Oil prices slumped 30% upon opening on Monday 9th March – the biggest one-day % fall since the 1991 Gulf War. A slight upturn followed, with oil markets settling at a 25% drop for the day.
Following the outbreak of the Coronavirus in China oil prices hit lows of $53, the lowest levels in 12 months, following a 20% drop in the market. This drop in the oil price fuelled the bearish (downward) sentiments in Gas and Electric markets.
TrustFord has again been acknowledged for the 5th consecutive year, for its commitment to environmental best practice in The Green World Awards 2019.
Following the drone attacks at the weekend in Saudi Arabia on their largest oil processing plants, oil prices initially surged 20% at the start of trading on Monday with the Brent Crude benchmark seeing its biggest jump in about 30 years.
The compliance notification deadline for ESOS Phase 2 is rapidly approaching. ESOS is a mandatory energy assessment scheme for organisations in the UK that meet the qualification criteria and non-compliance could result in fines of up to £90,000
The Climate Change Levy (CCL) is the government’s environmental tax on commercial energy consumption, charged in pence per kWh by the energy supplier.
Streamlined Energy and Carbon Reporting (SECR) will come into effect from 1st April 2019.
Is your business prepared for Phase 2 of ESOS (the Energy Savings Opportunity Scheme) which began on 6th December 2015? Companies with more than 250 members of staff or with a turnover in excess of €50M and balance sheet in excess of €43M must comply by 5th December 2019.
The deadline for Phase 1 of the Energy Savings Opportunity Scheme (ESOS) was 5th December 2015. Companies that failed to comply may have thought they had avoided any penalties.
Purchase Direct has been shortlisted for two major energy awards as a result of our successful energy procurement, contract management and energy management consultancy services.
TrustFord’s commitment to reducing their environmental impact, year on year, has been recognised by The Green Organisation for the fourth consecutive year; winning the annual Green Apple Award for Environmental Best Practice.
Despite Brexit, Phase 2 of ESOS began on 6th December 2015. As with Phase 1, this is a four year phase and compliance must be notified by 5th December 2019. In their June ESOS newsletter, the Environment Agency (the scheme administrator) have confirmed that Phase 2 has begun and have recommended getting started on auditing for compliance now.
Purchase Direct has been shortlisted for two major energy awards on the back of our successful energy procurement, contract management and energy management consultancy services.
Forthcoming water deregulation could deliver benefits for English businesses. Improved customer service, efficiencies of having one supplier and some reduction in costs with higher discounts expected in a few years’ time are among the gains to be had once the water sector is deregulated in England from April 2017 (Wales and Northern Ireland will remain unchanged).
The answer is simple: all UK businesses, from 1st April 2019, via an increased Climate Change Levy (CCL) main rate.
An energy reduction programme at TrustFord, which operates from 65 locations and employs more than 3,000 people, resulted in an 18% drop in energy consumption in 2014 compared with 2013 and savings of more than £200,000 on a seven-figure energy bill.
We are celebrating an award winning achievement after delivering ‘best advice’ which has netted clients six-figure savings on energy bills.