How to secure your business during energy market volatility
The Great British summer is here (for now!) but of course we are looking ahead to next winter too, which - in energy market terms - has a pretty grim forecast of further price increases.
The market price today for this coming winter is already 1400% (this is not a typo. Wholesale prices were £28/MWH and are now £440/MWH) higher than at the beginning of the pandemic. Whether you are exposed to these increases now or in the future, this will have a huge impact on the operating costs of your business. The same approach you have previously deployed to secure your contracts will certainly not get the same results you have always expected. Now is the time to review alternative approaches on how you buy your energy.
Make UK’s report Decarbonising Manufacturing: Challenges and Opportunities identifies some silver linings to be realised from this very dark cloud as 52% of manufacturers have now begun focusing on decarbonisation as a result of energy price increases. The good news is that the ROI on such projects is a viable option for many.
This event will impart some valuable information and will be ideal for any business that wants to understand and plan for the changing energy markets. The agenda will cover:
• Demystify the energy markets and clear up any “untruths”
• Provide an update on current pricing levels and what is driving them so you know what to look out for
• Guide you through what alternative methods are at your disposal to help mitigate these increases
• Explain how choosing “greener” options doesn’t have to cost more on your next renewal
The event is free to attend for Make UK members and affiliate members.
Register now.