Category Archives: News

Need Advice on your Business Energy Contracts?

What to do with your business energy contract #UKENERGY

On Sunday 13th March 2022, James Coney, a journalist at The Times published an energy tariff test in which he very aptly describes the dilemma many are finding themselves in regarding their energy bills and knowing what steps to take next.

James said: “Question1. Geoff’s energy supplier says that the cost of using electricity and gas is about to go up.
He pays 20.68p for every kWh of electricity he uses and 4.169p for gas on a variable rate tariff. He also pays a daily standing charge of 24.112p for electricity and 26.123p for gas.

Next month he will start paying 28.455p per kWh of electricity and 7.479p for gas, and the standing charges will be 43.397p a day for electricity and 27.219p for gas.

How much has Geoff’s annual energy bill increased by to the nearest penny? (4 marks)”

In the following 2 questions James highlights a scenario that so many are accustomed to, and when they contact their supplier for a statement find themselves being offered a 1 year fixed rate (v11) tariff. However, when he tries to take the tariff, it is sold out but another more expensive offer (v12) is available but now it is a variable contract.

This example is from a real bill sent by an energy supplier, although this is most likely a domestic bill, the similarity is strikingly familiar as many businesses are currently wondering whether to stick or twist.

Due to the unprecedented situation in global energy markets today, energy suppliers are naturally cautious and do not want to give out anything that can be misconstrued as advice, but this doesn’t help consumers trying to make informed decisions.

Prices are rising, times are getting tougher and GET Solutions are here to help businesses understand their unique situation and provide honest information and guidance on how they can reduce their reliance on grid supplied energies and shield themselves from volatile energy markets.

There has never been a better time to protect your business and become independent of grid energy. To find out how to secure your energy prices, lower carbon emissions and gain energy independence, contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk

Click here to read the post from James Coney @ The Times.

Geopolitical tensions mount pressure on volatile energy markets

UK Gas & Power fundamentals currently look good #UKENERGY

While geopolitical uncertainty heaps pressure on already volatile energy markets, UK gas and power fundamentals are currently looking pretty good, as they have been since the start of the year. Storage holding for the UK is strong, we have plenty of LNG shipments and there is a good deal of renewable generation which along with mild temperatures is helping the UK energy market.

However, the UK market is vulnerable to geopolitical issues, and we have witnessed pre-invasion prices of gas jump from 160 – 200ppt to 224-321ppt and this is while Russian gas is flowing, if the flow of oil and gas stops, prices will increase putting more pressure on inflation which no-one wants. Additionally, if gas and oil prices soar, electricity is sure to follow as 44% of the UKs electricity is currently generated using gas.

The UK does not get gas directly from Russia and only imports about 6% of its oil from there. Kwasi Kwarteng, the UK business secretary has said “The situation we are facing is a price issue, not a security of supply issue”.  Most of UK gas is sourced from the North Sea and the bulk of imports come from Norway. “Put simply, we have lots of gas from highly diverse and secure sources, but it is very expensive,” Kwarteng said.

There has never been a better time to protect your business and become independent of grid energy. To find out how to secure your energy prices, lower carbon emissions and gain energy independence, contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk

EU Sustainable Gas

Natural gas classed as sustainable says EU

GET Solutions welcomes the EU Commissions move #CLIMATESOLUTION

GET Solutions Limited welcomes the EU Commission’s move to classify natural gas as sustainable following the College of Commissioners political agreement which will be formally adopted once translations are available in all EU languages.

In order to achieve climate neutrality by 2050 a great deal of private investment is needed to step up the transition by drawing on all possible solutions to help us reach our climate goals. The Commission considers there is a role for gas and nuclear activities in the transition as they will fulfil environmental safety requirements and the transition away from coal to renewables.

Alan Dodd CEO of GET Solutions said “this is fantastic news as it opens up more opportunities for combined heat and energy (CHP) solutions which provide two sources of energy from a single fuel. Not only is this a more cost-effective form of generation than traditional grid supplied power, but it is also far better for the environment.”

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, said: “Our mission and obligation is climate neutrality. We need to act now if we are to meet our 2030 and 2050 targets. Today’s Delegated Act is about accompanying the EU economy in the energy transition, a just transition, as a bridge towards a green energy system based on renewable energy sources. It will accelerate the private investment we need, especially in this decade”.

