Majestic announces new charity partnership with Habitat for Humanity

Energy and utilities specialist group Majestic Securities Limited (owner of EIC, t-mac Technologies, Monarch Partnership, ESS, Welcome Energy and Smith Bellerby) are pleased to announce their official charity partnership with Habitat for Humanity Great Britain. As a member of the global charity Habitat for Humanity network, their aim is to fight housing poverty around the world.

Majestic has a strong commitment to continuous improvement in sustainable development, helping clients streamline their energy consumption, become more sustainable and manage the cost of utilities efficiently. Across our group of companies our people address the relationship between environmental stewardship, social responsibility, industry expectations, housing services, and business operations.

Our first fundraising initiative is to raise £20,000 and send 10 intrepid adventurers to Cambodia in November 2020 to work alongside a community in Battembang to build a much needed home for a local family. Our team of volunteers will get a rare glimpse of real communities and families, and a huge feeling of satisfaction that their trip will leave a lasting legacy of hope.

Peter Dosanjh, Majestic’s Chairman, says:

“Our vision is for a partnership which ‘builds thriving communities’ so we are thrilled to announce Habitat for Humanity GB will be our charity partner for 2020 and beyond. Each project we become involved with here in the UK and around the world will provide opportunities for employees to invest their time, energy and skills. Whether it’s fundraising in the office or physical labour helping to build homes, I know we will experience a great sense of achievement together. With our group of companies largely supplying utilities to buildings and homes we decided it was time to dedicate our charitable efforts towards something closer to home, quite literally! Habitat for Humanity, like us, believe that a good home is one of the most important things you can have in life.”

www.habitatforhumanity.org.uk/majestic-group/

Tum Kazunga, CEO at Habitat for Humanity Great Britain, adds:

“There is an ongoing struggle in the world to eradicate housing poverty. Millions of people wake up every day without a decent place to live in. With partnerships such as the one with Majestic Group, we are able to get one step closer to our vision of a world where everyone has a safe place to call home. Supporting builds, such as the one in Cambodia, enables us to tackle the housing crisis in areas which would otherwise struggle to cope on their own.”

Habitat for Humanity Great Britain is an affiliate of Habitat for Humanity International network, an international development charity. Habitat for Humanity supports the most marginalised and vulnerable, helps families access finance and fight for land rights for women, upgrade urban slums and informal settlements, improve access to water and sanitation, and help communities become more resilient in the face of natural disasters. Working in nearly 70 countries, since 1976 they have helped over 20 million people.

t-mac Relaunch

Our sister company t-mac Technologies Limited (t-mac) has re-launched into the metering and controls marketplace. The energy and building insight specialist is a brand in its own right once more.

t-mac logo

How does t-mac work?

t-mac’s IoT technology seamlessly connects building hardware systems with dynamic software. This enables users to remotely manage utilities including electricity, gas and water, as well as heating and ventilation systems.

It works by connecting and continually monitoring meters, sensors and equipment, and shares real-time performance data via a single online platform. This provides users with the ability to fully manage their utility use and machinery. The system can also serve as an early warning device and flag faults or energy inefficiencies.

Wates Sustainable Technology Service Partner

t-mac was recently named as a partner with Wates as part of the Wates Sustainable Technology Service (WSTS) initiative. The initiative supports customers of the Wates Group – one of the UK’s largest privately-owned construction and property services companies – in achieving their sustainability goals. The WSTS helps identify and implement sustainable technologies that comply with regulations, lower carbon emissions and improve building performance.

EIC Intelligent Building Solutions

EIC installs and delivers t-mac hardware and software solutions as part of our Intelligent Buildings offering. t-mac solutions range from simple metering and monitoring to complex Building Management Systems (BMS) controls.

You can find out more about our Energy Intelligence solutions by downloading our free guide in the resource section of our website here.

Weekly Energy Market Update – 10 February

Gas

Short-term gas contracts, notably the Day-ahead and front-month markets, fell heavily again last week, with losses of around 9%. The driving force in the gas market remains the very healthy fundamentals, lower than expected demand and risk of oversupply. A brief spell of below average temperatures and low winds had no price impact, while declines accelerated again when temperatures climbed at the end of the week and wind output surged to more than 13GW as Storm Ciara arrived in the UK.

