What’s happening in the electricity markets, is now a good time to buy?

What’s happening in the electricity markets, is now a good time to buy?

At the time of writing the markets are bullish and there have been significant price rises over the last 6 months; whether now is a good time to buy for your business very much depends on your current contracts and the risk management strategy.  There is a lot of uncertainty in the markets at present,…

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Avoid scorching summer energy bills

July 2018 looks like it maybreak temperature records for how warm it has been. Such a long period of sunshine is good for the spirits but not necessarily good for your energy bills. Too many companies still misunderstand the significance of their energy bills and assume the summer is the best time to negotiate new…

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Ofgem legislation DCP228 and DCP161 coming April 2018

Ofgem legislation DCP228 and DCP161 coming April 2018

New legislation DCP228 will bring fundamental change to DUoS (distribution of use system) costs from April 2018. If you are a HH ( Half hourly) consumer, you will likely have seen DUoS charges on your bills before. DUoS charges make up to approximately 12% of all electricity bills. These costs are paid to the DNO…

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Painless energy infrastructure for Restaurants

Painless energy infrastructure for Restaurants

Energy infrastructure – the dreaded words to new site opening teams! Opening a new site for any business is an incredibly exciting time. However, for restaurants particularly, that can be short lived when it is established that new gas mains need to be laid or the electricity needs a complete cabling upgrade. All too quickly…

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Energy purchasing strategy - what is it and why do you need it?

Energy purchasing strategy - what is it and why do you need it?

As a consultant it is our job to try and place our clients in the most advantageous position possible or their energy purchasing. In extremely uncertain and volatile times, prices are only going one way. Therefore, as consultants, we need to be looking at other ways to help our clients manage their energy purchasing. This…

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Testimonial from The Banham Group

Testimonial from The Banham Group

It is always nice to receive testimonials from happy clients. As an incredibly prestigious (excuse the pun) brand, we thought it would be nice to share our latest one! It just goes to show, even if you already work with a consultant, it never hurts to have a second opinion! You could be pleasantly surprised……

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1st Quarter energy market update

1st Quarter energy market update

Taking a look at the current energy market as we now enter the end of quarter 1 for 2017. In the last few weeks we have seen both gas and power prices increase for a number of reasons. The rise in government third party charges are now starting to filter through to pricing from suppliers. Making…

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Top tips for start up restaurants

Top tips for start up restaurants

Prestige have joined forces with leading law firm, Clarks Legal, to put together a must have brochure for start up restaurants. Covering all the nitty gritty things which often don’t get a second thought, yet can be the cause of major problems! You can see the brochure of our top tips here. Be sure to…

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2017 Energy market forecast

2017 Energy market forecast

Year of uncertainty… 2017 is set to be the year of uncertainty with various factors worldwide all looking to take their toll on the energy market. As with most markets, uncertainty usually means inflated prices. Some key events taking place in the first quarter alone, all of which will cause extreme volatility; Brexit – It had…

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