Mairead McGuinness, Commissioner in charge of Financial Services, Financial Stability, and Capital Markets Union, said: “The EU is committed to achieving climate neutrality by 2050 and we need to use all the tools at our disposal to get there. Stepping up private investment in the transition is key to reaching our climate goals.

The Energy Revolution™ by GET Solutions UK Limited provides CHP solutions to lower dependencies on grid supplied energy either on a capital purchase basis or as a funded “own the solution, not the equipment” basis. The funding provides instant reduction and stability in energy costs and a significant decrease in carbon emissions without the risk associated with ownership.

Source: EU Commission

For further information, help or support contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

#energy

Energy price volatility set to continue into 2030

Analysts have warned that UK energy prices could continue to be volatile into the 2030s if the Government doesn’t provide greater resilience.

It has been forecasted that the cost of energy could jump between £95 per megawatt hour between summer and winter and the seasonal difference will increase to approximately £120 per megawatt hour by 2030.

Contributory factors which are expected to leave UK energy prices vulnerable to instability include:

• Increased weather risks
• Just in time energy procurement
• Overreliance on insecure energy imports
• Reduction in nuclear power
• Reduction in coal power

The current focus has been on wholesale prices for the short-term and energy price caps, but as we look forward to 2030, nuclear power stations start to retire, and with the additional closure of coal fired power stations across Europe, this reduction in generation will bring a new period volatility to the UK energy markets. To avoid boom and bust energy pricing, the UK needs a significant change to the way we procure, store, supply and consume energy.

Its not all doom and gloom

Whilst the situation could be grave, it is not all doom and gloom. On the contrary, organisations don’t have to accept these imposed price hikes and can take measures to mitigate the potential risk these volatile times bring. Furthermore, it doesn’t have to cost the organisation to achieve this.

Self-generation from sustainable technologies such as solar pv or combined heat and power will provide significant resilience and independence from the grid and when used in conjunction with battery storage will maximise efficiencies, getting the power you need, when you need it and at a predetermined cost that’s right for your enterprise for a decade or more.  

Such technologies or combinations of technologies are readily available and are being increasingly adopted as we get closer to our 2030 and 2050 climate neutrality targets. Businesses that have the capital and desire to invest in this energy revolution will realise the quickest and largest returns on their investment, whilst businesses with differing priorities can still benefit and significantly reduce costs and emissions without the need for capital outlay through our corporate PPA and funded solutions.

For further information, help or support contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

Source: Cornwall Insight

ENERGY: Market Update

Worries regarding Winter Supply

We ended last week’s market update with the sense that there was volatility and bullishness to come across the Market; that proved to be entirely correct as Offers surged during the week in an extremely volatile couple of trading sessions.


Electricity Market

Worries regarding Winter Supply have been around since April/May however we are now staring down the barrel of Winter with temperatures set to drop considerably into next week; therefore this week’s Russian Gas Auction was of particular interest to markets. The monthly gas transmission capacity auction on Monday revealed no additional capacity bookings into Western Europe, a considerable blow to supply which resulted in a near 6% rise on December delivery offers.

Gas prices increased further and strongly throughout Tuesday with December delivery offers increasing by over 17%, supported by the German Energy Regulator (Bundesnetzagentur) to suspend the procedure to certify Nord Stream 2 AG as an independent transmission operator, which brings increased uncertainty over when the pipeline will begin commercial operations, with some now speculating that the pipeline may not be operational until March/April 2022 if approved by the EU Commission.


Gas Market

Since Wednesday the volatility has lessened with markets now looking for a clear direction of travel. Asian LNG Prices have seen some eye-watering increases this week, with a 25% increase, which could attract much needed European Cargos to re-route to Asia; that being said there are 10 deliveries into North West Europe scheduled in the coming days with a regas volume of 1065mcm.

Power prices tracked the bullishness of Gas Markets, with some significant increases across the curve, with the January 22 delivery posting an eye-watering increase of £27.25/mWh increase on Tuesday alone. So far this week the Winter Electricity Prices have been incredibly bullish with the following applying:

Dec 21: +48.30£/mWh (+181.63 since this time last year)

Jan 22: +46.24£/mWh (+201.21 since this time last year)

Feb 22: +57.36£/mWh (+190.65 since this time last year)

Carbon Markets

Additional pressure is being felt on Carbon Markets, where it is a case of another day – another all time high, as the wider energy complex pushes offers higher and higher. It could be argued that Dec 21 EUA’s are slightly overbought, however there does seem to be a growing sense that offers could climb over the €70/t threshold and even touch €75/t by the end of this year; which is staggering considering that at this point last year Dec 21 EUA’s were trading around €20-25/t.