Flexibility within the gas supply network is minimising the impact of higher demand across the winter, particularly from LNG sendout, which rose above 100mcm again last week. Nineteen tankers are now booked for February arrival. Record low LNG prices across the global market are contributing to a substantial oversupply. Asian LNG prices have more than halved year-on-year as Chinese demand tumbles amid fears over the spread of the Coronavirus.

Higher heating demand this week is likely to be offset by continued high winds, reducing the use of gas for power generation. March and April gas prices are down to 22p/th while the Summer 20 contract has halved in value since the start of winter, falling from 46p/th to 23p/th. Longer-dated gas contracts moved higher, with gains of 3-4% across the week. This was in line with a rebound in the crude oil market, which bounced off one-year lows amid ongoing speculation over the spread of the Coronavirus. Fears over lower demand from the virus has weighed on commodity prices for the last few weeks.

Power

Day-ahead power prices ended the week below £30/MWh for only the third time in ten years as the UK experienced very high wind levels at times last week. Day-ahead prices started the week higher, rising to £37/MWh as weather conditions were cooler with wind output dropping below 2GW. However, as Storm Ciara reached the UK at the end of the week, wind generation jumped to peaks of more than 13GW. On Saturday wind generation averaged 12GW across the day. The strong renewable availability reduced the share of gas in the fuel mix, with CCGT burn halving from 16GW to 8GW in one day.

Higher levels of embedded generation from the strong winds also affected electricity demand. After peaking at 45GW early in the week, peak demand fell to 42GW by Friday. Wind output is forecast to remain consistent around 12-13GW for the first few days of this week. Power prices for Tuesday have dropped to £28/MWh, testing 13-year lows for the prompt market. The
continued declines in the gas market is reducing the cost of gas-fired generation, and driving the front of the power curve to new lows. March 20 prices fell 5% week-on-week with the Summer 20 market hitting new lows at £33/MWh. The rest of the electricity curve saw little change, drawing some support from gains in longer-dated gas contracts and the oil market.

T-3 Capacity Market auction clears at new lows

The T-3 Capacity Market (CM) auction has cleared at £6.44 per kilowatt per year, marking the lowest outturn for a T-3 auction to date. The result will guarantee capacity for delivery over winter 2022/23.

A required capacity of 44.2GW was made available to bidders representing a total 59GW of derated capacity. The final result saw National Grid ESO procure 45.1GW of capacity.

The T-3 auction is the first since the reinstatement of the CM in October 2019. Two further auctions are scheduled for this year; a T-1 auction commencing 6 February and a T-4 auction to start 5 March.

The Market was originally suspended in November 2018, following a ruling from the European Court of Justice that the design of the scheme was biased against small-scale, clean energy units and therefore should not be eligible for State Aid approval. However, the ensuing investigation carried out by the European Commission reconfirmed its eligibility, enabling the Market to be restored.

Capacity Market consultation launched

Following the recent reinstatement of the Capacity Market the Department for Business, Energy and Industrial Strategy (BEIS) has launched a consultation on proposed changes to the scheme. The government hope to implement improvements to the CM’s design to reflect recent market and regulatory developments.

In summary, the government proposes to:

  • Allow all types of capacities to apply to prequalify to bid for all the agreement lengths available in the Market, provided they can demonstrate they meet relevant capital expenditure thresholds.
  • Reduce the minimum capacity to participate from 2MW to 1MW.
  • Legislate the government’s commitment to procuring at least 50% of the capacity set-aside for the T-1 auction.
  • Incorporate any new capacity type into the CM that can demonstrably contribute to the generation adequacy problem.
  • Establish a reporting and verification mechanism for the carbon emission limits to be applied to the Market.
  • Remove the exclusion of plants with Long-term STOR (Short-term operating reserve) contracts from the CM.

The consultation will conclude on 2 March 2020.

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