More than 60 delegates from companies across Northern Ireland attended the annual firmus energy briefing for the firm’s large commercial and industrial customers.
At the event, which included speakers from the Bord Gáis energy trading team and Angela McGowan from Danske Bank, attendees heard how gas remains by far the dominant driver of wholesale power prices in the Single Energy Market. It was also noted how wind and renewables are increasing their share of generation, leading to more volatile daily wholesale prices.
Michael Scott, managing director of firmus energy, commented: "The price of energy is a major consideration for many of our large industrial customers. With many issues influencing the fluctuation in cost including factors on the other side of the world, it can the challenging to anticipate how all these will relate to what users in Northern Ireland will pay. An experienced team of commodities buyers and economists took the audience through an overview of world and local trends and developments and gave a market outlook for the remainder of the year.
"Through these informative briefings our commercial customers are able to gain a unique insight into energy trends and forecasts, helping them to budget and project accordingly for their energy requirements."
