Matt Turner

Management Consultant; Ex-industry with 10+ years experience in UK Energy Retail - Strategy, Regulation, M&A. Infrequent tweeter.

[Matt Turner @mwt0604]

@BBCMorelle does this say splashdown is before re-entry or have I had one too many wines?

[Matt Turner @mwt0604]

Racists don’t even hide these days, just operating in plain sight moaning about trains

[Matt Turner @mwt0604]

@EastMidRailway @drive_holme_den If one member of staff being ill can cause delays to all trains leaving St Pancras then you’re not fit to run the train contract and EMR should hand it back to Government.

[Matt Turner @mwt0604]

@EastMidRailway @drive_holme_den So a single ill member of staff made every train late and cancelled the 19:05 to Nottingham? Feel like someone isn’t telling the truth unless every one of those trains had ill members of staff at the same time 🤥

[Matt Turner @mwt0604]

@PeacheyK @collettasmith - brilliant to see you both pick up the latest Debt data from Ofgem today - it's something we've been trying to raise awareness of for some time now. BFY Group would love to speak to you about it and share our views. DM me if interested and I'll arrange.

[Matt Turner @mwt0604]

@marksesum @LoftusSteve @thecountof1 @mattwridley Retailer margins aren't fixed at 1.9%. They're assumed to be 1.9% in the price cap but suppliers can underperform or outperform that depending on how they manage their actual costs.

[Matt Turner @mwt0604]

@clim8resistance The price cap follows a predetermined formula that’s available online. There is no conspiracy.

[Matt Turner @mwt0604]

@bgprior @g__j Octopus are in scope of the new rules for suppliers producing CSSs... they're just not due to be published for them yet.

[Matt Turner @mwt0604]

@IanBarkerBFY @emilygosden @thetimes 😬 I’m not ready. Hardest problem is currently where to snorkel and which bar to have a negroni in.

[Matt Turner @mwt0604]

@L__Bow @thatsamoray @chandtailor @agilepredict Yes and no. Price cap energy now is already bought. But Agile pain now is for energy delivery *tomorrow* whereas we're currently in the price cap observation window (thus buying window) for energy delivery April-June. See some broad connected trends but not the same.

[Matt Turner @mwt0604]

@L__Bow @thatsamoray @chandtailor @agilepredict It's the intra-day consumption uncertainty to hedge for in advance vs customers responding to price signals. Suppliers could end up with too much energy for some of the day and not enough for others and quickly shift to loss-making. Risk is driving the single-asset approach.

[Matt Turner @mwt0604]

@L__Bow @thatsamoray @chandtailor @agilepredict No problem, was a good one to have the team dig into. We are in that position, yes. On both gas and elec but here's gas. A forward-hedged tariff with intra-day time of use would look pretty good from a customer perspective right now. Hard for a supplier to get right though.

[Matt Turner @mwt0604]

@L__Bow @thatsamoray @chandtailor @agilepredict Sorry I’m not stalking you I promise. It was largely due to the difference in hedging vs short-term wholesale. https://t.co/u0NbIAvvpM

[Matt Turner @mwt0604]

@L__Bow @thatsamoray @chandtailor @agilepredict I believe something along these lines will become the norm after market-wide half-hourly settlement.

[Matt Turner @mwt0604]

@davidwatson__ Hah! I missed that one!

[Matt Turner @mwt0604]

@guynewey @NeilStockley I didn’t make it to s3 each time. Stuck in S1. And largely influenced by whether my wife was interested or not 😂

[Matt Turner @mwt0604]

@guynewey @NeilStockley I was exactly the same but cracked it on my 4th or 5th attempt and thoroughly enjoyed the rest of it.

[Matt Turner @mwt0604]

@IanBarkerBFY @g__j Can’t imagine many other brands leaning in to this