Hormuz disruption knock-on effects becoming clearer for FMs
Escalating tensions involving the US, Israel and Iran are driving significant disruption across global energy and logistics markets, increasing the risk of prolonged inflation and weaker economic growth. For energy and FM leaders, the situation reinforces the need for robust energy procurement strategies, supply diversification and scenario planning, as geopolitical instability continues to influence both […]
Do we have to live with higher energy prices ?
By David Kipling, CEO – On-Site Energy Ltd The hikes in energy costs on the past 6 months have been nothing short of game-changing. But are they just a spike or are they here to stay ? At 25 March 2022, the Winter=22 forward energy wholesale price for electricity was 23.2p/kWh and gas 9.0p/kWh. You […]
Alarm sounded on energy costs for business
The outbreak of COVID-19 led to a substantial reduction in energy demand, but an industry veteran has warned that the tide is turning – where forward annual energy prices were averaging at 4.5p six months ago, the cost today has risen to 7p, a monumental increase of 45%. Corin Dalby, founder of philanthropic energy buying […]