The higher than usual seasonal weather continues to keep the gas market oversupplied and prices keen, but with Wind output dropping, this will boost demand for natural gas which the markets anticipate will cause increases over the coming weeks.
Electric prices are also beginning to creep up as businesses return to some form of operation and extra demand on the Network from the hot weather (air conditioning etc) is also driving prices however with expectations of further US and UK economic stimulus the markets remain relatively stable for now…!
Water companies have issued warnings after record-breaking consumption amid the heatwaves effecting the UK this month with water demand reaching a 10 year high, which is threatening lo leave some business customers in affected areas of the UK without a supply! This is further worsened by the volume of ‘staycations’ and the fact a vast majority of people are still at home due to lockdown and furlough measures.
The Climate Change Agreement (CCA) scheme has been extended to March 2025 and was reopened to new applicants from qualifying industries from the 1st April 2020. However, the window for new applicants is only open until the 30th October 2020 so if your business is eligible to join under the laundry sector, ensure to act quickly to obtain discounts on your business electric and gas Climate Change Levy rates.
For help and advice or to find out how Fox Energy can assist your business, get in touch by calling 01233 884510 or email [email protected].