LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.

Non-Commodity Analysis

Non-commodity charges (or third-party charges) are all the costs on your energy bill that don’t relate to the use of gas or electricity (the ‘commodity’). These charges make up around 50-60% of your bill and are rising year on year.

The world of non-commodity charges can be confusing, so let us handle it. We’ll make sure you’re being billed accurately through our in-depth Non-Commodity Analysis, potentially saving you thousands of pounds.

From April 2021, all meters will have third-party charges applied to them similar to bigger half-hourly meters, which could increase costs by up to 15%. Also from April 2022, electricity charging structure changes could hike electricity costs by up to 50%, especially for large sites. That’s why it’s more important than ever to make sure your non-commodity charges are in check.

Process and benefits of working with Utility Team

Step 1: Forecast

We’ll provide a forecast of third-party charges, so the impact of business process changes can be assessed and budgets set.

Step 2: Cost calculation

Calculating the cost for every half-hour period for all meters means we can identify the highest cost periods and meters. This allows us to determine how best to reduce costs.

Step 3: Value for money assessment

We’ll assess the proposed or built electricity cost reduction projects.

Save money – Our thorough analysis will bring down the cost of your gas and electricity contracts.
Pioneer best practice – We’re able to identify the most efficient sites and rollout best practice to save you even more money.
Value for money – We’ll assess which electricity/gas cost reduction projects will provide you with the best value for money for your company.
Greater transparency – Our analysis will help you better understand the impact of future changes to third-party charges on your gas and electricity bills.

Our latest project

Kingspan

Utility Team were appointed by Kingspan to take over the management of their UK & Ireland , Norway and Poland energy procurement needs. This was coupled with additional value added services and ongoing account management.