Five of the Big 6 suppliers have ended the rollover nightmare for business energy consumers. For years, business energy consumers have been threatened with the automatic rollover onto new contracts at the end of their fixed term period if they do not terminate or accept the renewal rates offered to them. This scandal has cost […]
5 ways the business energy market has evolved
Guest Post by Robert Buckley In the latest of our guest blogs, Robert Buckley, Director of energy consultancy Cornwall Energy tackles the evolution of the business energy market. Energy supplier, GDF SUEZ Energy UK, recently hosted an event on business energy market where I discussed how the terms of trade for businesses have changed in […]
MPs call for greater transparency in energy industry
MPs today called for the energy industry to receive further scrutiny and forcible transparency over the cost of energy generation and the prices being passed on to consumers. Ofgem has been at the centre of the outcry. It is felt that the regulator is not doing enough to encourage “greater transparency and competition” within the […]
Update on Ofgem Retail Market Review
Since 2011, Ofgem have been developing their Retail Market Review (RMR) “to encourage and equip consumers to engage effectively so they can get the best deal from the energy market.” Policy Overview The latest consultation, in March of this year, set out the Gas and Electricity Markets Authority’s policies following extensive consultation with suppliers, consumer […]
Open Letter to UK Businesses
Congratulations and cautious optimism for UK businesses An Open letter to UK businesses from James Constant, CEO of Business Juice Dear Editor, Over the last 18 months we have been working hard with Ofgem, DECC, the energy suppliers and fellow intermediaries to attempt to improve the experience of the energy market for businesses. It has […]
Momentum gathers to halt auto-rollover of business energy contracts
E.ON may have championed the cause to protect business energy customers from automatically rolling over contracts at the end of their fixed term period. But British Gas is quickest out the blocks as the first Big 6 supplier to actually commit to an end to auto rollover. British Gas Business released a statement earlier today […]
E.ON Calls for End to SME Rollovers
E.ON calls for industry-wide approach to ending automatic rollover contracts for SMEs E.ON is urging all UK energy providers to support its call for an industry-wide end to the process of automatically renewing fixed term contracts for small businesses. A consultation with customers found that 86% of small business customers would prefer to negotiate a new contract […]
Is 7.5% Green Deal good for a business loan?
Does 7.5% look like a good deal on a business loan to you? Currently, a competitive business loan will come in at around 8% APR – so 7.5% might not sound too bad. However, when the Energy Secretary, Ed Davey, suggested that this could be the rate of interest for Green Deal loans, it prompted a […]
New Scheme for Business Energy Efficiency
New scheme aims to make business premises more energy-efficient A new scheme from the Carbon Trust and real estate advisor Savills is aiming to help make business premises more energy-efficient. The idea is to act as a ‘one stop solution’ for the occupiers of commercial properties in a variety of sectors, including retail, warehousing, hospitality, […]
Businesses Warn of Energy Bill Problems
Draft Energy Bill Doesn’t Measure Up The draft Energy Bill and the government’s energy efficiency policy is not fit for purpose: that’s the consensus of representatives from the University of Exeter, energy supplier SSE, Consumer Focus, the World Wildlife Federation, and 12 other organisations. Those involved met at a series of roundtables and concluded that: “The […]