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15.03.2022
How to manage the risk of rising electricity and natural gas prices?
When talking to entrepreneurs about the purchase of energy and gas, we see the following regularity. While everyone is anxiously observing the current events on the international arena, only some (this applies mainly to large enterprises with well-developed financial services) have taken action and face high prices. Fearing further increases, these companies made their first purchases for the next year (usually as part of indexed offers that allow for dividing purchases into several tranches). The others either did not think about contracting at all or consciously adopted a strategy of waiting out the crisis, hoping to lower prices in the coming months.
We will find out which strategy turns out to be right in a few months, but many years of experience tell us that usually those who do not put everything on one card and consciously manage the risk, spreading purchases over a longer period of time, win. This principle is the basis of the risk management strategy recommended by us in the company.
16.02.2022
Between success and failure. About good and weak energy and gas purchasing strategies with a bloom of indexed offers in background
To put it simply, it can be said that the market of energy products is like the market of stocks, currencies or other commodities. Probably none of us would invest a lot of money in buying shares of an unknown company. Similarly, if we do not have sufficient knowledge about the mechanisms that create prices on the wholesale energy and gas market (thus we may have difficulty identifying the accompanying market risks), we should be careful when making purchasing decisions regarding energy products.
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03.02.2022
Energy prices for 2023. What should you know before signing a contract?
Each of the sellers calculates energy prices based on their own contract pricing models. Due to the fact that the prices offered to companies often differ slightly, it can be assumed that a large number of sellers use valuation models based on current market (stock exchange) indicators.
The main parameter taken into account when valuing electricity is
20.01.2022
Why will many companies not have a chance to lower the electricity price? The reason may be the notice period of the applicable contract.
This situation applies in particular to companies that have never changed their energy supplier and as a result have not changed the energy purchase agreement for many years (data of the Energy Regulatory Office indicate that from 2007 to 10.2021 only 0.2 million customers from tariff groups A , B and C changed the seller - approx. 8% of Polish enterprises). It should be borne in mind that provisions on several-month notice periods with effect at the end of the year may also be found in newly signed contracts, concluded e.g. when changing the supplier.
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13.01.2022
In search of cheap electricity – green strategies of Polish entrepreneurs
In recent years, Polish branches of international concerns, promoting ecological logistic choices in their strategies, have been interested in purchasing "green" energy on the domestic market. Energy sellers sealed the energy supplied to corporations with green certificates, which satisfied buyers and did not generate additional costs for the sellers (after all, they bought some energy from RES anyway). Companies that needed more reliable than the aforementioned certificates, documents proving the production of energy from renewable energy sources, received guarantees of origin registered on the exchange.
Currently, the financial pressure resulting from the growing costs of purchasing electricity has increased the interest of a new group of entrepreneurs in green energy - these are companies with Polish roots. Their owners are frantically analyzing the possibilities of buying energy several years ahead by concluding PPA contracts (e.g. long-term purchase of energy from photovoltaic farms) or by investing in their own energy generation sources.
When concluding a PPA contract, it is worth taking a careful look at all contractual conditions, including in particular the price at which the remaining energy will be purchased from the entity responsible for balancing. It may turn out that the profit from the cheaper purchase of energy from the RES farm will be offset by the extremely high balancing costs.
When looking for cheaper electricity, it is worth considering investing in your own energy generation source, as long as you have adequate resources. With the current energy prices (the price of the band product for 2023 exceeds PLN 600 / MWh), investments pay off even after 3 years. We encourage entrepreneurs to carefully verify the various investment implementation models offered on the market - for example leasing a photovoltaic installation or building a PV farm away from the place of energy reception.
23.12.2021
Merry Christmas and happy New Year! Thank you for building Enfree with us!
We thank you for your trust and cooperation in the past year, and in the New Year we wish you happiness, health and success.
Christmas greetings,
Arkadiusz Somnicki and Adam Wlizło
17.12.2021
The President of the Energy Regulatory Office approved energy prices for 2022. Your home electricity bill will increase by 24%.
We have been waiting for a long time for Friday, December 17, 2021, in which we expected the decisions of the President of the Energy Regulatory Office approving tariffs for the four largest energy sellers (PGE, Tauron, Energa, Enea) and tariffs of distribution companies. Knowing at what prices entrepreneurs contracted energy for 2022 in recent months (price increase two or even three times y / y), it was known that households would also suffer significant increases.
17.12.2021
How much will we pay for gas in 2022? More than a half more than this year.
The 58% increase in the bill will affect household consumers who use gas for three purposes: gas cookers, gas water heaters and gas heating installations. It is an approximate value, calculated on the basis of the net value for the so-called a typical household. A slightly smaller increase in the bill, approx. 54%, will be recorded by customers using only gas cookers and water heaters. If we only use gas in gas cookers, the bill will increase by about 41%.
Such a large increase in gas prices is a consequence of what we have been dealing with for many months on the wholesale market (where gas sellers buy gas fuel for resale to end users). The price "Armageddon", which affected most European countries, is largely the result of the tense political and economic situation with a potential Russian-Ukrainian conflict and the Nord Stream 2 pipeline in the background. In short: Russia has limited gas supplies to Europe, increasing pressure on the European Union not to delay the decision to launch the Nord Stream 2 pipeline. Reduced gas fuel supply, combined with growing demand, directly and significantly affected gas prices.
The difficult situation on the gas market also results in the largest historical increase in electricity prices. This is described in more detail in the article:
10.12.2021
Nobody expected such a “hot” December on the European energy exchanges – electricity prices are breaking new records.
The average daily SPOT prices in Poland broke the level of PLN 1,100 / MWh, which, compared to the average price from 2020, PLN 210 / MWh, is an extremely high level. We all pay for it - directly (as seen in energy bills) or indirectly (e.g. in prices of goods and services or taxes). So let's take a look at what the current level of energy prices is causing.
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