Les Simmons’ Post

📈 Record-High Power Costs? Here's How to Stay Ahead ⚡ The U.S. Energy Information Administration (EIA) forecasts record-high power usage in 2024 and 2025, driven by economic growth and electrification trends. For business owners, this could mean rising utility costs cutting into already-tight margins. 💡 At StraightForward Financial Insights, we understand that every dollar counts. Our services are designed to help you identify, protect, and build value in your business—even in the face of fluctuating costs like energy. 💼 Whether it's optimizing your operations to lower expenses, or ensuring your financial statements reflect the true health of your business, we’ve got the tools to turn rising costs into opportunities for efficiency. ✨ The best part? You don’t have to face these challenges alone. 👉 Let us help you navigate rising costs and stay competitive. Visit us at www.straightforward.today to learn how we can tailor solutions to your needs. https://lnkd.in/gW9e6_ak #BusinessTips #FinancialInsights #CostOptimization #BusinessOwnerSupport #RisingCosts

The energy price cap has dropped for July! ⚡ This means that we will all be paying less for our energy over the summer. However, anything people save with July’s 7% energy price cap drop could soon be eaten up by a forecasted 10% increase in autumn. The current price cap is set to end on 30th September as we head into the cooler months and use more energy to heat our homes. 🏡🌡️ The Energy & Climate Intelligence Unit (ECIU) is advising consumers to brace for an additional hit of up to £600 over the coming winter, caused predominantly by higher wholesale prices. Can you future proof your finances against things like this that are out of your control? 🤔 Can you empower yourself and your team with more financial know-how to take control of your finances? 💪 If you're a leader, talk to us today to improve your team’s financial wellbeing ➡️ https://lnkd.in/euedzcc8 #employeebenefit #financialwellbeing #financialeducation #employeeperks #moneymatters #energypricecap

How do Federal Reserve rate cuts impact the energy sector? In his latest blog, Gregory Reid, president of real assets, explains why he believes lower interest rates are a positive development for energy stocks. By stimulating economic growth and reducing the risk of a deep recession, these cuts may create a more favorable environment for energy demand. Read the full analysis here: https://bit.ly/3N4hHMW #EnergyInvesting #InterestRates #EnergySector #FedRateCuts

Attention UK Business Leaders: As we brace for temperatures to dip 3-4°C below seasonal norms this week, it’s crucial to anticipate the potential impact on your operations. This unexpected chill could drive up heating demand, potentially leading to a bullish surge in prompt UK gas prices. Staying ahead of these fluctuations is key to managing your energy costs effectively. On a brighter note, Europe’s aggregated gas storage is showing resilience, with levels climbing to 71.6% full after continued injections over the weekend. This robust storage capacity could serve as a bearish counterweight for near-curve NBP contracts, offering some stability amidst the market’s ebb and flow. As an energy broker specializing in the UK market, I’m here to help you navigate these developments. By partnering with a knowledgeable broker, you can leverage expert insights and strategies to safeguard your business against energy price volatility. Stay warm, stay informed, and let’s connect to discuss how we can optimize your energy procurement and management for the days ahead. #EnergyManagement #UKBusiness #GasPrices #EnergyBroker

Multiple factors outside businesses' control have affected the price they pay for energy, including geopolitical and economic factors - not to mention, rising industry charges. Here, Zoe Burdett explains how your meter holds the key to taking back control of energy costs. To learn more, pre-register for our latest guide here: https://nbs.energy/3Y983ij

DAILY MARKET REPORT - 27/01/2025 A volatile week ended with continued upside in Fridays session. Weather playing a key part in recent weeks, as geopolitical undertones bed themselves in as we wait to see the impact of President Trumps second term in office as he put demands on other countries such as a drive to lower oil prices. Temperature forecasts for the week ahead remain choppy. A mix of warm and colder days in the final days of January, a cold start to February for the first week before holding at seasonal normal levels for the remainder of the month. This view changes constantly and shows that long term forecasts are difficult to rely on. Friday saw the TTF Front Month contract settle at €49.70 (from €49.12) and the NBP Front Month contract at 124.73p (from 123.50p). Troll on unplanned outage this morning and we see a Norwegian flow nomination level at 330mcm (325), Flow levels from Russia are now zero. EU gas storage showing at 56.11% (57.60%) full as per AGSI+. LNG vessels due to arrive in UK the next couple of weeks is 8 (9). This morning we see the Front Month TTF contract at €49, DOWN €1 to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €49, Front Season €50 (vs €50 and €49) Curve NBP Front Month 125p, Front Season 122p (vs 124p and 121p) UK Gas NBP spot 123p (from 128p) UK Power Base spot £93 (from £95) UK power prices show the UK Front Month Baseload contract at £107 (£103) and Front Season at £92 (£91). In other areas of the market Brent Oil is at $79 ($78) and EUAs are at €82 (€81). Henry Hub is at $4.03 ($3.95) and JKM is at $14.11 ($13.98) with TTF Equiv of $15.32 ($15.01). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

Many homeowners are feeling the effects of inflation, as prices for almost everything, including electricity, continue to rise. Despite the fact that energy costs are now higher than ever, many local utilities across Pennsylvania, New Jersey, and Delaware have announced rate increases that could raise your electric bill by 20% or more over the next two years! The good news? You don't have to sit back and accept these increases. Check out our latest blog to learn more about why consumers are facing these outrageous rate increases and how you can avoid being impacted 👉 https://loom.ly/Jeo4Skk

An early update on the markets with another volatile week of upward trends showing. Actions from around the world, and cold weather in the UK aiding these increases. Read the full story below ⬇ To receive a personalised commodity report, or to discuss your business energy renewals, contact Lewis Hodges on the below ☎ 0208 65275252 ✉ Lewis@maximeyes.me #energymarketreport #commodityupdate #energypartner

How to Manage Winter Energy Price Spikes and Keep Costs Low Winter’s energy price fluctuations can take a significant toll on your business if you don’t act in time. With demand increasing and uncertainty in supply chains, how can you ensure your energy strategy is resilient? Join us at the Winter Energy Outlook Webinar, where John Dawson and William Oliver will share how to anticipate and mitigate the impacts of these price spikes. Using advanced data analytics, EIC can help you lock in favourable contracts before winter price hikes hit. Our webinar will show you how to build flexibility into your strategy, making sure your procurement decisions aren’t just reactive but proactive. Learn how EIC’s approach to risk management and market monitoring can provide you with real-time insights that make a difference to your bottom line. 🔗 Sign up today (link in comments) 🗓️ 15 October 2024 | 11:00 AM #EnergyStrategy #Winter2024 #ProcurementSolutions #EnergyManagement #BusinessContinuity #SmartProcurement #DataDriven

Karen.robertson@ngpltd.co.uk 0191 5439706 The UK energy market is experiencing significant price hikes, with costs expected to continue rising due to global supply pressures, market volatility, and policy changes. Businesses of all sizes are feeling the strain, and now more than ever, securing a stable energy contract is crucial. 🔑 Why Sign a Contract Now? Predictable Costs: Lock in fixed rates and avoid unpredictable price surges in the coming months. Budget Control: Protect your cash flow and plan ahead without worrying about sudden price hikes. Competitive Edge: Take advantage of better rates before they climb even higher, helping to maintain your margins. Energy costs are one of the most significant operational expenses for businesses. With the current market instability, acting quickly to secure a contract can safeguard your business against further increases. 💡 Don’t wait until it’s too late – take control of your energy costs today! 👉 Share this post to help others protect their business too. #EnergyContracts #BusinessStrategy #UKEnergy #CostControl #EnergyPrices