What does 2013 hold in store for business energy prices? That's the subject of a new energy market report published by energy purchasing consultancy ENER-G Procurement www.energ.co.uk/procurement
The report, entitled 'The energy marketplace: A review of 2012 and predictions for 2013', provides a commentary on the main political events, regulatory changes and energy market movements in 2012. It looks to 2013 to explain the planned changes in policy and regulation and discuss predicted
trends in wholesale energy prices, and the consequential effect on businesses.
It predicts that wholesale prices will rise in the spring, following a fall in quarter two, but that such cost
increases will be exacerbated by other inflationary drivers, such as higher network charges and renewable incentives. These charges could, reportedly, add 5% to business electricity bills and 2% to gas bills.
Mark Alston, General Manager of ENER-G Procurement, said: "2012 was an eventful year in the energy industry and 2013 is set to be no different. In contrast to previous years when the volatile wholesale energy market forced spiraling bills, it was developments at home - particularly in policy and regulation - that drove up costs. In 2013, wholesale prices look set to be more bullish, particularly
towards the back end of the year - but it will be the third party costs that are the real stinger."
The report is targeted at managers responsible for business energy purchasing who want to understand what is currently happening in the energy industry, what policy and regulatory changes are planned, and how this will affect their energy costs in 2013. It is available free to download at www.energ.co.uk/2012-review
ENER-G Procurement, part of the global ENER-G group, is an independent energy purchasing specialist and a founding member of the Utilities Intermediaries Association (UIA). ENER-G works with manufacturers' organisation EEF to provide the EEF Energy Services, and operates the Chamber Utilities™ www.chamberutilities.co.uk service to Chambers of Commerce across England.