So much is meant to be happening in 2019 and if I truly knew what the energy markets were going to do, I would have been a commodities trader and made so much money I would have retired by now! However here are a few of my musings…
Energy Markets
As I have said to lots of our clients – if any energy broker/advisor/consultant truly knew what the energy markets were going to do in the future they would be commodity traders and have made an absolute fortune doing it.
Feed in Tariff
The 31 March 2019 is the last day that applications for accreditation can be submitted. After then, there is currently nothing to replace it.
Climate Change Levy
Rates are going up significantly from the 01 April 2019. But, if you are in a Climate Change Agreement (CCA), the percentage of relief is also going up so you won’t see much change on the bottom line. However, make sure you send updated PP10 and PP11 forms to make sure you get it.
If you’re not in a CCA you have three options:
- Do nothing, just pay the extra
- Use less energy (gas and electricity) – energy efficiency might not be as exciting as renewables but it works!
- Import less electricity from the grid i.e. generate your own
ESOS
It’s a bit like the Olympics, world cup etc., it happens every four years and 2019 is ‘it’.
To find out more click here.
Read our blog to for our 2018 wrap up for the energy market here.