News Archive - energy management

EM-Powered – an invaluable energy management portal

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EM-Powered is designed to enable customers to accurately keep track of their own business energy consumption and ultimately have a better understanding of how this impacts on their business.

Now fully operational for nearly two years, the Energy Management-designed energy monitoring and reporting portal helps companies to accurately compile an instant overview of their organisation’s actual business energy consumption, predicted business energy consumption and peak loads in an easily downloadable report.

Especially useful for multi-site operators and energy-intensive industries, the portal can be adapted to suit individual company’s needs and is seen as an invaluable tool in energy procurement strategy by those who have enjoyed its many benefits.

These include:

  • Accurate financial reporting – Budget management tools, cost and consumption break downs. Management reports can also be downloaded for an overview of all activities. Ideal for board-level reporting.
  • Market Forward Pricing – We provide live forward and historic market trading prices. These prices can then be compared between specific dates or, alternatively, can be expanded to show a high-level overview. The portal provides the ability to set multiple price notification triggers and alerts. These alerts will then be either sent via SMS or email to the desired user. Invaluable for flex contract management.
  • Seasonal Comparison Tables – Market charges can then be compared in a table, giving the customer an accurate and concise format to measure market fluctuations. The system provides you with the current position, with a comparison to the previous day, week, month, quarter, six months and one-year prices. In addition, you have the ability to choose specific dates, forward or backward, to compare prices over any given time.
  • Market Intelligence Updates – Customers are provided with a daily market intelligence update. The portal will update three times a day providing them with the live day ahead, the month ahead and the two-month ahead prices. There will be a short commentary of why prices have fallen/risen, along with prices on Brent Crude and EU ETS Carbon, as both have an impact on UK wholesale electricity cost.
  • Daily Updates – Daily news updates are provided within the portal which gives an understanding of current geopolitical factors which may influence the market.

Coronavirus and the energy price market

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energy price

Subscribers to our Market Intelligence monthly bulletin will be only too aware that there are a multitude of factors driving the energy price market.

If you compare business electricity prices from one day to another, they can look very different depending on how bearish or bullish the market is.

On top of all the geopolitical and meteorological factors at play, the coronavirus is an extremely unwelcome addition to an already complex situation.

With the viral outbreak spreading to more countries, the price of oil has dropped markedly as global demand weakens even further due to production cuts in places like China, the source of the COVID-19 disease.

Brent crude, the international standard, dropped 14% for the week to its lowest levels since July 2017, closing Friday at a fraction over $50 a barrel. Cuts in oil production are now being called for by countries such as Saudi Arabia to stabilise demand.

For any energy consultant, such scenarios present challenges, especially around energy procurement, which is why experience is so important in good energy management.

Through years spent in the industry, Energy Management’s energy consultants know the markets inside and out and are across all the news that could impact on our clients’ energy deals.

And this knowledge is complemented by energy management portals such as EM-Powered and its wide-ranging benefits, including the ability to compare business energy consumption over specified periods of time.

That historical data can then be used to help our energy consultants make better-informed decisions on the type of energy procurement right for your business.

EM-Powered – the secret weapon in managing your energy costs

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To reduce energy consumption and consequently your company’s energy bills, you first need to have a very good understanding of your energy profile.

Energy Management’s energy monitoring and reporting portal, EM-Powered, assists companies in compiling an instant overview of their organisation’s actual energy consumption, predicted energy consumption and peak loads in an easily downloadable report.

Especially useful for multi-site operators and energy-intensive industries, the portal can be adapted to suit an individual company’s needs.

Here’s a breakdown of some of the benefits:

  • Accurate financial reporting – incorporates budget management tools, cost and consumption break downs. Management reports can also be downloaded for an overview of all activities. Ideal for board-level reporting.
  • Market forward pricing – We provide live forward and historic market trading prices. These prices can then be compared between specific dates, or alternatively can be expanded to show a high-level overview. The portal provides the ability to set multiple price notification triggers and alerts. These alerts will then be either sent via SMS or email to the user. Invaluable for flex contract management.
  • Seasonal comparison tables – Market charges can then be compared in table form, giving the customer an accurate and concise method to measure market fluctuations. The system provides you with the current position, and with a comparison to the previous day, week, month, quarter, 6-month and 1-year prices. In addition, you have the ability to choose specific dates, forward or backward, to compare prices over any given time.
  • Market Intelligence Updates – Customers are provided with a daily market intelligence update. The portal will update 3 times a day providing them with the live day ahead, month ahead and 2-month ahead prices. There will be a short commentary of why prices have fallen/risen, along with prices on Brent Crude and EU ETS Carbon, as both have an impact on UK wholesale electricity cost.
  • Daily Updates – Daily news updates are provided within the portal which gives an understanding of current geopolitical factors which may influence the market.

More information about EM-Powered can be found here.