Cold Blast Expected

With temperatures set to drop considerably next week we are likely to see markets head in a bullish direction, with keen eyes focusing on Russian and Norwegian spot flows with both being stable yesterday and today after what was a shaky start to the week especially on the Norwegian side, with supply still impacted by the unplanned outages at the Karsto gas processing plant and the Sleipner and Oseberg fields.

Oil Prices

Oil Prices have fallen, but remain high and there is a sense that this dip is only temporary, indeed the US and China have openly discussed utilising their vast Strategic Oil Reserves to cool markets; but there seems to be little support from other countries with Japan and South Korea declining the invitation from President Biden. As things stand, markets look to be heading in the upward direction in the short term with little or no help on the horizon.

For further information on energy markets, help or support contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

#energy
Solar Panels - Sundown

42 Solar Panels

Free unlimited power from the sun! #solar

Get Solutions UK Ltd has successfully installed 42 solar panels at Sundown Adventureland as part of The Energy Revolution™.

The solar panels will primarily charge the battery storage system within the energy centre to provide instant power and will compliment the G-GEN™ generation equipment.

Read more: https://www.theenergyrevolution.co.uk  

To join The Energy Revolution or to enquire how to get electric vehicle chargers please contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

#solar

100K Run in 10 Days For Charity

We are proud to announce that one of our members of staff, Stacey, completed ten 10K runs in ten consecutive days to raise money for her charity CRASAC (Coventry Rape and Sexual Abuse Centre).

Stacey started her first 10K run on Thursday 21st October and then ran an additional 10K every day until Saturday 30th October. She then joined a team of forty runners taking part in CRASAC’s 40th-anniversary fundraising run as part of the Coventry 5K on Sunday 31st October to complete her amazing challenge.

CRASAC is a rape crisis centre that provides specialist helpline, counselling and advocacy support services to all those who have been affected by rape or sexual violence at any time in their lives. The charity aims to address the trauma and injustice of abuse by giving victims and survivors a voice.

Natalie Thompson CEO of CRASAC says:

“A huge thanks to Stacey for her commitment and dedication by taking on this challenge for CRASAC. For survivors like Stacey and all our clients, it’s a difficult and painful journey. I hope the support that organisations such as ours offer can provide the help needed on their path to recovery.”

In addition to completing this amazing feat, Stacey has also managed to raise over £3,600 for the charity so far and would love to raise as much money as possible to show her appreciation for everything the charity has done and for the support they continue to provide for so many survivors.

Stacey’s fundraising page can be found at Stacey’s 10x10K run for CRASAC 

Everyone at GET Solutions would like to congratulate Stacey on her remarkable achievement for charity!

Listen to Stacey’s radio interview from BBC Sounds Coventry & Warwickshire:

A talented addition for GET and The Energy Revolution™

GET Solutions welcomes Victor Levison into our successful and growing team.

Victor joins our successful GET team as Head of Procurement and Risk Strategy following a prosperous 17 year career at Total Energies. Victor has gained invaluable experience during his time at Total in the mid-market consultancy team, SME team and also the Major Business Team.   

Having worked closely with Get Solutions for most of my time at Total it’s an absolute pleasure to be able to take the next steps in my career with such a great company and I am proud to be part of the Energy Revolution™. We are here to Specialize in reducing organisations carbon emissions and energy costs with guaranteed immediate and sustainable results.

Clearly the demand for a new approach to energy has never been higher; This can be seen on any new bulletin at the moment with COP26 in full force. I’ll be working on Procurement and Risk Strategies, if you’d like to get in contact and have a chat about options in regards to your energy then please do not hesitate to get in contact.

To find out more about The Energy Revolution and how you could join contact us on telephone number 024 76630 8830 or email @ sales@getsolutions.co.uk

Sundown EV Chargers

New Electric Vehicle Charging Site

New Electric Vehicle Chargers #evchargers

Get Solutions UK Ltd has successfully installed 6 electric vehicle chargers at Sundown Adventureland as part of The Energy Revolution™.

