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Thursday's Energy Market Update... Current Market Drivers - Day-ahead baseload contracts have pushed up this morning, with declining wind generation into tomorrow increasing gas-for-power demand. Support is also coming from colder temperatures increasing household heating demand. An anticipated increase in European LNG import demand in 2025, driven by rapidly depleting storage, reduced Russian pipeline supply and rising industrial demand is continuing to provide bullish signals along the curve. Norway have extended their outage at the Hammerfest LNG facility by 10 days until 19-Jan. Coupled with an unspecified outage at their Kollsnes facility, this is offering support to prompt and near curve gas contracts on tighter supply. The UK have secured an additional 2 LNG cargoes for Jan-25, bringing the total to 14, limiting any further upside to near-curve gas contracts on signs of stable supply and enhanced capacity for storage injections. Slovakia's Prime Minister confirms that Slovakia have secured gas supply from Russia despite the ending of the Ukrainian transit deal. Details of the deal remain unclear but it highlights Slovakia's efforts to ensure energy security. 2buy2 #Energy #Procurement

Last month, Sport Wales confirmed that 9⃣7⃣ clubs across Wales were successful in applying for a share of £1.7m from its Energy Saving Grant.⚡ The grant will ensure that sports clubs in Wales are becoming greener and cheaper to run. Remember that the WSA Procurement Portal can support clubs in stretching that funding as far as possible! Learn more➡️ https://lnkd.in/eQWCxjbr

Weekly Energy Market Update... Current Market Drivers - Wind generation is falling into tomorrow, offering support to prompt baseload contracts on increased gas-for-power demand. Downside to the UK carbon benchmark is limiting some upside. The UK has secured a 12th LNG cargo for Jan-25 despite the outage at Norway's Hammerfest LNG, providing bearish pressure to near-curve gas contracts as the UK continues to attract LNG from the Americas and West Africa. Europe continues to increase its regasification capacity with a new Italian 5bcm LNG FSRU due online in Q2-25. This could improve European imports prospects as it continues to diversify away from Russian gas. The UK gas system opened up oversupplied this morning, providing downside to day-ahead gas contracts on sufficient pipeline supply. Colder temperatures increasing household heating demand are limiting further downside. UK gas futures are largely bearish this morning, easing from recent highs as concerns over the loss of Russian flows wane. Increased LNG imports and milder temperatures into next week are also providing bearish signals. 2buy2 #Energy #Procurement

It's not long until our next webinar on developing a compliant and effective procurement plan. A topic that's particularly important with the regulation changes coming... Join us as our resident expert, Nathan Swinney guides schools and trusts through creating a compliant and strategic procurement plan. 🎯 Key Takeaways: - The importance of a procurement plan under new regulations. - Step-by-step guidance on developing a comprehensive plan. - Best practices for documenting your procurement processes. 🗓 Date: Friday, Dec 06 🕙 Time: 10:00 AM Register today and ensure your school or trust is fully prepared for the future: https://bit.ly/4dQCrmO #Education #Procurement #Webinar #SchoolLeadership

Here we are at Institute of School Business Leadership ready for two exciting days of chatting about all things school procurement! 🎉 We're here to showcase how we can support you with smarter, easier procurement solutions. Swing by to chat with Geraint Williams and Victoria Lawson – we’d love to hear about your needs and share how we can help. See you soon! 👋 #isbl

Great listening to our very own EV charging expert, Jonathan Morgan at the WSA Sustainability in Sport Conference in Newport today!

We're happy to announce the speakers for our Powering Welsh Sport: The Green Energy Revolution panel at the 2024 WSA Sustainability in Sport Conference.🌍 Aled Lewis, Director at the Cymru Football Foundation Jonathan Morgan, Director of 2buy2 EV Charging Limited Richard Lawrence, Recreation and Health Lead at Bute Energy Wales "As the green energy revolution gains momentum, it's inspiring to see its potential to transform not just industries, but also community sport. "This panel has been carefully selected to bring together leaders who understand how sustainable energy can power healthier, more vibrant community sports clubs. "I'm excited to welcome this discussion and look forward to exploring innovative ways we can harness green energy to fuel the future of sport, creating opportunities that benefit both our members and our environment." Find full detail➡ https://lnkd.in/eT3EVU-M

We're here at the @B2BExpos #ReadingBusinessExpo2024 today at the Green Park Conference Centre! Come and chat to us on stand 42! Emma Edwards Geraint Williams #BusinessNetworking #ReadingBusinessExpo #2buy2 #B2B #BusinessGrowth

2buy2 will be attending the @B2BExpos #ReadingBusinessExpo2024 this Thursday, 26th September at the Green Park Conference Centre. This is a fantastic opportunity to connect with hundreds of local businesses in the heart of Reading’s largest business district. We can't wait to meet you, share insights, and explore new partnerships! Come and chat to us on stand 42! #BusinessNetworking #ReadingBusinessExpo #2buy2 #B2B #BusinessGrowth

The UK's power supply remains stable ahead of the last coal-fired power plant's closure. The 2GW Ratcliffe-on-Soar coal-fired power plant it set to close at the end of September, achieving the target of closing coal-fired power by 2025 as part of the green transition. The UK’s reliance on coal in it’s power mix has slowly been decreasing, with coal only providing 0.25% of the UK’s power mix in August. In recent years, Ratcliffe has been used as a buffer for extra winter demand and at its peak over the winter months providing 4.19% of the UK’s power supply. However, the recommissioning of two 832MW gas-fired power stations are set to substitute for the closure of Ratcliffe. Additionally, 2.9GW of gas capacity was secured during a capacity market auction in early 2024, contributing to the UK's overall net increase in energy capacity. Despite the closure of Ratcliffe the UK’s energy supply remains comfortable ahead of winter.  #2buy2 #energy #procurement