Convergent Energy and Power’s Post

Cornwall Insight's latest forecast predicts a 7% decrease in the energy price cap for July-September 2024, bringing it down to £1,574 per year for a typical dual fuel household. This represents a 25% reduction over the past year, yet energy prices remain significantly above pre-crisis levels. Read more: https://buff.ly/3WOpSTq #EnergyPriceCap #SustainableEnergy #IndustryInsight

Energy costs have surged to unprecedented levels affecting businesses of all sizes across industries. The food industry, with its heavy reliance on energy, has faced a unique set of challenges. In the UK alone, cold storage accounts for a staggering 4.1TWh of energy usage, and during the peak of the 2022 crisis, costs soared to an estimated £1.5bn. Discover the insights shared by industry experts Nick Finnigan of BSI and Tom Southall of Cold Chain Federation as they shed light on how these complexities are reshaping the industry. Learn more in this BSI blog: https://lnkd.in/gBX6j9tT #BSIUK #FoodIndustry #Energy

Failures to pay energy bills increase by 39%: On Thursday, the Office for National Statistics revealed data that showed a notable increase in the proportion of British homes having difficulty paying their energy bills. #directdebits #electricityandgas #energybillpayment #energycosts #energycrisis #energydemand #energyindustry #energymarket #energyprices #energysupplier #Finance&Markets #gasbills #gasprices #householdenergybills #OfficeforNationalStatistics #TopStories #UKenergy #ukenergybills #ukenergynews

Brits brace for £73 spike in energy bills. Analysts anticipate a £73 increase in household energy bills in January, bringing them close to £1,996, mainly due to the escalation of wholesale energy prices. Cornwall Insight Ofgem Richard Neudegg Uswitch #energybills #energycompany #energycosts #energycrisis #energycustomers #energyprice #energypricecap #energyprices #energysupplier #energytariff

Energy costs have surged to unprecedented levels affecting businesses of all sizes across industries. The food industry, with its heavy reliance on energy, has faced a unique set of challenges. In the UK alone, cold storage accounts for a staggering 4.1TWh of energy usage, and during the peak of the 2022 crisis, costs soared to an estimated £1.5bn. Discover the insights shared by industry experts Nick Finnigan of BSI and Tom Southall of Cold Chain Federation as they shed light on how these complexities are reshaping the industry. Learn more in this BSI blog: https://lnkd.in/ea-8Md6Z #BSIUK #FoodIndustry #Energy

Energy costs have surged to unprecedented levels affecting businesses of all sizes across industries. The food industry, with its heavy reliance on energy, has faced a unique set of challenges. In the UK alone, cold storage accounts for a staggering 4.1TWh of energy usage, and during the peak of the 2022 crisis, costs soared to an estimated £1.5bn. Discover the insights shared by industry experts Nick Finnigan of BSI and Tom Southall of Cold Chain Federation as they shed light on how these complexities are reshaping the industry. Learn more in this BSI blog: https://lnkd.in/dvnbEQfD #BSIUK #FoodIndustry #Energy

Discover your potential savings with our energy calculator💡 With the "Calculate Electricity Savings Potential" wapp, you can discover your potential savings if you shift your energy use to the most cost-effective hours of the day. Our energy calculator helps your company: ✅ Save Money: Make informed decisions to lower your energy expenses. ✅ Reduce CO2 Emissions: Enhance your environmental footprint by consuming energy efficiently. Your savings could be even higher because additional costs like tariffs and taxes are not included! The energy calculator gathers data from over 30 countries, providing hourly spot prices over the last 365 days. You need to install the "European Day-ahead Electricity Prices" wapp to gain access to this data. Reduce your energy expenses and help the environment today by visiting our website https://lnkd.in/dUC3XXnm. #EnergyEfficiency #Seluxit

Energy costs have surged to unprecedented levels affecting businesses of all sizes across industries. The food industry, with its heavy reliance on energy, has faced a unique set of challenges. In the UK alone, cold storage accounts for a staggering 4.1TWh of energy usage, and during the peak of the 2022 crisis, costs soared to an estimated £1.5bn. Discover the insights shared by industry experts Nick Finnigan of BSI and Tom Southall of Cold Chain Federation as they shed light on how these complexities are reshaping the industry. Learn more in this BSI blog: https://lnkd.in/eB4XpJwH #BSIUK #FoodIndustry #Energy

Energy costs have surged to unprecedented levels affecting businesses of all sizes across industries. The food industry, with its heavy reliance on energy, has faced a unique set of challenges. In the UK alone, cold storage accounts for a staggering 4.1TWh of energy usage, and during the peak of the 2022 crisis, costs soared to an estimated £1.5bn. Discover the insights shared by industry experts Nick Finnigan of BSI and Tom Southall of Cold Chain Federation as they shed light on how these complexities are reshaping the industry. Learn more in this BSI blog: https://lnkd.in/eFyrGT79 #BSIUK #FoodIndustry #Energy

Read our article to hear more on the concerning trend that our industry benchmarking has exposed: Whilst overall proportions of customers with energy debt is reducing, we're seeing levels of unsecured debt (without supporting payment plans) more than doubling in size to average over £1,000 by the end of last year. It's really concerning to see energy debt intensity increasing at an already difficult time of high mortgages rates, tax bills due and a high cost of living. We've shared some ideas on what customers, energy suppliers and Government can do to better support. Do get in touch with myself, James Cooper or Alasdair Dorrat to discuss further.