Energy Focus: Winter 2024
It's time for the first market update video of 2024, delivering the energy outlook for the Autumn period as the temperature drops.
Hosted by our Energy Risk Manager, Alexandra Mottershead, she analyses the factors impacting the 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?
The fundamental supply and demand picture remains bearish, but volatility will remain a theme in 2024. Markets continue to be sensitive and managing exposure to wholesale market volatility remains key. In the coming months, any major upside would likely stem from an unforeseen event, such as a major LNG outage or geopolitical event, and so it’s important to manage risk progressively by taking advantage of downside whilst providing the appropriate level of protection should the worst happen.
A flexible strategy solution remains the best tool to achieve this. For larger energy users, this can be achieved with a flexible energy contract and a bespoke risk management strategy. Trident’s framework solutions offer a flexible-purchasing option, with multiple risk strategy options, to consumers who cannot access stand-alone flexible contracts.
For customers who are more risk adverse and prefer the certainty offered by fixed price contracts, we would recommend tendering your contract to the full marketplace as soon as possible. The April renewal round is almost in full swing, and prices are at their lowest for over two years, so demand for pricing will increase in the coming weeks impacting supplier turnaround times. 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 firstname.lastname@example.org.
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