one point this week, largely influenced by mounting trade war concerns and the possibility of a global recession. Meanwhile, power prices rose slightly on the back of supply adjustments and day-to-day volatility.

Stay up-to-date on the latest wholesale gas, power, and oil price movements. Here’s a concise overview of what happened this week, why it matters, and how it could affect your next energy contract.

⚡ Market Overview

Tariffs Fuel Volatility

China’s Retaliation : Additional tariffs on U.S. goods triggered steep market drops early in the week, hitting energy commodities particularly hard.
NBP & TTF : UK and Dutch gas prices saw swift declines of over 6% at times, followed by intraday rebounds whenever new tariff rumors or clarifications emerged.

Flip-Flop Trading

Markets experienced wide intraday swings (e.g., 7% down then recovering by day’s end).
Incorrect reports about a possible 90-day tariff pause briefly lifted prices, though they later dipped again as the White House dismissed those rumors.

Oil Slides to Multi-Year Lows

Brent crude dropped to around $60/bbl , its lowest in over 3 years, as traders braced for weaker global demand under extended tariff regimes.
A late-week announcement of a 90-day tariff pause led to a short-lived price rise, but sentiment remained shaky.

�� Weekly Prices at a Glance

Note: Gas plummeted more than 12% week-on-week, while power rose around 4%. Fluctuating tariff announcements, a cooler start to the week, and changing supply/demand dynamics contributed to these diverging trends.

�� Key Factors This Week

1. Ongoing Trade War & Tariffs

Energy markets reacted instantly to headlines about new tariffs on imports.
China’s retaliatory measures and additional U.S. tariff hikes stoked fears of a recession, pushing gas lower.

2. Intraday Volatility

Rumors of a tariff pause caused rapid buying sprees, only to be reversed once the White House dismissed them.
Norway’s announced maintenance extensions had minimal impact as tariff news overshadowed supply updates.

3. Shifting Power Prices

Despite falling gas, UK power inched higher on certain days, partly due to variation in wind output and short-term demand shifts.
Overall, daily swings were milder in electricity than in gas, but still noticeable.

�� Implications for Your Business

Contracts Ending Soon (0–3 Months)

With gas at a multi-month low, it may be a prime moment to fully fix your rates. However, keep in mind the market’s tendency to swing on trade headlines.

Medium-Term (3–6 Months)

Monitor events closely. If a major agreement or resolution in trade talks emerges, prices could rebound. On the other hand, prolonged tensions might keep gas prices under pressure.

Long-Term (6+ Months)

If you have flexibility, set price alerts to act quickly on any dips. Prolonged tariff disputes and potential global economic slowdown could influence energy pricing well into next year.

��️ Oil Market Brief

Brent Crude dipped near $60/bbl , the lowest level in over three years, driven by trade war uncertainty.

Key Observations :

China remains the world’s largest oil importer, so heavy tariffs on Chinese goods can weaken demand expectations.
A brief rally followed the 90-day tariff pause announcement, but it quickly faded as massive tariffs remain in place.

While oil doesn’t directly set UK gas or power prices, its slump reflects broader concerns about a global economic slowdown and reduced energy consumption.

�� 12-Month Energy Market Trends

Gas and power prices have come down from winter highs, but remain highly reactive to geopolitical shifts. Intraday volatility is particularly acute when new tariff or trade war updates surface. The coming weeks may reveal whether these tensions persist or if negotiations calm the markets.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

 Escalating tariffs and volatile trading defined this week’s energy landscape. Gas took a sharp tumble, creating a window for businesses looking to lock in budget certainty. Power prices rose modestly, so if you rely heavily on electricity, now is an important time to assess your options.

D-ENERGi Out of Contract Rates – April 2025 Update

tom@smart-energy.uk (Thomas McGlynn) — Thu, 10 Apr 2025 15:20:56 GMT

Are You on D-ENERGi’s Deemed Rates Without Realising?

When your energy contract with D-ENERGi ends and no new agreement is in place—or a switch to another supplier hasn’t occurred—you’ll automatically be moved onto their deemed (out of contract) rates . These are designed to maintain supply, but they come with significantly higher costs than fixed contracts .

In this blog, we’ll highlight:

The latest gas and electricity OOC prices for April 2025
Why staying on deemed rates is risky
What your next steps should be

�� D-ENERGi Deemed Rates – April 2025

⚠ *Gas prices are subject to VAT, CCL, and additional levies.
**If your gas AQ exceeds 732,000 kWh, D-ENERGi may apply a bespoke daily standing charge
. * Electricity standing charges on deemed rates are calculated per site and shown on your invoice.

�� Avoid paying more than you need to

Get your free quote today

⚠ Why Deemed Rates Are Dangerous for Your Business

Out-of-contract or deemed pricing might not seem too bad at first glance, but here’s what you’re not seeing:

✅ No price security — D-ENERGi’s rates change monthly
✅ Higher unit rates than fixed-term deals from the same supplier
✅ No negotiated discounts or protection from market spikes
✅ Additional pass-through costs may also apply to HH customers

�� You could be paying 30–50% more than necessary.

�� How We Help Businesses Like Yours

We’re The Smart Energy Company — a UK-based independent energy consultancy helping businesses:

Exit out-of-contract rates quickly
Compare fixed deals from 28+ suppliers
Secure market-aligned pricing
Get clarity on what they’re currently being charged

✅ What Should You Do Now?

1. Check Your Current Rates
If you’ve received a bill with 50p/kWh for electricity or 13.94p/kWh for gas — you’re likely on D-ENERGi’s deemed rates.

2. Don’t Wait Until They Rise Again
Deemed rates are updated monthly and can increase without warning.

3. Secure a Better Deal
Fixed-term contracts offer pricing certainty and significant savings — often with no disruption to supply.

FAQs About D-ENERGi’s Out of Contract Rates

�� Take Action Today — Avoid High Out of Contract Costs

Don’t let high out-of-contract rates impact your business’s bottom line.

Speak to The Smart Energy Company today for expert advice, a no-obligation quote, or a full review of your current energy contract with D-Energi.

�� Call us: 0151 459 3358
�� Email: info@smart-energy.uk

Understanding the 2025 NCC Spike: Why Standing and Capacity Charges Are Rising

tom@smart-energy.uk (Thomas McGlynn) — Wed, 09 Apr 2025 09:20:00 GMT

⚡️ Why Are Your Standing Charges Rising? What April’s Non-Commodity Hike Really Means for Your Energy Bill

If you've received a new business energy quote recently — especially after April 1st — you might have noticed something odd: your standing charges have gone up , even if your energy usage hasn’t changed.

This isn’t a mistake. It’s part of a broader shift in how non-commodity costs (NCCs) — the parts of your energy bill that have nothing to do with the actual energy — are calculated and passed through by suppliers.

And for some businesses, this change is adding hundreds or even thousands of pounds a year to their bills overnight.

�� Real Example: £1,200+ Extra — Same Contract, Same Supplier, Different Timing

One of our clients with a Half Hourly electricity meter under British Gas was quoted before and after April 1st, 2025. The contracts were identical in terms of usage, site, and supply details — but the fixed charges weren’t.

Here’s what changed:

Over the course of a year, that adds up to:

£858.48 more in standing charges
£378.14 more in capacity charges

That’s £1,236.62 extra per year — for the exact same site and consumption, simply because of a change in timing and supplier cost structures.

�� What’s Behind These Price Increases?

This isn’t about suppliers hiking prices without reason. These changes reflect updates to regulated pass-through charges that most suppliers adjust in April each year.

�� 1. TCR (Targeted Charging Review) Reforms

Ofgem’s TCR reforms have pushed more distribution and transmission costs into fixed daily charges . This means sites with higher demand — especially Half Hourly metered ones — now shoulder a larger share of these fixed costs.

�� 2. DUoS & TNUoS Tariff Changes

Distribution (DUoS) and Transmission (TNUoS) Use of System charges were reviewed and rebalanced for 2025–26. These updates usually come into effect on April 1st, increasing standing and capacity charges across the board.

�� 3. Inflation & System Recovery Costs

Other factors like Capacity Market uplift , network recovery charges, and inflationary adjustments are also baked into these changes — and passed through directly in fixed-rate quotes.

⚛️ 4. New Charges Like the E11 Nuclear Levy

A brand new non-commodity charge — the E11 Nuclear Construction Charge — is also being introduced from 2025 to help fund the Hinkley Point C project. If you missed it, we’ve broken it down here:

�� How the New E11 Nuclear Levy Will Affect Your Business Energy Bill in 2025

Combined, these changes are making it more important than ever to understand what’s actually fixed in your contract.

�� Can You Fix These Charges for Longer Than 12 Months?

That depends on the supplier — but with Smart Energy Company, we aim to fix everything .

While many energy brokers only secure the unit rate (for electricity or gas usage), we prioritise fully fixed contracts where your:

⚡️ Unit rate
�� Standing charge
�� Capacity charge

…are all locked in for the full contract term — whether that’s 12, 24, or 36 months.

That means if you secure a 3-year deal now, you’re protected from standing charge hikes in April 2026 and 2027 , no matter how non-commodity costs change in future regulatory updates.

✅ Our Take: Fix While You Still Can

If your contract is up soon — or you’ve received a quote with fixed non-commodity elements — now is the time to act. These costs are only going in one direction, and we’re already seeing sharp rises in standing and capacity charges across all suppliers.

�� Want Us to Check Your Quote?

We can review your current quote and let you know exactly what’s fixed, what’s not, and how to lock in a fully secured deal that protects you from future NCC surprises

�� Our advice is jargon-free and fully independent.

UK Business Energy Market Review: Q1 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 08 Apr 2025 10:16:10 GMT

The first quarter of 2025 brought the energy market rollercoaster we've come to expect — but with a welcome twist: prices fell in March after a rocky start to the year.

If you’re managing energy costs for your business, this update breaks down what happened, why it matters, and whether now is a smart time to lock in a deal.

�� Key Highlights (Q1 2025 at a Glance)

�� Gas prices jumped in January but fell back in March thanks to mild weather and strong LNG flows.
⚡ Electricity prices mirrored gas — peaking in January, easing in February, and dropping again in March.
��️ Oil prices were volatile, caught between sanctions and shifting global demand.

✅ Good news for businesses : Prices ended Q1 lower than they started , creating an opportunity to fix contracts before summer volatility kicks in.

�� Quarterly Price Review

�� January : Prices surged due to cold weather and tight renewable output.

�� February : Power prices eased as wind picked up; gas stayed high on cold snaps.

✅ March : Milder temps + strong supply = price drops across the board.

⚠️ What Drove the Market?

��️ Weather Trends

January brought freezing spells that lifted demand and prices.
February and March were milder than normal, cutting heating needs and easing pressure on the grid.
Wind generation was more consistent in February and March, helping keep power prices down.

�� Geopolitical & Policy Shocks

Russian LNG disruptions and Red Sea shipping delays stirred the gas market early in Q1.
Tensions in Ukraine caused mid-month spikes in March, but peace talks helped settle nerves.
U.S. tariffs and OPEC+ policies added volatility in oil — but didn’t spiral.

⚡ UK Supply & Infrastructure

LNG flows into Europe remained strong throughout Q1.
Norwegian gas exports held steady despite minor outages.
UK nuclear plants returned from maintenance in March, boosting electricity supply.

�� What Does This Mean for My Business?

�� Expert Business Insight

“Prices are lower than they were at the start of the year – now is the time to review.”

“With geopolitical risks still looming, don’t assume this dip will last.”

Energy markets can change fast. Even a mild spring doesn’t guarantee a calm summer. A short call could save you thousands.

�� Thinking of switching or renewing?

We’ll compare over 28 suppliers for you — fast, free, and jargon-free.

�� What to Watch in Q2

❄️ Will colder weather return unexpectedly in April?
�� Will prices hold or bounce back before summer demand rises?
�� Will ceasefire talks between Russia and Ukraine progress — or collapse?
��️ Will OPEC+ increase oil production and trigger market movement?

Staying alert in Q2 will be key to avoiding future cost spikes.

�� Don’t wait for the market to bounce back

Secure your fixed price while rates are favourable.

�� Call: 0151 459 3358
✉️ Email: info@smart-energy.uk

Choosing the Right Electricity Contract: Corona Energy’s Standard vs Fixed Options

tom@smart-energy.uk (Thomas McGlynn) — Mon, 07 Apr 2025 14:03:49 GMT

When it comes to selecting an electricity contract, understanding the fine print can save you money and hassle over time. Corona Energy offers two main types of contracts— Standard and Fixed —that cater to different needs. In this post, we break down the differences, explore the impact of rising Non-Commodity Charges (NCCs), and help you decide which option best suits your situation.

�� Understanding the Two Contract Types

�� Standard Contracts

Key Features:

Included Costs with a Twist:
The unit rate in a Standard contract bundles several costs such as Distribution Use of System (DUoS), Feed-in Tariff (FiT), Renewables Obligation (RO), Transmission Network Use of System (TNUoS), Balancing Services Use of System (BSUoS), Contracts for Difference (CfD), and Capacity Market (CM).

Pass-Through Charges:
If the actual costs exceed the estimated amounts, the extra charges are passed directly on to you. This means that if market conditions shift or new fees arise, your bill could unexpectedly increase. ⚠️

Variable Standing Charge:
Notably, the standing charge in the Standard contract is variable and can change month to month, adding further unpredictability to your overall costs.

Pros and Cons:

Pros:
Lower upfront unit rate ��
Potential short-term savings if pass-through costs remain stable

Cons:
Risk of unexpected increases due to variable standing charges and pass-through costs
Less budget certainty over the contract term

�� Fixed Contracts

Key Features:

Price Certainty:
With a Fixed contract, Corona Energy locks in both the unit rate and the standing charge for the full duration (typically 2 years). This means your basic costs remain predictable regardless of market fluctuations.

Limited Pass-Throughs:
While the majority of costs are fixed, any new industry charges or regulatory changes after the contract begins may still be passed through. These are generally less frequent and easier to forecast. ✅

Pros and Cons:

Pros:
Predictable energy bills, which aid in budgeting and financial planning
Peace of mind from avoiding sudden price hikes

Cons:
Higher upfront cost, meaning you pay a premium for stability

�� A Quick Comparison Table (Based on 100,000 kWh Usage Over 2 Years)

Calculations: For Standard, the cost is computed as 100,000 kWh × (19.8195 p/kWh ÷ 100) plus 2 years × £75.9452. For Fixed, it’s 100,000 kWh × (21.3576 p/kWh ÷ 100) plus 2 years × £76.7342. These figures are approximate and based on current offers. Always check with Corona Energy for the latest details.

Not sure if you're on a Fixed or Standard contract?

Get in Touch with Our Experts for clarity!

�� The Impact of Rising Non-Commodity Charges (NCCs)

In recent years, many customers have noticed a significant rise in Non-Commodity Charges (NCCs), which cover additional costs beyond the basic energy price.

What Are NCCs?

Distribution and Transmission Fees:
Charges like DUoS and TNUoS help fund the maintenance and upgrade of the energy network. Investments in grid modernisation often lead to higher fees.

Regulatory and Industry Costs:
Fees associated with initiatives such as the Renewables Obligation (RO) and Contracts for Difference (CfD) can vary as governments adjust policies to meet environmental and market demands.

Pass-Through Mechanism:
In Standard contracts, any unexpected increases in these charges are directly passed on to the customer. This can significantly impact your overall bill if NCCs continue to rise.

For Fixed contracts, while the base costs are locked in, any NCCs introduced after the contract starts may still apply. This provides some level of protection, but the risk of increased charges remains.

Why Are NCCs Rising?

Infrastructure Upgrades:
Modernising the grid requires substantial investment, with costs often passed to consumers. ��️

Regulatory Changes:
As policies evolve to promote renewable energy and reduce emissions, additional fees may be imposed. ��

Market Fluctuations:
The overall cost of operating and maintaining the energy grid has increased, driving up these charges over time. ��

Want a deeper dive into why NCCs are on the rise?

�� How to Decide Which is Right for You

When choosing between these contract types, consider the following:

Risk Tolerance:
Are you comfortable with potential fluctuations in your bill? If so, the Standard contract may be suitable—if you remain vigilant about rising costs.

Budget Certainty:
If you need predictable expenses for your budgeting or financial planning, the Fixed contract might be the better option despite its slightly higher upfront cost.

Market Trends:
Staying informed about industry trends, such as rising NCCs, will help you understand the long-term implications of your choice.

Ready to explore your options?

�� Final Thoughts

Both contract types have their merits. The Standard contract might offer lower upfront rates but comes with risks of variable costs and rising NCCs. In contrast, the Fixed contract provides stability and peace of mind by locking in costs—even if it carries a premium.

By understanding these factors, you can make a more informed decision that aligns with your consumption patterns and financial planning.

Energy Market Update: 31st March - 4th April 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 07 Apr 2025 09:08:30 GMT

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 98.18 p/therm
(~2% lower than last week’s 100.37 p/therm)

⚡ Average Electric (Day-Ahead): £81.17/MWh
(~5.7% lower than last week’s £86.08/MWh)

��️ Brent Crude: Fell sharply to near $70/bbl on Thursday, reversing earlier gains amidst global trade tensions and OPEC+ announcements.

Note: After a brief mid-week spike (when Norwegian maintenance and cooler forecasts hit), gas prices resumed a downward trend as winter demand winds down.

Stay up-to-date on the latest wholesale gas, power, and oil price movements. Here’s a concise overview of what happened this week, why it matters, and how it could affect your next energy contract.

⚡ Market Overview

Shifting Supply & Summer Transition

UK and Dutch gas started the week mixed on fresh attacks near Sudzha (a Russian supply point) offset by improving weather.
By week’s end, milder temperatures and lower demand pulled prices back below the 100 p/therm mark.

Geopolitics & “Liberation Day”

The US announced new tariffs (dubbed “Liberation Day”), rattling global markets.
Energy commodities were exempt, but economic slowdown fears weighed on prices overall.

No Ceasefire Deal

Putin’s refusal to accept a US-backed Ukraine ceasefire boosted prices temporarily.
As the week progressed, attention shifted to trade measures rather than direct military escalations, calming the market.

�� Weekly Prices at a Glance

Note: Warmer weather, stable supply, and trade-related uncertainty contributed to the overall decline in prices compared to last week.

�� Key Factors This Week

1. Weather & Demand

Above-seasonal temperatures moderated heating needs.
Brief cooler forecasts, plus Norwegian maintenance, created a mid-week spike in gas before prices eased again.

2. Norwegian Maintenance & Storage

Maintenance affected flows but didn’t outweigh lower demand.
Market focus now shifts to refilling storage for next winter, though current demand softness reduces urgency.

3. Global Trade Tensions

The US introduced sweeping tariffs without targeting energy directly.
Concern over economic growth weighed on prices, especially mid-to-late week.

�� Implications for Your Business

Contracts Ending Soon (0–3 Months)
Lower prices could make this an opportune moment to fix . Keep in mind sudden geopolitical changes can reverse the trend.

Medium-Term (3–6 Months)
Monitoring the market is sensible; any ceasefire breakthrough or new tariffs could jolt prices.

Long-Term (6+ Months)
You have time to watch the market further. Setting price alerts can help you catch potential dips while managing risk.

��️ Oil Market Brief

Brent Crude hovered near $70/bbl on Thursday, dropping 6% in a single day—the steepest fall in three years.

Key Influences :

OPEC+ boosted its planned output hike from 135,000 to 411,000 bpd.
Fears of a global economic slowdown escalated as new US tariffs were announced.
Earlier in the week, the possibility of sanctions on Russian and Iranian oil had kept prices elevated.

Although oil prices do not dictate UK gas or power directly, they reflect the broader energy market’s mood and the global economic outlook.

�� 12-Month Energy Market Trends

Prices have generally eased from winter highs , but remain sensitive to new supply disruptions or shifts in trade policy. Storage refill strategies and any Ukraine developments will shape short-to-mid-term volatility.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

With the winter season behind us, gas and power prices have drifted lower. However, global trade tensions and the evolving situation in Ukraine mean quick changes are still possible. If you’re nearing renewal, fully fixing your rates while prices are down can offer long-term budget certainty.

Smartest Energy Out of Contract Rates – Effective 1st April 2025

tom@smart-energy.uk (Thomas McGlynn) — Thu, 03 Apr 2025 15:50:43 GMT

Out of Contract with Smartest Energy? Here’s What You’ll Be Charged from April 2025

If your Smartest Energy business contract ends without a renewal or supplier switch, you’ll automatically be moved onto their Out of Contract (OOC) or Deemed Rates . While these rates ensure continued supply, they come with hidden costs that can significantly increase your bill.

In this update, we’ll break down:

The latest April 2025 OOC rates
Why they’re more expensive than they seem
How to avoid overpaying

�� What Are Smartest Energy’s Out of Contract Rates?

Out of contract rates apply when:

A fixed-term contract ends or is terminated early
No new agreement has been arranged
The customer remains on supply with Smartest Energy

These rates are identical to the published deemed default tariffs and apply from 1st April 2025 .

�� Smartest Energy Gas Out of Contract Rates – April 2025

�� These rates exclude VAT and CCL, which are applied separately.

⚡ Smartest Energy Electricity Rates – April 2025

�� Non-Half-Hourly (NHH) Electricity

�� Profile Class 5–8 customers will be moved to HH rates within 2 months and incur a £285 per MPAN charge.

�� Half-Hourly (HH) Electricity

�� Avoid paying more than you need to.

Get your free quote today

⚠️ Why These Rates Aren’t as “Low” as They Look

At first glance, 27p/kWh or 8.73p/kWh might seem competitive for out-of-contract pricing. But what’s not included can drastically inflate your bill:

❗ Additional Charges You WILL Pay:

DUoS Charges (Distribution Use of System)
TNUoS Charges (Transmission Use of System)
Distribution Losses
Climate Change Levy (CCL)
VAT
Capacity Charges (for HH meters)
£285 metering migration fees (for certain NHH classes)

�� These pass-through costs are not included in the unit rates and can add 20–40% or more to your total bill depending on usage and location.

�� How The Smart Energy Company Can Help

We’re a trusted UK energy broker helping businesses avoid costly out-of-contract scenarios. We offer:

✅ Full market comparison from 25+ suppliers
✅ Fixed-term quotes that beat Smartest Energy’s default pricing
✅ Proactive contract management so you never roll again
✅ Help with supplier switching and billing queries

�� Contact us for a quote

FAQs About Smartest Energy’s Out of Contract and Deemed Rates

�� Take Action Today — Avoid High Out of Contract Costs

Don’t let high out-of-contract rates impact your business’s bottom line.

Speak to The Smart Energy Company today for expert advice, a no-obligation quote, or a full review of your current energy contract with Smartest Energy.

�� Call us: 0151 459 3358
�� Email: info@smart-energy.uk

March 2025 UK Energy Market Trends: Gas, Power, and Oil

tom@smart-energy.uk (Thomas McGlynn) — Tue, 01 Apr 2025 09:27:10 GMT

A clear summary of how gas, power, and oil markets moved in March – and what it means for UK businesses heading into April.

✅ At a Glance: What Happened in March?

March brought a welcome drop in wholesale energy prices for businesses. Both gas and electricity fell compared to February, driven by milder weather , strong supply , and easing geopolitical tension — though uncertainty still lingers.

�� Gas prices fell ~18% month-on-month
�� Electricity prices fell ~15.6% month-on-month
⚖️ Oil prices dipped early in the month, then rebounded slightly

These lower prices could make April a smart time to explore fixed energy contracts , especially before summer demand or market shocks push rates higher again.

�� Monthly Price Trends (with Chart)

This chart shows how gas (grey line) and electricity (blue line) prices moved throughout March:

Key Takeaways:

�� Early March Decline – Both markets dropped sharply on mild weather and strong fundamentals.

�� Mid-March Rebound – A brief rally followed strikes on Ukrainian gas infrastructure and colder forecasts.

�� Late March Stabilisation – Prices levelled off, with gas around 100p/th and electricity around £90/MWh.

✔️ The overall trend in March was downward, though brief volatility remained.

�� How Prices Changed from February

�� What Moved the Market

�� Weather

Most of March was milder than seasonal norms , cutting demand.
A short cold snap mid-month gave prices a temporary lift.

�� Supply

LNG deliveries were steady, and Norwegian exports remained healthy.
Two UK nuclear plants returned from maintenance, boosting power availability.

�� Geopolitics

Russia–Ukraine ceasefire talks stirred volatility, but no resolution was reached.
US sanctions and tariffs added further tension, especially for oil markets.

�� 12-Month Market View: Are Prices Falling?

Over the last year, energy prices climbed steadily through 2024 , driven by tight supply and global uncertainty.

Since February 2025 , both gas and electricity have begun to trend clearly downward — a welcome shift for buyers.

�� Mid-2024 to early 2025: Steady rise, with sharp spikes in winter
�� Since Feb: Downtrend, offering potential buying opportunities

�� If this continues, April may be a great time to secure lower fixed rates before summer volatility kicks in.

�� What This Means for Contracts

�� What to Watch in April

Here’s what we’re watching:

Will OPEC+ follow through on its planned oil output hike?
Could colder-than-expected weather return and push up prices again?
Will Russia-Ukraine ceasefire efforts hold or falter?
How will US tariffs impact global energy markets?

�� Conclusion

March delivered some long-awaited relief for business energy buyers, with wholesale gas, electricity, and oil prices all trending lower. While day-to-day volatility remains, the overall direction in recent weeks has been downward — and that presents a valuable opportunity.

With milder weather , stronger supply , and some geopolitical tensions cooling , now could be a smart time to review your contract strategy and consider fixing prices before the market shifts again.

�� Prices are down — but risks aren’t gone.
�� April could be a turning point.

�� Need help making the most of the current prices?

�� Request a fixed quote now
�� Subscribe for alerts and expert insights

Need Tailored Advice for Your Business?

Weekly Energy Market Update: 24th - 28th March 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 31 Mar 2025 09:32:11 GMT

✨ Quick Snapshot

�� Average Gas (Day-Ahead): 100.37 p/therm
(Down ~3% from 103.43 p/therm last week)

⚡ Average Electric (Day-Ahead): £86.08/MWh
(Down ~5% from £90.30/MWh last week)

��️ Brent Crude: Ended near $74/bbl, up slightly from last week as new sanctions and OPEC+ moves suggest tighter supply ahead.

Note: As of 31st March (this morning), gas briefly jumped to around 96.04 p/therm. Expect short-term shifts as geopolitical news continues to develop.

Stay up-to-date on the latest wholesale gas, power, and oil price movements. Here’s a concise overview of what happened this week, why it matters, and how it could affect your next energy contract.

