To what extent will the increase in energy and gas prices translate into the prices of products and services?
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Author
Adam Wlizło
Member of the Board
In the autumn months, there is a period of increased contracting of electricity for the following year.
Considering soaring energy prices on the wholesale market, this autumn will be particularly painful for many Polish entrepreneurs. The recently met prices of PLN 300 PLN/MWh have been unavailable for a long time - currently sellers are submitting energy sales offers for 2022 in excess of PLN 500 PLN/MWh.
Tender for the purchase of energy in the exchange model, i.e. a way to optimize the costs of a public institution
Energy purchase based on the exchange model allows you to contract all or part of the volume at current market prices. The purchase is based on tranches indexed to prices from the Polish Power Exchange (TGE). Thanks to this solution, public institutions gained access to the wholesale energy market through an intermediary (seller) and can independently decide when and in what quantity they will purchase all or part of the volume they will consume in the future. This is a good solution - by spreading the purchase over a longer period, public institutions increase the likelihood of obtaining favorable prices.
Exchange purchase, available to customers who consume at least several hundred MWh of energy per year, increases the chance of generating savings compared to purchase at a fixed price, as it reduces the risks for energy sellers themselves. However, it should be remembered that this form of purchase is associated with the risk of an increase in stock exchange prices, which in the event of insufficient control of the purchasing process may result in higher final energy prices.
Webinar – Discover savings: strategies to reduce energy and gas costs
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The agenda includes,among others:
💡Preparation for 2025 - contract, termination, change of seller.
💡Stock market purchase model – how is it better than a fixed price?
💡The future of energy prices: the role of photovoltaics in shaping the market.
💡Q&A session.
Energy of the future – from energy storage to dynamic tariffs
The dynamic development of renewable energy sources (RES) opens new prospects for enterprises. In the face of challenges related to connecting new renewable energy sources to the power grid, storage technologies are becoming an increasingly important element. Hybrid installations combining renewable energy sources with energy storage are developing at a fast pace. This solution not only increases independence from traditional sources and the national system, but also increases the security of energy systems. Thanks to this, the electricity produced from renewable energy installations at the peak of production (e.g. a photovoltaic installation during sunlight hours) can be partially used for current needs, and the rest of the produced energy will go to storage. This will make the owners of such sets more energy independent, regardless of the consumption profile, provided that a sufficiently large generation and storage capacity is built. An additional environmental advantage is the ability to obtain 100% green energy for your company.
Preparing customers' electricity systems to use dynamic tariffs will be an interesting topic in 2024. Although the launch of the Central Energy Market Information System (CSIRE) will not take place in mid-2024, as originally planned, this moment is getting closer. The introduction of a fully functional system will mean that consumers who consume even little energy will have the opportunity to use dynamic tariffs, in which the price will be different for each 15-minute delivery period. The introduction of purchasing automation supported by artificial intelligence to this model will allow for better management of energy flows, prediction of failures and optimization of deliveries. Artificial intelligence will begin to play an increasingly important role in the energy sector, from process automation to advanced analyses. This is not only efficiency, but also the key to understanding market trends. As energy networks digitize, new risks will emerge: cyberattacks. Investments in advanced security systems will become key to protecting critical infrastructure. Reliability of energy supplies will be a priority, and a key aspect in the near future will be the modernization of the network to strengthen its resistance to failures and the diversification of energy sources.