UK businesses see energy as high risk

Web MasterBusiness Electricity, Business Gas, Energy Efficiency, Utilities Market Regulation

British businesses have rated energy supply and costs as a top risk factor to their business in a survey The survey, conducted by RWE Npower, found three hundred companies, both major energy users and smaller businesses, rated energy as a top risk concern along with sales and legislation. Only 66% of those surveyed in Npower’s Business Energy Index 2011 said … Read More

Huhne outlines electricity market reform

Web MasterEnergy Efficiency, Utilities Market Regulation, Wholesale Utilities Markets

UK Energy Secretary Chris Huhne unveiled proposals set to bring about the biggest reforms since privatisation. The UK government announced on Tuesday that the UK’s energy infrastructure will need £110bn of investment to keep the lights on. Chris Huhne told parliament that without reform and substantial financial investment, the country will be facing blackouts.

Ofgem continue overhaul of energy market

Web MasterBusiness Electricity, Business Gas, Utilities Market Regulation

Ofgem is to press on with its overhaul of retail gas and electricity markets, and announces investigation into Scottish Power promotion The Office of Gas and Electricity Markets (Ofgem) is to launch an inquiry into a “potentially misleading” offer that was promoted at the same time as the latest price increase announcements. The industry regulator has stated it is determined … Read More