For the first time in history, more UK power came from renewable sources than from fossil fuels in the calendar year ending December 2019. National Grid described it as “a historic moment”.
Wind power provides the largest percentage of the UK’s overall renewable energy output, making up 20% of the UK’s electricity following a series of major windfarm openings in recent years.
And with energy derived from solar power around the 6% mark, roughly a quarter of the UK’s renewable energy output is dependent on the right weather conditions.
While the wind is blowing a gale at the moment, thanks to Storm Dennis, that’s not always the case and, as we all know in this country, the sun can never be trusted to shine as long as we’d like it to.
Market vulnerability
But the vagaries of the weather are not the only strong drivers when it comes to the price people pay for their electricity.
From faulty nuclear reactors to the US-China trade talks and even the assassination of Iranian warlord, Major General Qasem Soleimani, the last few months alone has illustrated how the market is vulnerable to a host of geopolitical issues.
Understanding the market and the mechanisms that may trigger wild fluctuations in price is an important facet of energy procurement.
Right price, right time
A good level of market intelligence – through a combination of experience and accessibility to software such as EM-Powered, the energy management portal – is vital in procuring energy at the right price and at the right time.
Minimising those energy costs through smart energy procurement – and taking the hassle away from clients – is at the heart of what we do.
With over two decades’ worth of experience, Energy Management explores the range of options available to their clients, from a fixed-price, longer-term arrangement that allows for greater security, planning and budgeting, to a more flexible approach, where advantages can be derived from fluctuations in energy pricing.
Speaking literally, our consultants are experts at knowing which way ‘the wind is blowing’, so why not give them a call, on 01225-867722 or email: sales@energymanagementltd.com
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