Northern Gas and Power

Morning Energy Briefing | Monday 25 November 2024 Day ahead gas contracts are trading higher at 116p/th (3.96p/kWh). Day ahead power contracts are trading 19% higher at £111/MWh (11.1p/kWh). Wind generation is currently at 19.38GW supplying the grid with 51.3% of its power generation. You can subscribe to our free Daily Market Reports here: 🔗: https://lnkd.in/ejmbhwns Or contact our trading desk here: 📩: trading@ngpltd.co.uk Full report here: 👉: https://lnkd.in/dnKMQDcZ #EnergyProcurement | #EnergyTrading | #EnergyManagement | #EnergyStrategy | #RiskManagement | #EnergyIndustry

At NGP, we believe in the power of customer satisfaction. Our team is committed to providing expert advice and support for all your business energy needs.
 If you need support with your business energy contracts, contact our specialists at NGP today. Arrange a callback: 🔗 https://lnkd.in/d3MGfMSk #EnergyIndustry | #EthicalBusiness | #BusinessEnergy | #EnergyMarket | #Utilities | #EnergyTrading | #UKBusiness | #NorthEast | #HereForYou | #SustainableBusiness | #ResponsibleBusiness | #EnergyProcurement

#NGPNews | Northvolt Bankruptcy: A Setback for Europe’s EV Aspirations Northvolt’s liquidity crisis and bankruptcy filing have sent shockwaves through Europe’s EV battery industry. With only enough cash to sustain operations for a week and $5.8 billion in debt, the company’s struggles highlight the challenges of competing with a dominant Chinese industry. As Northvolt fights to restructure and revive its mission, what could this mean for the UK’s energy ambitions and its ability to reduce reliance on foreign battery suppliers? Read more on this story here 👇 You can subscribe to our free Daily Market Reports here: 🔗 https://lnkd.in/ejmbhwns #EnergyMarkets | #EnergyCrisis | #BusinessEnergy | #EnergyPrices | #EnergyIndustry | #Energy | #UKEnergy | #EnergySecurity

You may have seen our post about the relaunch of our Women’s Network, but what does it truly mean to us at GPG? For us, it’s more than an event or a gathering - it’s about creating a lasting, supportive space where women can connect, share experiences, and inspire change. It’s about listening to women’s voices, tackling challenges like workplace equality, and ensuring we have meaningful policies in place, from family-friendly initiatives to menopause support. With inspiration from Helen Boyd at Smart Works Newcastle, we were reminded of the power of the right support - from a confidence-boosting outfit to coaching that empowers women to tap into their potential. Watch the video below to learn how we’re breaking barriers and building a better workplace. #WomensNetwork | #EmpoweringWomen | #GPGCommunity | #InspiringChange | #WomenSupportingWomen | #CareerConfidence

#NGPNews | Crown Estate Allocates £7.3 Million to Offshore Wind and Marine Research The Crown Estate is investing £7.3 million in five innovative projects under the £50 million Offshore Wind Evidence and Change Programme to ensure offshore wind growth aligns with marine conservation. These initiatives tackle key challenges, such as reducing bird collisions, mitigating construction noise for marine life, and boosting biodiversity around wind farm infrastructure. One project, ECOCHANGE, will explore how wind farms shape new marine ecosystems, while another, Disco Scallops, aims to revolutionise scallop fishing within wind farm zones. With £7.3 million driving these advancements, how could this investment shape the future of UK energy and marine conservation? Read more on this story here 👇 https://lnkd.in/eYifHMty You can subscribe to our free Daily Market Reports here: 🔗 https://lnkd.in/ejmbhwns #EnergyMarkets | #EnergyCrisis | #BusinessEnergy | #EnergyPrices | #EnergyIndustry | #Energy | #UKEnergy | #EnergySecurity

Reminder: your vote matters! This Christmas, we at Global Procurement Group are donating £2000 to a local charity - and we need your help to decide where it should go! Have your say and make a difference by casting your vote today. Don’t see your preferred charity on the list? No problem - you can suggest one too! 🗳️ Vote here: https://lnkd.in/eFCpSnga Hurry - voting closes tomorrow at 5pm, Thursday 21st November! Don't miss this chance to make a meaningful impact this holiday season by supporting a worthy cause! #GPGLife | #GivingBack | #CSRMatters | #CommunitySupport | #SocialImpact | #MakeADifference | #ChristmasGiving | #CharitySupport | #NorthEast | #CorporateSocialResponsibility

#NGPNews | UK Oil and Gas Decommissioning Costs Surge to £2.4 Billion Annually Despite the UK spending £2.4 billion annually on decommissioning oil and gas infrastructure, progress is falling short. In 2023 alone, £1.7 billion was spent on decommissioning, up from £1.6 billion in 2022, with costs expected to hit £2.3 billion in 2024. However, only 126 wells were decommissioned last year - a 10% drop from forecasts and far below the 200+ wells needed annually to meet 2030 targets. As North Sea production declines (with oil output down 11% in early 2024) and decommissioning costs set to surpass capital investment, how could these growing pressures impact the UK’s energy landscape? Read more on this story here 👇 https://lnkd.in/eV9hEFwS You can subscribe to our free Daily Market Reports here: 🔗 https://lnkd.in/ejmbhwns #EnergyMarkets | #EnergyCrisis | #BusinessEnergy | #EnergyPrices | #EnergyIndustry | #Energy | #UKEnergy | #EnergySecurity

Congratulations to our CEO Fokhrul Islam or as we all know him, Fu. Fu has won the award for the Global Entrepreneur of the Year 2024 for the North East, Yorkshire, and the Humber region! The award was won last night at the Great British Entrepreneur Awards & Community (GBEA). Fu's leadership and vision has been vital to the Group’s global success. We continue to grow every year through innovation, helping our customers all over the world in driving energy efficiency, cost saving & sustainability. Well done to all of those that were shortlisted for all of the categories at the awards last night. #GreatBritishEntrepreneurAwards | #Entrepreneurship | #BusinessExcellence | #Leadership | #Sustainability | #IndustryRecognition | #Innovation | #CommunityImpact | #GBEA | #NorthEast

Can a 21st-century energy revolution thrive on a 20th-century grid? With outdated infrastructure limiting progress, the Strategic Spatial Energy Plan (SSEP) is paving the way for a modern, renewable-powered future. Here's what's happening: ▪️ £33 billion committed to upgrades ▪️ 9.8 GW of clean energy fast-tracked ▪️ Community support campaigns such as Prepare, Care, Share The momentum is building - but will it be enough to meet 2030’s ambitious clean power goals? Find out in our latest blog 👇 🔗 https://lnkd.in/ei5jRfzS #EnergyMarkets | #EnergyCrisis | #BusinessEnergy | #EnergyPrices | #EnergyIndustry | #EnergyTransition | #NetZero | #UK

Just one week to go until our Head of Energy Trading, Latif Faiyaz, joins this year's edition of Energy Risk Europe! Latif will be forming part of a panel of fellow industry experts to discuss the global energy market outlook and associated risks, tackling topics such as geopolitical tensions, European regulatory changes, market risk, and more. Looking forward to impactful discussions ahead! Register now and don't miss out! 🔗 https://lnkd.in/erE2kAsq #EnergyTrading | #EnergyMarkets | #EnergyIndustry | #OilPrices | #GasPrices | #OilAndGas | #GlobalTrade | #RenewableEnergy | #LNG | #RiskManagement | Risk.net