Monthly Archives: July 2014

  • Ofgem predicts energy suppliers to double profits

    Energy regulator Ofgem forecasts the so called big six energy firms to double their profit margin into next year.

    It was only this time last year that Ofgem predicted that energy suppliers would make up a pre tax profit of £53 per household built up by a margin of 4%. Although in the coming year they anticipate energy companies to exactly double this making up £106 per household thus increasing their margins to 8%. In a quick defence British Gas came out the wood work claiming that although they had fixed their prices for the coming winter ensuring that prices would not increase that the profits are far from lining their pockets and are in fact being shovelled into future resour ...
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  • Majority of Solar Panels facing the wrong way claim scientists

    With the enormous surge in popularity of installing solar panels experts claim that most have been fitted facing in the wrong direction. An expensive outlay in todays climate to have such a simple dilemma limiting performance. Professor Ralph Gottshalg of Loughborough University explains too many solar panels are facing in the wrong direction. Germany has far too many solar panels which is why its grid is disturbed on sunny days at midday in a hike of solar power so cheap it virtually has to be given away.

    Gottshalg is hoping that the UK will follow in Germany's footsteps in policy placing panels to the east west facing roofs to smooth out the supply of power throughout the day a ...
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  • Britain loses pole position to Germany for the most energy efficient economy

    Yes thats right the UK was in fact ranking no.1 amongst a world leading economy table by the American Council for an Energy Efficient Economy also known as ACEEE for having our current energy plans organised in a stately manor. We have since plummeted down to 6th with germany leaping into 1st position, but why have we take such a significant plunge?

    The fall is mostly down to policy rollbacks, the ACEEE credits each country points according to different criteria for example energy saving goals. Of course you are probably wondering on the reliability of this scorecard with the UK previously holding pole position, the ACEEE's data may not b ...
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  • Will the cabinet reshuffle affect energy policy?

    If you have had one ear on the news this week then you will be aware that Mr Cameron has given the cabinet a major reshuffle. Although one major piece of news regarding energy has almost gone almost unnoticed. With two new environmental ministers opposing green energy. But where does this leave us and what knock on effect is this going to have in relation to our energy future?

    The newly appointed environmental minister Mathew Hancock opposed wind farm subsidies only last year claiming that wind turbines were 'destroying out natural environment'. He even wrote a letter to David Cameron back in 2012 insisting that subsidies should be cut back. Whilst also slamming the erection of win ...
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  • Energy Future From the National Grid

    Very recently the National Grid published details on their future energy scenarios guide which director Cordi O'Hara, believes can be used as a very useful instrument by the industry in particularly harsh times. Energy have very much been under the spotlight in recent times with every maneuver companies making intensely scrutinised. Whilst many have suggested what the National Grid perhaps should or shouldn't be doing, they have preserved their voice up until this week.

    A hint of the future is delightfully useful in many sectors but within the energy industry less so. There ...
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  • Yorkshire power plant secures £238m for carbon capture

    A carbon capture power plant has been approved on the land next to the 426 MW Drax power plant near Selby, North Yorkshire. Drax is the UK's largest power station after securing £238m through European Union funding to assemble a power plant named the White Rose. It is believed that up to 90% of it's carbon dioxide emissions would be captured and secured deep below the North sea. In addition it's estimated that the operation would supply enough energy to over 630,00 homes.

    But should all this money be better spent on renewable energy such as wind or solar?

    It is thought that Friends Of The Earth firmly stand by. The white rose developers insist however, that ...
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  • £1m to help vulnerable customers slash their energy bills

    Thanks to Government funding the Department of Energy and Climate Change (DECC) is providing up to £1million through the Big Energy Saving Network.

    Grants are now accessible to Community organisations, councils, charities and social landlords. Each grant is worth up to £5,000 and will enable energy saving advice projects to customers having difficulty understanding or accessing information on how they can save money on their energy bills and further reducing their carbon footprint. These projects could oversee advice fr ...
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  • British Gas and Sainsbury's join mis-selling scandal

    British Gas has become the latest of the Big Six energy companies to be smeared by misleading thousands of customers via face to face sales.

    The UK's largest energy supplier has confirmed that they will be paying out compensation to all their customers whom were supplied with incorrect data when switching onto their tariffs branded as Sainsbury's Energy But provided by British Gas team members through a partnership deal. It has now become apparent that the company misled an estimated 4,300 customers, through being given inaccurate information about the savings they were likely to make. The energy supplier has now paid an estimated £500,000 ...
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