Each electric charger can be operated with the app which is available on Google Play and Appstore or it can be used with an NFC Fob and can be found on ZapMap.

Read more: https://www.theenergyrevolution.co.uk  

To join The Energy Revolution or to enquire how to get electric vehicle chargers please contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

#evchargers

ENERGY: The Global picture

Eye-Wateringly High Energy Prices #ENERGYCRISIS

It is truly amazing what is occurring across Energy Markets at the moment, just when we think that prices cannot go any higher; the market responds with another knockout blow.


Electricity Market


As we are all aware, Markets rose furiously last week as supply concerns engulfed markets. There was incredibly, a bearish rebound after markets absorbed the bullishness and provided traders with some optimism: Increased Wind Generation in week 38, increased Norwegian flows and the arrival of LNG Cargoes to the UK in late September.

This bearish rebound simply only papered over the cracks, with offers remaining eye-wateringly high. This incredible volatility and high-price levels has claimed casualties and will continue to do so.

The bullish trend returned yesterday with Russia’s Gazprom booked less than half of the natural gas transportation capacity offered on the Yamal Pipeline from October (30.75 mcm/d out of 87.2 mcm/d) with offers increasing across the curve, with Gas Markets pushing to higher levels is a chaotic day of trading.


Gas Market

European Neighbours

With Energy Markets now on headline news and politicians now involved in discussions with the sector, Markets will have a ‘Hysteria Premium’ attached which simply adds to the volatility. A lot has been discussed in recent days about the UK Market, but let’s delve into the Global Market.

Firstly, our European neighbours; where it must be said that on average their Energy Bills are 30% Cheaper than the UK, but it could be argued that they are in a slightly worse position that the UK currently.

A quick look through Storage Levels, would see the UK at a healthy 90% of Natural Gas Storage, whereas Germany is at 63% and as a result German Wholesale Energy Prices have risen by 50% in September alone.

EU Countries have been swift to act though, with Spain already announcing measures last week, France introducing subsidies for households, and an expected €4.5billion support package for households to be unveiled in Italy later this week.

This price volatility in Europe/UK has many factors; firstly, a bitterly cold winter in 2020 where stock levels plunged; this stock which would usually start to be replenished in April saw Gas Demand soar during the month as unseasonably low temperatures hit.

Secondly, Russia has continued to refuse to increase flows on the ‘Spot’ (this idea that flows are increased as and when it is need) rather by continuing to supply via advanced quotas. There are levels to this also, one being increased Gas Demand in Russia itself and, possibly more interesting news-wise, Russia could be limiting output in a bid to force the European Commission’s hand into agreeing the commercial operation of its Nord Stream 2 Pipeline.

Also, the EU/UK has been priced out of the lucrative Liquified Natural Gas Market by its Asian competitors. LNG is used to re-fill storage levels on a wider scale, however, there has only been a small number of deliveries to the continent over the last 6 months.

Asian Markets

This leads well onto the Energy Market in Asia, which relies heavily on LNG to meet its demand needs. Demand has soared in the region as countries exit harsh lockdowns and population growth in the region remains high. This has led to Asian LNG Markets to contain a huge premium compared to European Offers, therefore cargoes initially heading for Europe are turning around and heading back to Asia where to prices are higher.

Essentially Asian Markets have no alternative than LNG, so traders are willing to pay more than their European/UK Counterparts in order to meet with demand. Also, there would still be a heavy Coal influence on Power Generation in Asia, and as you can guess, Coal Prices are at record highs as well as Carbon Markets, so this pushes Asian LNG Prices up further as it becomes cost negative to use Coal for production.

United States

Indeed, the United States could be a major beneficiary of this price war, since the Obama Administration the US has been flexing its Energy muscles with US Exports of LNG now at a very high level with cargoes hitting the lucrative Asian Market as well as South American markets at an all-time high price. Yet, the US has still seen a 120% increase in Gas Costs this year; substantially lower than Europe but still a large increase however you look at it. A key point about the US though is that Gas Users tend to be heavy industrial premises rather than households so the impact on the general public isn’t as dramatic.

Stagflation

The key area that markets will soon shift focus to is Stagflation – High Inflation, Low Growth. This has been bubbling under the surface during the Covid Pandemic, however there are real signs now that Stagflation is becoming a growing issue as we head into the Winter months.

For further information on the energycrisis, help or support contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

#energycrisis