The IEA’s $40 Trillion Question Following Angela Knight, Chief Executive of Energy UKs call for less focus on renewables and more on existing infrastructure and the energy market status quo, the International Energy Agency have waded into the debate on future energy, Knight has said: “[The UK market] have an opportunity in the energy industry to get […]
The Big 6, Energy UK and UKIP
In a rather surprising tie-up, Energy UK, the trade body for the Big 6 energy suppliers has exploited the success of UKIP in the recent elections to lobby for a rethink on ‘green’ power. Angela Knight, Chief Executive of Energy UK said: ” the European elections … clearly demonstrated how people’s view of the European Union both here and […]
UK Economy in 2014
Short term gains, long-term questions In more positive news for the UK economy, Britain’s economic prospects are higher than at any time in the last decade. The Confederation of Business Industry (CBI) said that the retail, manufacturing and service sectors registered record growth in May in a sign that the recovery is broadening across the […]
How Obama Energy Legacy Impacts UK
A US President’s legacy is not often a talking point amongst UK businesses; despite the Moon Landings setting a high bar most have focussed on charitable activities and libraries dedicated to the President. It is therefore interesting to see Barack Obama already preparing himself for his legacy, namely a US and therefore worldwide energy revolution. […]
Trespass Law to Allow Fracking Access
In a decision that will send a shudder around house and land-owners across the country, the government has finally confirmed that it intends to alter the existing trespass laws in order to enable ‘fracking’ companies to drill under their homes without permission. After announcing their intention in the Queen’s speech earlier this month, the government […]
Are Energy Companies Too Big to Fail?
Lessons from Royal Bank of Scotland Are energy suppliers too big to fail? 10 years ago, when asked that question about the UK banking sector pretty much everyone would have said yes. Now? It’s a very different scenario. According to new insight into the credit crunch and high profile rescue of the disastrously run Royal Bank of […]
Cable Deal for Small Business Payments
The life of an SME is often a fraught one, overlooked, harassed and rarely on the end of a good deal. So Vince Cable’s announcement last Month that he will name and shame late payers amongst big business is a long overdue bit of balance in the market. Cable, whilst not busily planning and denying […]
World Cup Fever Hits the UK Energy Market!
We take it for granted whether at home or work and only really notice it when it doesn’t work or when the bill lands, but electricity is a critical element in all our lives. At some times more so than others. The average household or business could possibly live with a power cut in the […]
All Change at the Top for Centrica
Carr, Bentley, Laidlaw, Luff and now Weston. Chief Executive, Chairman, FD and Managing Director. A short few years ago, Centrica, owners of British Gas Business were a model business in UK plc. Aggressive accumulators of business units and customers, unrivalled slick tactics to optimise profit and return and a teflon like ability to avoid sanction […]
Ofgem Calls for Lower Prices As Energy Markets Fall
As the markets continue to fall, Ofgem calls on energy suppliers to explain prices. 17.43 Tuesday 10th June probably passed by for most people without any notable difference from 17.42, 17.41 or any other point in the warm showery early summers day that was yesterday. But for the PR departments and board rooms of the […]