The 2024 energy market was marked by a blend of opportunities and challenges shaped by geopolitical tensions, storage dynamics, and the global energy transition. Each month brought unique trends—from mild weather easing early-year costs to rising demand and supply risks toward winter. This summary provides key highlights throughout the year of 2024.
November 2024 brought significant developments in energy markets, with gas and electricity prices fluctuating amid geopolitical tensions, weather impacts, and storage dynamics. The month's insights highlight both challenges and opportunities ahead.
This is a question that we hear all too often at Here’s the Plan and is often the reason that new clients come to us for help. Many businesses have installed solar PV arrays over the last few years and made the decision to go ahead based on the Return on Investment business case presented to them by their installer. Often this includes revenue from exporting the predicted excess generation via a Power Purchase Agreement or Smart Export Guarantee.
This month, we’re excited to spotlight Gemma Yeats, our dedicated Business Office Administrator! Since joining Here’s The Plan in May 2023, Gemma has embraced the challenge of learning the energy industry from scratch. Here, she shares her advice for newcomers, reflects on valuable lessons learned, and gives us insight into her role supporting our Account Management team. Let’s dive into Gemma’s story!
The October 2024 energy market landscape was notably shaped by a mix of geopolitical tensions, strategic storage dynamics, and the ongoing shift toward renewable energy. As winter heating demand ramps up, the market faces heightened volatility, driven by renewed conflict in the Middle East. Here is a breakdown of the key highlights from each week in October:
The transition from Non-Half Hourly (NHH) to Half-Hourly (HH) Settlement for electricity in the UK is a significant development, driven by Ofgem’s Market-Wide Half-Hourly Settlement (MHHS) initiative. This change is intended to enhance the precision of electricity usage data, support demand-side management, and align with decarbonisation efforts.
This month, we shine the spotlight on our dedicated Client Experience Director, Roddy Dalziel! With a career that began in 1996 during the early days of gas and electricity market deregulation, Roddy has seen the energy industry transform. In this article, Roddy shares his advice for newcomers, reflects on the mentors who have shaped his journey, and highlights his proudest achievements at Here’s The Plan. Let’s dive into Roddy's insights and experiences!
Gas and electricity prices have fluctuated in September 2024 due to market tightness, geopolitical risks, and ongoing energy transitions. Although prices are stabilising, uncertainty remains as the market prepares for the winter season. Here is a breakdown of the key highlights from each week in September:
Climate change presents the world with a challenge to urgently protect our planet, our economy and our populations. In the Energy White Paper ‘Powering our Net Zero Future‘ the UK government has set out an ambitious programme to build a fairer greener energy system and one of the cornerstones of this is Market Wide Half Hourly Settlement lead by Elexon. The move towards a smarter, more data driven electricity grid will offer consumers the opportunity to respond quickly to energy efficiency initiatives as well as offering transparency and potential cost savings.
Running a business comes with various expenses, and energy costs can be one of the most significant. Reducing your energy consumption not only lowers your bills but can also boost efficiency and showcase your commitment to sustainability. Fortunately, there are several practical steps you can take to minimise energy expenses without compromising on performance.
The Paris 2024 Olympics & Paralympics are not only about showcasing elite athletic performances but also about pioneering sustainability. The organisers set an ambitious goal to make these games the most environmentally friendly in Olympic history, aiming to significantly reduce the event's carbon footprint.
This month, we shine the spotlight on Christina Carlon, our dedicated Senior Account Manager! Christina has an impressive 12 years in the energy industry, Christina has been a cornerstone of our team's growth and success. Starting as the fourth employee at MDG/HTP, she has witnessed and contributed to our expansion to 24 staff members, bringing a wealth of knowledge and experience along the way.