⚡ Market Overview

Sudzha Gas Station Strike Rumours
Early in the week, reports of a strike on the Sudzha station (a key entry point for Russian gas into Ukraine) caused a brief price surge.
Lack of official confirmation led traders to revise initial assumptions, sending prices lower by midday.

Mild Weather & Supply Outlook
Temperatures remain above seasonal norms, reducing gas demand for heating.
Additional LNG cargoes and the return of UK nuclear capacity from maintenance pressured both gas and power prices downward.

Ceasefire Talks & Maritime Agreements
Discussions of a possible pause in energy infrastructure attacks between Russia and Ukraine briefly eased market tension.
Details remain uncertain; any sustained truce could keep prices from rising sharply.

Looking Ahead to Summer
With milder weather on the horizon, gas demand may soften further unless a cold snap or supply issue disrupts the market.

�� Weekly Prices at a Glance

Note: Mild weather, strong supply, and mixed signals from geopolitical talks all contributed to this week’s lower averages.

�� Key Factors This Week

Weather & Demand
Above-normal temperatures translated into reduced heating needs.
Variable wind forecasts, stronger solar output, and stable Norwegian flows helped keep prices in check.

Geopolitical Developments
Meetings in Saudi Arabia aimed at reducing attacks on energy targets lowered market anxiety in the short term.
Possible changes to sanctions on Russian exports remain a wild card that could quickly shift prices.

Maintenance & Supply Adjustments
Two UK nuclear plants are back online, boosting power supply and reducing gas demand for electricity generation.
Norwegian gas flows have adjusted to match slightly lower demand, while LNG arrivals helped keep the UK system comfortable.

�� Implications for Your Business

Contracts Ending Soon (0–3 Months)
Recent drops could present a buying opportunity . However, prices may jump if ceasefire talks fail or a supply issue emerges.

Medium-Term (3–6 Months)
Mild weather and stable supplies may keep prices lower, but be prepared for sudden reversals if geopolitical events escalate.

Long-Term (6+ Months)
More time to watch the market. You might consider setting price alerts or partial fixes if you want to capture potential dips while managing risk.

��️ Oil Market Brief

Brent Crude hovered around $74/bbl , a modest lift from the previous week.

Key Influences :
New US Sanctions on Iran (including penalties on some Chinese refiners).
OPEC+ indicating continued or expanded output cuts.
Proposed US Tariffs on buyers of Venezuelan crude, adding trade uncertainty.

Although oil’s trajectory doesn’t directly set UK gas/power prices, it reflects the broader energy market mood—heightened volatility due to political tensions.

�� 12-Month Energy Market Trends

Prices have eased from winter highs, but rapid swings remain possible . Ceasefire progress or renewed conflict in Ukraine, along with weather surprises, could quickly change the outlook.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

�� Final Thoughts

With prices trending down this week, businesses approaching renewal might find it a timely moment to lock in . However, the ever-shifting geopolitical landscape means surprises can’t be ruled out. Setting trigger points or partial fixes can help you balance risk and flexibility.

Ofgem Backbilling: Myths vs. Reality

tom@smart-energy.uk (Thomas McGlynn) — Fri, 28 Mar 2025 09:39:18 GMT

Ever heard someone say, “If I don’t pay my energy bills, they can’t bill me for more than 12 months” ?

That’s one of the most common misconceptions about Ofgem’s backbilling rules . These regulations aim to protect consumers from unexpected, large bills when the delay is purely the supplier’s fault —not to wipe out unpaid debts.

In this blog post, we’ll demystify Ofgem backbilling rules, clarify who they apply to, and explain the difference between genuine backbilling and simple non-payment.

What Is Backbilling?

Backbilling refers to when an energy supplier issues a bill for energy used in the past that wasn’t previously charged for (or was billed incorrectly). Reasons for backbilling can include:

Supplier error (e.g., never sending a bill, ignoring meter readings, technical glitches)
Incorrect meter readings (billing based on the wrong numbers)
Meter faults (leading to under-recorded usage)

The key point: Ofgem, the energy regulator in Great Britain, limits suppliers from charging customers for energy used more than 12 months ago if the delay was entirely the supplier’s fault. This applies to domestic consumers and microbusinesses .

Are You a Microbusiness?

Many small businesses assume they don’t qualify for these protections, but you might be surprised. According to Ofgem, you’re a microbusiness if you meet any of the following criteria:

You use less than 100,000 kWh of electricity per year
You use less than 293,000 kWh of gas per year
You have fewer than 10 employees and an annual turnover/balance sheet total under €2 million

If you do qualify, you can generally challenge backcharges for usage older than 12 months if it was the supplier’s mistake.

�� Think You Might Be Protected?

You don’t have to figure it out alone. We’ve helped other businesses challenge backbills and win.

Why ‘Not Paying’ Is Different From ‘Not Being Billed’

A common misunderstanding is thinking that an unpaid bill older than 12 months is automatically void. That’s not how it works. If you received a bill—whether it was accurate, estimated, or final—and you just didn’t pay , that isn’t backbilling, it’s debt .

Backbilling = Being charged (or corrected) late for energy you weren’t properly billed for in the first place.

Debt = You were billed, but chose not (or were unable) to pay

Common Scenarios: FAQ

Below are some typical situations customers face. Click on each scenario to learn how Ofgem’s backbilling rules may—or may not—apply.

Key Takeaways

Know Your Status: Verify whether you’re a microbusiness . You might be protected by the 12-month backbilling rule.

Backbilling vs. Debt: Not paying an issued bill is debt, not backbilling. The 12-month rule doesn’t wipe out unpaid bills.

Supplier Fault: If the supplier had the correct info or never sent bills in the first place, that’s on them.

Act Quickly: If you see incorrect bills or suspiciously low estimates, contact your supplier right away. Document your meter readings and all communications.

Final Thoughts

Ofgem’s backbilling rules are designed to stop surprise, sky-high bills caused by supplier errors . They protect many domestic and microbusiness customers, but not all SMEs automatically qualify. Even if you’re not covered by the 12-month rule, you still have rights —like disputing unreasonable billing practices or arranging affordable payment plans.

If you’re unsure about your microbusiness status or think you’ve been incorrectly billed, take action now :

Gather evidence (meter readings, emails, call logs).
Contact the supplier to dispute or discuss payment terms.
If unresolved, consider escalating to the Energy Ombudsman or seeking independent advice.

Need more advice? Feel free to reach out or drop a comment below—understanding backbilling can save you (or your clients) from confusion and unexpected costs.

✅ Worried About a Surprise Backbill?

If you’ve received a bill for energy used over 12 months ago, you may not have to pay. Let us review your case and support your next steps.

Disclaimer: The information provided in this blog is for guidance only and does not constitute legal advice. For specific concerns about your energy bill, consult Ofgem’s official website or seek professional counsel.

Important Notice: Ofgem Mandates Replacement of RTS Meters by June 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 25 Mar 2025 15:01:09 GMT

Are You Affected?

If your property still uses a Radio Teleswitch Service (RTS) electricity meter, Ofgem requires that it be replaced with a smart meter before June 30, 2025 . RTS meters have been around since the 1980s, and the radio signal that manages off-peak and peak switching for these older meters will cease on that date.

Why Should You Care?

Heating & Hot Water Risk: Without an upgrade, you may lose control of your heating and hot water after 1st July, 2025.

Higher Bills: Losing the ability to switch between peak and off-peak rates could lead to significantly higher electricity costs.

Operational Disruption: If you run a business or have specific heating needs, a sudden loss of control could affect your day-to-day operations.

What’s Next & How We Can Help

We can arrange a free smart meter installation on your behalf —just let us know! Smart meters allow you to continue enjoying off-peak rates while giving you more visibility into your energy usage. They also prevent any disruption to essential services like heating and hot water.

⚡ Contact Us to Book Your

Free Meter Upgrade ⚡

Installation At a Glance

Free of Charge: No fee for switching from your old RTS meter to a smart meter.

Quick & Simple: Installation typically takes about one hour.

What to Expect: Power will be switched off briefly for safety (up to 60 minutes).

Before They Arrive: Your supplier will ask you about meter accessibility—parking, ladders, keys, etc.

Frequently Asked Questions

Key Takeaway

Don’t wait until the last minute. Upgrading your RTS meter is no cost and ensures you won’t lose essential services or face unexpectedly higher bills.

Weekly Energy Market Update: 17th - 21st March 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 24 Mar 2025 10:44:13 GMT

✨ Quick Snapshot

�� Average Gas: 103.43 p/therm (Up 0.9% vs. last week)

⚡ Average Electric: £90.30/MWh (Down 7.2% vs. last week)

��️ Brent Oil: Closed near $72/bbl, supported by new Iran sanctions and ongoing Middle East tensions.

Stay up-to-date on the latest wholesale gas, power, and oil price movements. Here’s a concise overview of what happened this week, why it matters, and how it could affect your next energy contract.

⚡ Market Overview

Partial Ceasefire in Ukraine : The proposed 30-day pause in energy infrastructure attacks was only partly observed, leading to a mid-week uptick in gas prices.

Weather & Supply : Above-average temperatures and solid LNG deliveries helped offset any major price surges, especially in power.

Volatile Electric Pricing : Electricity dipped sharply on 21/03, skewing the weekly average lower than typical market sentiment.

�� Weekly Prices at a Glance

Note: An unusually low electricity price on 21/03 pulled the weekly average down more than expected.

�� Key Drivers This Week

Ceasefire Uncertainty
Markets reacted daily to headlines out of Ukraine; partial ceasefire compliance caused a mid-week surge in gas.

Stable Supply & Mild Weather
Above-seasonal temperatures and robust Norwegian gas flows tempered the market.
Power demand softened, reflecting reduced heating needs.

Oil Market Influences
Renewed US sanctions on Iran and tension near the Red Sea kept Brent crude supported, indirectly impacting gas/power sentiment.

What Does This Mean for Your Business?

Contracts Ending Soon (0–3 Months)

Watch for Dips: Sudden drops in power (like on 21/03) can offer favourable locking-in rates.
If you need budget certainty now, fixing your price on a dip may be beneficial.

Medium-Term (3–6 Months)

Keep an Eye on Geopolitics: Any escalation could quickly lift prices.
If the partial ceasefire stabilises further, there may be additional downward room.

Longer-Term (6+ Months)

Set Target Triggers: You have time to wait, but remain vigilant. Market sentiment can swing on unpredictable events.

⚠️ If you’re out of contract → Acting quickly could save your business money. Standard variable rates are still much higher than fixed rates.

��️ Oil Market Roundup

Brent Crude hovered around $70–$72/bbl , ending closer to $72.

Key Factors : US sanctions on Iran, OPEC+ production cuts, and renewed tensions in the Middle East.

Business Impact : While oil prices don’t directly affect most fixed-price electricity/gas contracts, they influence global energy sentiment and logistics costs.

12-Month Energy Market Trends

Easing from Winter Peaks : Gas and power are lower than the highs seen during colder months.

Volatile Outlook : Ongoing conflict in Ukraine and Middle East tensions could trigger sudden price moves.

�� (See the 12-month market graph below for a full breakdown of movements.)

�� Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

Final Thoughts

While the winter season is winding down, political uncertainty remains a key driver of energy prices. If your contract is up soon, consider securing a portion of your volume on any dips. For those with more time, monitor developments and set clear price triggers.

�� Get in touch today to explore your options and ensure your business is on the best possible energy contract.

Why Your Energy Renewal Costs Change — And How Market Timing Protects Your Bottom Line

tom@smart-energy.uk (Thomas McGlynn) — Thu, 20 Mar 2025 10:42:14 GMT

�� Introduction

Ever wondered why your energy renewal quote comes back higher or lower than last year, even though your business usage hasn't changed? You're not alone. Many businesses assume energy costs are stable year-to-year, but the reality is very different.

Energy prices are driven by complex global markets , supply chain risks, and rising non-commodity costs (NCCs) . In this blog, we'll explain what really drives your renewal prices, why market timing matters , and how our expert monitoring helps protect your business from unnecessary cost increases.

�� How the Energy Market Really Works

When you sign a fixed-term contract , your unit rate is secured for the length of that deal. But when your renewal comes around, your new rate reflects the wholesale energy market conditions at that time — not your usage.

Suppliers buy energy in advance, hedging their costs on forward markets. This is why the timing of when they "lock in" your supply matters. Two suppliers quoting on the same day might offer different rates because one bought earlier at a better price.

�� Example: The Forward Curve

Take a look at the gas and power forward curve below. You'll see how prices fluctuate over the coming years, reflecting changing market expectations.

�� Why Wholesale Price Changes Impact Your Renewal Quote

�� The 29.3p/therm Rule of Thumb

Every 29.3p per therm change in wholesale gas roughly equals a 1p per kWh change in your gas unit rate.

Example: If the wholesale market jumps by 30p/therm , your unit rate could rise by 1p/kWh . For a business using 1 million kWh per year , that's an extra £10,000 annually .

�� Day-Ahead Price Volatility

Day-ahead prices show how volatile the market can be. Look at the recent trend below — prices swinging between 93p/therm and 145p/therm within weeks.

�� Timing matters. Waiting too long to renew or buying during a price spike could lock in significantly higher costs.

�� The Hidden Costs: Non-Commodity Charges (NCCs) Keep Rising

Your energy bill isn't just wholesale cost. Non-Commodity Costs (NCCs) — like network charges, environmental levies, and system balancing fees — now make up 20-40% of your unit rate .

�� NCCs Include:

�� Network & Distribution Charges
�� Environmental Levies (green gas support, etc.)
�� System Balancing & Market Admin Fees

These costs are rising steadily each year, driven by infrastructure upgrades and climate policies. Even when wholesale prices fall, NCC increases can erode your savings.

�� Full cost visibility is key.

�� What Impacts the UK Energy Market — And Your Bills

Many factors influence your energy renewal rate:

�� Global & Market Forces:

�� Global Gas Prices & LNG Imports
❄ Weather & Seasonal Demand
�� Geopolitical Risks (Russia-Ukraine conflict)
�� Carbon Pricing and Environmental Policy
�� UK Storage Levels and Demand Outlook

�� Our Role:

We monitor these daily , so you don’t have to.

�� How We Help You Avoid Renewal Price Shocks

We don’t just compare supplier prices. We track the market, watch the forward curves, and advise you when to buy — not just who to buy from .

�� Our Proactive Procurement Strategy Means:

�� You avoid buying during market peaks
�� You lock in when conditions favour you
�� You gain full visibility on both wholesale and NCC impacts

�� Ready to Take Control of Your Energy Costs?

Energy markets are volatile . Don’t leave your renewal to chance.

�� Book a Free Energy Procurement Review:

�� We'll break down your current rates, market conditions, and the smartest time to lock in your next contract.

�� Subscribe to Our Market Alerts:

Stay ahead of price movements and renew with confidence .

Weekly Energy Market Update: 3rd - 7th March 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 10 Mar 2025 10:47:26 GMT

Market Overview: Gas Prices Drop to Lowest Levels Since December 2024

Market Overview: Energy Prices Continue to Drop

Gas and electricity prices fell again last week , continuing the trend seen in recent weeks. Gas prices have now dropped below 100p/therm for the first time since December 2024 , while electricity prices are at their lowest level in months .

�� What happened?

Gas demand dropped due to warmer weather and strong LNG supply .
Electricity prices fell as higher wind power generation reduced the need for gas-fired power .
Economic concerns and geopolitical developments also influenced market movements.

The big question for businesses: Should you secure a new contract now, or wait?

A Quick Look at This Week’s Energy Market

Why Are Prices Falling?

�� Warmer Weather → Reduced heating demand has lowered gas consumption.

�� High LNG Supply → The UK received multiple LNG shipments , keeping supply strong.

⚡ Increased Renewable Generation → Higher wind output meant less reliance on gas-fired electricity , bringing electricity prices down.

�� Global Economic and Geopolitical Factors → The recent U.S.-Ukraine developments and OPEC+ decisions have added uncertainty but have not yet pushed prices up.

What Does This Mean for Your Business?

�� If your contract is ending in the next 3 months → Now is a good time to explore fixed contracts . Prices have dropped, but the market remains unpredictable.

�� If your contract isn’t due until later in 2025 → Monitor the market closely . If this downward trend continues, there could be more opportunities to secure a lower rate.

⚠️ If you’re out of contract → Act quickly . Standard variable rates are still much higher than fixed rates, so securing a deal now could save your business money.

What’s Likely to Happen Next?

�� Gas Prices: May stay low if temperatures remain mild and supply remains strong.

�� Electricity Prices: Could fluctuate , depending on renewable generation levels .

�� Global Risks: Any unexpected supply disruptions or geopolitical shifts could cause sudden price spikes.

Oil Market Update

Oil prices fluctuated last week , influenced by OPEC+ decisions, U.S. tariff concerns, and economic outlooks .

12-Month Energy Market Trends

�� Looking at the past year, prices have been on an upward trend, but the market has stabilised in recent weeks.

�� Key trends from the last 12 months:

✔️ Gas prices peaked in December 2024 but have since fallen by over 30% .
✔️ Electricity prices have followed a similar pattern , reflecting gas market movements and renewable output .
✔️ Price spikes in late December and January were temporary but showed how quickly markets can shift.

�� (See the 12-month market graph below for a full breakdown of movements.)

Next Steps: What Should You Do Now?

✔️ Send us your latest bill – we’ll review your options and see if fixing now makes sense.
✔️ Not ready to switch? Let us track the market for you – We can track the market for you and notify you when prices move in your favour.
✔️ Get expert guidance – we work with over 28 suppliers to find the best deal for your business.

�� Contact us today to discuss your energy contract options and secure your business against further price increases.

Final Thoughts

Energy prices have dropped significantly , but the market remains unpredictable. If you’re unsure whether to renew now or wait, Smart Energy Company can provide a no-obligation review to help you make an informed decision.

�� Get in touch today to explore your options and ensure your business is on the best possible energy contract.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

Weekly Energy Market Update: 24th - 28th February 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 03 Mar 2025 10:21:26 GMT

Market Overview: Gas Prices Hit a 2025 Low as Electricity Prices Decline Further

A Quick Look at This Week’s Energy Market

✨ Gas prices: 107.47 p/therm (down from 117.62 last week, an 8.6% decrease)
✨ Electricity prices: £93.46 / MWh (down from £97.14 last week, a 3.8% decrease)

Gas and electricity prices continued their downward trend this week, with gas hitting its lowest price of 2025 so far. Electricity prices also declined, reflecting stronger renewable generation and milder temperatures.

Why Are Prices Falling?

Gas demand is lower due to milder temperatures and increased renewable energy output.
LNG supply is strong , with multiple cargoes arriving and more scheduled for the coming weeks.
Electricity demand is easing , with wind and solar contributing more to the grid.
Geopolitical tensions appear to be stabilising, reducing risk premiums in the market.

Despite these factors, energy prices remain unpredictable, and businesses should monitor trends closely.

Should You Lock In Your Next Energy Contract?

�� If your contract is ending in the next 3 months ➔ Prices are falling, making it a good time to explore fixed-rate options. Locking in now could protect your business from any unexpected market rebounds.

�� If your contract isn’t due until later in 2025 ➔ Continue monitoring the market. While prices are falling, long-term trends remain uncertain. We can track the market for you and alert you when the best time to switch comes.

❗ If you’re currently out of contract ➔ Act fast. Out-of-contract rates remain significantly higher than fixed deals, and waiting could result in higher costs.

What’s Likely to Happen Next? (Market Forecast for 3rd - 8th March 2025)

�� Gas prices may stabilise as demand remains low and supply is strong. However, any supply disruptions or colder-than-expected weather could cause a rebound.

�� Electricity prices could drop further if wind generation remains high. However, fluctuations in renewable output could still create short-term price spikes.

�� Global factors remain uncertain — any unexpected geopolitical events could push prices higher again.

Biggest Risk? Uncertainty. Markets can shift quickly, so businesses should stay informed and act when opportunities arise.

Oil Market Update

�� Brent crude: $74.04/barrel (slightly up this week)
�� WTI crude: $70.35/barrel (small increase this week)

Key factors affecting oil prices:

✔ New U.S. sanctions on Iran have created concerns about supply shortages.
✔ Russia-Ukraine peace talks continue, which could ease sanctions and increase Russian oil exports.
✔ Venezuela sanctions update: The U.S. revoked Chevron’s licence to operate, impacting global oil supply.

Why does this matter? Oil prices can influence gas and electricity markets, affecting overall energy costs.

12-Month Energy Market Trends

�� Looking at the past year, gas and electricity prices have seen a clear upward trend, with some sharp spikes in late December and January. While the market has somewhat stabilised in recent weeks, prices remain much higher than mid-2024 levels.

�� Key trends from the past 12 months:

✔ Gas prices - Gradual increase throughout the year, with notable peaks during winter demand periods.

✔ Electricity prices - More volatile, with extreme price surges in December and January before settling slightly.

✔ The market has responded strongly to weather changes, supply levels, and global events.

What does this mean for businesses? Prices are still high compared to last year, so waiting for a significant drop could be risky. While the market has eased in the short term, the overall trend suggests that securing a contract now could provide stability against potential future increases.

(See the attached 12-month market graph for a full breakdown of movements.)

Next Steps: What Should You Do Now?

�� Contact us today to discuss your energy contract options and secure your business against further price increases.

Final Thoughts

Energy prices have continued to fall, but the market remains unpredictable. If you’re considering fixing your rates, now could be a good time to explore your options.

If you’re unsure whether now is the right time to renew, Smart Energy Company can provide a no-obligation energy review to help you make an informed decision.

�� Get in touch today to explore your options and ensure your business is on the best possible energy contract.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

February 2025 UK Energy Market Trends: Gas, Power, and Oil

tom@smart-energy.uk (Thomas McGlynn) — Mon, 03 Mar 2025 10:03:12 GMT

February 2025 Wholesale Energy Market Report

February 2025 saw notable shifts in UK energy markets, with gas and electricity prices experiencing significant volatility. Milder temperatures and strong LNG arrivals kept prices in check, but intermittent renewable output and geopolitical developments added uncertainty.

This report provides an in-depth analysis of February's energy market trends, comparing them to January and outlining key factors that influenced gas, power, and oil prices.

Key Takeaways

Gas prices rose slightly to 124.39p/th , but supply remained stable.
Electricity prices fell 13.3% to 107.74/MWh , largely due to improved renewable generation.
Oil prices fluctuated between $68.62 and $76.48 per barrel , influenced by geopolitical factors.
Businesses should consider locking in contracts before Q2 price movements.

UK Gas Price Trends & Procurement Advice (Feb 2025)

Gas Price Movements in February

Gas prices exhibited fluctuations throughout February, with an initial downward trend followed by an uptick mid-month due to colder weather forecasts and temporary supply concerns.

Highest Price : 145.30p/th (11 February)
Lowest Price : 100.05p/th (27 February)
February Average : 124.39p/th (+1.24% vs. January)

Key Drivers Behind Gas Prices

Weather & Demand Trends:

Milder-than-expected temperatures early in the month led to reduced gas demand.
A mid-month cold snap increased consumption, pushing prices higher.

Supply & LNG Arrivals:

LNG sendout remained strong, with consistent shipments supporting the market.
Norwegian flows fluctuated due to maintenance, briefly tightening supply mid-month.

Geopolitical Influence:

Tensions in Ukraine impacted global energy supply expectations.
The Red Sea shipping disruptions briefly raised concerns about LNG cargo arrivals.

Best Time to Lock in Contracts?

With March forecasts predicting mild temperatures and stable LNG arrivals , businesses should monitor market movements. If gas prices remain stable in early March, this could be a strategic window to secure a contract before potential volatility in Q2.

UK Electricity Prices Drop 13.3% – What This Means for Businesses

Electricity Price Movements in February

Electricity prices were volatile, but overall, the average dropped significantly compared to January due to improved renewable output.

Highest Price : 129.50/MWh (13 February)
Lowest Price : 69.87/MWh (24 February)
February Average : 107.74/MWh (-13.3% vs. January)

Key Drivers Behind Power Prices

Renewable Generation:

Strong wind generation helped stabilise prices for most of the month.
Lower wind speeds in mid-February led to temporary price spikes as reliance on gas-fired power increased.

Gas-for-Power Demand:

Lower gas prices towards the end of February contributed to reduced electricity costs.
A brief period of higher gas-for-power demand in mid-month coincided with colder temperatures and reduced wind output.

Weather & Consumption:

Milder temperatures in the latter part of February reduced electricity demand.
Increased solar output provided additional downward pressure on prices.

What Businesses Should Do Now

With electricity prices 13.3% lower than January , this could be a good time to review current energy contracts and explore options for locking in a lower rate before demand increases in the summer months.

Monthly Price Movements – Gas & Electricity

To illustrate how wholesale prices fluctuated throughout the month, here’s a graph of February’s daily gas and power prices:

�� Significant mid-month price spikes for both gas and electricity.
�� Sharp electricity price decline towards the end of February.
�� Correlation between gas and power market trends, particularly during colder periods.

Oil Market Overview

Oil Price Trends in February

Oil prices moved within a broad range throughout the month due to geopolitical and economic influences.

Highest Price : $76.48 per barrel (21 February)
Lowest Price : $68.62 per barrel (27 February)
February Average : $72.89 per barrel

Key Drivers Behind Oil Prices

✔️ Geopolitical Events: Sanctions on Russian and Iranian oil exports created uncertainty in global supply chains.

✔️ Market Policies: OPEC+ maintained steady production levels, preventing dramatic price swings.

✔️ Global Demand: Mixed economic signals from China and the U.S. influenced investor confidence in oil markets.

Wholesale Energy Prices Over the Last 12 Months – Insights for 2025

The UK energy market has experienced significant fluctuations over the past 12 months. The graph below illustrates long-term trends in wholesale gas (grey line) and electricity (blue line) prices:

�� Electricity prices peaked in December but showed stability in late February.
�� Gas prices trended upwards through early winter but showed signs of recovery.
�� Signs of market stabilisation suggest potential price corrections ahead.

Looking Ahead: March 2025 Forecast

As we move into March 2025, businesses should prepare for potential market shifts based on the following:

✔️ Weather Expectations:

Forecasts indicate continued mild conditions, which may help keep gas and electricity prices stable.
Wind generation is expected to remain strong, reducing reliance on gas-fired power.

✔️ Supply & Demand Factors:

LNG arrivals are forecasted to remain steady.
Norwegian supply stability will be crucial in maintaining balanced prices.

✔️ Geopolitical & Policy Influences:

Ongoing U.S. sanctions and potential energy policy shifts may impact oil and gas markets.
The resolution of Red Sea shipping disruptions could ease supply constraints.

