Monthly Archives: November 2014

GET Energy Market Report

Energy Market Update for January

Our energy market update gives you insight into market trends for gas and power, and what to watch throughout the month.

Market Summary


Gas – A stable month with prices continuing to drop due to Oil
Power – Relatively stable movement which followed the gas market

Direction of Market Price


Prices continue to fall across December and January in line with the plummeting oil market. Brent crude fell to a five year low on the back of global oversupply.

The drop in price prompted many key financial organisations to reduce their 2015 oil price forecast, this suggests that a strong recovery in the oil price is not expected for the next 12 months at least.

Additional gas price reduction was due to a healthy gas system where demand was generally at or below the seasonal average and the gas supply system remained positive.

December GAS Annual Review

Power prices also seen strong losses across December and January driven by reductions seen in oil and gas markets as well as wider commodities such as coal and carbon providing further strength to any reductions.

Extremely strong renewable output from wind generation throughout December adding strength to the renewable supply source accounting for approximately 15% of the UK’s generation.

Similar to the gas market, power losses were strengthened by low demands seen throughout the UK due to lower than seasonal norm temperatures and demand through December & January.

December Power Annual Review



Our recommendation, based upon the current price decrease in commodity costs would be to obtain prices for all contract start dates in 2015. Upon receiving prices we would recommend securing agreements for 2-3years based upon current market costs in-line with a bespoke procurement product such as Price Shield.

Energy+ Price Shield

Price Shield protects you from rising energy costs but also allows you to take advantage in dips in the wholesale market.
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Concern over energy security in the UK

Almost nine in 10 (87%) businesses are concerned by the UK’s energy security, according to a new survey. Published on 3 November, the CBI’s Taking the Long View report said that the figure was even higher among manufacturers (92%), and that despite increased investment in the grid over recent years there was “a very real perception that we are experiencing an energy crisis”.

The vast majority of businesses (94%) were also concerned about the future cost of energy supply. The CBI called on the government to implement all elements of its Electricity Market Reform package and to ensure that energy efficiency was treated as an infrastructure priority. Get Solutions have consistently helped UK business reduced long term demand giving clients stability in a volatile market.