Energy Focus: Winter 2023
Our latest market update video provides the current outlook for global energy markets.
Our Energy Risk Manager, Alexandra Mottershead, talks through and highlights the key drivers to watch as we navigate the remaining months before summer 2023.
Read the full video transcript below.
What should customers do?
A progressive, flexible strategy remains the best tool to reduce the risk of purchasing at, or near to, market highs.
For larger energy users, this can be achieved with a flexible energy contract and a 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.
We would urge all customers to fully understand how the government’s Energy Bills Discount Scheme will impact them from 01 April 2023. This is particularly important for Energy Intensive Industries as a higher level of support is available, but it won’t be automatically applied. Full information can be found on the Trident Utilities website or by speaking with your Account Manager.
Following the announcement of the EBRS which covered 01 October 2022 to 31st March 2023, many fixed priced customers opted for 6-month fixed contracts. As a result, we expect suppliers to be extremely busy during the April renewal round so we urge customers with fixed contracts to go to market well in advance of the renewal date.
That brings us to a close on this update. If you have questions, please 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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