What is energy market backwardation and how can your business benefit from it?
Backwardation offers businesses an opportunity to secure more favourable energy rates by acting strategically and leveraging forward markets.
The UK energy market is currently experiencing backwardation, where energy for delivery in future years is lower than the energy price for immediate delivery.
This offers businesses an opportunity to secure more favourable energy rates by acting strategically and leveraging forward markets.
Why are we talking about this?
Regardless of size and sector, every organisation relies on energy to power their daily operations. This renders utilities a business priority and energy procurement a key operational decision.
However, the energy market is intricate and instantaneous. Continuously reviewing and adapting your energy procurement strategy when required ensures its effectiveness.
Due to its nuance and immediacy, the energy market can be inordinate to navigate alone. An experienced expert partner can help you make the most of the opportunities a dynamic energy market continuously offers – like now with backwardation.
The foundation of Inspired’s procurement offering is continuously monitoring and analysing global energy markets to form expert insights.
Want to make the most of market conditions? Our experts can help you build a procurement strategy tailored to your business. Please contact us at [email protected]