Final Advice for Businesses

If you haven’t reviewed your energy contract yet, now may be a good time to secure a competitive rate before potential price swings in Q2.

Why Choose The Smart Energy Company?

With energy markets fluctuating daily, knowing when to renew or switch suppliers is key. At The Smart Energy Company, we help businesses secure the right contract at the right time—without the hassle of navigating volatile markets alone.

✅ Real-time market updates and expert analysis.
✅ Tailored procurement solutions to secure competitive rates.
✅ Proactive contract management to optimise savings.

�� Get ahead of the market today!

Conclusion

February 2025 highlighted the importance of tracking energy market trends to make informed procurement decisions. By monitoring key drivers such as weather patterns, supply dynamics, and geopolitical risks, businesses can better navigate market volatility.

�� Want personalised insights on when to secure your next contract? Get in touch today for a no-obligation review of your business energy rates.

Need Tailored Advice for Your Business?

Contact us today at 0151 459 3388 or request your free energy quote and stabilise your energy costs. At Smart Energy Company, we specialise in finding the best utility contracts for your business, ensuring you never miss a renewal and always get the best deals.

Pass-Through vs Fully Fixed Energy Contracts: Which is Best for Your Business?

tom@smart-energy.uk (Thomas McGlynn) — Fri, 28 Feb 2025 15:05:49 GMT

Understanding the Difference Between Pass-Through and Fully Fixed Contracts

Choosing the right electricity contract for your business can be challenging. With over 150 different contract types available in the UK, understanding the differences between Pass-Through and Fully Fixed energy contracts is essential. What may seem like the cheaper option upfront could turn out to be more expensive in the long run.

This guide will break down both contract types, explaining their benefits, risks, and how they impact your business costs, making it easier for you to decide which is best suited for your needs.

Understanding Non-Commodity Costs (NCCs)

Before we dive into contract types, it's important to understand Non-Commodity Costs (NCCs) . Your electricity bill consists of:

Commodity Costs – The actual cost of the electricity you use.
Non-Commodity Costs (NCCs) – Transmission, distribution, government levies, and environmental charges, which make up over 35% of electricity costs and nearly 15% of gas bills .

These NCCs fluctuate annually, varying by location, meter type, and supplier , adding uncertainty to Pass-Through contracts.

What is a Pass-Through Contract?

A Pass-Through contract separates your energy bill into two parts:

Fixed Energy Cost – The actual electricity price per kWh.
Variable NCCs – These are charged at cost and fluctuate over time.

Benefits of a Pass-Through Contract

✔ Potential Cost Savings – If NCCs decrease, businesses benefit from lower rates. ✔ Transparency – Detailed cost breakdown for better tracking. ✔ Flexibility – Larger businesses with Half Hourly meters can adjust usage to avoid peak costs.

Risks of a Pass-Through Contract

❌ Budget Uncertainty – Costs change yearly, making financial planning harder. ❌ More Administrative Work – Monitoring fluctuating costs requires attention. ❌ Triad Charges Exposure – Businesses may face high winter peak charges if they don’t actively manage energy use.

Pass-Through Cost Breakdown (2024/25 Estimates)

Real-World Example

A recent client signed a Pass-Through contract with:

Day Rate: 19.4571 p/kWh
Night Rate: 16.8585 p/kWh
Standing Charge: 0.00 p/day

Once NCCs were added, the real cost jumped to 31.3571 p/kWh (Day) and 28.7585 p/kWh (Night) , significantly impacting their overall expenditure.

What is a Fully Fixed Contract?

A Fully Fixed contract locks in both the electricity cost and NCCs for the duration of the contract, providing budget certainty.

Benefits of a Fully Fixed Contract

✔ Predictable Costs – No surprises; you know what you'll pay. ✔ Lower Risk – Protection from NCC increases. ✔ Ease of Administration – No need to monitor fluctuating charges.

Risks of a Fully Fixed Contract

❌ Potentially Higher Upfront Costs – Suppliers include a risk premium. ❌ No Benefit from Falling NCCs – You won’t save if NCCs drop. ❌ Less Flexibility – No ability to adjust costs by shifting usage.

Pass-Through vs Fully Fixed: A Direct Comparison

Final Thoughts: Which Contract is Right for You?

✔ If you’re risk-averse and want budget certainty , a Fully Fixed contract is the safer choice. ✔ If you’re willing to monitor and manage usage , a Pass-Through contract could save you money. ✔ Understanding supplier contracts is crucial , as definitions of ‘fixed’ and ‘pass-through’ can vary. ✔ If you're considering a Pass-Through contract , ensure you have the capability to adjust your energy consumption to avoid peak costs .

Need help deciding? Get in touch with Smart Energy Company for expert advice and tailored energy solutions!

Energy Broker Scams: How Businesses Are Trapped in Unfair Contracts

tom@smart-energy.uk (Thomas McGlynn) — Wed, 26 Feb 2025 11:48:51 GMT

The Hidden Dangers of Bad Energy Broker Practices & Verbal Contracts

The energy brokerage sector has, for years, been plagued by rogue brokers whose primary goal is to secure quick commissions at the expense of businesses. These so-called ‘cowboy’ brokers often use misleading tactics to sign clients into contracts that are not in their best interests. One of the most concerning tactics is the use of verbal contracts, where conversations are manipulated to falsely bind businesses into long-term agreements.

The Risks of Verbal Contracts & Misrepresentation

One of the most common complaints against bad brokers is the manipulation of verbal confirmations. Many businesses have reported brokers falsely editing call recordings, snipping parts of conversations where a client says ‘yes’ and inserting it into an entirely different agreement to make it seem as though they consented to a contract. Once this is done, the broker claims the business is legally bound to an energy contract they never truly agreed to.

BES Utilities (now rebranded as Ruby Energy) is an example of a company that was fined by Ofgem for malpractice related to mis-sold contracts. However, they are far from the only company to use these tactics. In fact, the former owner of BES Utilities was jailed for fraud , revealing deeper issues within the industry. You can read more about this in our blog: BES Utilities Owner Jailed for Fraud – The Dark Secrets of BES Utilities Exposed .

A recent discussion on a Facebook forum highlighted how some businesses have reported issues with certain brokers, particularly concerns about unexpected contract renewals and difficulties in leaving contracts. Several users shared experiences where they claimed they never received renewal notices, only to find themselves tied into expensive, long-term contracts. These concerns have led to increased frustration for business owners struggling with rising costs.

The Issue with Letters of Authority (LOAs)

Another key concern is the use of Letters of Authority (LOAs). While an LOA is meant to allow a broker to manage energy procurement on a client’s behalf, some brokers abuse this power by inserting terms that allow them to renew contracts without the client’s knowledge. This means businesses may find themselves locked into expensive, unfavourable deals without ever reviewing their options.

Some brokers have faced criticism from businesses who were automatically renewed into contracts without their consent, simply because they had signed an LOA years prior. Many business owners only discover the issue when it is too late, as energy suppliers refuse to cancel contracts initiated through a broker.

How to Protect Your Business from Bad Brokers

To ensure your business is protected from these unethical practices, follow these key steps:

Never Agree to a Verbal Contract – If an energy broker insists that verbal agreements are legally binding, walk away. Always request a written contract and review it thoroughly before signing.
Only Sign Contracts via Secure Platforms – Platforms like DocuSign and HelloSign provide a digital trail that cannot be tampered with. These platforms track the IP address, timestamp, and signing details, ensuring transparency and security.
Request Full Terms & Conditions – Before agreeing to any contract, make sure you receive a full copy of the terms and conditions. A trustworthy broker will always provide these upfront.
Check LOA Terms Carefully – If a broker asks you to sign an LOA, read the fine print carefully. Ensure that it does not allow automatic renewals or authorise the broker to act on your behalf beyond what is necessary. If it does, you are within your right to ask them to change it to only give them access to what you feel comfortable with.
Research the Broker’s Reputation – Before working with any broker, check their reviews on platforms like Trustpilot and online forums. If there are multiple complaints of businesses being signed up without consent, take that as a red flag.

Why Choose Smart Energy Company?

At Smart Energy Company , we operate with transparency and integrity. Unlike many brokers in the industry, we only use DocuSign for contract agreements, ensuring that every client receives a secure, verifiable copy of their signed contract.

Additionally, we never engage in auto-renewals or misleading LOAs. Instead, we work closely with our clients to review their energy needs and secure the best deal based on live market conditions. Our commitment to honesty and client-first service is reflected in our 100% 5-star reviews on Trustpilot .

Final Thoughts

Bad broker practices have harmed countless businesses, locking them into contracts they never agreed to or automatically renewing them into overpriced deals. The best way to protect your business is to be vigilant, demand written agreements, and work with reputable brokers who prioritise your interests over commissions.

If you’re looking for a trusted, transparent , and client-focused energy broker, get in touch with us today for a free energy review. Don’t let bad brokers take advantage of your business—work with a team you can trust.

Disclaimer: This article is based on publicly available reports and customer experiences. Businesses should conduct their own due diligence before entering into energy contracts.

Energy Prices Rising 6.4% in April – Does Your Business Need to Act?

tom@smart-energy.uk (Thomas McGlynn) — Mon, 24 Feb 2025 13:58:15 GMT

Price Cap to Rise by 6.4% in April – How Does This Affect Your Business?

IT DOESN’T!

You may well be aware now of Ofgem’s plan to increase the price cap in April by 6.4% and have thought, should I lock in my business energy contracts now? The answer is simple—this only applies to residential contracts .

Business energy is subject to the LIVE wholesale market , meaning prices change in real time based on market fluctuations. If wholesale prices drop, businesses can take advantage of lower rates immediately.

Residential energy prices, on the other hand, are reviewed retrospectively every quarter . The price cap is based on the average wholesale costs from the previous three months, meaning residential rates do not react instantly to market changes. Since wholesale prices increased on average over the last quarter compared to the previous one, the residential price cap has now increased by 6.4% . If wholesale markets start to decline, business energy rates can follow suit immediately, while residential rates won't reflect these changes until the next quarterly review.

Don’t Fall for Broker Scare Tactics –

Track the Market Yourself

�� Sign up for your energy market updates and make informed decisions based on facts, not fear.

Do Business Energy Prices Follow Residential Price Cap Changes?

Many businesses search online for "Are business energy prices going up in April?" and may come across misleading information suggesting that business energy prices will rise due to the price cap . This is incorrect. The Ofgem price cap only applies to residential energy , meaning business energy prices are not regulated in the same way .

While some non-capacity costs (such as standing charges) may increase around April , your actual unit rate is dictated by the wholesale market . If wholesale prices drop, your business energy rates could stay the same or even decrease , despite residential price hikes.

Unfortunately, some brokers use this confusion as a scare tactic—telling businesses they need to lock in now because prices are "definitely going up." In reality, the only predictable factor for business energy pricing is market movement.

Residential vs. Business Energy: The Key Differences

Residential Energy Pricing

Governed by the Ofgem price cap , which limits the amount suppliers can charge per unit of energy.
The price cap is reviewed every three months , meaning prices can go up or down at set intervals.
Consumers are protected from extreme wholesale market fluctuations.

Business Energy Pricing

Not subject to a price cap—rates are driven by the live wholesale energy market.
Businesses either lock in fixed contracts (for a set period) or remain on variable or out-of-contract rates.
Prices change daily based on wholesale costs, supply and demand, and government levies.

What’s Actually Changing for Businesses in April?

While wholesale prices are unpredictable, there is one upcoming charge that will impact business customers:

➡️ The EII Nuclear Construction Charge (Effective April 2025)

This new levy will increase business energy bills to help fund nuclear power construction. You can read more about it here: EII Nuclear Construction Charge Business Impact.

How Businesses Should Approach Energy Contracts

Rather than worrying about residential price cap updates, businesses should:

✅ Ignore misleading broker tactics —business prices are not tied to the price cap.

✅ Monitor wholesale market trends , not price cap announcements.

✅ Work with a trusted broker who provides transparent market insights—not scare tactics.

✅ Consider contract timing carefully —lock in when market conditions are favourable.

✅ Stay informed about upcoming charges (like the EII charge) that could impact costs

Final Thoughts

If you’re a business owner, don’t be misled by brokers claiming that the 6.4% price cap increase in April affects your rates —it doesn’t. Business energy prices are dictated by the wholesale market , not the price cap. Make informed decisions based on real market conditions, not media headlines.

If you need expert guidance, Smart Energy Company is here to help you navigate the wholesale market and find the right energy contract for your business.

Need advice on your next renewal? Get in touch with us today!

Weekly Energy Market Update: 17th - 21st February 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 24 Feb 2025 10:22:53 GMT

Market Overview: Energy Prices Drop – Is Now the Time to Fix?

Good news for businesses – gas and electricity prices have fallen sharply this week due to lower demand, milder weather, and strong supply.

The big question is: Will prices stay low, or is this just a temporary dip? Here’s what you need to know to make the right decision for your next energy contract.

A Quick Look at This Week’s Energy Market

�� Gas prices: 117.62p/therm (down 17.5% from last week’s 138.53p/therm)
�� Electricity prices: £97.14/MWh (down 22.3% from last week’s £125.03/MWh)

�� Why have prices dropped?

Milder weather → Lower demand for heating.
Strong wind power → Less need for gas-fired electricity.
Stable supply → LNG shipments and Norwegian gas flows have remained strong.
Talks of a Russia-Ukraine peace deal → Eased concerns over global supply disruption.

Despite these price drops, markets remain unpredictable , so it's crucial to keep a close eye on the trends.

What This Means for Your Business

�� If your contract is ending soon (next 3 months):
→ Now could be a great time to lock in rates before prices rise again .

�� If your contract ends later in 2025:
→ Keep monitoring the market. Prices may stay low, but unexpected events could cause a spike . We can track prices for you and notify you when it’s the best time to renew.

⚠️ If you’re currently out of contract:
→ You’re likely paying far higher rates than a fixed contract. The sooner you switch, the more you could save.

What’s Likely to Happen Next? (Market Forecast: 26th Feb - 1st March 2025)

�� Gas prices: Could remain low if mild weather continues, but sudden supply issues could cause a rebound.

�� Electricity prices: May stay below £100/MWh if wind power remains strong.

⚠️ Biggest risk? A sudden cold snap or supply disruption could quickly push prices back up.

Markets react quickly to global events , so waiting too long could be a risk.

Oil Market Update

Oil prices have also been volatile, driven by geopolitical tensions and shifting supply concerns.

�� Brent crude: £76.48/barrel (up slightly from last week)
�� WTI crude: £72.57/barrel

�� Key factors affecting oil prices:

✔️ Russia-Ukraine peace talks → Could ease supply concerns and stabilise prices.
✔️ U.S. tariffs on energy imports → May impact oil flow and prices in the coming months.
✔️ OPEC+ decisions → Any changes in production targets could shift the market.

�� Why does oil matter?

Oil prices impact transportation, manufacturing, and even gas and electricity costs. Keeping an eye on oil trends can help businesses prepare for future energy price movements.

12-Month Energy Market Trends

Looking at the past year, energy prices have been highly unpredictable .

�� Key trends:

✔️ Gas prices have dropped from last year’s highs but are still higher than pre-2022 levels.
✔️ Electricity prices have remained above £100/MWh for most of the year.
✔️ Periods of lower wind generation and supply disruptions have caused sudden price spikes.

�� What this means for your business:

Even though prices are lower now, they can rise suddenly . Securing a fixed contract while prices are down could be a smart move.

(See the attached 12-month market graph for a full breakdown of movements.)

Next Steps: What Should You Do Now?

�� Contact us today to discuss your energy contract options and secure your business against further price increases.

Final Thoughts

Energy prices have dropped this week, but the market remains unpredictable.

❓ Not sure whether to renew now or wait?
We offer a no-obligation review to help you make the best decision for your business.

�� Get in touch today to explore your options and ensure your business is on the best possible energy contract.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

Weekly Energy Market Update: 10th - 14th February 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 17 Feb 2025 10:01:24 GMT

Market Overview: Another Volatile Week as Gas Prices Surge Again

Weekly Energy Market Update: 3rd - 7th February 2025

A Quick Look at This Week’s Energy Market

Gas prices: 138.53 p/therm (up from 133.92 last week, a 3.4% increase)
Electricity prices: £125.03 / MWh (up from £115.34 last week, an 8.4% increase)

Gas prices continued their upward trend, reaching new highs as colder weather increased demand and supply issues added pressure. Electricity prices also climbed, driven by lower wind generation and a higher reliance on gas-fired power.

Why Are Prices Rising?

Colder temperatures increased gas demand and limited storage withdrawals.
Lower wind speeds led to more gas-fired power generation, raising electricity costs.
Supply constraints included Norwegian pipeline outages and fluctuating LNG sendouts.
Geopolitical instability added uncertainty, influencing global energy markets.

But the big question is—should you lock in your next energy contract now, or wait?

Should You Lock In Your Next Energy Contract?

�� If your contract is ending in the next 3 months → Now is a good time to consider fixing your rates. Prices are still volatile, and waiting could lead to higher costs.

�� If your contract isn’t due until later in 2025 → Monitoring the market is key. Some forecasts suggest potential dips later in the year, but uncertainty remains high.

❗ If you’re currently out of contract → Act fast. Act quickly. Out-of-contract rates are significantly higher, and delaying could result in rising costs.

What’s Likely to Happen Next? (Market Forecast for 17th - 21st February 2025)

�� Gas prices may remain elevated due to continued cold weather and potential supply issues.

⚡ Electricity prices could fluctuate depending on wind output. If wind generation improves, prices may stabilise.

�� Geopolitical uncertainty remain a key factor, with potential disruptions in gas supply from Norway and ongoing global tensions.

Biggest Risk? Uncertainty.

The market remains highly reactive to supply disruptions and global events, making it difficult to predict price movements with certainty.

Oil Market Update

Oil prices have shown volatility due to geopolitical developments and economic concerns.

�� Brent crude: £75.02/barrel (down slightly this week)
�� WTI crude: £71.20/barrel

�� Key factors affecting oil prices:

✔️ US tariffs on energy imports could disrupt supply chains and impact global pricing.
✔️ OPEC+ productions decision will play a crucial role in setting future oil prices.
✔️ Economic uncertainty in China and the US continues to influence global demand.

�� Why does oil matter? Oil price movements impact gas and electricity prices, influencing overall energy costs for businesses.

12-Month Energy Market Trends

�� Looking at the past year, market volatility remains a key theme.

�� Key trends from the past 12 months:

✔️ Gas prices were as low as 70 p/therm last summer but are now over 138 p/therm.
✔️ Electricity prices have consistently remained above £100/MWh in recent months.
✔️ Pricing spikes occurred due to lower wind generation and supply constraints.

�� What this means:

Prices remain well above last year’s lows. If this trend continues, locking in a fixed rate now could help mitigate the risk of future increases.

(See the attached 12-month market graph for a full breakdown of movements.)

Next Steps: What Should You Do Now?

✔️ Send us your latest bill – we’ll review your options and see if fixing now makes sense.
✔️ Not ready to switch? Let us track the market for you – we’ll alert you when prices move in your favour.
✔️ Get expert guidance – we work with over 28 suppliers to find the best deal for your business.

�� Contact us today to discuss your energy contract options and secure your business against further price increases.

Final Thoughts

Energy prices remain volatile, with both gas and electricity costs climbing. While short-term fluctuations may occur, the longer-term trend suggests continued uncertainty.

If you’re unsure whether now is the right time to renew, Smart Energy Company offers a no-obligation energy review to help you make an informed decision.

�� Get in touch today to explore your options and ensure your business is on the best possible energy contract.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

Ofgem Closes Investigation into Drax Power – What It Means for Business Energy Customers

tom@smart-energy.uk (Thomas McGlynn) — Fri, 14 Feb 2025 11:42:42 GMT

Ofgem Closes Investigation into Drax Power Limited

On 29 August 2024, Ofgem announced the closure of its investigation into Drax Power Limited (“Drax”) concerning its compliance with reporting requirements under the Renewables Obligation (“RO”) scheme. This follows an in-depth review into Drax’s data governance and controls relating to its annual profiling submissions.

Background of the Investigation

The investigation, launched on 31 May 2023, focused on whether Drax had breached its obligations under the Renewables Obligation Order 2015 (“ROO”). Specifically, Ofgem examined the company’s governance and internal controls for reporting profiling data.

The inquiry identified several key issues, including:

Misreporting profiling data in Drax’s submission for the compliance period 1 April 2021 – 31 March 2022 (“CP20”).
Insufficient Evidence to demonstrate how its CP20 profiling submission was calculated and to support the accuracy of forestry type and sawlog reporting for Canadian consignments.

Findings and Remedial Actions

Drax has engaged constructively with Ofgem throughout the investigation and has taken several corrective measures, including:

Accepting the investigation’s findings.

Making a £25 million payment to Ofgem’s Energy Industry Voluntary Redress Fund.

Agreeing to re-report its CP20 profiling submission regarding forestry type and sawlog proportions.

Updating its internal policies and procedures on data profiling under the RO scheme.

Commissioning an independent audit of its profiling data from its international supply chain for the compliance period 1 April 2023 – 31 March 2024 (CP22). This audit will cover 98% of Drax’s supply chain, with Ofgem overseeing its implementation and findings being made public.

Impact on Energy Consumers and the Industry

Ofgem has confirmed that the investigation did not uncover any evidence of incorrectly issued Renewable Obligation Certificates (ROCs) or that Drax failed to meet the government’s requirement that at least 70% of biomass must come from sustainable sources.

However, Ofgem Chief Executive Jonathan Brearley underscored the importance of compliance:

“There are no excuses for Drax’s admission that it did not comply with its mandatory requirement to give Ofgem accurate and robust data on the exact types of Canadian wood it utilises. The legislation is clear about Drax’s obligations – that’s why we took tough action.”

This case highlights the necessity for rigorous data governance and transparency, particularly for companies receiving substantial public subsidies.

What This Means for Business Energy Buyers

For businesses operating in the energy sector, this investigation reinforces the need for transparency and due diligence when engaging with suppliers. At Smart Energy Company, we provide businesses with expert guidance on navigating the complexities of energy procurement and ensuring compliance with industry regulations.

By working with us, your business can benefit from:

Reliable market insights to help make informed energy procurement decisions.

Regulatory expertise to avoid compliance pitfalls.

Tailored energy solutions designed to ensure cost efficiency and sustainability.

If you want to secure a more transparent, cost-effective energy contract, contact Smart Energy Company today for a free consultation and energy review.

Looking Ahead

While Ofgem has concluded this investigation, it will continue to oversee Drax’s compliance with its updated policies and the independent audit process. The findings of this audit will be published to maintain industry-wide transparency.

For the full Ofgem case closure statement, visit: Ofgem website.

Empower Your Business with Smart Energy Solutions

Take Control of Your Energy Costs Today

Don’t let energy contract uncertainty impact your business. Get a free, no-obligation energy review from Smart Energy Company today. Our experts will help you secure competitive rates and ensure compliance with the latest regulations. �� Request a quote now or call us at 0151 459 3388 to discuss your energy needs!

Ofgem Closes Investigation into Maxen Power – What It Means for Business Energy Customers

tom@smart-energy.uk (Thomas McGlynn) — Thu, 13 Feb 2025 13:25:23 GMT

Ofgem Closes Investigation into Maxen Power Supply Limited

On 5 December 2024, Ofgem announced the closure of its investigation into Maxen Power Supply Limited, following a detailed review of the company’s compliance with key Standard Licence Conditions (SLCs). This marks the conclusion of a regulatory probe initiated in November 2023 to assess whether Maxen Power had adhered to its obligations under its Gas and Electricity Supply Licences.

Background of the Investigation

The investigation was launched to examine Maxen Power’s compliance with SLCs 0A, 4A, 7A, 7.3, 14, and 14A. These conditions relate to:

Microbusiness customer service standards
Operational capability
Deemed contract terms
Customer supply procedures
Customer transfer policies

During the investigation, Ofgem identified significant concerns, particularly around Maxen Power’s Change of Tenancy (CoT) policy and the monitoring of Third-Party Intermediaries (TPIs) responsible for customer referrals. Consequently, on 10 May 2024, the Gas and Electricity Markets Authority issued a Provisional Order (PO), mandating Maxen Power to take corrective actions.

Corrective Measures and Compliance

Under the PO, Maxen Power was required to:

Implement policy and procedural changes
Commission an independent audit to assess compliance with SLCs 0A and 4A
Suspend all sales, marketing, and new customer acquisition activities

Maxen Power cooperated with Ofgem and worked towards rectifying the identified issues. As a result, the PO was revoked on 7 August 2024 after Ofgem determined that the company had taken adequate measures to comply with the relevant SLCs.

Findings and Outcomes

The investigation concluded that Maxen Power had contravened SLCs 0A, 4A, and 7.3. Additionally, it failed to report previous TPI infractions in a timely manner, breaching SLC 5A. However, there was insufficient evidence to confirm breaches of SLCs 7A, 14, and 14A.

As part of its response, Maxen Power has:

Accepted Ofgem’s findings
Submitted a voluntary redress payment of £1,650,000 to Ofgem’s Energy Industry Voluntary Redress Fund
Committed to updating its Deemed Rates policy
Amended contractual terms related to disconnection and reconnection charges

What This Means for Business Energy Customers

For businesses navigating the complexities of energy contracts, this investigation highlights the importance of working with trusted and transparent energy consultants. At Smart Energy Company, we help businesses secure the best energy deals while ensuring compliance with industry regulations.

By partnering with us, businesses can benefit from:

Market expertise: We monitor the energy market daily to provide insights into the best contract options.
Regulatory assurance: We work with suppliers who meet strict compliance standards to protect your business.
Bespoke energy solutions: We tailor energy contracts to suit your business needs, ensuring cost efficiency and long-term stability.

If you're concerned about your current energy contract or want to explore better options, get in touch with Smart Energy Company today. Our team is here to ensure you receive the best advice and competitive rates while staying compliant with industry regulations.

Ongoing Oversight and Consumer Protection

Ofgem has stated that it will continue monitoring the implementation of Maxen Power’s new policies and procedures to ensure full compliance. Dominic Alexander, Deputy Director of Enforcement at Ofgem, emphasised the regulator’s commitment to consumer protection:

"Our duty is to protect energy consumers, and we expect all suppliers to look out for their customers and treat them fairly."

The closure of this investigation serves as a reminder of the importance of regulatory compliance in the energy sector. It highlights the need for energy suppliers to prioritise transparency, fair practices, and accountability in their operations.

For further details, Ofgem’s full case closure statement is available here.

