Iraq, a physical and spiritual battleground and now a commercial one. That is the reality as the threat from ISIS grows, in an environment where the Ukraine/Russia gas war is beginning to bubble over the last thing the global energy markets needs is another crisis in a crucial energy-producing nation. Whilst the human toll will […]
Ofgem Refers Energy Market For Competition Investigation
In a move that will surprise nobody but which will delight many, Ofgem have today formally referred the UK energy market for a full competition investigation. Following on from their proposal in March and the subsequent consultation Ofgem have asked the Competitions and Markets Authority to investigate the market. Announcing the final decision, Dermot Nolan, […]
Working from Home
…the new staying in, 14% of us do it A study by the Office for National Statistics has revealed that between January and March 2014, of 30.2m people in work 4.2m or 14% actively work from home. This represents the highest rate since 1998 when records began. Of these the ONS found 1.5m were full […]
Business Juice Announce New Basket Deals to Save Companies Money on Electricity and Gas
The rising prices of utilities can be one of the major variable costs for UK companies and many pay far more than they need to. Business Juice has introduced new ‘Basket Deals’ to save businesses money on electricity and gas bills. Corporate energy broker, Business Juice, saves companies over £64m a year by helping […]
Renewable Energy Cheaper In Our Lifetime
IRENA forecasts renewable energy cheaper than fossil fuel by 2030 Cocking a snook to Energy UK Chief Executive Angela Knight’s claim that: “[The UK] have an opportunity in the energy industry to get fact based, logic based, properly costed and sensible EU policy-making and to encourage a move away from an emotion driven and expensive agenda,” IRENA, […]
IEA Predict $40tn Energy Investment
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 […]