Latest News

Petrol prices set to fall below £1 per litre

The RAC has announced that there is a big chance that petrol prices will fall below £1 for the first time in 6 years. This comes after a recent drop in wholesale fuel prices which could pass on a 2p per litre saving to consumers.

Since 2009 the price of petrol has been above £1 per litre and it actually rose to record prices of £1.41 in April 2012. The price of petrol is something which affects consumers and businesses throughout the country, with fuel being such a big expense in everyone’s budget.

Concerns raised over the UK’s energy security

The National Grid are to be questioned by The Energy and Climate Change Committee about how safe the UK’s energy security is. This comes after it was announced that the gap between peak demand and total power generating capacity will be the tightest for a decade.

This had been heavily criticised by the shadow energy and climate change secretary, Lisa Nandy, who blames the Conservative Government for the tight gap, stating it is because the Tory’s have attacked the UK’s renewable energy industry.

Scotland set to miss 100% renewables target

Scotland are set to announce that they will miss the target to generate 100% of their electricity from renewable sources by 2020. The renewable energy industry in Scotland is a huge part of the economy accounting for around 21,000 jobs and delivering almost £1 billion of capital investment each year.

What next for diesel?

Diesel cars have had a really hard time in the media lately, with talks of increased taxes, city centre bans and extra congestion charges diesel drivers will be starting to worry. This recent criticism all began with the VW scandal where it was announced that their cars are not as eco friendly as they claim.

What’s wrong with diesel?

New well to be drilled at York Gas Field

A fourth well is to be drilled at York Gas Field by Centrica, who have invested £80 million to extract gas from the field till 2020. The additional well will allow Centrica to access an additional 20 billion cubic feet of gas, which is enough to heat half a million homes throughout the year.

North West England receives £132 million power network investment

An investment totalling £132 million pound has been made to improve the North West’s power lines, underground electrical system and substations. The investment has came over the past 12 months and will benefit almost 5 million electricity users from Merseyside to Cumbria.

The improvements to the network included a £20 million fund dedicated to improving overhead power lines and pylons, as well as a £3.7 million investment to cut down trees that could cause a risk to the power lines.

Fossil fuel demand to fall over the coming decades

Changes in environmental policies, increasing energy efficient technology and more affordable renewable energy will cause fossil fuel demand to drop significantly by 2040. That is according to an analysis by Carbon Tracker which challenges the major energy firms predictions that the fossil fuel industry will continue to rise.

UK SME’s wasting £82 million per year

The Energy Efficiency Financing (EEF) Scheme has revealed that SME’s in the UK are wasting more than £82 million on their energy bills each year. The analysis stated that the overspending on energy was due to SME’s having old energy efficiency technology fitted on their premises and using old equipment that would not be as energy efficient as newer models of the same equipment.

China to investment in the UK’s nuclear energy

The announcement this week that China will be investing in the UK’s nuclear energy industry has been met by mixed reviews. Under the plans china will own around a third of the new nuclear power station that will open in Hinkley over the next decade.

China will also invest in other nuclear projects throughout the UK said to be worth billions of pounds, and supporters of the plans point to the strength of the Chinese economy and the fact that investment from such a strong economy will help build and strengthen the UK economy.

Will the ESOS deadline extension be enough?

With news of the ESOS deadline extension sinking in, it has lead to some to question whether the extra time will be enough for some companies. Under the new guidelines companies will need to notify the Environmental Agency if they are going to miss the old deadline of December the 5th, which will then give them until January 29th.

With the extension falling over the Christmas period with factory shutdowns and holidays overlapping, many experts believe that despite the extension a large number of companies will still fail to comply.   

The UK’s future electricity supply takes a hit

The UK’s only planned gas power station is now in doubt after it emerged that Carlton Power, the company who was awarded a government subsidy to build the plant, had failed to secure financial backing. The plant was due to be built in Trafford, Manchester and was due to start producing electricity for the UK in 2018, however that now looks in doubt.

Business electricity​​

ESOS deadline extended

The Environment agency has announced that it will be extending the deadline to comply with ESOS and will not be sanctioning any businesses that miss the December the 5th deadline. Instead the deadline to comply will be moved to January 2016.

What will water market deregulation mean for you?

When the rest of the UK opens the water market to competition in 2017, following in Scotland’s footsteps, the savings could be huge. Scotland’s water market opened up to competition in 2008 and it has so far saved Scottish businesses £65 million. With a greater number of businesses in England and Wales the saving are predicted to be substantially higher than that.

Carbon reporting and taxation needs to be streamlined

A new consultation is to advise the government that its policies for carbon taxation and carbon reporting need to be more streamlined. Currently businesses have two energy tax schemes through the Climate Change Levy (CCL) and the Carbon Reduction Commitment  (CRC) as well as three separate carbon reporting requirements in the forms of ESOS, CRC  and mandatory Carbon Reporting.

Climate change to put considerable pressure on energy sector

It has been suggested by the World Energy Council that the energy sector will be put under considerable pressure over the coming decades because of climate change. The number of extreme weather events has increased by over 400% from 1980 to 2014, and it is because of statistics such as this that the World Energy Council are warning the energy sector.

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