Empower Your Business with Smart Energy Solutions

Take Control of Your Energy Costs Today

Weekly Energy Market Update: 03rd - 07th February 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 10 Feb 2025 10:57:37 GMT

Market Overview: Volatility Continues as Gas Prices Hit Yearly Highs

Weekly Energy Market Update: 3rd - 7th February 2025

A Quick Look at This Week’s Energy Market

�� Gas prices: 133.92 p/therm (up from 127.25 last week, a 5.2% increase )
�� Electricity prices: £115.34 / MWh (up from £107.42 last week, a 7.4% increase )

Gas prices have reached their highest levels in months, while electricity costs remain well above £100/MWh.
Despite occasional dips, the overall trend is upward , and the energy market remains highly volatile.

Why Are Prices Rising?

Gas demand has gone up due to colder weather, and supply has been less reliable.
Electricity prices have risen as lower wind speeds meant more power had to come from gas-fired generation.
Geopolitical factors continue to add uncertainty , making markets more volatile.

But the big question is—should you lock in your next energy contract now, or wait?

Should You Lock In Your Next Energy Contract?

�� If your contract is ending in the next 3 months → Now is a good time to look at fixed deals. Prices are still rising, and with market uncertainty, securing a rate now could protect you from further increases.

�� If your contract isn’t due until later in 2025 → Monitor the market closely. Prices are climbing, but some forecasts suggest we could see a dip later in the year. We can track the market for you and alert you when the best time to switch comes.

❗ If you’re currently out of contract → Act fast. Out-of-contract rates are much higher than fixed rates, and the longer you wait, the more you could end up paying.

What’s Likely to Happen Next? (Market Forecast for 10th - 14th February 2025)

�� Gas prices could increase further if temperatures stay low and storage withdrawals continue.

⚡ Electricity prices may ease slightly if wind power output improves, but overall, costs are expected to stay above £110/MWh.

�� Geopolitical uncertainty remains a key risk—global events could push prices even higher.

Biggest Risk? Uncertainty.

Markets are reacting quickly to global events, making waiting a gamble.

Oil Market Update

Oil prices have also seen significant volatility over the past week due to political and economic uncertainty.

�� Brent crude: £74.29/barrel (down slightly this week)
�� WTI crude: £70.61/barrel

�� Key factors affecting oil prices:

✔️ US tariffs on energy imports could disrupt supply chains.
✔️ OPEC+ is expected to increase production in April, which could stabilise prices.
✔️ Global demand remains uncertain due to economic concerns in China and the US.

�� Why does oil matter? Oil prices can influence gas and electricity prices, as higher oil costs can push up overall energy costs.

12-Month Energy Market Trends

�� Looking at the past year, we’ve seen significant volatility. Gas and electricity prices dropped in mid-2024 but have steadily climbed back up.

�� Key trends from the past 12 months:

✔️ Gas prices were as low as 70 p/therm last summer but are now over 133 p/therm.
✔️ Electricity prices have consistently remained above £100/MWh in recent months.
✔️ Spikes in pricing occurred during periods of low wind generation and supply constraints.

�� What this means:

Prices are well above last year's lows and continue to fluctuate.
Businesses should be aware that locking in a rate now could help avoid further increases if this trend continues.

(See the attached 12-month market graph for a full breakdown of movements.)

Next Steps: What Should You Do Now?

�� Contact us today to discuss your energy contract options and secure your business against further price increases.

Final Thoughts

Energy prices have risen significantly over the past year, and while they may stabilise in the short term, the long-term trend is still uncertain.

If you’re unsure whether now is the right time to renew, Smart Energy Company can provide a no-obligation energy review to help you make an informed decision.

�� Get in touch today to explore your options and ensure your business is on the best possible energy contract.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

TEM Energy Out of Contract Rates – Effective 2025

tom@smart-energy.uk (Thomas McGlynn) — Fri, 07 Feb 2025 10:14:27 GMT

Avoid High Out of Contract Rates with TEM Energy

When your TEM Energy contract ends and you haven’t renewed or switched to a new supplier, you’ll automatically be placed on Out of Contract (OOC) rates. These rates are significantly higher than your previous contracted rates because your energy is no longer sourced through TEM’s renewable energy network (RED) —instead, it is purchased from the wholesale market at variable costs.

To avoid these high rates , it’s essential to renew your contract before your end date . Below, we break down the latest out of contract electricity rates and what they include.

�� TEM Energy Out of Contract Rates

�� Out of Contract Electricity Rates

Breakdown of Additional Charges:

Transmission Network Use of System (TNUoS): Covers maintenance of the national grid.

Climate Change Levy (CCL): Government-imposed environmental tax.

Capacity Charge (HH Meters Only): Based on your maximum electricity demand.

Excess Capacity Charge: If your electricity usage exceeds the agreed limit.

Metering Costs: Covering maintenance and administration.

�� Why Avoid TEM Energy’s Out of Contract Rates?

Staying on TEM Energy's Out of Contract Rates can lead to:

Much Higher Costs – OOC rates are significantly higher than fixed-term contracts.
No Renewable Matching – You are no longer connected to TEM’s RED network for fair, affordable pricing.
Unpredictable Pricing – Charges are based on wholesale energy market fluctuations.
Additional Fees – Industry and government-related fees are passed through, increasing costs.

��How The Smart Energy Company Can Help

We specialise in helping businesses avoid excessive out-of-contract rates by securing competitive fixed-term agreements.

Here’s how we can assist:

Market Comparison – We compare rates from 25+ trusted suppliers to find tailored, cost-effective options.

Hassle-Free Switching – We handle the entire process, ensuring a smooth transition.

Proactive Management – Avoid rolling onto VBR again—our team monitors your contracts and market conditions.

FAQs About TEM Energy’s Out of Contract Rates

��Take Action Today

Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.

Contact us today for a free, no-obligation quote:

Call us : 0151 459 3388

Email us : info@smart-energy.uk

Get a quote online :

Utilita Business Variable Rates – Effective 1 February 2025

tom@smart-energy.uk (Thomas McGlynn) — Tue, 04 Feb 2025 14:06:21 GMT

Avoid High Out of Contract Rates with Utilita Energy

If you’re a Utilita business customer without a Fixed Price Energy Plan , you’ll automatically be placed on Business Variable Rates. This applies if:

You haven’t agreed to a new contract.

You moved into a property supplied by Utilita but haven’t signed a contract.

Your previous pricing agreement expired, and no renewal was arranged.

Utilita was appointed as your supplier by Ofgem’s Supplier of Last Resort scheme.

From 1st February 2025 , the following out of contract rates will apply. Prices exclude VAT and the Climate Change Levy (CCL).

�� Utilita Business Electricity Rates (Non-Half Hourly)

�� Utilita Business Gas Variable Rates

These rates apply for all gas customers on Out of Contract rates:

Electricity Variable Rates – Effective 1 February 2025

✅ How to read this table:

The Single Rate column is for customers on a flat-rate tariff.

The Day/Night Rate column shows pricing for customers on a Two-Rate Tariff.

The Three-Rate Tariff includes Day, Evening, and Night rates.

��Why Avoid Utilita’s Business Variable Rates?

Staying on Utilita’s Business Variable Rates can lead to:

Higher Energy Bills – Electricity rates up to 31.1p/kWh and gas rates of 10.4p/kWh with standing charges of £1.15/day can quickly inflate your costs.
Unpredictable Pricing – Variable rates fluctuate and offer no pricing stability.
Missed Opportunities for Savings – Fixed-term agreements provide better value and predictability.

��How The Smart Energy Company Can Help

We specialise in helping businesses avoid excessive out-of-contract rates by securing competitive fixed-term agreements.

Here’s how we can assist:

Market Comparison – We compare rates from 25+ trusted suppliers to find tailored, cost-effective options.

Hassle-Free Switching – We handle the entire process, ensuring a smooth transition.

Proactive Management – Avoid rolling onto VBR again—our team monitors your contracts and market conditions.

FAQs About Utilita Business Variable Rates

��Take Action Today

Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.

Contact us today for a free, no-obligation quote:

Call us : 0151 459 3388

Email us : info@smart-energy.uk

Get a quote online :

January 2025 UK Energy Market Trends: Gas, Power, and Oil

tom@smart-energy.uk (Thomas McGlynn) — Mon, 03 Feb 2025 12:25:42 GMT

January 2024 UK Energy Market Trends: Gas, Power, and Oil

January 2025 brought volatile energy prices across the UK, driven by fluctuating demand, supply concerns, and geopolitical uncertainty. While gas and electricity prices initially spiked due to colder weather, a shift in forecasts and stable supply helped bring some balance to the market.

This report breaks down the key trends in gas, power, and oil markets, comparing them to December’s figures and looking ahead to February.

Key Highlights for January 2025

Gas Prices: Averaged 122.86p/th , a 11.07% increase from December’s 110.61p/th. Cold weather and lower wind generation led to stronger demand.

Electricity Prices: Averaged 124.35/MWh , rising 19.72% from December’s 103.87/MWh, driven by intermittent renewable output and a mid-month price spike.

Oil Prices: Brent crude traded between $72 and $81 per barrel, with markets reacting to sanctions on Russian oil, U.S. economic policies, and China’s demand outlook.

Gas Market Overview

Gas Price Movements in January

Gas prices rose significantly compared to December, reflecting higher demand during cold spells and geopolitical concerns affecting supply chains. However, increased LNG arrivals and strong Norwegian imports helped stabilise the market towards the end of the month.

�� Highest Price: 133.90p/th (31 January)
�� Lowest Price: 114.50p/th (13 January)
�� January Average: 122.86p/th ( +10.07% vs. December )

Key Drivers Behind Gas Prices

Cold Weather Impact:

Early January saw freezing temperatures, driving up heating demand and increasing gas-for-power generation .
Mid-month forecasts indicated milder conditions , easing price pressures.

Supply & LNG Arrivals:

LNG deliveries remained strong , preventing supply shortages.
Norwegian imports remained robust , despite occasional outages at key fields.

Geopolitical Factors:

Russian LNG export disruptions and discussions about further sanctions from the EU and U.S. created market uncertainty.
Colder conditions in the U.S. led to supply tightness, impacting global LNG prices.

Power Market Overview

Electricity Price Movements in January

Electricity prices fluctuated throughout January, with notable spikes around mid-month due to weaker wind generation . The highest price reached £241.49/MWh on 22 January , reflecting tight supply conditions.

�� Highest Price: £241.49/MWh (22 January)
�� Lowest Price: £88.81/MWh (7 January)
�� January Average: £124.35/MWh ( +19.72% vs. December )

Key Drivers Behind Power Prices

Wind Generation Volatility:

Lower wind speeds mid-month increased reliance on gas-fired power , pushing prices up.
Wind output picked up later in the month , bringing prices back down.

Gas-for-Power Demand:

Higher gas prices led to expensive power generation , particularly in periods of low renewable output.

Colder Spells and Heating Demand:

Colder-than-expected weather in early and mid-January increased electricity consumption .

Monthly Price Movements – Gas & Electricity

To illustrate how wholesale prices fluctuated throughout the month, here’s a graph of January’s daily gas and power prices:

This visual representation highlights:

✅ Significant spikes in electricity prices mid-month.
✅ Gas price stability towards the end of January.
✅ The impact of cold spells and wind generation on market volatility .

Oil Market Overview

Oil Price Trends in January

Brent crude prices fluctuated between $72 and $81 per barrel , reacting to supply concerns and global economic policies.

�� Highest Price: $81.01 per barrel (14 January)
�� Lowest Price: $72.62 per barrel (30 January)
�� January Average: $76.50 per barrel

Key Drivers Behind Oil Prices

Sanctions on Russian Oil:

The U.S. expanded sanctions on Russian energy exports , disrupting some supply chains.
European buyers sought alternative suppliers , boosting demand for Middle Eastern oil.

China’s Economic Outlook:

Chinese economic stimulus plans provided some price support, though concerns over slowing industrial demand remained.

OPEC+ & U.S. Policies:

OPEC+ production levels remained stable, preventing sharp price swings.
President Trump’s energy policies created uncertainty about future U.S. oil production and tariffs.

12-Month Energy Market Trends

The energy market in 2024 and early 2025 has been marked by significant volatility . The graph below illustrates wholesale gas (grey line) and electricity (blue line) price trends over the past year .

This visual overview shows how seasonal demand , supply changes , and external factors have impacted prices.

Looking Ahead: February 2025 Forecast

As we move into February 2025 , businesses should prepare for potential market movements based on the following:

✔️ Weather Expectations:

February is expected to be milder than January , which could reduce gas demand.
However, intermittent wind generation may still impact electricity prices.

✔️ LNG & Norwegian Imports:

LNG deliveries remain strong , helping stabilise supply.
Norwegian flows are expected to remain high , barring any unexpected maintenance.

✔️ Geopolitical Risks:

Ongoing sanctions on Russian LNG and potential policy shifts in the U.S. could influence energy prices.

What this means for your business: Now is a crucial time to review energy contracts and explore procurement strategies before potential price swings later in Q1 2025.

Why Choose The Smart Energy Company?

Navigating the energy market can be challenging, especially with ongoing volatility. At The Smart Energy Company , we provide businesses with expert insights, tailored energy procurement solutions, and access to competitive rates.

Get ahead of the market today!

Sign up for monthly energy market reports to stay informed on the latest trends.
Request a free energy quote and see how much your business could save.

Conclusion

December 2024 highlighted the importance of understanding market trends to navigate energy price fluctuations effectively. By keeping an eye on key drivers such as weather, supply, and geopolitical developments, businesses can make informed decisions.

For personalised guidance and support, trust The Smart Energy Company to help your business thrive, no matter the market conditions.

Need Tailored Advice for Your Business?

Weekly Energy Market Update: 27th - 31st January 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 03 Feb 2025 11:31:41 GMT

Key Data at a Glance

Overview of the Energy Market Comparison

This week saw further market volatility, with gas prices rising by 0.8% and electricity prices falling by 25.5% from last week’s average. While gas prices remained elevated due to supply concerns, electricity prices declined as wind generation improved after last week’s surge. Geopolitical uncertainty, Norwegian supply disruptions, and fluctuating LNG arrivals continued to shape the energy landscape.

Gas Market Insights

Average Gas Price:

27th–31st January 2025: 127.25p/th
20th–24th January 2025: 126.25p/th
Change: +0.8%

Key Highlights:

Supply Disruptions & Storage Levels:
Medium storage levels fell to 22% , raising supply concerns early in the week.
Gullfaks' extended 13mcm/d outage pressured the market before resolving.
LNG Sendouts & Pipeline Flows:
LNG sendouts fluctuated, dropping by 11mcm/d before stabilising.
Norwegian pipeline flows increased, helping ease midweek supply constraints.
Demand Factors:
Lower wind output increased gas-for-power demand, especially midweek.
Colder temperatures in Europe added upward pressure to gas prices.

Daily Gas Market Movements:

Monday: Gas opened at 126.40p/th, rising on supply concerns.
Tuesday: Prices softened to 121.85p/th as supply stabilised and storage switched to injections.
Wednesday-Thursday: Prices rebounded to 131.00p/th as outages persisted and demand rose.
Friday: Gas hit 133.90p/th , its highest in two weeks, before settling slightly lower.

Electricity Market Insights

Average Electricity Price:

27th–31st January 2025: £107.42/MWh
20th–24th January 2025: £144.27/MWh
Change: -25.5%

Key Highlights:

Wind Generation & Demand Changes:
Stronger wind output helped reduce reliance on gas-fired power generation.
A mild weather forecast led to lower peak electricity demand.
Supply Side Stability:
UK nuclear output remained steady at 4.4GW , supporting baseload supply.
Norwegian pipeline flows and LNG arrivals helped maintain grid stability.
Volatility in Daily Prices:
Midweek volatility saw electricity prices spike to £241.49/MWh before dropping.
By Friday , prices stabilised at £130.70/MWh , reflecting improved renewable generation.

Daily Electricity Market Movements:

Monday: Prices started at £90.82/MWh, tracking stable gas markets.
Wednesday: A surge in gas-for-power demand pushed electricity to £241.49/MWh , the week’s peak.
Friday: Electricity settled at £130.70/MWh , supported by strong wind generation.

Oil Market Summary

Brent Crude Price:

27th–31st January 2025: $76.54/barrel
20th–24th January 2025: $78.29/barrel
Change: -2.2%

Key Highlights:

Trump’s Energy Policies:
Calls for increased U.S. domestic production pressured global oil prices.
Proposed 25% tariffs on Canadian and Mexican crude created uncertainty.
Supply & Demand Factors:
China’s weak economic data dampened global demand outlook.
U.S. crude stockpiles increased by 3.5 million barrels , adding bearish pressure.
Outlook:
OPEC+ meeting on 3rd February could bring new production adjustments .

12-Month Wholesale Market Trends

Understanding the Long-Term View

The graph below highlights how wholesale gas (grey line) and electricity (blue line) prices have fluctuated over the past year.

Key Trends:

Gas Prices: Remain elevated but show signs of stabilising.
Electricity Prices: Spiking during high gas demand periods but fluctuating with renewables.

What This Means for Businesses:

With prices still above long-term averages , businesses should monitor trends closely and consider securing contracts in advance.

Upcoming Week Forecast

Gas Market:

Mild Weather Expected: Reduced heating demand may limit price spikes.
LNG Arrivals: A steady flow of cargoes could help stabilise prices.

Electricity Market:

Higher Wind Output Forecast: Could lead to lower gas-for-power demand.
Industrial Demand: Expected to remain stable, keeping prices in check.

Oil Market:

OPEC+ Meeting on 3rd Feb: Could set the tone for near-term oil price movements.
Market Watching Trump’s Tariff Decisions: Potential volatility remains.

Recommendation: Is It the Right Time to Renew?

Gas Contracts:

Prices are stabilising but remain high.
Recommendation: If your renewal is in the next 6 months , consider fixing now before demand increases again.

Electricity Contracts:

Prices have softened but remain volatile.
Recommendation: Businesses with contracts ending in 2025 should start monitoring renewal options.

Fix Early for Better Rates:

You can secure your next fixed contract up to 12 months before your CED. This allows you to capitalise on market dips and avoid future price surges.

Key Takeaways for Businesses

Gas Prices: Stabilising but still high—monitor closely for renewal opportunities.

Electricity Prices: Dropped this week but remain volatile—timing is key.

Oil Prices: Slightly down—OPEC+ decisions may impact future costs.

Contact us today to discuss your energy strategy and secure the best rates for your business.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

Water Bills Rising by 26% – A Reminder for Businesses to Review Their Costs

tom@smart-energy.uk (Thomas McGlynn) — Fri, 31 Jan 2025 10:47:09 GMT

Are You Overpaying for Your Business Water Bills?

�� Water bills in England and Wales are set to rise by an average of £10 per month from April 2025 , marking a 26% increase on the previous year.

While this increase primarily affects households, it’s a stark reminder that businesses should also be reviewing their water contracts , as many are unknowingly overpaying.

What’s Changing?

Water companies say the increase is needed to fund record levels of investment , with £20 billion being spent in 2025-26 on:

✅ New reservoirs to secure water supplies
✅ Upgrades to wastewater treatment works
✅ Improvements to rivers and sewage networks

The regulator Ofwat has assured customers that companies will only be allowed to charge for essential new infrastructure and that bills will be reduced if targets aren’t met .

But for businesses—where costs can be significantly higher than residential customers—this serves as a timely prompt to review water contracts and explore potential savings.

Businesses Often Overlook Water as a Cost-Saving Opportunity

Many businesses actively monitor and switch energy suppliers but forget that water costs can also be reduced .

�� Did you know?

In England , since 2017 businesses can switch water suppliers to get a better deal.
In Scotland , businesses have been able to choose their water provider since 2008 —yet many haven’t reviewed their contracts in years.

For businesses already managing rising energy prices, higher wage costs, and changes to National Insurance Contributions , cutting unnecessary expenses where possible is more important than ever .

How Businesses Can Reduce Water Costs

✅ Check if you’re on the best rate
Many businesses don’t actively review their water contracts , meaning they could be paying more than necessary. We can help you assess your current rates and explore switching options.

✅ Fix leaks and reduce wastage
Leaks and inefficient water use can add hundreds or even thousands of pounds to business bills. Installing water-efficient taps, leak detection systems, or low-flush toilets can significantly cut costs .

✅ Consider a smart water meter
Smart meters provide real-time data on water usage, helping you identify inefficiencies and adjust usage patterns to lower bills.

✅ Negotiate a better deal
Just like with energy, you’re not stuck with your current water supplier . Switching could lead to significant savings over the course of a year.

What’s Next? Take Control of Your Water Costs

�� If you haven’t reviewed your business water rates in the last few years, now is the time to check. You could be paying far more than necessary , and switching or negotiating a better deal could free up valuable cash flow for your business.

�� Need help reviewing your water contract?

�� Get in touch for a free review and see how much your business could save.

FAQs

Final Thoughts

While water bills are increasing for households, this is a reminder that businesses should also be reviewing their water costs . Many businesses unknowingly overpay for water, but by switching suppliers or improving efficiency , they could make substantial savings .

�� Take action now and see how much you could save! Get in touch today.

Weekly Energy Market Update: 20th - 24th January 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 27 Jan 2025 09:45:06 GMT

Key Data at a Glance

Overview of the Energy Market Comparison

This week’s energy markets experienced significant movements, with both gas and electricity prices increasing sharply. Gas prices rose by 5.9% , driven by colder weather, weaker wind generation, and geopolitical uncertainty. Electricity prices spiked 25.9% , with fluctuations in wind output and a surge in gas-for-power demand contributing to volatility. Meanwhile, oil prices softened slightly as markets responded to policy changes under U.S. President Donald Trump’s administration.

Gas Market Insights

Average Gas Price:

20th–24th January 2025: 126.25p/th
13th–17th January 2025: 119.23p/th
Change: +5.9%

Gas prices rose steadily this week, driven by colder weather, tight supply balances, and interruptions at key facilities.

Key Highlights:

Demand Drivers:
A colder weather forecast increased residential and gas-for-power demand, particularly at the start of the week.
Wind generation was weaker, adding pressure on gas-fired power stations.

Supply Challenges:
Early-week interruptions at the Freeport LNG export facility in the U.S. temporarily tightened global LNG markets.
UK storage began net injections on Thursday for the first time this year, indicating a loosening balance in the coming days.

Geopolitical Tensions:
Concerns about Russian LNG exports, U.S. sanctions, and the impact of President Trump’s energy policies added some bullish sentiment.

Daily Movements:

Monday: Gas prices began at 123.35p/th, reflecting high demand and limited wind generation.

Tuesday: Prices spiked to 129.5p/th as colder weather in the U.S. affected LNG flows, keeping the market tight.

Thursday: Prices softened to 125.13p/th as Freeport flows resumed and storage injections began.

Electricity Market Insights

Average Electricity Price:

20th–24th January 2025: £144.27/MWh
13th–17th January 2025: £114.55/MWh
Change: +25.9%

Electricity prices rose sharply this week, with midweek volatility driving significant fluctuations due to reduced renewable generation and increased reliance on gas-fired power.

Key Highlights:

Wind Generation:
Wind output was lower than forecast early in the week, increasing demand for gas-fired power.
Later in the week, strong winds improved renewable output, easing some pressure on prices.

Demand Spikes:
Colder weather and weaker renewables on Tuesday caused electricity prices to surge to £241.49/MWh, the highest daily price of the week.
By Friday, electricity demand moderated, bringing prices down to £92.61/MWh.

Oil Market Summary

Brent Crude Price:

20th–24th January 2025: £78.29/barrel
13th–17th January 2025: £80.79/barrel
Change: -3.1%

Oil prices softened this week, driven by expectations of oversupply and uncertainty surrounding U.S. energy policy changes.

Key Highlights:

U.S. Sanctions:
Broader sanctions on Russian oil producers caused early-week volatility.

Trump’s Policies:
Announcements of tariffs and increased U.S. energy production weighed on prices midweek.

Global Demand:
Weaker economic activity and energy transitions in the U.S. and China contributed to bearish sentiment.

12-Month Wholesale Market Trends

Understanding the Long-Term View

The graph below highlights how wholesale gas (grey line) and electricity (blue line) prices have fluctuated over the past year.

Key Trends:

Gas Prices: Continued upward trend driven by colder weather and geopolitical uncertainty. Prices remain higher than the 12-month average.

Electricity Prices: Volatile, with spikes during low wind generation and colder periods. This week’s spike highlights the impact of extreme conditions.

What This Means for You:

With both gas and electricity prices remaining volatile, businesses should monitor market movements closely. You can secure your next fixed contract up to 12 months before your CED, giving you the flexibility to lock in favourable rates.

Upcoming Week Forecast

Gas Market:

Milder Weather Ahead: Temperatures are expected to rise, potentially reducing heating demand and easing prices slightly.

Loosening Balance: Increased storage injections and higher LNG arrivals could stabilise the market.

Electricity Market:

Improved Renewable Generation: Windier conditions forecast for next week may reduce reliance on gas-fired power.

Demand Moderation: Milder weather may ease overall electricity consumption, which could bring prices down.

Oil Market:

Potential Volatility: Continued uncertainty around U.S. policies and global demand could drive small fluctuations.

Recommendation: Is It the Right Time to Renew?

Gas Contracts:

Prices remain elevated due to tight balances but may ease with milder weather next week.
Recommendation: Monitor closely and consider renewing if further volatility arises.

Electricity Contracts:

Prices are volatile but could stabilise as wind generation improves.
Recommendation: If your CED is within 6 months, consider securing rates soon to avoid further spikes.

Fix Early for Better Rates:

Remember, you can secure your next fixed contract up to 12 months before your CED. Taking advantage of current market conditions ensures your business avoids future price uncertainty.

Key Takeaways for Businesses

Gas Prices: Higher due to weather and demand but may ease as storage injections increase.

Electricity Prices: Volatile, with midweek spikes highlighting the impact of renewable generation fluctuations.

Oil Prices: Stable but influenced by U.S. policies and global demand shifts.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

The Hospitality Sector Under Pressure: Rising Costs, Government Changes, and Energy Volatility

tom@smart-energy.uk (Thomas McGlynn) — Thu, 23 Jan 2025 09:49:00 GMT

Survival and Savings: Navigating Rising Costs in the Hospitality Industry

The UK’s hospitality sector is at a crossroads. Businesses are grappling with mounting financial pressures as rising operational costs collide with upcoming government changes. From Employer National Insurance Contributions (NICs) to the persistent volatility of energy prices, the sector faces tough decisions.

