Business energy

Energy tax landscape to be simplified for businesses

The UK Government has said that they will be streamlining the energy tax landscape for businesses, which will include simplifying policy and regulation. When the Conservative Government was elected in 2015 they believed that the business energy tax landscape had become over complicated and had became a burden for businesses. Energy efficiency policy was also criticised with a number of schemes being very similar, using up a lot of administrative time within businesses.

Could a British EU exit cause an energy price increase?

Energy Secretary Amber Rudd will say that leaving the EU will cause a massive increase in energy prices. She will be citing a report by the National Grid which outlined what would happen if the UK was to leave the EU and loose access to the Internal Energy Market (IEM).

Business energy ‘red tape’ to be cut by the government

Energy industry stakeholders have stated that a lack of direction is costing the industry investment and also resulting in lost opportunities. The Government has said that they will address this and consult with experts from within the industry.

Possible £8 billion savings per year for the UK

It has been revealed that the UK could be saving up to £8 billion a year on energy if it was to implement nationwide smart energy. The National Infrastructure Commission (NIC) laid our their vision of the future of the UK’s electricity network, which included more links to mainland Europe and a much larger capacity to store energy.

Is the UK facing a power supply crisis?

The UK Government announced in 2015 that it will be closing its remaining coal power stations in favour for cleaner gas power stations by 2025. This was a popular decision, with coal power stations accounting for a very large part of the UKs carbon emissions. However The Institute of Mechanical Engineers (IMechE) believe that the plans have been rushed and are currently unrealistic.

Why you should be looking at your next energy contract now

You still have between 6 months and 12 months remaining on your current contract and your next contract negotiations are some time away, there is no reason to be looking at the contracts now, right? Not exactly, when looking at the wholesale gas and electricity markets the prices fluctuate on a daily basis and therefore it is when you sign the contract that is  important when trying to minimise costs.

18-25% savings for businesses adopting energy efficiency measures

A report by the Federation of Small Businesses (FSB) has revealed that businesses that adopt energy efficiency measures could save anywhere between 18% and 25% on their energy bills. This comes after it was revealed that 31% of FSB members had said that energy costs were preventing them from growing.

How does the governments spending review affect the energy industry?

George Osbourne has pledged that the conservative government will be investing in energy infrastructure over the next four years during his spending review. However, he also confirmed that the Department of Energy and Climate Change (DECC) will see a 22% cut to its budget, a move that has been strongly criticised.

Shale

Gas system under supplied

npower have reported in  their daily market report that the gas system in the UK is ‘slightly’ undersupplied and demand is higher than the seasonal norm. It is forecast that the linepack will be 6mcm short.

The UK has ramped up storage withdrawals to combat the higher demand and exports to Belgium via the IUK pipeline have been reduced to 7mcm a day, down from 17mcm a day. It is believed that the combination of these two actions will be enough to combat the slight undersupply and not affect prices.

By 2025 the UK will have phased out coal power plants

The UK’s Energy Secretary Amber Rudd has announced that all remaining coal power plants will be phased out by 2025, instead shifting the focus onto gas power plants. Coal currently provides almost a third of the UK’s electricity supply, as seen in the diagram, however Mrs Rudd would like gas to play a much more important role.

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