Business energy

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.

What can we learn from The Energy Savings Opportunity Scheme (ESOS)?

Throughout ESOS, many companies have been very reluctant to commit the resources needed to complete the scheme on time. There has also been other problems with ESOS, such as a lack of Lead Assessors required to sign off the scheme, which has ultimately led to an extension of the deadline date.

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.

Winter energy supplies secure, says National Grid

This years National Grid Winter Outlook has revealed that supplies will be secure throughout the winter. The Winter Outlook is a report that is regarded as a key indicator for the UK’s energy supply and if there was any concerns regarding supply, it would show up in the report.

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.

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.   

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