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Over the past month, the wonderful Wigan Youth Zone (WYZ) team have established a completely new platform to engage young people who need their support now more than ever. They’ve been overwhelmed at how well their ‘Virtual Youth Zone’ has been adopted by the young people and the feedback they have received from young people, parents and the wider community has been exceptional. These times are difficult for young people with reported increases in abuse and diminished mental health; Wigan Youth Zone is committed to doing as much as we can at this critical time.

It is with this context, that I am pleased to share with you the headlines from a very eventful and successful month as well as providing an overview of support that would be welcomed during these times if you have the capacity.
Young People

Within 72 hours of the lockdown being announced, WYZ creative and talented team launched their ‘Virtual Youth Zone’ to provide open-access and universal content for all young people and their families to engage with. Operational seven days a week, young people can engage with pre-recorded and live activities which cover a variety of programmatic zones such as cooking, music, dance, fitness, quizzes, Lego sessions, games and issues-based work. As you will see from the WYZ impact report (click here attached) the engagement has been significant.

YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

This week’s market reports show us how a mixture of varied movements was seen across UK gas and electricity price curves in last Thursday’s session, ahead of the long Easter weekend. Strong pipeline flows from Norway and via LNG injection into the system ensured that the system was slightly oversupplied from open to market close. Additionally, the short-term LNG outlook remains positive, with 10 LNG vessels scheduled to arrive in the UK before the end of April.

UK and European weather forecasts remained consistent with previous predictions, showing warmer weekend climes over the Easter period and cooler forecasts heading further into the week, furthering the bearish pressures on gas near-curve market caused by slowing industrial energy demand.

Ahead of the much-heralded OPEC meeting over the Easter weekend, commodity markets held their breath to see how any proposed output cuts would affect Brent Crude Oil prices. Consequently, gas and electricity price movements further along the curve remained somewhat muted.

The anticipated agreement on production cuts was agreed, however a sharp rise in Brent Crude was not forthcoming as the record supply cut was not ample in easing concerns regarding the market’s persistent oversupply and the bearish impacts of COVID-19’s continuing spread.

With the lockdown period for the UK expected to be extended after other European countries announced an extension, it is unknown how long the situation with COVID-19 will last.

Please click here to read the rest of this weeks energy market report.

Please click here to see the official EnergyAce statement regarding COVID-19.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk

YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

This week’s market report shows near curve prices came under bearish pressure from an oversupplied system on Friday, as the UK’s gas supplies recovered considerably following the previous day’s temporary pipeline flow restriction from Norway.

There have been higher temperatures over the weekend which have so far spread over into this week, helping to keep demand forecasts in check, with suggestions of stronger wind forecasts also helping to alleviate some pressure on gas-fired generation in making up the national grid’s stack.

Low market liquidity continued to impact on electricity markets, with muted trading activity ensuring wider bid/offer spreads and limited availability of longer-term contract prices in particular.

Further along the curve, prices were lifted somewhat in line with some considerable increases seen in the Brent Crude Oil price on Friday. The price has risen considerably since it was near an 18 year low at 23.36$/bl last week. Investors appeared to remain optimistic that a unified production cut plan could be put in place between Saudi Arabia, Russia and the US, lifting the commodity price back above the 30$/bl mark. EUA Carbon prices, will edging down on Friday, traded above the 18$/bl level.

As we almost come to an end of the UK’s lockdown period, there is still uncertainty as to whether or not restrictions will be lifted yet.

Please click here to read the rest of this weeks energy market report.

Please click here to see the official EnergyAce statement regarding COVID-19.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk

NEW YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

This week we can see the impact of how stricter lock down measures are meaning that demand levels continue to fall as companies are now operating from home or have ceased trading until further notice, leaving offices and factories shut.

This morning’s session has seen the UK Gas system open largely oversupplied again, as the UK could look to offload surplus supply into mainland Europe. This would add further weight to prices. A Qatari LNG tanker is expected at South Hook terminal this morning and a further import of Yamal LNG volume is expect into Dragon terminal tomorrow.

Brent Crude Oil is currently trading near 18 year low as the US, the world’s biggest oil consumer, surpassed China with the most confirmed cases of coronavirus. Prices are now so low that many producers can no longer pump crude at a profit, resulting in the shutdown of fields, while storage is also rapidly filling due to the steep contango which is also expected to curb output.

The British Pound has improved against the Euro and most the world’s largest currencies over the course of the past 24 hours but has since fallen against the U.S. Dollar amidst ongoing volatility due to the coronavirus economic crisis.

Please click here to read the rest of this weeks energy market report.

Please click here to see the official EnergyAce statement regarding COVID-19.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk

As the situation around Coronavirus (COVID-19) continues to evolve, EnergyAce would like to provide all our customers and partners with key information regarding our ongoing response to the outbreak.

The safety of our staff, customers and all our partners is our highest priority and we are taking the advice of Public Health England and the NHS to ensure we follow the latest guidelines.

We continue to support all essential operations and currently operating with a skeleton staff and home working to respond to all urgent orders, breakdowns and emergencies.

EnergyAce have the ability to operate the business remotely and in the coming weeks, some staff will be working from home while utilising conference calling software, client-facing meetings will be rearranged via “Microsoft Teams”, “Sype” or similar.

We recognise that many businesses rely on our support, we have great stocks of components and we will endeavour to support when needed while taking account of the latest advice.