Now, more than ever, survival is about adaptability and finding innovative ways to manage costs. With energy bills often representing a significant share of expenses, reducing energy costs is one of the most effective ways to safeguard your business’s future.

The Hospitality Sector Under Pressure

From April 2025, changes to Employer NICs will see an additional £1 billion in costs added to the sector, as 774,000 more workers become eligible for contributions. For an industry already juggling rising wages and inflation, this marks yet another challenge for businesses working to maintain their margins.

Combined with the ongoing energy crisis—which has seen businesses pay electricity rates as high as 90p/kWh in 2022 —these costs are driving many operators to the brink. The result? A wave of closures, price increases, and heightened scrutiny from customers, who may not fully understand the pressures behind rising costs.

“Price Changes Are About Survival, Not Profit”

As one hospitality operator recently shared:

“It’s really disheartening having to see operators and frontline staff constantly justifying their pricing, dealing with complaints and reviews, and taking the blame for something that has been forced upon them.

Price changes are for survival, not profit. It’s about being a responsible business owner trying to create a sustainable operation, working to a workable gross profit, creating jobs, and adapting to the new economic environment. Otherwise, businesses won’t be here.”

This sentiment reflects the reality for so many in the industry today. Businesses are fighting to maintain quality and stay afloat while navigating a minefield of rising costs and changing expectations.

Energy Costs and the Hospitality Industry

For hospitality businesses, energy costs are a constant concern—and the options available are shrinking. Many suppliers, such as EDF and E.ON Next , are no longer accepting hospitality businesses as clients. Those that do often impose stricter credit requirements, making it difficult for businesses with lower credit scores to secure competitive rates.

This leaves hospitality operators with limited options, forcing them into higher-cost contracts or out-of-contract rates that significantly impact their margins.

Where We Can Help

This is where Smart Energy Company makes a difference. By working with the full market, we negotiate better rates tailored to your business’s needs. Whether you’re struggling to meet credit requirements or need help finding a supplier willing to work with your business, we can provide as many options as possible to help you save.

We recently helped a small independent Italian restaurant with two sites in Windsor save £26,661.84 annually by securing competitive rates despite the challenges in the market.

Rising Energy Prices: What You Need to Know

Energy market volatility remains one of the biggest challenges. On 22 January 2025 , the UK’s day-ahead electricity price spiked to £241/MWh , the highest since 2022.

Market Trends and What They Mean for You

For businesses nearing contract renewal or even those signed within the last year, these price movements signal higher costs ahead. Businesses who agreed contracts during a volatile period may now find their renewal options limited, while those on variable-rate contracts face even greater uncertainty.

How We Can Help: Energy Savings That Matter

While challenges in the sector continue to mount, there are real opportunities for savings, even in today’s volatile market. Energy costs are one of the few areas where businesses can take actionable steps to protect their margins.

1. Discover Hidden Savings

We recently helped a small independent Italian restaurant with two sites in Windsor save £26,661.84 annually. Despite the volatility of the market, we were able to negotiate rates that delivered significant cost reductions.

2. Stay Ahead with Market Insights

3. Optimise Your Usage

Small changes can yield big results. Investing in energy-efficient equipment, conducting an energy audit, or upgrading to smart meters can reduce your energy consumption—and your costs.

Feeling the pressure of rising costs?

Contact us today for a free energy review and discover how much you could save. At Smart Energy Company, we specialise in finding the best utility contracts tailored to your business needs. Let us help you navigate the market and secure significant savings on your gas, electricity, and water bills.

What’s at Stake for the Hospitality Sector?

The challenges facing the industry are about more than finances—they’re about the future of hospitality in the UK:

The Loss of Quality Experiences: Rising costs threaten the ability to source locally and maintain high standards.

The Decline of Cultural Hubs: Hospitality businesses are essential to vibrant communities, but closures could leave lasting gaps.

The Impact on Food Culture: Unlike many European counterparts, the UK’s food culture is still growing. Without support, this growth could stagnate.

FAQs

Conclusion

The hospitality sector is facing a perfect storm of challenges, but there are ways to adapt. By tackling energy costs head-on, businesses can take control of their operational expenses and safeguard their future.

At Smart Energy Company, we’re here to help. Let’s work together to secure savings, reduce costs, and keep your business thriving—no matter what the market throws your way.

Secure Your Energy Future

Don’t let rising energy costs dictate your business’s future. At Smart Energy Company, we specialise in utility procurement, helping you navigate the complexities of energy contracts. With access to over 25 suppliers for gas, electricity, and water, we ensure you get the best deals tailored to your needs.

UK Day-Ahead Electricity Prices Hit Highest Levels Since 2022 – What It Means for Your Business

tom@smart-energy.uk (Thomas McGlynn) — Wed, 22 Jan 2025 10:39:37 GMT

Why Are Day-Ahead Energy Prices So High? What It Means for Your Business

The cost of electricity in the UK for next-day delivery, known as day-ahead prices , has surged to £241/MWh , the highest level seen since the energy crisis in January 2022. These sudden price spikes can significantly impact businesses, particularly those out of contract or due to renew in the foreseeable future!

This blog will explain what day-ahead prices are, why they’ve risen so sharply, and what your business can do to protect itself from future energy cost volatility.

What’s Happening in the Energy Market?

Recent months have seen unprecedented volatility in the UK energy market. The day-ahead electricity price has risen sharply, fueled by colder weather, limited wind generation, and increased demand for gas-fired power. Gas day-ahead prices have also been impacted by concerns over European storage levels and global LNG supply disruptions.

These price movements aren’t just a short-term spike—they signal deeper challenges in the energy market. Businesses need to act now to mitigate the risk of even higher costs in the future.

6-Month Price Comparison

What Can Businesses Do?

To protect against rising energy costs, businesses should consider the following strategies:

Secure a Short-Term Contract
If you’re unsure about locking in a long-term rate, a 3-6 month fixed contract can provide immediate relief while you monitor market trends.
Explore Long-Term Contracts
Longer-term contracts (2-3 years) currently offer more competitive rates, providing stability and predictability.
Monitor Market Trends Regularly
Keeping track of market reports can help you make informed decisions about when to renew or fix contracts.
Use Renewable Energy
Investing in renewable energy options or choosing green energy tariffs can not only reduce costs but also support your sustainability goals.

Unsure Which Contract is

Right for You?

What’s Driving the Price Surge?

A combination of factors is driving these sharp price increases:

Weather Conditions: Colder-than-expected temperatures and lower wind generation have increased demand for gas-fired power.

Storage Concerns: EU gas storage levels are now below 60%, raising fears of insufficient supply for the rest of winter.

Global LNG Supply: Disruptions in US LNG exports, combined with high Asian demand, are further tightening supply.

Historical Context

How We Can Help

At The Smart Energy Company, we provide tailored solutions to help businesses navigate these challenging times. Our key services include:

Transparent advice and free market reports delivered to your inbox.

Flexible contract options ranging from short-term fixes to longer-term stability.

Expertise in supporting SMEs and I&C clients with customised energy strategies.

Sign Up for Free Market Reports

Conclusion

The UK energy market is entering a period of significant uncertainty. With day-ahead prices hitting multi-year highs, businesses must act decisively to protect against rising costs. Whether it’s exploring flexible contract options or leveraging market insights, now is the time to secure your energy future.

Frequently Asked Questions (FAQs)

Don’t Wait for Prices to Climb Higher

Weekly Energy Market Update: 13th - 17th January 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 20 Jan 2025 10:34:33 GMT

Key Data at a Glance

Overview of the Energy Market Comparison

This week’s energy markets displayed mixed movements, with gas prices showing slight gains while electricity prices appeared to ease due to fewer anomalies. Despite this, electricity prices remain above £100/MWh overall, reflecting ongoing volatility in the market. Meanwhile, oil prices experienced fluctuations driven by geopolitical tensions and strong heating demand.

Gas Market Insights

Average Gas Price:

13th–17th January 2025: 119.23p/th
6th–10th January 2025: 118.72p/th
Change: +0.43%

Gas prices rose slightly this week, primarily driven by colder temperatures, increased heating demand, and geopolitical factors impacting the market.

Key Highlights:

Colder Weather: Temperatures peaked midweek and then began falling, increasing residential and industrial demand for gas.
Geopolitical Tensions: Reports of drone attacks on Russian gas infrastructure and potential U.S. sanctions targeting Russian LNG exports created upward pressure on prices.
Supply Conditions:
Strong LNG arrivals supported the market, with 7–8 cargoes expected over the next 10 days.
Withdrawals from storage continued as demand outpaced local supply.

Daily Movements:

Monday (13th): Gas prices softened to a weekly low of 114.50p/th , as renewable generation and reduced heating demand eased pressure.
Tuesday (14th): Prices spiked to 123.03p/th , the largest single-day increase since August 2024, due to colder weather and geopolitical concerns.
Friday (17th): Prices closed at 118.80p/th , stabilising slightly as weather forecasts predicted warmer conditions from 20th January onwards.

Electricity Market Insights

Average Electricity Price:

13th–17th January 2025: £114.55/MWh
6th–10th January 2025: £131.15/MWh
Change: -12.67%

Electricity prices appeared to decline this week due to fewer price anomalies in the data. However, the market remains above £100/MWh, reflecting continued volatility.

Key Highlights:

Renewable Generation: Improved wind output early in the week helped lower gas-for-power demand.
Demand Volatility: Midweek colder temperatures and reduced wind generation temporarily increased prices before stabilising toward the weekend.
Outlook: Warmer and windier conditions are forecast for next week, which could further ease electricity prices.

Oil Market Summary

Brent Crude Price:

13th–17th January 2025: £80.79/barrel
6th–10th January 2025: £76.20/barrel
Change: +6.03%

Oil prices rose due to U.S. sanctions targeting Russian oil exports and increased heating demand in Europe and the U.S.

Key Highlights:

Geopolitical Tensions: Expanded U.S. sanctions disrupted Russian oil supply chains, pushing prices higher.

Cold Weather Impact: Extreme cold in Europe and the U.S. boosted demand for heating oil.

Future Outlook: The Gaza ceasefire and the upcoming U.S. presidential inauguration could bring further price volatility.

12-Month Wholesale Market Trends

Understanding the Long-Term View

The graph below highlights how wholesale gas (grey line) and electricity (blue line) prices have fluctuated over the past year.

Key Trends:

Gas Prices: Remain consistently elevated due to seasonal demand and geopolitical factors, with occasional spikes during colder periods.

Electricity Prices: Volatility is evident, with sharp peaks corresponding to periods of low wind generation and increased reliance on gas-fired power.

What This Means for You:

Both gas and electricity markets are still highly reactive to weather, supply, and geopolitical changes. If your contract end date (CED) is within the next 12 months, you can secure your next fixed contract now to capitalise on favourable market movements and protect against future price spikes.

Upcoming Week Forecast

Gas Market:

Milder Weather: Expected from 20th January, which may reduce heating demand and ease prices slightly.
Continued Storage Withdrawals: Necessary to meet demand, with tight market balances likely persisting.

Electricity Market:

Improved Renewable Generation: Windier conditions forecast for next week could reduce gas-for-power demand and stabilise electricity prices.
Lower Heating Demand: Milder temperatures could ease overall electricity consumption.

Oil Market:

Potential Stabilisation: Prices may stabilise as markets assess the full impact of U.S. sanctions and geopolitical developments.

Recommendation: Is It the Right Time to Renew?

Gas Contracts:

Short-Term: With slightly elevated prices, consider waiting for milder weather next week before renewing.

Long-Term: If your contract ends in the next 6–12 months, lock in a fixed rate now to avoid unexpected price spikes.

Electricity Contracts:

Short-Term: Improved wind generation could ease prices further, making it worth waiting before committing to a renewal.

Long-Term: Explore early renewal options to secure rates above £100/MWh before further volatility arises.

Fix Early for Better Rates:

Remember, you can secure your next fixed contract up to 12 months before your CED. Taking advantage of current market conditions ensures your business avoids future price uncertainty.

Key Takeaways for Businesses

Gas Prices: Slightly elevated due to colder weather and geopolitical tensions but may ease next week.

Electricity Prices: Temporarily stabilised but remain volatile due to renewable generation fluctuations.

Oil Prices: Higher due to sanctions and increased heating demand but could stabilise as geopolitical events unfold.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

Jellyfish Energy's Larva Rating Tracker: A Game-Changer for New and Low-Credit Businesses

tom@smart-energy.uk (Thomas McGlynn) — Thu, 16 Jan 2025 09:33:37 GMT

Overcoming Challenges for New and Low-Credit Businesses

For new businesses or those with poor credit scores, securing competitive energy contracts can be a daunting task. Most energy suppliers require businesses to have at least 12 months of trading history, which leaves startups or businesses rebuilding their credit with limited options. In many cases, these businesses are forced to stay with their current supplier or choose from a small pool of alternatives, often at higher rates.

Jellyfish Energy recognises this challenge and has introduced the Larva Rating Tracker , a unique product designed to provide businesses in these situations with a fair chance to access better energy rates while building their creditworthiness.

How the Larva Rating Tracker Works

When businesses sign up for the Larva Rating Tracker, they start with the default Bronze (2 Stars) rating, which comes with the advertised unit rate. Over the course of the 12-month contract, they can progress through higher rating tiers to unlock significant discounts. Here’s the progression timeline:

3 Months: Silver (3 Stars)
2.5% discount on unit rates
Businesses that pay their bills on time and comply with meter reading requirements can achieve this rating early in the contract.

6 Months: Gold (4 Stars)
5% discount on unit rates
Consistently meeting financial and engagement criteria brings greater savings.

9 Months: Platinum (5 Stars)
7.5% discount on unit rates
Achieving this top tier ensures maximum savings for the remainder of the contract term.

This transparent and dynamic system empowers businesses to lower their energy costs as they build trust and improve their financial profile.

Key Features of the Larva Rating Tracker

Dynamic Energy Rates
The unit rates adjust in real-time based on your rating, rewarding consistent financial responsibility and engagement.
Credit-Building Opportunity
The product is tailored for businesses with poor or no credit history, helping them establish trust and stability over time.
Fair and Transparent Rating System
Your rating is determined by clear, measurable factors, including payment behaviour and meter reading compliance.

How the Rating System Works

The Live Customer Rating Algorithm evaluates businesses using two primary factors:

Payment Behaviour:
Bills are evaluated 14 days after release.
Businesses with a neutral or credit balance earn 1 point.
Businesses in debt lose 3 points.
Meter Reading Compliance:
Accurate meter readings must be submitted at least once every quarter.
Failure to submit readings results in a 1-point deduction.

The algorithm continuously updates your rating based on the latest data, ensuring that your progress is reflected promptly.

Benefits of the Larva Rating Tracker for Businesses

Save on Energy Costs
Unlock discounts of up to 7.5% on unit rates by progressing through the rating tiers.
Access to Competitive Rates
Overcome the limitations of poor credit or limited trading history by securing a flexible energy contract designed for your needs.
Build Trust and Creditworthiness
Demonstrate financial responsibility and improve your business’s credit profile, opening up more opportunities in the future.
Transparent Progression
With clear guidelines and real-time updates, you always know what’s needed to achieve the next rating tier.

Customer Responsibilities

To maximise the benefits of the Larva Rating Tracker, customers must:

Pay bills on time to avoid penalties and maintain their rating.
Submit accurate meter readings at least once a quarter.

Failure to meet these responsibilities can result in penalties, including a downgrade in rating or, in severe cases, contract termination.

Why Choose Jellyfish Energy and the Larva Rating Tracker?

Jellyfish Energy’s Larva Rating Tracker is more than just an energy product; it’s a lifeline for businesses struggling to secure competitive rates due to credit challenges. By providing a fair and transparent pathway to savings, Jellyfish Energy ensures that businesses can focus on growth without being held back by high energy costs.

For new businesses or those with limited trading history, the Larva Rating Tracker offers an unparalleled opportunity to access affordable energy while building trust and financial stability.

Get Started Today

If your business is facing challenges with securing competitive energy rates due to poor credit or limited trading history, the Larva Rating Tracker might be the perfect solution. Contact The Smart Energy Company today to learn more about how we can help your business thrive:

Phone: 0151 459 3388
Email: info@smart-energy.uk

Take control of your energy costs and start building your business’s credit profile with Jellyfish Energy’s innovative Larva Rating Tracker.

How Market-Wide Half-Hourly Settlement (MHHS) Will Transform the UK Energy Market

tom@smart-energy.uk (Thomas McGlynn) — Wed, 15 Jan 2025 17:11:18 GMT

What Is Market-Wide Half-Hourly Settlement and Why Does It Matter?

The UK’s electricity market is undergoing a revolutionary transformation with the introduction of the Market-Wide Half-Hourly Settlement (MHHS) Programme. Designed to bring about cheaper energy bills, smarter energy usage, and a greener future, MHHS is set to reshape the way electricity is traded and consumed. But what does it mean for you as an energy user? Let’s explore.

What is the MHHS Programme?

At its core, the MHHS Programme enables energy suppliers to match the electricity they buy with the actual usage of their customers. By October 2026, all electricity market trading for domestic and non-domestic customers will be based on accurate half-hourly data .

The programme is a cornerstone of the UK’s journey towards Net Zero , making the energy market more flexible and sustainable. It also sets the stage for a wide range of innovations, such as time-of-use tariffs and battery storage solutions , all aimed at improving energy efficiency and reducing costs for customers.

Why Does MHHS Matter?

The MHHS Programme isn’t just a technical upgrade for energy suppliers; it brings real-world benefits to households and businesses alike:

Cheaper Bills : By enabling more accurate billing and innovative tariffs, MHHS ensures you only pay for the energy you use when you use it.

Smarter Energy Usage : With better visibility of your energy consumption, you’ll have the tools to optimise your usage and reduce waste.

A Greener Future : By making better use of existing infrastructure and reducing the need for new power generation, MHHS supports the UK’s ambitious Net Zero targets.

Access to Innovative Products : From vehicle-to-grid solutions to smarter tariffs, MHHS paves the way for products that reward flexibility and sustainability.

What Changes Will You Notice?

For most energy users, the transition to MHHS will be seamless. However, there are a few key changes you should be aware of:

Smart Meters Are Essential
MHHS relies on smart meters to record half-hourly energy usage. If you don’t have one installed, contact your energy supplier to arrange this free of charge.
Introduction of Time-of-Use Tariffs
These innovative tariffs allow you to save money by shifting energy usage to off-peak times when electricity is cheaper.
Greater Transparency
You’ll gain access to detailed insights about your energy consumption, helping you make informed decisions about how and when to use electricity.

How Does MHHS Help the UK Achieve Net Zero?

The UK’s energy grid is under increasing pressure to reduce carbon emissions while meeting growing demand. By encouraging smarter energy use and reducing waste, MHHS:

Lowers the cost of maintaining and expanding the grid.

Reduces reliance on fossil fuels by integrating renewable energy sources.

Promotes sustainable innovations like battery storage and electric vehicle charging solutions .

What’s Happening Behind the Scenes?

Delivering MHHS is a collaborative effort involving several key organisations:

Ofgem : The programme sponsor overseeing its success.

Elexon : Responsible for implementing the programme and managing the transition.

Suppliers and Industry Participants : Adapting their systems to handle half-hourly data and developing new products and services.

Retail Energy Code Company (RECCo) : Ensuring compliance with industry code changes and facilitating updates to switching processes.

As of now, the focus is on the testing phase , with suppliers preparing their systems for the migration phase, which starts in September 2025. By May 2027, MHHS will be fully operational.

FAQs: What You Need to Know About MHHS

How Smart Energy Company Can Help

Navigating the changing energy market can be daunting, but we’re here to help. At Smart Energy Company , we specialise in simplifying energy management for businesses, offering:

Free Energy Reviews : Compare your current contract with live market rates.

Expert Advice : Learn about time-of-use tariffs and innovative energy-saving solutions.

Seamless Transitions : We handle everything, from finding the best deals to managing the switch.

Final Thoughts

The Market-Wide Half-Hourly Settlement Programme is a vital step in creating a smarter, cleaner, and more efficient electricity market. With benefits ranging from lower bills to innovative energy products, MHHS offers exciting opportunities for all energy users.

To ensure you’re ready to take advantage of these changes, make sure you have a smart meter , stay informed about new tariffs, and seek expert guidance when needed.

Want to find out how MHHS can help your business? Contact us today for a free energy review and see how much you could save.

The E11 Nuclear Construction Charge: What It Means for Your Business

tom@smart-energy.uk (Thomas McGlynn) — Mon, 13 Jan 2025 11:48:40 GMT

How the E11 Nuclear Construction Charge Will Impact Your Business in 2025

The UK government is introducing the E11 Nuclear Construction Charge (NCC) in April 2025 as part of its strategy to fund new nuclear power stations. While the move supports the nation's shift towards sustainable energy, it has raised questions about fairness and its implications for businesses. This blog explores how the levy works, who it affects, and what businesses can do to prepare.

What is the E11 Nuclear Construction Charge?

The E11 NCC is a government-mandated levy designed to:

Fund the development of new nuclear power plants as part of the UK's energy transition.

Support long-term energy security and reduce reliance on fossil fuels.

The levy will be charged to electricity suppliers , who are expected to pass this cost on to their customers.

How Will the Levy Be Applied?

Suppliers' Role: Electricity suppliers will bear the initial cost but are likely to distribute it across their customer base to recoup the expense.

Customer Impact: Both large corporations and smaller businesses will see this charge reflected in their electricity bills, though the burden may not be evenly distributed.

Implications for Businesses

Large Businesses

Potential Advantages: Large corporations often negotiate bespoke energy contracts. Their significant consumption and bargaining power may allow them to minimise the impact of the levy.

Cost Absorption: Suppliers may offer competitive rates to retain large clients, potentially shifting more of the levy’s cost onto smaller businesses.

Small and Medium-Sized Enterprises (SMEs)

Disproportionate Impact: Smaller businesses typically lack the resources to negotiate favourable contracts, making them more vulnerable to higher costs.

Increased Overheads: For SMEs already struggling with high energy bills, this levy could add further financial pressure, impacting cash flow and profitability.

Is the Levy Fair?

The E11 NCC raises concerns about fairness:

Subsidising Larger Companies: If suppliers pass a larger share of the cost to smaller businesses, SMEs may end up indirectly subsidising the energy bills of larger corporations.

Transparency Issues: Suppliers must be clear about how the levy is being calculated and distributed to avoid accusations of unfair practices.

What Can Businesses Do?

Understand Your Contract:
Check for pass-through clauses that allow levies to be added to your bill.
Review how your supplier handles government-mandated costs.
Engage with Your Supplier:
Ask for a detailed breakdown of your bill to understand the levy’s impact.
Inquire about steps they are taking to ensure fair cost distribution.
Seek Expert Advice:
Work with energy consultants (like us!) who can provide insights into market trends and help negotiate better contracts.
Consider a free energy review to identify potential savings and mitigate future costs.

FAQs About the E11 Nuclear Construction Charge

Preparing for the Future

While the E11 NCC will bring challenges, it also highlights the importance of proactive energy management. By understanding market trends, reviewing contracts, and exploring alternatives, businesses can stay ahead of rising costs.

Conclusion

The E11 Nuclear Construction Charge is a necessary step for the UK’s energy future, but its implementation could have significant implications for businesses. Small businesses, in particular, should remain vigilant to avoid bearing a disproportionate burden. If you’re unsure how this levy might affect you, get in touch with Smart Energy Company today for tailored advice and support.

Weekly Energy Market Update: 06th - 10th January 2025

tom@smart-energy.uk (Thomas McGlynn) — Mon, 13 Jan 2025 09:57:05 GMT

Weekly Energy Market Update: Comparing December 18th–22nd, 2024, to January 6th–10th, 2025

Overview of the Energy Market Comparison

As businesses returned after the holiday break, energy markets saw notable changes. Gas and electricity prices rose significantly, driven by colder weather and fluctuating wind generation, while oil prices saw modest increases. This blog will break down the key movements in gas and power markets, highlight trends over the past year, and explain how your business can capitalise on market opportunities.

Gas Market Insights

Average Gas Price:

January 6–10, 2025: 118.72p/th
December 18–22, 2024: 101.10p/th
Change: +17.43%

Gas prices saw a sharp increase as colder weather returned after the holiday period, driving up residential and industrial heating demand. Reduced wind generation also led to increased reliance on gas-fired power plants to meet electricity needs.

Key Highlights:

Demand Increases:
Colder temperatures pushed residential and industrial demand higher.
Gas-for-power demand surged midweek as wind generation dropped, creating additional pressure on gas supply.

Supply Stability:
LNG arrivals remained strong, with robust flows from Norway. However, small unplanned outages at facilities like Gullfaks temporarily tightened supply midweek.

Daily Movements:
Monday: Gas prices opened high at 124.15p/th, as demand increased sharply due to colder temperatures.
Midweek: Prices fluctuated slightly as gas-for-power demand eased with a brief improvement in wind speeds.
Friday: Prices stabilised at 116.0p/th as demand started to ease, and weather forecasts predicted milder conditions ahead.

Current State of Affairs:

The gas market remains well-supplied, but demand spikes caused by weather-driven factors, like colder temperatures and low wind generation, are creating volatility. However, with milder weather expected next week, prices may ease slightly in the short term.

Electricity Market Insights

Average Electricity Price:

January 6–10, 2025: £131.15/MWh
December 18–22, 2024: £74.91/MWh
Change: +75.01%

Electricity prices surged significantly as colder weather coincided with reduced wind output early in the week, forcing a heavier reliance on gas-fired power plants.

Key Highlights:

Wind Generation Volatility:
Wind speeds dropped significantly early in the week, reducing renewable power availability and increasing demand for gas-fired power stations.
Later in the week, wind generation improved slightly, easing pressure on prices.

Temperature-Driven Demand:
Colder temperatures increased heating demand, pushing electricity consumption higher, especially during early January’s cold spell.

Daily Movements:
Monday: Electricity prices started at £109.87/MWh as demand rose sharply.
Midweek: Prices peaked at £188.77/MWh on Thursday, driven by low wind generation and high demand.
Friday: Prices stabilised slightly at £106.32/MWh as wind speeds picked up and heating demand eased.

Current State of Affairs:

The electricity market remains volatile, heavily influenced by renewable output and weather conditions. With wind generation forecast to improve next week, prices could stabilise, but colder periods may still cause temporary spikes.

Oil Market Summary

Average Brent Crude Price:

January 6–10, 2025: £76.20/barrel
December 18–22, 2024: £72.10/barrel
Change: +5.68%

Oil prices saw moderate increases this week, driven by increased heating demand in Europe and the U.S., alongside Chinese economic stimulus measures.

