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Energy & Carbon Management newsletter - Feb 2012
- 1. Energy Newsletter / February 2012
Welcome to Energy & Carbon Page 1 of 2
Management’s Newsletter
MARKET BRIEF
Since our last report the Electricity, Gas and Oil markets have all ANNUAL REVIEW
turned on their head.
12
11
2/
2/
/0
/0
27
Having gone through the recent cold snap where much of the UK
28
witnessed snow and subsequent demand levels increased, the Electricity (£ MW) £51.330 £51.230
markets have not returned to their previous position despite the above Gas (ppTh) 59.725p 67.875p
average seasonal temperatures currently being experienced.
Oil ($ Brl) $96.97 $108.56
Despite the now lower demand levels, supply shortages have are still ELECTRICITY GAS OIL
apparent and concerns surrounding the oil supplies are continuing to
–0.19% 13.64% 11.95%
support the market price.
ANNUAL REVIEW
The Electricity, Gas and Oil markets are all currently following an
upward trend. The annual review shows electricity currently positioned Prices compared to this time last year.
at the comparable level to where it was a year ago, with Gas and Oil
positioned at 13.64% and 11.95% up respectively.
MONTHLY REVIEW MONTHLY REVIEW
The monthly prices show Electricity, Gas and Oil have broken their
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previous month on month trends with all 3 showing significant month
1/
2/
/0
/0
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on month increases above 6, 7 and 9% respectively. As previously
highlighted much of this possible short-term upward trend has come Electricity (£ MW) £48.280 £51.230
off the back of the recent cold snap, a knee jerk reaction to the Iranian Gas (ppTh) 63.150p 67.875p
situation and supply shortages for gas.
Oil ($ Brl) $99.56 $108.56
OTHER MARKET NEWS ELECTRICITY GAS OIL
1950’s lighting technology could be costing UK Industry
£1.4 Billion a year
6.11% 7.48% 9.04%
A report entitled ‘The Light Bulb Moment’, produced by a company
specialising in new light fittings and retrofit projects that promise
to slash energy use, has revealed some interesting findings. The
Prices compared to this time last month.
company having completed the research on UK Industrial and
Manufacturing firms, profess to have identified what they believe could
potentially be savings of up to £1.4 Billion a year by switching to new
lighting technologies.
We know energy. utility management electricity gas water
Telephone 01293 651218 Email contact@energyandcarbonmanagement.com Website www.energyandcarbonmanagement.com
Energy and Carbon Management Limited Longley House, International Drive, Crawley, West Sussex, RH10 6AQ
© 2012 Energy and Carbon Management Limited
- 2. Energy Newsletter / February 2012
Page 2 of 2
Mike Chapman, E&CM, Head of Client Services is looking to forge
strategic partnerships with a variety of organisations who can help QUESTIONS?
reduce energy consumption through small initial outlay right through CONTACT US TODAY
to major capital expenditure.
Telephone
UK Government close to opening £1Billion Pound CCS 01293 651218
Competition
The UK Government is almost ready to open a contest for £1 Billion Fax
in funds that would back Carbon Capture and Storage technologies 01293 512030
(CCS), Energy Minster Charles Hendry has announced at conference
in London today. Email
info@energyandcarbonmanagement.com
“The UK government is taking forward a Carbon Capture and Storage
delivery program with £1 Billion of capital funding to support a portfolio
Website
www.energyandcarbonmanagement.com
of commercial focussed projects,” Hendry said.
These projects are aimed to be commercially deployed by 2020.
The government is touting the technology as key to meeting European
Union clean energy goals.
We know energy. utility management electricity gas water
Telephone 01293 651218 Email contact@energyandcarbonmanagement.com Website www.energyandcarbonmanagement.com
Energy and Carbon Management Limited Longley House, International Drive, Crawley, West Sussex, RH10 6AQ
© 2012 Energy and Carbon Management Limited