At our partner day back in June, I shared with some of you who don’t currently sell Energy why I believe it’s worth considering. I wanted to highlight a success story from one of our partners who hadn’t really considered selling Energy before. Since the partner day, they sent over their first-ever customer bill for us to review.
In August, we worked closely with this partner to understand their customer’s needs, which led to a signed order on the last day of the month. The result? This partner earned over £30,000 in commission! Not bad for simply sending us a bill!
Energy market analysis
The market has been falling so far this year, however we have seen upwards movement in the market over the past 6 weeks, please see below graphs, as you can see, in hind site, the lowest point to procure in the market is typically between April and June, and we believe now is the optimal time to procure, to crystalise your position in the market as far out as September 2027.
The below graphs demonstrate that 2024 is performing on a similar trajectory to 2021, as typically around July/August, price increase begin to accelerate as many businesses look to secure mass volume in preparation for Winter.
The world’s uncertainty has created a susceptible UK commodity market; the most recent factors to consider are the recent snap elections in France and the recent election in the UK. The outcome of such elections could significantly impact the UK energy market as France supplies a significant volume of electricity through the interconnectors along the south coast, driven by its extensive nuclear facilities.
The UK elections will determine the direction the UK decides to pursue in terms of energy strategy, including self-sufficiency and imports. The new Labour Government is pushing for the UK to be a “Clean Energy Superpower,” which has progressed and begun appointing board members. This will push for heavy investment into further improvements in Wind, Solar, and Hydro generation.
The ongoing tension in Russia/Ukraine and the more recent tensions in the Middle East and the Red Sea are also crucial factors. We believe securing budget certainty now whilst significant savings are available is key, as the market is rising. Savings may diminish as time goes by, particularly as the above factors play out.
Tension in Israel has increased, and therefore, it may be prudent to secure before this intensifies further to ensure you lock in before rates potentially spike.
Solar and Wind generation is forecasted to fall over the next few weeks due to a decline in weather conditions.
As mentioned above, the futures market is also increasing, so obtaining this budget certainty now is vital, as we believe there is a minimal chance of further drops.
To talk to your account manager and find out more please call us on 0800 840 6800.