Key Highlights:

Heating Demand: Cold weather in major markets boosted demand for heating fuels, adding upward pressure to prices.
Geopolitical Tensions: U.S. sanctions targeting Russia’s oil industry and supply constraints from OPEC nations further tightened the market.
Economic Stimulus: China’s economic growth initiatives, including wage increases and funding boosts, raised expectations of higher demand.

Current State of Affairs:

Oil prices are relatively stable compared to gas and electricity, offering businesses a predictable cost environment for now. However, geopolitical risks could still impact prices in the medium term.

12-Month Wholesale Market Trends

Understanding the Long-Term View

The graph below illustrates how wholesale gas (grey line) and electricity (blue line) prices have fluctuated over the past 12 months.

Key Trends:

Gas Prices: Gradual increases over the year, with occasional spikes during colder periods. Current prices are higher than the 12-month average, reflecting seasonal demand.

Electricity Prices: Highly volatile, with significant peaks during periods of reduced wind generation and increased demand. The January spike highlights how quickly prices can rise in colder weather.

What This Means for You:

If your business’s contract end date (CED) is approaching, now is a good time to explore fixing your rates. Remember, you can secure your next fixed contract up to 12 months before your CED , allowing you to capitalise on favourable market movements and avoid potential price spikes later in the year.

Upcoming Week Forecast

Here’s what to watch in the energy markets next week (13th–17th January 2025):

Gas Market Forecast:

Milder Weather Ahead: Forecasts suggest a return to milder temperatures, which could reduce residential and industrial heating demand.
Stable LNG Supplies: Continued strong LNG arrivals and high Norwegian imports are expected to balance the market, which may ease prices.
Short-Term Volatility: Brief colder spells or unexpected supply issues could still cause temporary price spikes.

Electricity Market Forecast:

Improved Wind Generation: Wind speeds are forecast to rise above seasonal averages, reducing reliance on gas-fired power plants. This could stabilise electricity prices or even bring them lower.
Demand Moderation: Milder weather may lower heating demand, easing pressure on the electricity grid.

Recommendation: Is It the Right Time to Renew?

Gas Contracts:

Gas prices are elevated due to cold weather and increased demand but may ease with milder forecasts next week.

Recommendation: If your renewal isn’t urgent, consider waiting for potential price dips in the coming weeks.

Electricity Contracts:

Electricity prices remain volatile, driven by weather-dependent wind generation. Improved renewable output next week may stabilise rates.

Recommendation: Hold off on long-term renewals and monitor market conditions for potential improvements.

Fix Early for Better Rates:

Remember, you can secure your next fixed contract up to 12 months before your CED. Fixing early allows you to take advantage of favourable market movements and protect your business from sudden price surges.

Key Takeaways for Businesses

Gas Prices: Higher seasonal demand is keeping prices elevated, but milder weather next week could ease pressure.

Electricity Prices: Wind generation improvements may stabilise prices, but watch for short-term volatility.

Have questions or need personalised advice? Contact us today to discuss your energy needs and secure the best rates for your business.

Empower Your Energy Choices

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Trusted Expertise

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Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

5 Ways to Boost Energy Efficiency and Sustainability in 2025

tom@smart-energy.uk (Thomas McGlynn) — Fri, 10 Jan 2025 10:43:33 GMT

Achieve Sustainability in 2025 with Actionable Net Zero Strategies

As we step into 2025, it’s the perfect time to reflect on your energy strategy and explore ways to align your business goals with sustainability and efficiency. The path toward net zero has never been more vital for businesses, regardless of size or energy consumption. Whether you’re looking to cut costs or reduce carbon emissions, taking actionable steps now can set you up for success in the long term.

Here are five practical strategies to help your business reduce its carbon footprint and improve energy efficiency in 2025.

1. Set Clear Targets

The first step toward improving energy efficiency is setting specific, actionable goals.

Why now? The new year offers a fresh opportunity to instill better energy habits across your organisation.

How to start? Outline measurable objectives such as reducing energy consumption by a set percentage or switching to greener energy sources.

Pro tip: Schedule quarterly or semi-annual reviews to evaluate your progress and identify areas for improvement.

2. Embrace Renewable Energy

Renewables are a cornerstone of sustainability, offering both environmental and financial benefits.

Install Solar PV: Generate your own energy onsite and achieve long-term cost savings.

Explore renewable energy contracts: If investing in solar isn’t viable, opt for green energy plans backed by Renewable Energy Guarantees of Origin (REGO).

Collaborate with landlords: If you rent your premises, ask about potential energy-saving upgrades like solar installations or energy-efficient lighting.

3. Focus on Energy Efficiency

Small changes in your energy usage can lead to big savings.

Understand your usage: Use tools like online energy accounts or advanced platforms like Energy360 DataView to track consumption and identify inefficiencies.

Implement energy-saving measures: Replace old equipment with energy-efficient alternatives, upgrade to LED lighting, and ensure your HVAC systems are optimised.

Why it matters: Even incremental improvements can reduce energy costs and provide a competitive edge.

4. Review Your Energy Strategy

Reassess your energy plan to ensure it aligns with your current business needs.

Fixed vs. tailored plans: Fixed-rate plans offer budget certainty, while bespoke energy contracts can better match your consumption patterns.

Evaluate new offers: Energy markets evolve, and switching to a more suitable plan could save you money and align better with your sustainability goals.

5. Explore Funding Partnerships

Government initiatives provide significant funding opportunities for businesses investing in green technologies.

Access grants: Nearly £5 billion in funding is available to help businesses transition to greener energy solutions.
Benefit from partnerships: Collaborate with organisations that can help you navigate the application process and access financial support.

Supporting Your Sustainability Goals

While elevated energy prices and market volatility present challenges, they also highlight the importance of sustainable practices. At The Smart Energy Company, we are committed to helping businesses navigate the energy transition. By setting clear goals, embracing renewables, and optimising your energy strategy, you can position your business as a sustainability leader.

Let’s make 2025 the year your business takes meaningful steps toward a greener future. Together, we can achieve net zero and pave the way for a more sustainable tomorrow.

Ready to enhance your business’s energy efficiency and sustainability?

December 2024 UK Energy Market Trends: Gas, Power, and Oil

tom@smart-energy.uk (Thomas McGlynn) — Mon, 06 Jan 2025 11:31:31 GMT

December 2024 UK Energy Market Trends: Gas, Power, and Oil

December 2024 brought significant movement in the UK’s energy markets, with colder weather, robust supply, and geopolitical factors playing a key role in shaping gas, electricity, and oil prices. As businesses navigate the winter period, understanding these trends is crucial for planning ahead and managing energy costs effectively.

Key Highlights for December 2024

Gas Prices: Day-ahead gas prices fluctuated, reaching a high of 119.10p/th and a low of 97.05p/th, reflecting colder temperatures and strong supply dynamics. The average price of 110.61p/th marked a 1.47% decrease compared to November’s 112.26p/th.

Electricity Prices: Power prices showed volatility, spiking at £215.47/MWh on 13 December but settling lower toward the end of the month. The average price of £103.87/MWh represented a 0.98% increase compared to November’s 102.86/MWh.

Oil Prices: Brent crude prices hovered between $70 and $74 per barrel, impacted by geopolitical tensions and concerns over supply and demand.

Gas Market Overview

What Happened in December?

Gas prices experienced a rollercoaster ride throughout December. Early in the month, colder weather and reduced wind speeds drove higher demand for gas-fired power generation. However, robust LNG sendout and Norwegian imports helped stabilise prices as the month progressed.

Key figures:

Highest Price: 119.10p/th (30 December)
Lowest Price: 97.05p/th (17 December)
Average Price: 110.15p/th

Key drivers:

Weather: Colder-than-average temperatures early in the month pushed demand higher, but milder conditions mid-month caused a temporary dip in prices.
Supply: Strong LNG arrivals and minimal Norwegian maintenance supported supply stability.
Demand: Increased heating needs and steady gas-for-power demand were balanced by rising wind generation later in the month.

Power Market Overview

Electricity Prices and Trends

Electricity prices mirrored gas market fluctuations, with notable spikes during colder spells and weaker wind generation. The highest price, £215.47/MWh on 13 December, was driven by reduced renewable output and colder weather.

Key figures:

Highest Price: £215.47/MWh (13 December)
Lowest Price: £61.02/MWh (18 December)
Average Price: £101.20/MWh

Key drivers:

Renewables: Wind generation varied significantly, with weaker output during cold snaps driving reliance on gas-fired power.
Temperature Drops: Colder weather early and late in December increased electricity demand for heating.
Supply: High LNG arrivals and nuclear power availability helped stabilise prices during milder periods.

Oil Market Overview

Brent Crude Prices and Influences

Oil prices remained relatively steady in December, fluctuating between $70 and $74 per barrel. Geopolitical developments, such as sanctions on Russian oil and changing dynamics in the Middle East, created occasional price surges.

Key drivers:

Geopolitical Tensions: The ongoing Russia-Ukraine conflict and sanctions on Russian oil kept prices volatile.
Demand Concerns: Slower economic growth in China and Europe weighed on prices, though optimism about 2025 policies offered some support.
Supply Outlook: OPEC+ decisions to extend production cuts until 2026 helped stabilise the market despite fears of oversupply.

12-Month Energy Market Trends

A Look Back at 2024

The energy market in 2024 experienced significant volatility due to geopolitical tensions, weather extremes, and fluctuating supply dynamics. The graph below illustrates the 12-month trends for gas (grey line) and electricity (blue line), showing how prices have risen steadily since early summer before stabilising towards the year-end.

Looking Ahead: January 2025 Forecast

As we move into January, the following factors could shape the UK energy market:

Colder Weather Ahead: Forecasters predict below-average temperatures in early January, which could drive higher gas and electricity demand.
Wind Generation: Expected stronger wind speeds may provide relief to electricity prices.
Geopolitical Risks: Ongoing tensions in Eastern Europe and discussions around Russian gas flows through Ukraine could impact gas markets.

What this means for your business: Securing energy contracts now could help lock in favourable rates before potential price hikes later in the winter.

Why Choose The Smart Energy Company?

Get ahead of the market today!

Sign up for monthly energy market reports to stay informed on the latest trends.
Request a free energy quote and see how much your business could save.

Conclusion

For personalised guidance and support, trust The Smart Energy Company to help your business thrive, no matter the market conditions.

Need Tailored Advice for Your Business?

Breaking Down Non-Commodity Costs: What’s Driving Your Business Energy Bill?

tom@smart-energy.uk (Thomas McGlynn) — Wed, 18 Dec 2024 12:17:16 GMT

Ever Wondered What You’re Actually Paying For?

All businesses will have to pay non-commodity costs on their energy bills, but what do these costs involve? And how much should you expect to pay? Our guide takes you through a breakdown of all the non-commodity costs you need to know about and how they affect your business.

What Are Non-Commodity Costs?

Non-commodity costs, also known as ‘third-party costs’, are compulsory charges added to your energy bill to cover the cost of delivering energy to consumers. These costs include:

Energy generation infrastructure.

Transportation and grid maintenance.

Government-imposed taxes and levies to support renewable energy and carbon reduction.

Commodity Vs Non-Commodity Costs On your energy bill:

Commodity Costs refer to charges for the energy you use. These costs are directly tied to your level of consumption and relate to wholesale energy prices.

Non-Commodity Costs are the ‘non-energy’ portion of your bill. They include transmission, distribution, and government-imposed charges.

Why Do I Have to Pay Non-Commodity Charges?

Non-commodity charges fund essential works to ensure the energy system operates smoothly and reliably. This includes:

Maintenance and operation of the UK’s energy grid.

Supporting renewable energy projects and low-carbon initiatives.

Covering regulatory processes and infrastructure development.

These charges ensure that energy can be delivered safely and efficiently to businesses while supporting sustainable practices to reduce emissions.

What Is My Energy Bill Made Up Of?

Your energy bill is typically split into two main sections:

Wholesale Energy Costs: These account for roughly one-third of your bill and refer to the energy you use.

Non-Commodity Costs: These can make up as much as 60% of electricity costs and 40% of gas costs , including:

System charges.
Government levies.
Environmental obligations.

Types of Non-Commodity Costs

System Charges:

Transmission Network Use of Systems (TNUoS) : Covers the cost of installing and maintaining high-voltage transmission systems across the UK.

Distribution Use of System (DUoS) : Funds the operation, maintenance, and development of local distribution networks that deliver energy to your premises.

Balancing Services Use of System (BSUoS) : Charges for balancing the energy supply and demand on the National Grid, ensuring system stability.

Government Levies and Taxes:

Carbon Reduction Commitment: A mandatory initiative to reduce carbon emissions by 80% by 2050.

Climate Change Levy (CCL) : A tax on businesses based on energy consumption to encourage energy efficiency.

Renewables Obligation (RO) : Introduced to support large-scale renewable energy projects.

Feed-in Tariff (FiT) : A subsidy for small-scale renewable generation projects.

Contracts for Difference (CfD) : Guarantees renewable energy generators a fixed price for exported electricity to promote low-carbon investments.

Will Non-Commodity Costs Be Increasing?

Yes, non-commodity costs are expected to rise as the UK moves closer to its net-zero emissions targets . Key reasons include:

Increased investment in renewable infrastructure.
Rising grid maintenance costs due to system upgrades.
Expanding environmental levies and taxes to fund decarbonisation efforts.

Projections: By 2031, non-commodity costs could make up 80% of total energy bills , making it essential for businesses to understand and plan for these increases.

How Do Non-Commodity Costs Affect Your Business?

Non-commodity costs directly impact your energy bills and overall operating expenses. These costs can account for up to 60% of your electricity bill and 40% of your gas bill .

For example:

High energy consumption leads to higher Climate Change Levy (CCL) payments.
Businesses with inefficient energy usage pay more for balancing services and grid maintenance.

Strategies to Manage Non-Commodity Costs

While non-commodity charges are largely unavoidable, businesses can take steps to manage and reduce their impact:

Fix Your Energy Rates: Secure a fixed-rate energy contract to stabilise your costs.

Conduct Energy Audits: Identify inefficiencies in your energy usage and implement changes to reduce overall consumption.

Invest in Smart Meters: Track your energy usage in real-time and avoid overpaying on estimated bills.

Improve Energy Efficiency: Implement measures like LED lighting, energy-efficient equipment, and better insulation to cut down on usage.

Conclusion

Non-commodity costs are a complex but vital part of your energy bill. By understanding what these costs include and how they are calculated, businesses can take proactive steps to manage their energy expenses. From conducting energy audits to securing fixed-rate contracts, there are practical ways to minimise the impact of rising non-commodity charges.

At The Smart Energy Company , we’re here to help you navigate the complexities of energy billing and identify opportunities to reduce costs.

Contact us today to review your energy contract and optimise your energy strategy.

Yorkshire Gas & Power Deemed and Default Rates – Effective December 2023

tom@smart-energy.uk (Thomas McGlynn) — Wed, 18 Dec 2024 10:27:37 GMT

Avoid High Deemed and Default Rates with Yorkshire Gas & Power

If your fixed-term contract with Yorkshire Gas & Power (YGP) has expired or you’ve moved into premises supplied by YGP without agreeing to a new contract, you’ll be placed on their deemed or default rates . While these rates ensure continued supply, they are significantly higher than fixed-term agreements.

Please note: Yorkshire Gas & Power has not updated their Out of Contract rates on their website since December 2023.

Yorkshire Gas & Power Deemed and Default Rates

Gas Rates – Effective 8 December 2023

Electricity Rates – Effective 8 December 2023

Why Avoid Yorkshire Gas & Power’s Deemed and Default Rates?

Remaining on YGP’s deemed and default rates can result in:

Significantly Higher Costs – Electricity rates at 40.0p/kWh and standing charges as high as £13 /day for half-hourly supplies can severely impact your energy budget.
Lack of Price Stability – These rates are subject to change and offer no long-term protection from market volatility.
Missed Savings Opportunities – Fixed-term energy plans provide better rates and predictability for your business costs.

How The Smart Energy Company Can Help

We specialise in helping businesses avoid excessive out-of-contract rates by securing competitive fixed-term agreements.

Here’s how we can assist:

Market Comparison – We compare rates from 25+ trusted suppliers to find tailored, cost-effective options.

Hassle-Free Switching – We handle the entire process, ensuring a smooth transition.

Proactive Management – Avoid rolling onto VBR again—our team monitors your contracts and market conditions.

FAQs About Yorkshire Gas & Power’s Deemed and Default Rates

Take Action Today

Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.

Contact us today for a free, no-obligation quote:

Call us : 0151 459 3388

Email us : info@smart-energy.uk

Get a quote online :

Yü Energy Out-of-Contract Rates – Effective July 2024

tom@smart-energy.uk (Thomas McGlynn) — Tue, 17 Dec 2024 16:26:34 GMT

Understanding Yü Energy’s Transition Rates and Smart Default Rates

If your fixed-term contract with Yü Energy has expired and you haven’t renewed or switched suppliers, you’ll automatically move onto their Transition Rates (aka Out of Contract Rates). These rates are also applied when a supplier switch fails to complete, ensuring continued energy supply.

Additionally, Yü Energy applies Smart Default Rates to customers on smart meter plans who refuse the installation of a smart meter. Both Transition and Smart Default Rates are significantly higher than fixed-term agreements, impacting your energy costs.

Yü Energy Transition Rates

Half-Hourly (HH) Low Voltage Transition Rates – Effective 8 July 2024

Non-Half Hourly (NHH) Electricity Transition Rates – Effective 26 June 2024

*Band 3 standing charges are the minimum; additional fixed costs may be passed through.

Half-Hourly (HH) High Voltage Transition Rates – Effective 8 July 2024

Gas Transition Rates – Effective 26 June 2024

Why Avoid Yü Energy’s Transition Rates?

Remaining on these rates can have significant impacts:

Higher Costs – Electricity rates exceed 50p/kWh, and gas rates are fixed at 13.7p/kWh with substantial standing charges.

No Stability – Transition rates are subject to market changes with only 5 days’ notice for adjustments.

Avoidable Penalties – With proactive management, businesses can lock in better fixed-term pricing.

How The Smart Energy Company Can Help

We specialise in helping businesses avoid excessive out-of-contract rates by securing competitive fixed-term agreements.

Here’s how we can assist:

Market Comparison – We compare rates from 25+ trusted suppliers to find tailored, cost-effective options.

Hassle-Free Switching – We handle the entire process, ensuring a smooth transition.

Proactive Management – Avoid rolling onto VBR again—our team monitors your contracts and market conditions.

FAQs About Yü Energy Transition Rates

Take Action Today

Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.

Contact us today for a free, no-obligation quote:

Call us : 0151 459 3388

Email us : info@smart-energy.uk

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Energy Ombudsman Increases Maximum Award for Small Business Disputes to £20,000

tom@smart-energy.uk (Thomas McGlynn) — Tue, 17 Dec 2024 15:18:20 GMT

Key Changes to the Energy Ombudsman’s Maximum Award

From 19 December 2024, small businesses will benefit from a significant change in the Energy Ombudsman’s dispute resolution process. The maximum award for non-domestic energy disputes will increase from £10,000 to £20,000, reflecting the growing energy consumption and financial stakes for small businesses.

Why Is This Change Happening?

The Energy Ombudsman’s remit is expanding to include small businesses under the Ofgem small business definition. This increase ensures that small businesses can resolve disputes effectively, as their energy needs and bills are typically higher than microbusinesses.

The Decision-Making Process

To ensure the change is fair and beneficial, the Energy Ombudsman invited feedback from stakeholders between 4th September and 2nd October 2024. Here are the key insights:

Support for the Increase: 5 organisations agreed that the increase to £20,000 was reasonable given the higher energy usage of small businesses.

Doubts About Necessity: 3 organisations disagreed, citing insufficient evidence and concerns about inflationary impacts on award values.

Calls for Further Increase: One response suggested the maximum award should rise to £50,000.

After careful consideration, the decision was made to increase the maximum award to £20,000 for all non-domestic disputes, ensuring fairness across microbusinesses and small businesses.

Key Points Behind the Decision

Existing Large Awards: The Energy Ombudsman frequently issues awards near the current limit for microbusinesses, showing a need for an increase.
Preventing Resolution Barriers: Without the increase, small businesses might not see fair outcomes for disputes involving larger sums.
Avoiding Inconsistency: The same maximum award will apply to microbusinesses and small businesses to prevent unfair discrepancies.

The Energy Ombudsman assures that this change will not cause award inflation, as awards will still be based on actual financial losses and time-and-trouble compensation.

What About the Broker Scheme?

For disputes involving brokers, the maximum award will remain at £10,000. This decision reflects the complexity of the broker market, where multiple alternative dispute resolution (ADR) schemes operate. A review may follow pending the outcome of the Department for Energy Security and Net Zero’s consultation on broker regulation.

What This Means for Small Businesses

Small businesses can now have greater confidence that their disputes will be fully resolved without financial limitations acting as a barrier. This change aligns with the Energy Ombudsman’s goal to provide fair outcomes and increased support for small businesses navigating energy issues.

Preparing for the Change

The new maximum award limit of £20,000 will take effect for all new non-domestic energy disputes from 19 December 2024 . The Energy Ombudsman will review the limit after six months to ensure it remains fit for purpose.

For more details on this change and the small business remit extension, visit the official Energy Ombudsman update page here.

Conclusion

The increase in the maximum award for non-domestic energy disputes marks a significant step forward in supporting small businesses. As your trusted energy partner, The Smart Energy Company is here to help you navigate energy contracts, disputes, and supplier changes with confidence.

If you need help reviewing your energy contracts or handling disputes, get in touch with us today for a free consultation.

Valda Energy Deemed Rates – Effective 9 August 2024

tom@smart-energy.uk (Thomas McGlynn) — Tue, 17 Dec 2024 14:54:26 GMT

Avoid High Deemed and Out of Contract Rates with Valda Energy

If you’re placed on Valda Energy’s deemed rates , it means you’re being charged a default tariff because:

You’ve moved into a premises supplied by Valda Energy but haven’t agreed to a formal contract.

Your previous energy contract has ended, and you haven’t renewed or switched suppliers.

While deemed rates ensure continued energy supply, they are significantly higher than fixed-term agreements. It’s important to act quickly to avoid potential financial strain.

Valda Energy Deemed Rates

Gas Deemed Tariffs – Effective 9 August 2024

Electricity Deemed Tariffs – Effective 9 August 2024

Are Valda Energy’s Out of Contract Rates the Same as Deemed Rates?

While deemed rates are applied when you move into new premises without an agreement, out-of-contract rates may also apply when your fixed-term contract expires. These rates are typically higher, but Valda Energy hasn’t published separate figures.

If you’re unsure about your rates, check your latest energy bill or contact Valda Energy directly.

Why Avoid Staying on Deemed or Out of Contract Rates?

Remaining on default rates can result in:

Significantly Higher Costs – Electricity rates of 41p/kWh and gas rates of up to 11.5p/kWh are far higher than competitive fixed-term plans.
No Price Stability – These rates can change without warning, making budgeting difficult.
Missed Opportunities for Savings – Fixed-term agreements offer better pricing and predictable costs.

How The Smart Energy Company Can Help

We specialise in helping businesses avoid excessive out-of-contract rates by securing competitive fixed-term agreements.

Here’s how we can assist:

Market Comparison – We compare rates from 25+ trusted suppliers to find tailored, cost-effective options.

Hassle-Free Switching – We handle the entire process, ensuring a smooth transition.

Proactive Management – Avoid rolling onto VBR again—our team monitors your contracts and market conditions.

FAQs About Valda Energy Deemed and Out of Contract Rates

Take Action Today

Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.

Contact us today for a free, no-obligation quote:

Call us : 0151 459 3388

Email us : info@smart-energy.uk

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UK Risks Future Energy Crisis Due to Heavy Gas Reliance

tom@smart-energy.uk (Thomas McGlynn) — Mon, 16 Dec 2024 14:55:14 GMT

The UK's Overreliance on Gas Poses Long-Term Energy Challenges

A recent report from the Energy Crisis Commission has raised concerns about the UK’s preparedness for future energy crises, citing its heavy dependence on gas for heating and electricity. The findings highlight the urgency of transitioning to renewable energy sources and improving energy efficiency to avoid further economic and social hardships.

Key Insights from the Energy Crisis Commission Report

The Energy Crisis Commission, formed to evaluate the impacts of recent energy crises, brings together experts from key organisations, including Energy UK, the CBI, Citizens Advice, and National Energy Action. The report outlines several critical issues contributing to the UK's vulnerability to future energy crises:

High Gas Dependency: The UK ranks second in Europe for gas heating reliance and fifth for gas-based electricity generation, putting its households and businesses at a significant disadvantage compared to other nations.

Housing Energy Inefficiency: Leaky, damp homes and delays in implementing stricter building standards are exacerbating energy inefficiency, leaving consumers vulnerable to rising costs.

Fuel Poverty on the Rise: Approximately 7.5 million households are now living in fuel poverty, while debts owed to energy suppliers have surged to £3.5 billion.

Impact on Businesses: Rising energy costs have forced nearly one in ten businesses to cease operations partially or entirely.

The Call for Action: Transitioning from Gas to Renewables

The report underscores that progress in reducing the UK's gas reliance has been insufficient. To address this, the Commission has proposed the following measures:

Invest in Energy Efficiency:
Increase public investment in upgrading the UK’s cold, damp housing stock.
Strengthen energy efficiency regulations for private rentals.
Implement the Future Homes Standard for new builds without further delays.

Accelerate Clean Energy Adoption:
Scale up the rollout of electric heat pumps.
Phase out gas heating systems with a clear timeline.
Expand clean power generation through renewable technologies such as onshore wind and solar energy.

Electricity Market Reform:
Redesign the electricity market to lower costs for households and businesses.
Provide targeted support to energy-intensive industries to accelerate decarbonisation.

Why This Matters for UK Households and Businesses

The UK's energy strategy impacts everyone. With millions already living in fuel poverty and businesses struggling to manage rising costs, the shift towards renewable energy and improved efficiency isn’t just an environmental goal—it’s an economic necessity.

By addressing these issues now, the government can protect vulnerable households, stabilise the economy, and reduce the risk of future crises.

How The Smart Energy Company Can Help

At The Smart Energy Company, we understand the challenges businesses face in navigating the energy market. Whether you’re looking to reduce costs or explore renewable energy solutions, we’re here to guide you with:

Tailored energy contracts designed to minimise costs.

Insights into renewable options that align with your business goals.

Support in planning for long-term energy security.

Ready to Take Control of Your Energy Future?

