Knowledge is power
Market Insights
Competitor intelligence for decision support
BFY help clients see through the complexity of the energy industry by delivering relevant and actionable insight.
We provide Monthly and Quarterly Market Insights reports that provide details on market switching activity, wholesale price dynamics and policy insight.
We are also able to provide access to our proprietary Risk Index and P&L Forecasts, giving unparalleled analysis into suppliers’ underlying performance in areas including:
- Operational Performance
- Financial Performance
- Hedging Performance
For suppliers looking to understand their operational cost performance and to take informed, data driven decisions that optimise their short and long term financial success, BFY maintains the UK’s largest energy supplier benchmarking study.
PRACTICAL INSIGHT FOR POSITIVE ACTION
Navigating utility markets
We're delighted to be trusted energy advisors to existing and potential energy retailers, as well as institutional and private investors. Tom Bromwich Director
The nominal TDCV saving of ~2.5% - 5% has already been seen by customers, but if we have a cold winter (as some forecasters are predicting) then bills will rise further.
Ian Barker
Managing Partner
Market Insights
Most customers worse off due to Jan 2024 Energy Price Cap
OFGEM have released their updated Energy Price Cap figures for Q1-24, and our modelling shows this will make most customers worse off compared to Q1-23.
Analysis from the BFY Group team shows:
- Low consuming customers are likely to be ~27% worse off
- Medium consuming customers are likely to be ~6% worse off
- High consuming customers are likely to be ~5% worse off
OFGEM have reduced their estimated annual consumption (TDCV’s) - but this won’t result in a further saving for customers, as this is an updated reflection of historic consumption.
Click 'Read more' to get the full insight.
Meet the team
Our Market Insights team
Ian Barker
Managing Partner
Ian shapes the BFY vision and inspires our team to bring it to life, while remaining central to complex client engagements in Strategy, Commercial, and Operations.
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Tom Bromwich
Director
Tom leads client engagements with a particular focus on commercial strategy, pricing, customer acquisition and retention.
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Matt Turner
Senior Manager
Matt helps lead clients through key strategic projects exploring growth opportunities, business models, competitive advantage, and mergers & acquisitions.
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John de Bono
Consultant
John performs various analyses to provide BFY and their clients with unique insights, which help to inform decision making and inspire exceptional performance.
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Latest news
Insight on the Energy market
Most customers worse off due to Jan 2024 Energy Price Cap
OFGEM have released their updated Energy Price Cap figures for Q1-24, and our modelling predicts this will make most customers worse off compared to Q1-23.
Localised Energy Bills – How do they differ to the Price Cap?
We’re all familiar with the headline figure of the Energy Price Cap. Set most recently at £1,834 (following Ofgem's reduction in TDCV's), the number serves the useful purpose of providing an estimated average bill for customers. But rarely is there a discussion about the reality of this figure, and how it can’t possibly reflect the actual bills faced by households across the UK. In short, this is far from the case.
The Energy Price Cap – A tragedy in four acts
The Energy Price Cap was introduced by Ofgem back in 2019, to ensure “that prices for people on default energy tariffs are fair and that they reflect the cost of energy". If the goal was to prevent loyalty premiums (which was the original stated intention), then we’d argue that a relative price cap would have been better.
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