Energy Focus: Autumn 2023
Our latest market update video is here, delivering the energy outlook for the Autumn period as the temperature drops.
Hosted by our Market Analyst and Energy Trader, Jitesh Panchal and Energy Risk Manager, Alexandra Mottershead, they detail the outlook for global energy markets while highlighting some of the key fundamental drivers to monitor in the near future.
Read the full video transcript below.
What should customers do?
Whilst the fundamental supply and demand picture is currently bearish, volatility will remain a theme throughout this winter and into 2024. Markets continue to be extremely sensitive and managing exposure to wholesale market volatility will be key in the coming months.
A progressive flexible strategy solution remains the best tool to reduce the risk of purchasing in a high-price environment. For larger energy users, this can be achieved with a flexible energy contract and a comprehensive risk management strategy. Trident’s framework solutions provide a facility for purchasing energy flexibly for consumers who cannot access stand-alone flexible contracts. We operate a variety of risk strategies within our framework to cater for a range of risk profiles.
For customers requiring fixed contracts, preparedness will be key in order to secure contracts quickly if we see known, or unknown, risk factors materialising. Therefore, we would encourage these customers to issue their tenders to the marketplace now to streamline the process of accessing prices over the winter months.
That brings us to a close on this update. If you have any questions, please feel free to contact us. You can also find the latest energy market commentary from our experts on the Trident Utilities website and social media platforms. . Call our experts today on 0345 634 9500 or email email@example.com.
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