Don’t wait for the next crisis—get ahead today. Contact us for a free energy consultation and start exploring solutions to secure your energy needs and reduce costs. Together, we can build a sustainable energy future for your business.

Weekly Energy Market Update: 9th – 13th December 2024

tom@smart-energy.uk (Thomas McGlynn) — Mon, 16 Dec 2024 11:24:07 GMT

Your Energy Costs Are Changing—Here’s What You Need to Know

The energy market moved significantly this week, with gas prices dropping, electricity prices surging, and oil remaining relatively stable. These changes directly impact your energy costs and create opportunities to plan ahead and protect your business.

Here’s what happened this week, why it matters, and what you can do to stay in control of your energy expenses.The energy market moved significantly this week, with gas prices dropping, electricity prices surging, and oil remaining relatively stable. These changes directly impact your energy costs and create opportunities to plan ahead and protect your business.

Here’s what happened this week, why it matters, and what you can do to stay in control of your energy expenses.

Gas Market Insights

Average Gas Price: 110.98p/th

Change: Down 5.51% from last week’s 117.45p/th

Gas prices fell this week, presenting a potential opportunity to secure lower rates for your business. Strong LNG supplies and milder weather forecasts contributed to this decline, ensuring a well-balanced system.

What This Means for You:

If your business relies heavily on gas, now may be a good time to lock in lower rates before colder weather drives demand higher in the coming months.

Key Highlights:

Supply Levels Are Strong: With 11 LNG cargoes arriving soon, the market is well-supplied, helping keep prices down.
Weather Is Helping Too: Milder temperatures reduced heating demand later in the week.
Power Demand Spikes: Slight increases in gas-for-power demand midweek didn’t significantly disrupt the overall balance.

Electricity Market Insights

Average Gas Price: £136.21/MWh

Change: Up 30.94% from last week’s £104.00/MWh

Electricity prices saw a sharp increase this week, driven by volatile wind generation and colder periods that caused spikes in demand.

What This Means for You:

Higher electricity prices can impact your operational costs. Understanding when prices are likely to stabilise can help you better manage these increases.

Key Highlights:

Wind Generation Volatility: Early in the week, wind output was strong, but midweek dips forced reliance on gas-fired power stations, pushing prices higher.

Demand Peaks: Colder conditions midweek drove significant spikes in electricity demand, keeping prices elevated.

Friday Surge: Prices closed at £215.47/MWh due to further drops in wind output and increased heating demand.

Oil Market Insights

Average Brent Crude Price: £72.45/barrel

Change: Down 0.99% from last week’s £73.17/barrel

Oil prices remained stable this week, with slight fluctuations caused by geopolitical tensions and demand projections.

What This Means for You:

If your business is impacted by oil prices (e.g., transport or logistics), the current stability can help with predictable costs, but keep an eye on geopolitical risks for future volatility.

Key Highlights:

Geopolitical Tensions: Regional instability following the ousting of Syria’s president added early-week risk premiums.

China’s Growing Demand: Looser monetary policy and increased crude imports from China provided midweek support for oil prices.

EU Sanctions: Further sanctions on Russian oil tightened supply midweek, balancing otherwise bearish market sentiment.

How These Trends Affect You

Gas Prices Are Down: A great time to review your contracts and consider locking in a better deal.
Electricity Prices Are Up: Monitor your energy usage carefully and look for ways to manage demand during peak times.
Oil Prices Are Stable: While stable for now, keep an eye on developments in global supply and geopolitical tensions.

Looking Ahead: What to Expect Next Week

Weather: Continued mild temperatures could keep gas demand lower, stabilising prices.
LNG Arrivals: Strong supply conditions are expected to persist, balancing the gas market.
Renewables: Higher wind generation may ease electricity prices, but any drops in output could cause further spikes.
Geopolitical Developments: Ongoing tensions in the Middle East could impact oil prices, creating uncertainty.

Your Next Steps

The energy market is constantly changing, but with the right insights and guidance, you can turn these fluctuations into opportunities.

At Smart Energy Company , we help businesses like yours secure the best energy contracts by monitoring market trends and providing expert advice tailored to your needs.

Want to know if it’s the right time to lock in gas prices?

Concerned about rising electricity costs?

We’re here to help. Contact us today to review your energy options and protect your bottom line.

Empower Your Energy Choices

Why Choose Smart Energy Company?

Trusted Expertise

With 100% 5-star reviews on Trustpilot, our clients trust us to deliver exceptional service and value.

Real-Time Insights

Access live market insights that empower you to make informed energy decisions tailored to your business needs.

Personalised Support

Our dedicated team provides tailored advice and ongoing support to ensure you never miss a renewal and always get the best deal.

UK Energy Market Trends 2024: Gas and Electricity Prices, Insights, and Tips for Businesses

tom@smart-energy.uk (Thomas McGlynn) — Fri, 06 Dec 2024 12:11:50 GMT

2024 Energy Market Review: What Businesses Need to Know

The energy market in 2024 was nothing short of dynamic. From fluctuating gas and electricity prices to the impact of geopolitical events and unpredictable weather patterns, the year brought challenges and opportunities for UK businesses.

In this review, we break down the trends that shaped the UK energy market, provide insights for decision-making, and offer a glimpse into 2025.

Key Highlights of 2024

Gas Prices: Averaged 82.50p/therm, with sharp rises during colder months and supply challenges.

Electricity Prices: Averaged £74.87/MWh, reflecting the influence of renewable energy fluctuations and rising gas costs.

Geopolitical Tensions : Events such as the Russia-Ukraine conflict and Middle Eastern unrest drove market volatility.

Weather Patterns : Colder-than-average periods, particularly in the winter months, increased heating demand.

Renewables : Wind generation played a key role, with lower output driving reliance on gas-fired power plants.

Month-by-Month Analysis

January – A Cautious Start

Gas peaked at 89.00p/therm due to cold weather and limited exports.
Electricity averaged £80.00/MWh, with high wind generation stabilising costs.

February – A Mixed Bag

Gas prices eased mid-month to 56.25p/therm but closed higher due to colder weather.
Electricity prices rose to £70.00/MWh, reflecting reduced wind speeds.

March – Supply Pressures

Gas averaged 67.35p/therm, with a mid-month peak of 75.20p/therm.
Electricity saw £69.50/MWh on average, with low wind output driving reliance on gas.

April to June – Volatile Spring

April: Gas prices fluctuated between 63.50p/therm and 83.50p/therm due to supply disruptions.
May: Electricity peaked at £75.00/MWh, driven by reduced wind and higher demand.
June: Gas rose to 84.50p/therm, with geopolitical risks adding pressure.

July to September – Summer Stability with Spikes

Wind generation improved in July, lowering electricity prices briefly to £64.00/MWh.
Gas surged in September to 93.33p/therm, driven by colder weather and supply constraints.

October and November – Winter Pressures

Gas prices hit 121.90p/therm in November, reflecting record heating demand.
Electricity reached a high of £113.00/MWh, driven by reduced renewables.

Year in Review: Trends and Insights

2024 was shaped by:

Geopolitical Challenges: Uncertainty from the Russia-Ukraine conflict and Middle Eastern tensions kept markets volatile.

Renewable Dependence: Wind and solar generation played a growing role, but periods of low output highlighted the reliance on gas-fired plants.

Colder Winters: These drove demand spikes, particularly in Q4.

Frequently Asked Questions (FAQs)

Looking Ahead: Forecast for 2025

As we move into 2025, several trends are likely to shape the market:

Renewable Growth: Increased investments in wind and solar are expected to stabilise electricity prices during peak demand periods.

Weather Uncertainty: Climate unpredictability will continue to drive seasonal price fluctuations.

Geopolitical Tensions: Ongoing global conflicts could disrupt supply chains, particularly for gas.

Storage Innovations: Advances in energy storage could reduce reliance on gas during low renewable output periods.

Conclusion: 2024 in Retrospect

2024 was a challenging yet insightful year for the UK energy market. Businesses faced significant volatility, but those who stayed informed were better prepared to manage costs.

At The Smart Energy Company, we provide expert insights and tailored solutions to help you navigate these complex markets. Whether you’re looking to renew your contract or explore new options, we’re here to help.

Take Control of Your Energy Costs

Get in touch today for your free energy quote and let us secure the best deals for your business. Our team at Smart Energy Company is dedicated to helping you navigate the energy market, ensuring you never miss a renewal and always get the best rates available. Contact us now to start saving!

Scottish Power Out of Contract Rates – Effective 1st January 2025

tom@smart-energy.uk (Thomas McGlynn) — Thu, 05 Dec 2024 14:58:37 GMT

Avoid Higher Costs with ScottishPower's Standard Variable Price Plan

If your business energy contract with Scottish Power has ended, and you haven't signed a new agreement or switched to another supplier, you'll automatically move onto their out-of-contract rates. These rates apply to electricity and gas customers under standard variable terms, often at a higher cost than contracted agreements.

In this blog, we'll break down Scottish Power’s current rates and explain how The Smart Energy Company can help secure a better deal for your business.

What Are Scottish Power’s Out of Contract Rates?

Scottish Power’s out-of-contract rates are applied when a business hasn't renewed its contract or switched suppliers. These rates include:

Electricity Rates: Divided by meter type, region, and time of use (standard, economy 7, evening/weekend, etc.).

Gas Rates: Tiered by consumption bands.

Standing Charges: A fixed daily charge for both electricity and gas, which also varies by region.

Scottish Power Out of Contract Electricity Rates – January 2025

Pay by Direct Debit

Pay Quarterly by Cash or Cheque

Scottish Power Out of Contract Electricity Rates – January 2025

Pay by Direct Debit

Pay Quarterly by Cash or Cheque

How Npower Default Rates Impact Your Business

Remaining on Scottish Power's out-of-contract rates can lead to:

Increased Energy Costs:
Rates for electricity and gas are significantly higher than contracted rates.

Reduced Budget Predictability :
Variable rates make it difficult to predict and manage energy expenses.

Missed Opportunities for Savings:
Fixed-term contracts typically provide more competitive rates and better cost control.

How The Smart Energy Company Can Help

At The Smart Energy Company, we specialise in helping businesses avoid excessive out-of-contract rates by securing the best deals available.

Here’s how we assist:

Comprehensive Market Comparison:
We compare rates across 25+ trusted suppliers to find the most competitive options for your business.

Seamless Transition:
From contract negotiation to supplier switching, we handle everything for you.

Cost-Saving Expertise:
Our tailored solutions ensure you secure the best rates for your energy usage.

Proactive Contract Management:
Never risk rolling onto out of contract rates again—our team ensures you’re always on the best plan.

FAQs About Scottish Power Out of Contract Rates

Take Action Today

Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.

Contact us today for a free, no-obligation quote:

Call us : 0151 459 3388

Email us : info@smart-energy.uk

Get a quote online :

Overview of November’s Energy Market: Gas, Power, and Oil Insights

tom@smart-energy.uk (Thomas McGlynn) — Mon, 02 Dec 2024 14:52:59 GMT

Overview of November’s Energy Market

November 2024 saw a significant rise in energy prices across the UK’s gas and power markets, driven by colder weather, supply-side constraints, and heightened geopolitical tensions. As businesses prepare for winter, understanding the factors behind these changes is essential for planning ahead and managing costs effectively.

In this report, we’ll delve into November's gas, power, and oil market trends, compare them to October's figures, and provide a forecast for December.

Key Highlights for November 2024

Gas Market: The average gas price in November was 112.26p/th , up 13.76% from ctober's 98.69p/th . This increase reflects heightened heating demand and supply constraints during the colder period.

Power Market: Electricity prices in November averaged £102.86/MWh , an increase of 16.85% from October’s £88.05/MWh , driven by lower wind generation and reliance on gas-fired power plants.

Gas Market Overview: November 2024

The gas market experienced notable volatility throughout November. Prices rose steadily due to colder-than-average temperatures and supply-side constraints, particularly from unplanned maintenance and strong gas-for-power demand.

Key Drivers:

Colder Weather: November brought significantly colder temperatures, driving increased heating demand across the UK.
Supply Constraints: Norwegian maintenance and reduced LNG sendouts contributed to tighter supply, particularly in mid-November.
Geopolitical Tensions: Escalation in the Russia-Ukraine conflict raised concerns over gas transit routes, adding upward pressure to prices.

Updated Gas Prices:

Start of the Month: 97.40p/th (1 November 2024)
End of the Month: 116.50p/th (29 November 2024)
Highest Price: 121.90p/th (21 November 2024)
Lowest Price: 97.40p/th (1 November 2024)
November Average: 112.26p/th

Updated Electricity Prices:

Start of the Month: £107.75/MWh (1 November 2024)
End of the Month: £95.00/MWh (29 November 2024)
Highest Price: £113.00/MWh (12-13 November 2024)
Lowest Price: £64.00/MWh (22 November 2024)
November Average: £102.86/MWh

Power Market Overview: November 2024

Electricity prices also saw sharp increases in November, driven by colder weather, reduced wind generation, and a greater reliance on gas-fired power plants. This trend was consistent throughout the month, with peaks in mid-November as gas prices climbed further.

Key Drivers:

Lower Wind Generation: Wind speeds remained below seasonal norms for much of November, reducing renewable energy output.
Gas-for-Power Demand: As gas prices increased, so did the cost of gas-fired electricity generation, contributing to higher power prices.
Temperature Drops: A colder-than-average November saw increased electricity demand for heating, particularly during the second half of the month.

Oil Market Overview: November 2024

Brent crude prices fluctuated throughout November, averaging $72.81 per barrel . The market was influenced by heightened geopolitical tensions, particularly in the Russia-Ukraine conflict, as well as concerns about global demand and OPEC+ production cuts.

Key Drivers:

Russia-Ukraine Conflict: Escalation in the conflict raised concerns about supply disruptions, pushing prices higher at times.
OPEC+ Decisions: Expectations of delayed production increases supported prices, though concerns over weaker global demand kept gains in check.
Global Demand Concerns: Slower economic growth in major markets like China and the Eurozone weighed on prices throughout the month.

Oil Prices:

Highest Price: $74.23 per barrel (22 November 2024)
Lowest Price: $68.72 per barrel (28 November 2024)
November Average: $72.81 per barrel

Looking Ahead: December 2024 Forecast

As we move into December, several factors could influence gas and power prices:

Weather Conditions: Prolonged colder-than-average temperatures could sustain high demand for gas and electricity.
Supply Uncertainty: Ongoing geopolitical tensions and potential disruptions in Norwegian gas flows or LNG shipments could tighten supply further.
Renewable Energy Output: Wind speeds are expected to increase, which may alleviate some of the upward pressure on electricity prices.
OPEC+ Decisions: Continued monitoring of oil output policies will shape global energy dynamics into the new year.

Conclusion

November 2024 brought significant increases in gas and electricity prices, reflecting colder weather, supply-side challenges, and geopolitical uncertainty. With winter in full swing, businesses must remain vigilant and proactive in securing favourable energy rates.

At The Smart Energy Company , we provide expert guidance to help businesses navigate market volatility and make informed decisions. Contact us today for a free quote and see how current market trends could impact your energy contracts.

Need Tailored Advice for Your Business?

Weekly Energy Market Update: 25th – 29th November 2024

tom@smart-energy.uk (Thomas McGlynn) — Mon, 02 Dec 2024 14:22:45 GMT

Overview of This Week's Energy Market

This week has seen notable movements in gas, electricity, and oil prices, driven by changing weather conditions, strong LNG arrivals, and easing geopolitical tensions. Below, we break down the key developments across the markets to help you understand what’s driving prices and how it could impact your business.

Gas Market Insights

Average Gas Price : 117.45p/th
(Down 0.39% from last week’s average of 117.91p/th)

Gas prices trended slightly lower this week as stable LNG supplies and milder weather reduced heating demand. However, midweek saw a temporary spike due to colder temperatures and reduced wind power generation.

Key Highlights :

LNG Arrivals : The UK’s LNG sendout remained robust, balancing the market despite minor maintenance at Norwegian facilities midweek.

Weather Impact : Early forecasts for colder temperatures pushed demand higher on Tuesday but were balanced by milder conditions towards the end of the week.

Supply Stability : South Hook LNG terminal maintained strong sendout levels, with high stock volumes ensuring a secure supply position.

Daily Movements :

Start of the Week : Prices began easing as LNG cargo arrivals supported supply.

Midweek : Slight increases in demand due to colder, calmer conditions temporarily lifted prices.

End of the Week : Prices softened again, with average demand returning to normal.

Power Market Insights

Average Electricity Price : 104.00 £/MWh
(Up 9.99% from last week’s average of 94.55 £/MWh)

Power prices rose notably this week, primarily influenced by fluctuations in wind generation and demand shifts due to varying weather patterns.

Key Highlights :

Wind Generation : Forecasts showed wind output rising to 16.5GW/day at the start of the week, reducing reliance on gas-fired power stations.

Temperature Trends : Above-average temperatures reduced heating demand midweek, helping to keep prices in check.

Demand Volatility : Despite higher wind output, demand fluctuations during colder periods kept power prices elevated.

Oil Market Summary

Brent Crude Average: £73.17/barrel

Oil prices were relatively stable this week, with small fluctuations driven by geopolitical developments and changes in global supply dynamics.

Key Highlights:

Ceasefire Impact: A ceasefire deal between Israel and Lebanon initially reduced risk premiums in the oil market, bringing prices down early in the week.

Midweek Stability: Prices stabilised after a surprise increase in US gasoline stock levels.

End of the Week: Renewed tensions along the Israel-Lebanon border provided slight upward pressure.

Weekly Trends and Analysis

Gas and Power Movements :

Gas prices fell as strong LNG supplies and reduced heating demand balanced the market.

Power prices rose slightly due to intermittent wind generation and colder periods increasing heating demand.

Market Outlook for Next Week

Looking ahead, here are the key factors to watch:

Weather Conditions : Milder temperatures are expected to continue into early December, potentially reducing gas and power demand.
LNG Arrivals : Strong LNG supplies are forecast to persist, maintaining a stable supply outlook.
Geopolitical Stability : While the ceasefire in the Middle East has eased concerns, any escalation could add volatility to gas and oil prices.
Wind Power : Increasing wind generation could offset demand for gas-fired power, keeping electricity prices in check.

What This Means for Your Business

Volatility in energy markets highlights the importance of securing contracts at the right time. Falling gas prices and strong supply conditions may present opportunities to lock in favourable rates before colder winter periods drive demand higher.

At Smart Energy Company , we monitor market movements daily, providing insights and tailored advice to help your business secure the best deals.

Stay Informed with Smart Energy Company

Keep your business ahead of the curve with our tailored energy solutions. Request a free quote today, subscribe to our weekly market updates, and explore in-depth market insights to ensure you always secure the best energy deals.

Energy Ombudsman Dispute Award Doubles to Support Small Businesses

tom@smart-energy.uk (Thomas McGlynn) — Fri, 29 Nov 2024 12:18:42 GMT

What the Increased Dispute Award Means for Small Businesses

The Energy Ombudsman has announced a major update to its non-domestic dispute resolution process. From 19 December 2024, the maximum award for disputes will double from £10,000 to £20,000. This change aims to better address the needs of small businesses, particularly those with higher energy usage and turnover.

Why This Matters to Your Business

Small businesses often depend on reliable energy supply contracts to maintain operations. Disputes over billing errors or contract terms can cause significant disruption. By increasing the award, the Ombudsman provides enhanced financial protection for small businesses, ensuring fair resolutions are available for disputes with energy suppliers.

How to Leverage the Energy Ombudsman’s Support

With the Ombudsman’s remit expanding to include businesses with fewer than 50 employees, almost every UK business can now access its services. This means disputes with suppliers can be resolved impartially, with free support to ensure fair outcomes.

If your business encounters issues such as overbilling, contract disputes, or service interruptions, turning to the Ombudsman could provide a much-needed resolution—now with the potential for greater compensation.

Safeguard Your Business Energy Contracts

While the Ombudsman provides recourse for disputes, preventing issues in the first place is key. Ensuring your energy contracts are transparent and competitive is crucial to avoiding costly errors or misunderstandings.

That’s where we come in. At Smart Energy Company, we specialise in helping UK businesses navigate the complex energy market. From securing the best rates to reviewing contracts for potential pitfalls, we’ve got you covered.

Why Choose Smart Energy Company for Your Business Energy Needs?

With rising energy costs and increased consumption, businesses can’t afford to take risks with their energy suppliers. Smart Energy Company offers tailored support to ensure your contracts are designed for your needs, avoiding common pitfalls that lead to disputes.

Our services include:

Comparative analysis of energy suppliers and rates.

Detailed contract reviews to ensure transparency.

Ongoing support to address billing or service issues.

Take Control of Your Energy Costs Today

Don’t wait until disputes arise. Be proactive in managing your energy contracts and costs. Contact us today for a free consultation and see how we can help your business save on energy while avoiding future conflicts.

The Energy Ombudsman’s updated award is a step in the right direction for small businesses, but the best way to protect your business is by having the right energy partner. Let Smart Energy Company help you secure competitive energy rates and ensure you’re never caught off guard.

Click to get your free business energy quote and start saving today!

Weekly Wholesale Energy Market Update (Ending 22/11/2024)

tom@smart-energy.uk (Thomas McGlynn) — Wed, 27 Nov 2024 09:46:16 GMT

UK Weekly Energy Market Update: 18th - 25th November 2024

Overview of This Week's Energy Market

This week has seen significant fluctuations in gas and electricity prices, driven by colder temperatures, increased demand, and geopolitical tensions. Below, we’ll break down the major developments across gas, power, and oil markets, helping you stay informed and plan for your energy needs.

Gas Market Insights

Average Gas Price: 117.91p/th

Gas prices increased notably this week due to a combination of supply disruptions, colder-than-average temperatures, and increased demand for gas-for-power generation.

Key Highlights:

Colder Weather: As temperatures dipped sharply midweek, demand for gas rose by 17-26mcm/d, with the UK grid under pressure to balance supply and demand.
Norwegian Supply: Unplanned outages at Norway’s Åsgard field reduced flows to the UK early in the week, although production resumed by Wednesday.
LNG Boost: LNG sendouts surged to 74mcm/d to compensate for lower pipeline flows, ensuring the UK’s supply remained stable.

Daily Movements:

Thursday: Gas prices peaked at 121.90p/th, driven by bullish market sentiment and colder temperatures.
Friday: Prices softened slightly to 115.50p/th, as temperatures began to normalise and supply from Norway increased.

Power Market Insights

Average Electricity Price: 94.55 £/MWh

Electricity prices fell slightly this week, influenced by increased wind generation and warmer weather forecasts for late November.

Key Highlights:

Wind Generation: Forecasted wind output surged to 16.5GW/day, reducing reliance on gas-fired power generation.
Demand Fluctuations: Power demand dropped midweek due to above-average temperatures but remains volatile due to colder spells forecasted for December.
Bullish Midweek: Electricity prices peaked at 105.75 £/MWh on Thursday, as low wind speeds coincided with higher heating demand.

Oil Market Insights

Brent Crude Average: ~$73.30/barrel

The oil market experienced volatility due to geopolitical tensions and fluctuating global supply conditions.

Key Highlights:

Geopolitical Risks: The Russia-Ukraine conflict escalated, with missile strikes from both sides raising concerns about potential disruptions to crude oil supplies.
Norwegian Production: The Johan Sverdrup oilfield resumed operations midweek after a brief outage, stabilising global supply.
End-of-Week Rally: Oil prices rebounded on Friday to $74.23/barrel, supported by risk premiums from the ongoing conflict.

Weekly Trends and Analysis

Gas and Power Price Movements:

Compared to last week, gas prices rose by 4.3%, reflecting increased heating demand due to colder-than-average temperatures.

Electricity prices fell by 1.6%, largely due to stronger wind generation and above-average temperatures towards the end of the week.

Market Outlook for Next Week:

Temperatures: A brief return to seasonal normals is expected, followed by another cold spell in early December, which could drive demand higher.
Supply: LNG cargo arrivals and Norwegian pipeline flows are expected to stabilise, maintaining a comfortable supply position.
Geopolitical Factors: Continued tensions in Ukraine and the Middle East could add volatility to gas and oil markets.

Charting the Bigger Picture

Last 12 Months: Energy Market Movements

Over the past year, both gas and electricity prices have shown significant volatility. This week’s price increases reflect a broader trend of supply-side pressures during colder months.

What This Means for Your Business

Volatility in the energy markets continues to highlight the importance of locking in favourable rates. At The Smart Energy Company, we monitor market movements daily to help businesses like yours secure the best deals at the right time.

Stay Ahead of the Market

To receive updates like these straight to your inbox or get expert advice on securing the best energy rates, sign up for our free market insights or get a quote today .

Crown Gas & Power Expands to Electricity for SMEs: What You Need to Know

tom@smart-energy.uk (Thomas McGlynn) — Tue, 08 Oct 2024 14:08:30 GMT

A New Supplier In Town!

Good news for SMEs—Crown Gas & Power now offers business electricity, adding another strong option to the market. This expansion means greater competition among suppliers, ensuring you have more opportunities to secure the best possible rates for your business. At The Smart Energy Company, we help you take advantage of this increased competition by comparing Crown Gas & Power’s offerings with rates from over 25 other suppliers, ensuring you get the most competitive deal.

About Crown Gas & Power’s Electricity Services

Crown Gas & Power has been a trusted name in the energy market for years, supplying gas to UK businesses since 2001. With their recent move into electricity supply, they are now able to meet the needs of SMEs looking for both gas and electricity solutions. Through our partnership with Crown Gas & Power, we at The Smart Energy Company can help you get a tailored quote that suits your business needs.

Key Benefits of Crown Gas & Power’s Electricity Services

Fully Fixed Pricing: Crown Gas & Power’s YouFix plan offers budget certainty, allowing you to control and monitor monthly electricity expenses. This plan is available for both Half Hourly and Non-Half Hourly meters, ensuring flexibility for different business needs.

Renewable Electricity: For businesses aiming for sustainability, Crown Gas & Power offers REGO-backed renewable electricity contracts. This option allows you to reduce your carbon footprint while supporting the journey to Net Zero.

Tailored Pricing: Their 100% tailored approach means contracts are customised to suit your specific business requirements.

Why Get Your Quote Through The Smart Energy Company?

Partnering with Smart Energy gives you access to Crown Gas & Power’s electricity offerings while also allowing you to compare rates from over 25 other suppliers. Here’s why you should let us handle your quote:

Save Time: No need to gather quotes from multiple suppliers yourself. We do the work, providing you with competitive options.

Maximise Savings: With access to suppliers’ base rates, we can secure better deals than what you might find independently.

