The new year has brought some great savings for some of the GMG Energy Club members. Crews Hill Golf club saved £104,499 and Old Colwyn Golf Club saved £25,005 to name but two.

How is the current market?

Many golf clubs have taken advantage of recent drops in wholesale energy prices. The below graph shows how electricity has fallen since Aug 22. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This has meant that many golf clubs are in a much better position with regards to their energy bills.

How long to secure for?

Many golf clubs are asking the question “How long should we secure for?”. Now as everyone knows, the energy market is ever changing and hard to predict. However, we study daily market curves and analyse future market prices to advise best practices for the golf club.

The below indicative market curve for gas shows we are at a low point, with gas prices potentially not returning to the current lows for the next 3 years.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We are advising clubs to secure for a minimum of 2 years, this protects the clubs against a potential higher market next year.

What to do next?

Does your energy contract end in the next 12 months? The GMG Energy Club are here to help. There are hundreds of energy tariffs available and many suppliers to choose from. A lot of these don’t include future non-commodity increases, such as TCR costs. At the Energy Club, we pride ourselves on being transparent about all costs, and only offer Fully Fixed tariffs, so there will be no shocks with rates going up during the contract period. If a club requires green or renewable sourced energy we have a wide range of suppliers now offering options. All we need is a recent energy invoice and we can do the rest.

How do I reduce my consumption?

The GMG Energy Club have multiple options to reducing your consumption and reliance on the grid. Whether it is a quick fix, such as boiler controls or LED/smart lighting, to larger projects such as solar, the GMG Energy Club can advise you on what is best. We are offering clubs FREE consultant calls to discuss how we could help your club. If you would like one of these, please contact [email protected]. We will need a recent invoice to have an idea of the club’s consumption.

*market report graphs are sourced from Shell Energy.