Energy Market Report Autumn/Winter 24

Good News Stories!

Since it’s inception a number of years ago GMG Energy Club has assisted over 500 golf clubs in securing their energy contracts. There are hundreds of energy tariffs available and many different suppliers to choose from, we ensure full transparency so clubs can make an informed choice, just like these clubs did below in the last couple of months….

• Radyr Golf Club saved over £80,000
• Royal Cinque Ports Golf Club saved over £48,000
• Worksop Golf Club saved over £47,000

“We received polite contact from GMG when some of energy our contracts were approaching their renewal window. The phone call was followed up with clear instructions by email and, by providing some easy-to-find information, our quotes for gas and electricity contracts were returned within 3-4 days. We managed to save £9.5K per year on gas and a whopping £18K per year on electricity!! The agreements were easy to put in place and all the admin was handled efficiently by GMG on our behalf.  We receive many phone calls from energy providers and brokers, but we wouldn’t consider using anyone other than GMG.” Sam Nicholson Royal Cinque Ports GC

"It has been a smooth and efficient process working with GMG Energy Club on our recent energy review and contract renewal. Their expertise and attention to detail ensured that we secured the best energy solution for our needs, and we greatly appreciate their professional and timely support." Simon Booth Worksop GC

How is the current market?

Many golf clubs have taken advantage of 2024’s lower wholesale energy prices. The below graph shows how electricity has fallen since Nov 22.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

However, the market is on the up, with prices having fluctuated but generally increased since the lows in February 2024.
With the cold winter months expected to push prices higher, we recommend securing your club’s new deal as soon as possible.

Does your energy contract come to an end in the next 6 months?

Future market outlook:
With winter fast approaching and the unrest in the middle east the market has seen a lot of fluctuation in recent months.
Below is a market curve of future price predictions over the coming years, however we are paying close attention to the next 12 months, hitting it’s peak in Q1 of 2025 (see graph below), we are keen to look at energy contracts ending in the next 6 months to ensure that clubs can mitigate against these rises. Leaving the renewal till Q1 of next year could cause the club unnecessary increases.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How do I reduce my consumption?

The winter months see golf club’s energy consumption rise. Heating the clubhouse and the need for more lighting on dark nights, it is imperative that efficiency is optimised.
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 the best solution for your club.

We are offering clubs a FREE consultation call to discuss how we could help, please contact [email protected]. We will require a recent invoice to have an idea of the club’s consumption and we can book you in for a call.

*market report graphs are sourced from Shell Energy.

 
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