Tailored Solutions: We focus on your business’s unique needs, offering contracts that match your budget and energy usage.

The Time to Act Is Now

Crown Gas & Power’s new electricity offering is an excellent opportunity for SMEs looking to save on energy costs. Through The Smart Energy Company, you can access competitive pricing and find the best fit for your business needs—whether you’re looking for a short-term solution or a fixed-rate plan.

Ready to explore your options and secure the best electricity rates? Contact The Smart Energy Company today for a free consultation , and let us help you navigate the expanded market to find the perfect solution for your business.

Contact Information:

0151 459 3388
info@smart-energy.uk

Opus Energy Ceased Trading in September 2024: What Happens Next?

tom@smart-energy.uk (Thomas McGlynn) — Thu, 03 Oct 2024 15:58:17 GMT

What Does Opus Energy Ceasing Trading Mean for Your Energy Contract?

As of September 2024 , Opus Energy ceased trading , and your contract has now been transferred to EDF Energy . This change might leave you wondering what impact it will have on your rates and what your next steps should be.

At The Smart Energy Company , we’re here to help you understand this transition and plan your next move to ensure you're not overpaying for energy. Here’s everything you need to know about the switch and what you can do to protect your business.

Your Energy Supply Is Safe, But What About Your Contract?

Your energy supply remains intact, but your Opus Energy contract is now under EDF Energy’s management. Depending on whether you were on a fixed or variable tariff, your contract details might have changed:

Fixed-Term Contracts:

If you were on a fixed-term contract with Opus Energy, the good news is that your rates, terms, and conditions will stay the same until the contract ends. However, once your contract is up for renewal, you may face different rates, especially given the current state of the energy market.

Variable Tariff Contracts:

For customers on a variable tariff , the situation is a bit different. Your tariff has been moved to the closest EDF Energy equivalent, which could mean new prices and terms. This could result in higher bills, so it’s essential to review your new contract carefully.

Can You Switch Suppliers After Opus Energy Ceased Trading?

Now that Opus Energy has ceased trading, you might be considering switching to a different supplier. Here's what you need to know:

Fixed Contracts: If your contract was fixed, EDF will continue to honour it until the end of the term. While you can’t switch during the contract, now is the time to start planning for your next deal. You don’t want to be stuck with out-of-contract rates once your term ends.

Variable Contracts: If you were on a variable tariff with Opus Energy, you have the freedom to switch suppliers right away. This might be a smart move, especially if EDF’s rates aren’t as competitive as other suppliers.

Why You Should Review Your Rates Now

With Opus Energy’s exit from the market and the volatility in energy prices, it’s more important than ever to review your rates and explore your options. Failing to act could result in rolling onto out-of-contract rates , which are typically much higher.

If your contract is nearing its end, this is the perfect time to compare live rates across different suppliers. Locking in a fixed rate could shield your business from future price hikes.

What Should You Do Next?

1. Review Your Current Contract:

Your contract has now transferred to EDF Energy , but are the rates still competitive? Review your new contract and determine whether switching to a different supplier might offer better savings.

2. Compare Market Rates:

The energy market is constantly shifting. We recommend comparing rates now to avoid rolling onto more expensive tariffs. Our team at The Smart Energy Company can help you access live market rates from over 20 suppliers, so you can lock in the best deal.

3. Plan Ahead to Avoid Future Price Rises:

If you’re on a fixed contract, start planning for your next renewal now. This way, you can avoid being caught off guard by out-of-contract rates and ensure you get the most competitive pricing when it’s time to switch.

Our Expertise Can Help You Secure a Better Deal

At The Smart Energy Company , we specialise in helping businesses navigate complex transitions like this one. Whether you’re considering a switch from EDF Energy or looking to lock in a new deal for the future, our team is here to guide you.

Here’s How We Can Help:

Free contract reviews : We’ll help you assess your current contract and determine if you can save by switching.

Live market comparisons : Get access to the most competitive rates from a wide range of suppliers.

Proactive planning : Even if your contract isn’t up for renewal yet, we’ll help you stay ahead of the market and avoid price hikes.

Act Now to Secure Your Energy Savings

As energy prices continue to rise due to geopolitical tensions and market volatility, now is the time to take action. The end of your Opus Energy contract presents a prime opportunity to lock in better rates and save your business money in the long run. Don't wait until it's too late—contact us today for a free energy review and discover how we can help you navigate the market for the best deals.

BES Utilities Rebrands as Ruby Energy: What Current and Future Customers Need to Know

tom@smart-energy.uk (Thomas McGlynn) — Fri, 16 Aug 2024 10:50:32 GMT

Stay Informed: Npower’s Default Rates Explained

The recent rebranding of BES Utilities to Ruby Energy has stirred significant interest in the UK energy market. For both current and potential customers, understanding the implications of this change is crucial, especially given the turbulent history associated with BES Utilities.

Why BES Utilities Rebranded as Ruby Energy

BES Utilities, long known for its significant presence in the business energy sector, has undergone a major transformation by rebranding to Ruby Energy. This rebrand follows a series of legal challenges and customer service issues that have plagued BES in recent years. The move to Ruby Energy is positioned as a fresh start, but whether it will successfully distance the company from its controversial past remains uncertain.

BES Utilities: A Look at the Past

Before becoming Ruby Energy, BES Utilities was embroiled in various controversies, including the fraud conviction of its former owner, Andrew Pilley. Customers reported issues such as hidden fees, poor customer service, and lack of transparency. As Ruby Energy, the company claims to be committed to better service and a cleaner energy mix, but prospective customers should approach with caution.

What Does Ruby Energy's Rebrand Mean for You?

The transition from BES Utilities to Ruby Energy raises questions about whether the new brand can overcome the legacy of its predecessor. While Ruby Energy promises improved customer service and a greater focus on renewable energy, it’s essential to critically assess these claims. At The Smart Energy Company, we’ve conducted a thorough review of Ruby Energy and its fuel mix to help you make an informed decision. You can read our full review here.

Key Considerations: Is Ruby Energy the Right Supplier for Your Business?

As you evaluate whether to switch to Ruby Energy (formerly BES Utilities), consider the following:

Pros : Flexible contracts, energy efficiency advice, and online account management.
Cons : History of poor customer reviews, hidden fees, and limited transparency.

For more details, including our full assessment of Ruby Energy’s service offerings, visit our dedicated page on BES Utilities/Ruby Energy.

Stay Updated on Ruby Energy

As Ruby Energy continues to grow, it's essential to keep abreast of the latest developments. Our insights provide you with timely updates on energy suppliers, including Ruby Energy, ensuring you make informed decisions.

Market Insights

Discover how market trends can impact your energy costs. We offer valuable insights that help you navigate the energy landscape effectively.

Contact Us

Have questions or need assistance? Reach out to our team for expert guidance on your energy procurement needs.

Dyce Energy and Yü Energy Forge New Partnership: What It Means for You

tom@smart-energy.uk (Thomas McGlynn) — Wed, 14 Aug 2024 09:59:42 GMT

We’re excited to share some important news from one of our key energy suppliers, Dyce Energy. They’ve recently established a new 3-year partnership with Yü Energy, which promises to bring enhanced security of supply, improved billing processes, and continued exceptional customer service. Here’s what you need to know about this new collaboration and how it might affect your energy supply and billing.

The New Dyce Energy & Yü Energy Partnership

Dyce Energy and Yü Energy have signed a 3-year white label agreement, which replaces their previous operational framework. This strategic partnership is designed to strengthen the overall service offered to customers by leveraging the strengths of both companies.

What’s Changing?

Billing and Payments:

Under the new agreement, Yü Energy will take over direct billing for customers. This means you will receive a dual-branded bill featuring both Dyce Energy and Yü Energy logos. Payments will now be made directly to Yü Energy via Direct Debit or BACs.

If you are already set up for Direct Debit payments, Dyce Energy will work to automatically transfer these to Yü Energy, minimising any disruption to your payment processes. Further details on this transition will be communicated shortly.

BACs Payments:

For customers making BACs payments, it is crucial that all future payments are made directly to Yü Energy using the following account details:

Yü Energy Account Details

Account Name: YRL T/A YU ENERGY
Account Number: 11029711
Bank Sort Code: 16-16-18
Reference: Please use your customer account number as the reference

What Remains the Same?

Existing Contracts:
All current contracts, including agreed rates, will be honoured under this new partnership. There will be no changes to your existing agreements, ensuring continuity and stability.

Service Quality:
Dyce Energy’s commitment to outstanding customer service remains a top priority. They will continue to manage customer interactions and maintain the strong relationships they have built over the years.

What’s Next?

In the coming weeks, Dyce Energy and Yü Energy will reach out with more detailed information about the billing transition and any steps you might need to take. Their goal is to make this transition as seamless as possible, ensuring that you continue to receive reliable energy services without any interruptions.

Conclusion

This new partnership between Dyce Energy and Yü Energy is a positive development that aims to enhance the service and security of your energy supply. While there are some changes in billing processes, the commitment to delivering exceptional service remains unchanged.

As always, we’re here to support you through any transitions and to ensure that you’re well-informed and well-prepared. If you have any questions or concerns about how this partnership might affect your energy supply, please don’t hesitate to reach out to us.

Stay tuned for further updates, and thank you for continuing to trust us with your energy needs.

Scottish Power's £1.5M Fine for Overcharging – What Customers Should Know

tom@smart-energy.uk (Thomas McGlynn) — Wed, 17 Apr 2024 14:40:20 GMT

Have You Been Affected?

ScottishPower Energy Retail's admission to overcharging customers during the already tough times of the energy crisis has led to a hefty £1.5 million fine. With cost of living pressures skyrocketing, this blunder added to the burden many faced. Here's the scoop on how ScottishPower is addressing the issue and what it means for consumers.

The Breakdown of the Fine

The redress package is threefold:

Refunds : Approximately £250,000 will be returned directly to the pockets of the overcharged customers.

Goodwill Payments : An additional £250,000 will be distributed as goodwill gestures.

Community Support : £1 million is earmarked for Ofgem’s Energy Industry Voluntary Redress Fund, which backs projects helping the most vulnerable.

The Importance of Energy Price Caps

Ofgem's Deputy Director for Price Protection, Dan Norton, underlined the significance of the energy price cap. Designed as a safeguard, it's a buffer against unfair pricing practices. With energy rates hitting unprecedented highs, any overcharging incident only exacerbates consumers' woes.

ScottishPower’s Response to Overcharging

ScottishPower’s CEO of Customer Business, Andrew Ward, expressed remorse, emphasiing the timing's impact when energy prices were at a record high. The company's quick response and cooperation with Ofgem’s penalty terms show a commitment to resolving the issue and maintaining trust with its customer base.

What This Means for You

If you're a ScottishPower direct debit customer, it's crucial to review your statements and contact the company if you suspect you've been overcharged. ScottishPower's efforts to make amends reflect the broader industry's move towards transparency and customer-first approaches.

Final Thoughts

The incident is a wake-up call to energy providers about the critical importance of accurate billing and adhering to regulatory standards. It also underscores the need for consumers to stay informed and vigilant about their energy bills. As for ScottishPower, the redress package is a step towards rectifying the error and rebuilding consumer trust.

For more insights into energy market updates and to ensure you're getting fair rates, keep an eye on our Daily Energy Market Reports , Weekly , and Monthly Market Reports . And if you're considering a quote for immediate or future energy contracts, request a quote from us. Our commitment to transparency and customer satisfaction is unwavering.

Affected by the Scottish Power Overcharging Incident?

If you’re feeling the impact of the recent ScottishPower overcharging incident, don’t hesitate to reach out to us. Our team is here to ensure you’re not overpaying for your energy needs and to guide you on the best next steps.

Fleetwood Town and BES Utilities Owner Jailed for Fraud

tom@smart-energy.uk (Thomas McGlynn) — Thu, 07 Dec 2023 14:19:32 GMT

In a recent and shocking event, Andy Pilley, the former chairman of Fleetwood Town Football Club, was sentenced to jail for his involvement in a staggering multi-million pound fraud case. This revelation has sent ripples through the football community and revealed troubling practices within Pilley's company, BES Utilities. This blog post delves into the details of the scandal, focusing specifically on the misdeeds associated with BES Utilities and the implications for Pilley's personal life and the businesses involved.

The Fraudulent Scheme:

A thorough investigation conducted by trading standards unveiled deceptive practices orchestrated by Andy Pilley through his company, BES Utilities. It was found that BES Utilities, under Pilley's direction, mis-sold gas and electricity contracts, duping businesses into expensive energy agreements. BES Utilities even went so far as to post fabricated customer comments on websites to mislead potential clients.

Legal Consequences:

Following his conviction last month, Andy Pilley resigned as chairman and club director of Fleetwood Town Football Club. Pilley was found guilty of multiple charges, leading to a 13-year prison sentence. These charges directly relate to his activities at BES Utilities and his fraudulent business practices.

The Manipulation and Deception:

During the trial, it was revealed that Pilley created a false sense of independence for the sales team at BES Utilities. These salespeople were responsible for deceiving countless business proprietors into signing long-term, costly energy contracts with BES Utilities

The Fallout for BES Utilities and Fleetwood Town:

BES Utilities, the Fleetwood-based energy firm associated with Pilley, stated that the convictions only related to individuals and not the company itself. However, given that Pilley was a director, the scandal has inevitably cast a shadow over BES Utilities.

Impacts on the Victims:

The deceptive practices of BES Utilities have significantly harmed small business owners. These businesses were intentionally misled by BES Utilities into signing expensive and burdensome energy contracts. The conviction and sentencing of Andy Pilley is, in many ways, a victory for these victims.

Looking Ahead:

While Andy Pilley's imprisonment marks the end of this particular case, the effects of the BES Utilities scandal will continue to reverberate. Affected businesses and BES Utilities itself will need to work hard to rebuild their reputations.

Conclusion:

The shocking conviction and imprisonment of Andy Pilley, the former chairman of BES Utilities, has served as a stark reminder that corruption can occur even in prominent businesses like BES Utilities. As victims seek to recover and as BES Utilities attempts to move forward, questions remain about how to prevent similar fraud in the future.

Your Energy Future Starts Here

Affected by Fraudulent Contracts from BES Utilities?

If you were impacted by the fraudulent contracts from BES Utilities, reach out to us at The Smart Energy Company. We specialise in guiding businesses through energy contracts to discover more suitable solutions. Don’t let past mistakes dictate your energy future. Let’s work together to explore smarter energy choices that benefit your business moving forward.

Ofgem Investigates BES Utilities: Compliance with Non-Domestic Standards

tom@smart-energy.uk (Thomas McGlynn) — Fri, 01 Sep 2023 14:44:46 GMT

Originally posted September 2023

Ofgem has once again turned its regulatory gaze towards BES Utilities, a move that resonates throughout the non-domestic energy sector. Amidst a backdrop of previous legal challenges, including a fraud case involving the company's owner, the new investigation, initiated on 26th September 2023, suggests a deeper compliance issue.

From Previous Penalties to Present Probes

After a history of regulatory interactions dating back to 2015, BES faces fresh scrutiny. Ofgem's current investigation into potential violations of Standard Licence Condition 7.3 is set against a stark reminder of the company's past breaches, underlining a persistent pursuit for market fairness.

The Investigation Unpacked

The inquiry into BES Utilities seeks to ensure adherence to regulations guarding against unfair 'deemed contract' terms. While not an outright indictment, it's a clear signal that vigilance is paramount. With Ofgem's stringent regulatory framework, consequences for non-compliance could be severe.

In addition to the regulatory scrutiny, BES Utilities faces challenges with legal ramifications at the executive level. Recent developments saw the jailing of their Managing Director for fraudulent practices related to energy contracts. This event has amplified concerns and underscores the importance of thorough contract reviews for current customers.

For detailed insights into these events, you can read more about the case on our blog post about the BES Utilities owner's legal issues .

The Broader Market Implications

This probe occurs amidst a wider review by Ofgem, highlighting the regulator's dedication to consumer protection and ethical market conduct. The outcome of such scrutiny could have far-reaching implications, stressing the need for transparency and integrity in energy supply.

Guidance for BES Customers

In these uncertain times, BES customers should review their contracts and billing to ensure fairness and correctness. We offer detailed insights and updates on the energy market, including the latest offerings from various suppliers, on our Supplier Updates Page .

Your Next Steps

Concerned BES customers are encouraged to act. Visit our Business Energy Quotes Page for a free, comprehensive bill review. Ensure you're not overpaying and explore the options that best suit your business needs.

Conclusion

As Ofgem continues its examination, The Smart Energy Company remains committed to providing the latest developments and supporting businesses through these complex times.

Don't navigate this alone; for an unbiased overview and proactive advice, get in touch for a no-obligation energy bill review.

Think You May Have Been Overcharged?

Concerns about your energy bill can be unsettling. If you're questioning the fairness of your charges due to the ongoing Ofgem investigation, you're not alone. The Smart Energy Company offers a free impartial energy audit to help you get to the bottom of your billing concerns. Reach out now for peace of mind.

�� Call us at 0151 459 3388 for your free energy audit and let's ensure you're getting the fair deal you deserve.

Important Announcement: OPUS Energy Exiting Gas Market

tom@smart-energy.uk (Thomas McGlynn) — Tue, 07 Mar 2023 16:12:41 GMT

OPUS Energy's Exit from the Gas Market: What This Means for You

In an unexpected turn of events, OPUS Energy has announced its decision to exit the gas market, starting from 01/02/2023. This announcement comes as a surprise to both existing and potential customers who were considering OPUS Energy as their gas supplier. As an experienced energy broker, we understand the challenges business owners face when finding the right energy supplier. In this blog post, we'll guide you through the implications of this exit and offer our services to help you secure competitive gas quotes from over 20 trusted suppliers.

What Does This Mean for Existing OPUS Energy Customers?

If You Have a Locked-In Contract

If you're currently an OPUS Energy customer with a locked-in contract, there's no need to worry. OPUS Energy has confirmed that it will honour all live contracts until their respective end dates. This means your gas supply will continue uninterrupted, and you won't face any premature contract termination.

However, it's important to remember that once your current contract expires, you will no longer have the option to renew with OPUS Energy for gas supply. Therefore, it's a good idea to start exploring alternative gas suppliers ahead of time.

If You're On a Rolling Contract

For customers on a rolling contract with OPUS Energy, the situation is slightly different. As OPUS Energy withdraws from the gas market, these contracts will come to an end once the supplier ceases to provide services. You will need to secure a new gas provider to ensure continued supply.

What About New Customers?

Unfortunately, OPUS Energy will no longer be signing new gas contracts. If you recently received a quote or were planning to switch to OPUS Energy upon contract renewal, you'll need to explore other gas suppliers in the market. This change could impact your decision-making process, so now is the time to act and secure an alternative provider.

Finding an Alternative Gas Supplier

With OPUS Energy's exit from the gas market, you may be feeling uncertain about where to turn for an alternative supplier. Don't worry — we are here to help! As an experienced energy broker, we have the expertise to guide you through this transition.

Why Use an Energy Broker?

Extensive Market Knowledge

As energy brokers, we have a deep understanding of the gas market. We stay informed about the latest industry trends, rates, and offerings from various suppliers. This allows us to provide you with up-to-date, relevant information and guide you toward the best options for your business.

Access to Multiple Suppliers

We work with over 20 trusted gas suppliers, giving us the ability to compare a wide range of pricing models, contract terms, and service levels. Our connections in the industry ensure you receive competitive quotes that are tailored to your needs.

Expert Advice and Support

Our team is dedicated to helping you find the most suitable gas supplier. We take the time to understand your specific energy needs, evaluate your usage patterns, and recommend suppliers based on factors such as pricing, contract flexibility, and customer satisfaction.

How Can We Help You Find an Alternative Gas Supplier?

Understanding Your Requirements

The first step in finding the right gas supplier is understanding your business’s unique energy needs. We work closely with you to assess your current usage patterns, desired pricing models, and contract preferences. This allows us to match you with the best suppliers who can meet your requirements.

Gathering Multiple Quotes

We will approach a variety of gas suppliers from our extensive network to gather quotes for you. By doing so, we can ensure that you have a range of options to choose from, helping you to make an informed decision on which supplier offers the best value for your business.

Comparing and Recommending

Once we've gathered the quotes, we’ll carefully compare them based on pricing structures, contract terms, customer service ratings, and the supplier's reliability. We will then provide a recommendation that suits your business goals and ensures you’re getting the best deal available.

Negotiating on Your Behalf

Our experienced team will negotiate directly with suppliers on your behalf to secure the best possible rates and terms. With our industry knowledge and established relationships, we’ll work to ensure you receive a cost-effective and advantageous contract.

Navigating the Transition: OPUS Energy's Exit

With OPUS Energy's recent exit from the gas market, uncertainty looms for both existing and potential customers. At Smart Energy Company, we understand the challenges this presents. You don’t have to face this transition alone. As your dedicated energy broker, we offer expert guidance and access to over 20 reputable suppliers, ensuring you receive competitive quotes tailored specifically to your business needs. Contact us today to simplify the process and secure a seamless transition to a reliable and cost-effective alternative supplier.

Email Us

info@smart-energy.uk

Call Us Today: 0151 459 3388

Call us

Gazprom Energy is now SEFE Energy

tom@smart-energy.uk (Thomas McGlynn) — Mon, 01 Aug 2022 14:19:34 GMT

Introducing SEFE Energy: Gazprom Energy’s New Chapter in Securing Europe’s Energy Supply

We are excited to announce that Gazprom Energy is now officially SEFE Energy . As part of the SEFE Group (Securing Energy for Europe) , this change marks a significant step forward for the company and reflects its repositioning to ensure energy security across Europe.

This transformation underscores SEFE Group’s commitment to playing a long-term role in the European energy market under the fiduciary management of Germany’s Federal Network Agency ( Bundesnetzagentur ).

Why the Name Change?

Since April 2022, SEFE Energy (formerly Gazprom Energy) has been under the trusteeship of the Bundesnetzagentur. The trusteeship was established to safeguard the security of Europe’s energy supply amidst shifting market dynamics.

The new name, SEFE (Securing Energy for Europe) , reflects the company’s renewed purpose to ensure energy security for businesses across Europe.

What Does This Change Mean?

For customers, vendors, suppliers, and partners, the impact of this rebranding is minimal:

Daily Operations Remain Unchanged:
SEFE Energy will continue to deliver the same high-quality service. The leadership and operational teams remain focused on providing energy solutions tailored to customers' needs.

Updated Branding:
SEFE Energy has introduced a new website at www.sefe-energy.co.uk , with all previous URLs redirected.

The company’s logo and branding have been updated to reflect the new name.

Legal Entity Unchanged:
SEFE Energy Limited remains the same legal entity as Gazprom Marketing & Trading Retail Limited, with only the company name updated. This ensures that all contracts and agreements remain valid and unaffected.

Email Updates Underway:
SEFE Energy is in the process of creating new email addresses, expected to be completed by September 2024.

Current emails will remain functional until the transition is complete.

Bank Details Updated:
The name on the company’s bank account has changed to SEFE Energy Limited.

Other bank details, including account numbers, remain unchanged.

Leadership and Financial Stability

SEFE Energy is poised for long-term success under its parent company, SEFE Marketing & Trading Limited (formerly Gazprom Marketing & Trading Limited) , and the broader SEFE Group.

Under the leadership of Dr. Egbert Laege , Managing Director of SEFE GmbH and Chairman of SEFE Energy Limited, the company has already achieved significant milestones:

Securing a €9.8 billion loan from Germany’s investment and development bank (KfW) to ensure financial stability.

The German Federal Government has committed to extending its trusteeship over SEFE Group and converting the KfW loan into equity.

A Word from SEFE Energy’s CEO

Julian Denée, SEFE Energy’s CEO, shared his enthusiasm for the company’s future:

“This significant change is a very welcome step forward for everyone at SEFE Energy. We are entering a new chapter, one we are all very excited about. Our customers and their changing needs continue to be our priority, and we feel very optimistic and confident about our future.”

FAQs About the SEFE Energy Name Change

Looking Forward

The transition from Gazprom Energy to SEFE Energy represents more than just a name change. It symbolises a commitment to ensuring energy security for businesses across Europe while maintaining the high level of service customers have come to expect.

For any questions regarding this change, contact SEFE Energy via the updated Contact Us page at www.sefe-energy.co.uk/contact-us , or speak with your account manager.

Drax Update: Changes to Energy Quotes for Small Usage Businesses

tom@smart-energy.uk (Thomas McGlynn) — Sun, 03 Apr 2022 11:10:24 GMT

Drax to Stop Offering Quotes for Businesses Using Less Than 30,000 kWh a Year

Drax has recently announced a significant change to its energy quoting policy. Due to evolving market conditions, they will no longer provide quotes to businesses using less than 30,000 kWh of electricity annually across their portfolio. This shift applies to new acquisitions, renewals, and Change of Tenancy contracts for clients below this usage threshold.

What Does This Mean for Your Business?

If Your Business Uses Less Than 30,000 kWh a Year

If your business falls below this threshold, Drax will no longer offer you quotes for:

New electricity contracts.

Renewals of existing contracts.

Change of Tenancy agreements.

What If You’re Already with Drax?

If you currently have an electricity supply contract with Drax and use less than 30,000 kWh a year:

Drax will continue to supply you until your contract end date.

Once your contract ends, you can switch to a supplier offering competitive rates for businesses of your size.

If you take no action, your contract will roll over onto a 12-month agreement , but you can leave at any time without providing notice.

 Important: These rollover rates will be equivalent to Drax’s Out of Contract rates , which can be higher than fixed-term tariffs.

Why Is This Change Happening?

Drax has cited changing market conditions as the primary reason for this policy shift. Their focus is now on providing energy solutions to businesses with higher electricity usage, aligning with their operational priorities and market strategy.

What Should You Do Next?

If you’re affected by this change, don’t wait until your contract ends. Drax is now updating their communications to reflect this change, so you may still receive letters asking you to renew. However, it’s important to explore alternative options to avoid being placed on higher Out of Contract rates.

Get a Free Quote Today

We’re here to help businesses like yours find the best energy deals. With access to over 25 trusted suppliers, we can provide tailored quotes that fit your usage and budget.

Call us: 0151 459 3388
Email us: info@smart-energy.uk

For Businesses Using Over 30,000 kWh a Year

If your electricity usage exceeds 30,000 kWh annually, this change will not affect you. Drax will continue to offer quotes for businesses in this category, so you can still explore their energy solutions.

Don’t Wait – Explore Your Options Now

If your business uses less than 30,000 kWh a year, it’s essential to act before your current Drax contract ends. Let us help you find a supplier that fits your needs and keeps your energy costs under control.

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