Please do not hesitate to keep in touch although meantime please take care and keep well.

Gary, Eileen & all the team at EnergyAce

NEW YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

In this week’s energy market report, we can see that the UK’s gas system opened long on Friday morning, with healthy levels of Norwegian and European continental flows reported. More people have started to work from home in the last few weeks which means that forecasted demand levels for domestic consumers has been underestimated by National Grid. The announcement from Boris Johnson yesterday was that stricter measures are now being put in place to stop people from leaving their homes, unless it is absolutely essential.

Temperature forecasts have predicted cooler weather in the last few weeks, however there was warmer weather at the weekend which is expected to continue for the foreseeable future. High levels of renewable yesterday have aided downward movements with Wind generation currently making up 29% of the generation stack.

GBP was up against the Euro and the Dollar this morning following the UK government’s decision to lower interest rates to a 325-year low – from 0.25% to 0.1% to attempt to keep the UK economy afloat as COVID-19 continues to dampen domestic spending and economic forecasts.

Please click here to read the rest of this weeks energy market report.

Please click here to see the official EnergyAce statement regarding COVID-19.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk

NEW YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

In this week’s market report, we can see that the UK System is short thus far this week as demand sits just below seasonal norms and storage send out remains low. Wind generation is strong again today making up around 24% of generation stack but electricity supply is heavily reliant on gas powered generation at 45%.

Temperature forecasts adjusted back to seasonal norms on Monday, with just a spot of warmer weather expected today, although rain is still present. The rest of the week is set to follow with seasonal norms expected.

Significant movements in Oil prices this morning have seen the commodity plunge 31% in its worst loss since 1991 amid price war concerns. Global markets have been impacted by the threat of a price war between oil exporting group OPEC and its main ally Russia.

On the back of continued global fears surrounding the Coronavirus outbreak and now significant drops in oil, investors have been selling stocks in a global markets amid the uncertainty. The Coronavirus has had a significant impact globally, with Italy being on lockdown and major sporting events being cancelled.

Please click here to read the rest of this weeks energy market report.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk

NEW YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

In this week’s energy market report, we can see how milder temperatures are having an effect on the UK gas demand. Last Friday brought milder temperatures than we have seen recently and an increase in the level of wind generation, the UK system was much more balanced as gas demand reduced to the seasonal average. Norway flow remained strong at 108mcm with LNG send out just shy of 70mcm.

The decrease in demand also meant that UK Storage withdrawals fell in line to match up with it. Wind levels have increased so far this week and make up around 12% of the current generation stack with renewable sources adding up to over a quarter of the total mix.

Brent Crude Oil prices are now attempting to recoup lost ground after there were losses of c. $7/bl last week due to the Coronavirus outbreak, which continues to spread and affect trade. The prices increased by 2.75% after opening yesterday morning.

Please click here to read the rest of this weeks energy market report.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk

EnergyAce is a proud patron of National Energy Action (NEA) and has been for over 6 years, supporting the great work that it does across the UK in helping to eradicate fuel poverty from households.

Back on the 29th November we posted to support the NEA on Fuel Poverty Awareness Day, a national initiative with the goal of raising awareness of fuel poverty and the solutions that are available to help those in need.

The day itself was in the same week that it was revealed 23,200 extra people died in Winter 2018/2019, which has been described as a “badge of shame”.

The day also launched the Warm and Safe Homes Campaign, with the NEA continuing to raise awareness over the winter about the issue of fuel poverty and the solutions available.

As much as we wish that the day wasn’t needed in the first place, it was great to see the amount of support on social media for the NEA.

The results of the day generated fantastic exposure for the charity:

– 1108 posts on social media

– 539 individuals and organisations supporting on social media

– 5.2 million reach of social media messaging

– 46 online and print articles referencing fuel poverty awareness day

– 65 million potential reach from online and print media messaging

The results were double the previous years, with individuals and businesses pledging their support, however there is still a lot of work needed to put a stop to fuel poverty.

To talk about energy saving solutions, please call 01695 559785 or email post@energyace.co.uk

NEW YOUR WEEKLY ENERGY MARKET REPORT Welcome back to those who have been following our weekly report and welcome to all new visitors. To follow us and to read the detailed weekly report on energy intelligence click here

In this week’s market report we can see there has been a continuation of the effect of current global issues and the impact they are having on the market. There was a change in the weather with much milder weather forecasts leading to a lower gas demand than normal.

However, there has been higher wind generation levels recorded through Storm Ciara and Storm Dennis resulting in less pressure on the UK’s gas system to meet heating and gas demands. The expectation of a further 14 LNG cargoes reaching the UK by 15th March ensured a bearish picture for short-term contracts, filtering through to front seasonal prices.

An increase in the number of Coronavirus cases in South Korea and China led to a further fall in the prices of Brent Crude early on in Friday’s session. Commodity prices have seen a substantial hit over the past couple of weeks with oil prices seeing a 4% slide on demand concerns as the virus continues to spread.

Brent Crude prices had lifted to just below $60/bl after the US reported a smaller than anticipated stock build but these gains were quickly wiped out as the virus continues to spread with cases increasing around the world.

Please click here to read the rest of this weeks energy market report.

To discuss energy saving solutions and to find out more about how you can increase savings and reduce carbon emissions, please call 01695 559785 or email post@energyace.co.uk