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Currency & Storage

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Currency

The impact of a weaker pound will be felt in higher fuel and energy prices, and more expensive holidays. But for some the consequences could be more serious.

If you have incomings and outgoings in different currencies, and are exposed to currency movements, you fundamentally have two options: individual or multi-currency accounts. Both allow you to take advantage of, and shelter from, currency fluctuations, as well as making life easier with revenue streams in two or more currencies.

Storage

We now have less than 10% storage capacity of gas. With the prolonged Winter continuing, fears about gas rationing have lingered in the headlines, throwing attention on a long-running problem. For the best part of a decade, the UK has been a net importer of natural gas. Imports account for around a third of our energy needs, due to the depleting North Sea reserves. Our current storage infrastructure, usually underground salt caverns or old offshore oil and gas fields, has not kept up with the changing energy situation with little to no expansion in capacity which has left the UK vulnerable to the recent exponential Gas price hikes.


Alfa Energy Group

Alfa Energy Group is an international energy, water, and sustainability consultant partner with 200 employees over 4 international locations. For over 25 years, Alfa has been servicing its clients’ needs through energy and water management, sustainability, and compliance consulting, and an intuitive ecosystem of user-driven energy, water, and carbon management software platforms. With coveted awards, an international industry-wide recognition, and clever simple solutions, today Alfa is partnering with clients to establish and deliver pivotal net zero strategies. Through smart energy management, the expertise and diligence of its people, transparent processes, and data management, Alfa continues to lead through its recognised gold standard of service delivery.