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Only 152 companies have complied with ESOS

The Environmental Agency confirmed in September that only 152 companies have notified them that they have complied with ESOS. With around 14,000 companies required to comply, there is expected to be a huge shortfall, leading to the question, will the Environmental Agency be able to enforce the punishment to such a large number of companies?

There are a huge number of companies that will register their compliance as the deadline gets closer, however it is very unlikely that all companies that fall under the scheme  will be able to comply.

One Day Energy Manager

The salary of an experienced energy manager in the UK is in the region of £40k-£50k per annum. As we enter an era of high energy prices and increasing carbon reduction legislation there is a need to effectively manage energy either in-house or by using energy consultants.

How the One Day Energy Manager works?

One of our expert energy consultants will work with your company to ensure you are kept up to date with all aspects of energy management to continually improve your operating efficiency.

Indonesia to re-join OPEC

OPEC have announced that Indonesia will be re-joining the organisation this December after they terminated their membership in 2009. The termination came after Indonesia’s oil demand increased and they became a net importer of oil. This has led to a lot of questions about OPEC’s decision to allow Indonesia to reactivate their membership, however in response OPEC have said that Indonesia is a country with a lot of history with the organisation.

Energy firms take Government to court over CCL exemption

The UK Government will be taken to court by two energy firms because of the removal of the Climate Change Levy (CCL) exemption. The Climate Change Levy is a tax on business energy usage which affects all businesses within the UK, however businesses sourcing their energy from renewables used to receive tax breaks. The energy firms claim they were not given sufficient notice to adapt their business accordingly.

Gas demand lower than expected

Gas demand has been reported as lower than expected for this time of year, although prices have risen throughout the week. Oil prices have started to increase again over the past week, rising from $43 per barrel to just over $51 per barrel.

Electricity prices have also followed gas and oil rising sharply this week. A power outage at the Sleipner Platform caused it to shutdown this week which stopped Norwegian LNG imports. This is believed to have contributed to the rise in gas and electric prices.

UK Government gives the go ahead for £3 billion North Sea gas field

A new gas project in the North Sea worth £3 billion  has been given the go ahead by the UK Oil & Gas Authority (OGA). The OGA was launched in April 2015 as one of the first moves by the new conservative government to act as the governing body to the North Sea oil and gas industry and assist with economic recovery.

The Culzean field is the biggest discovery made in the North Sea for a decade and holds around a quarter of a billion barrels of oil equivalent. It is expected that it will produce enough gas to meet 5% of the UK’s needs by the time it is fully operational.

Proposal to close the Feed in Tariff (FiT) proposed by the DECC

The Department of Energy and Climate Change (DECC) has put a proposal forward that would have huge affects on the renewable energy industry by hugely reducing incentives payed for by the Feed in Tarriff (FiT).

FiTs currently provide businesses payments for generating energy through methods such as installing wind turbines and solar panels. Businesses also receive payments for additional electricity they make by selling it back to the grid.

Oil prices fall again due to low demand

Global oil prices have taken another hit this week due to a surprise drop in demand from the USA and concerns over the Chinese economy. Analysts have indicated that the glut of oil is expected to continue into the new year which will keep prices low for the foreseeable future.

Spanish Island becomes 100% green

The small island of El Hierro located in the Canary Islands has became the first remote location in the world to be powered totally by renewable energy. The island is now powered by wind turbines and a hydro plant to provide green energy.

Any excess electricity produced by the wind turbines is used to pump the water kept as sea level up to the reservoir. If the wind is not strong enough to provide the whole island with the required energy, the hydro plant will start to produce energy to compensate.

Shell gets permission to drill in the Arctic

The Obama Administration has gave Shell permission to start drilling in the Arctic, which has prompted a huge backlash with environmental groups. Shell had been waiting for a safety vessel called the Fennica which is required by law to be present while Shell drills. The Fennica carries a state of the art device designed to limit the impact of a blowout.

Last coal-fired power plant in Scotland to close

Scottish Power has announced that they will be closing Langannet Coal Power Plant at the end of March 2016. This was the last coal powered power plant remaining in Scotland and will close after 46 years of producing power in Scotland.

Scottish power have said that reemployment opportunities will be available for the 230 staff whose jobs are directly affected. The explanation for the close was put down to the high carbon taxes and transmission charges which had caused running the plant to become uneconomic.

Loan up to £50,000 interest free to buy electric vehicles

The Scottish Government have made a sum of money available for interest free loans for people wanting to make the switch to electric cars. The scheme is called The Electric Vehicle Loan and will allow people in Scotland to borrow up to £50,000 interest free to buy a new electric car. Grants are also available for people in Scotland to buy  electric charging points for their homes.

Oil prices hit 6 and a half year low

Oil prices this week have hit their lowest for six and a half years, with many experts expecting that to fall even lower. The World Bank has announced that it expects oil prices to fall by at least another $10 per barrel by next year, due to an expected return to the market for Iran.

UK Government to fast track fracking applications

Energy Secretary Amber Rudd has announced new powers for the government to step in if local councils are attempting to delay fracking applications. They have set a limit of 16 weeks for local councils to either accept or decline the applications, stating that extra delays do not benefit either side.

In May 2014 Quadrilla submitted plans to drill four wells in Lancashire, however, the decision was repeatedly delayed. It is this kind of situation that the government is determined to avoid and the new powers will allow them to intervene if this sort of situation happens again.

Wondering how P272 will effect your company's energy bills?

P272 is a mandatory change instigated by OFGEM which will effect all profile classes 5-8 that have Automatic Meter Reading (ARM) installed. When the changes take effect all metres that fall within these profile classes with AMR fitted will be charged using the half hourly data instead of a pre determined price.

This will be implemented by the 1st of April 2017, although some suppliers are campaigning to have that pushed back to avoid their customers having to change their contact mid may through their current arrangements.

Wondering why diesel is now cheaper than petrol? Here’s why

You would have noticed over the past two months that the price of diesel has slowly crept lower than that of petrol. Prices of both diesel and petrol have been falling since the price of oil crashed in the back end of 2014. Supermarkets have been very aggressive with their price cuts and this month have slashed diesel prices by 5p per litre, with the average cost of a litre of diesel now sitting at 112 pence.

Key energy reforms for businesses in the budget

The budget delivered by George Osborne on the 8th of July has had a massive effect on the energy sector. A major part of that budget was the removal of the Climate Change Levy (CCL) exemption from renewable energy. The CCL tax effects non domestic users and was created as an incentive for companies to be more energy efficient, however, companies using renewable energy sources were exempt. The Chancellor decided that this was unfair, as it had meant that it was benefiting renewable energy produced abroad.

Gas and power contracts fall again

Seasonal gas and electricity contracts reached record lows in July, as winter storage worries were offset by lower oil prices. A strong pound against the euro, as well as an announcement that additional storage for the winter had been approved helped keep prices on a downward trend.

Annual October 15 gas fell to average 44.7p/th, a 2.7% reduction over the month and Winter 15 contracts fell by 2.3% to reach their lowest point since 2010. Electricity prices followed gas prices with the winter 15 contracts falling by 1% to average £45.4/MWh.

Facebook to unveil solar powered drone

Facebook has announced that it will be testing a solar powered drone that will be able to stay in the air for up to three months. This plane will then provide internet access to the areas of the world that have limited to no access currently.

The idea stemmed from the solar powered drone which has recently broke the world record for flying around the world using solar power. Facebooks version will be the size of a Boeing 737 jet and will require helium filled balloons to bring it to the correct altitude.

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