energy

Ofgem set to limit energy supplier back billing

Ofgem has announced that it will be bringing in legislation which will prevent energy suppliers from back billing their customers by more than 12 months. Back billing is when an energy supplier charges a customer for energy when they discover a fault in previous bills. This usually happens when a supplier has charged a customer for an estimated read, when in reality they have used much more than that.

UK to double the amount of electricity it receives from France

It has been announced that the UK will double the amount of electricity it receives from France after plans to build a £1.1 billion cross channel cable was given the go ahead. The cable will be privately funded and will run from near Portsmouth in the UK to Le Havre in France.

The company behind the investment have said that the cable will come online in 2021 and will supply the UK with up to 2 gigawatts of electricity, the equivalent of the power for up to four million homes.

Air pollution limits for London breached in just 5 days

Annual air pollution limits for 2017 in the city of London have been breached just 5 days into the year. The hourly levels of nitrogen oxide must not be higher than 200 micrograms per cubic meter more than 18 times in the year, which has already been broken this early into the year.

Third party electricity charges continue to rise

The past decade has seen a dramatic change in the makeup of energy charges, shifting from a cost primarily made up of the wholesale price of electricity to a cost primarily made up of various third party charges. Not only do these third party charges keep increasing in size, more of them are being introduced. The most recent being the Energy Intensive Industries (EII) charge which has been introduced in an attempt to mitigate further damage to energy intensive businesses such as the recent collapse of the steel industry in the UK.

Smart energy set to have a huge impact on the UK’s energy system

The National Grid has talked about a smart energy revolution in recent weeks, but what is smart energy and how will it have an affect on the UK’s energy system? In recent years technology advances in the energy industry have been accelerating dramatically and it is hoped that these advances will reduce the UK’s need to build more power stations.

What is smart energy?

North Sea oil workers vote to strike

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Oil

Workers on Shell’s giant Brent oilfield platform have voted for strike action that could take place in the next couple of weeks. Workers and Unions are angry at proposed cuts to salaries and increased working hours. If the strike takes place it will be the first industrial action in the North Sea for a generation.

The trade union Unite says the proposals are unfair and that they break an agreement made just six months ago. With 99.1% of voters taking place in the ballot voting for strike action, it is clear that their member agree the proposals are unfair.

Record levels of Renewable Energy added in 2015

Renewable energy sources such as wind farms, solar farms and hydropower sources were built at a record pace in 2015 according to a new report. The amount invested in Renewable Energy was also double what was spent on coal and gas power stations. The reports results were gathered prior to the climate change agreement in Paris at the end of 2015, an agreement which is expected to increase spending on renewable energy due to carbon emission targets being set.

Will Brexit affect your energy prices?

You will know by now that Britain will be holding a referendum on the 23rd of June to decide whether to continue as a member of the European Union. This decision could have a huge impact on the cost of energy for businesses. The Government and more importantly the energy secretary Amber Rudd, have already backed the ‘stay’ campaign and numerous publications stating the impact of a Brexit have been released.

Calls for more energy efficiency grants in the UK

A new survey has revealed that over half of businesses in the UK feel more grants should be available to make their business more energy efficient. The same survey also found that only a small percentage of businesses believed that more information  would be beneficial and an even smaller percentage believed that financial options such as loans would help.

Saudi Arabia to end their addiction to oil

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Oil

Saudi Arabia has announced ambitious plans to end their ‘addiction’ to oil revenues this week after Prince Mohammad Bin Salman said the Kingdom would not allow their economy to be dictated by volatility in commodity markets.

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