Energy Focus: August & Early Winter Outlook
Our latest market update video provides the energy outlook for August, along with an initial view of the winter ahead.
Tridents Energy Risk Manager, Alexandra Mottershead, talks through and highlights the key price drivers within the different energy markets. Read the full video transcript below.
What should customers do?
Adopting a long-term, flexible strategy remains the best tool to reduce the risk of purchasing at, or near to, market highs. Essentially buying little and often, over a large window of time, spreads risk. UK wholesale energy markets remain in backwardation, so longer-term strategies also allow consumers to take advantage of these conditions.
For larger energy users, this can be achieved with a flexible energy contract and comprehensive risk management strategy. For consumers who cannot access stand-alone flexible contracts, Trident’s framework solutions provide a facility for purchasing energy flexibly with multiple strategy options for varying risk appetites.
For those requiring fixed contracts, Trident would advise agreeing on these contracts as soon as possible. Market conditions remain extremely volatile, with very little chance of significant downside before winter. Extreme market conditions, coupled with the usual September rush, could result in suppliers being incredibly stretched, and some may even withdraw from pricing for periods of time as we get into September. A longer-term fixed price may provide a slighter more competitive price, due to backwardated market conditions, however, this option does require fixing during extreme market conditions, for a longer period.
Trident is a specialist in all types of commercial energy. Speak to us today to see how our unique 360° service can benefit your business and individual needs by reducing energy costs and optimising energy efficiency. Call our experts today on 0345 634 9500 or email firstname.lastname@example.org.
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