Top Factors and Challenges in the Energy Market for June 2019
Staying up to date of the energy market can help you make informed decisions when it comes to your own energy usage and needs. Our energy market report explores the most important items affecting the energy market. Below are a few examples of what’s included in our latest report.
Warmer (and in some cases super hot) weather in the UK and Western Europe has prompted sustained demand for gas for power generation as air conditioning demand cranked up. Nevertheless, a very well supplied gas system and high levels of storage saw gas prices fall during June.
The near constant state of uncertainty over Brexit and the heightened talk of a no-deal exit has seen the value of the Pound Sterling fall against both the US$ and the Euro.
Net Zero Greenhouse Gas Emissions
The UK has made history of sorts by becoming the first major economy in the world to write into law the target to have net zero greenhouse gas emissions by 2050. This has been revised from an original target of at least an 80% reduction from 1990 levels. The implication of the net zero target means that any emissions would need to be balanced by schemes to offset an equivalent volume of greenhouse gases from the atmosphere.
Download our July Energy Market Report
The full energy report for July is available for download now. It explores each of the items mentioned above in more detail, giving you helpful insights and actions.