Local businesses get briefed on energy outlook

Guest speaker, Ulster Bank chief economist Richard Ramsey with firmus MD Michael Scott and Martin Collins from H&A Mechanical  Services
Guest speaker, Ulster Bank chief economist Richard Ramsey with firmus MD Michael Scott and Martin Collins from H&A Mechanical Services
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Delegates from more than 50 companies across the province got the lowdown on the outlook for local energy markets when they attended firmus energy’s annual briefing for large commercial natural gas users.

Guest speakers at the event included experts from the Bord Gáis energy trading team who outlined the oil, gas and electricity price trends and the outlook for winter 2016, with Ulster Bank’s chief economist Richard Ramsey providing an in-depth economic overview.

The impact of Brexit was also discussed and how the volatility of the exchange rate may affect energy prices.

“With the added uncertainty businesses now face following the EU referendum result, it is especially important that those who are responsible for purchasing large quantities of gas are given an insight into energy trends and forecasts to help them budget and project costs going forward as best as possible,” said firmus MD Michael Scott, managing director of firmus energy, commented:

“With many issues influencing the fluctuation in energy costs, including factors on the other side of the world as well as closer to home, it can be challenging to anticipate how all these will relate to what users here in Northern Ireland will pay. This energy briefing, which our customers have now come to rely on each year, is an extremely useful tool which allows attendees to become better informed on how and when to purchase gas and electricity in the most efficient way, at the best time.”