BT wants a slice of the smart energy meter market
BT has today announced plans to become involved in the UK smart energy meter market via a partnership with Arqiva and Detica. This will be via a bidding process which the UK government is administering at the moment in relation to a radio network which would allow companies to communicate with 28 million homes and small businesses in the UK which will have smart energy meters installed over the next decade.
BT will be fighting it out with companies such as Vodafone and Orange for the contract which many believe is worth potentially £7 billion and will prove a very useful income stream in the future. The very fact that the smart meters will use telecommunications to communicate information is obviously a plus point for the likes of BT, Vodafone and Orange, giving these companies ahead start, but there is more to this than just telecommunications.
The idea with regards to smart energy meters is the needs to monitor the use of energy around the UK and attempt to make changes to improve efficiencies and carbon missions. While many homes currently use energy hungry appliances in off-peak times there are still many households that are "not as efficient as they could be".
Ofgem warns of Energy Bill rises
Energy watchdog Ofgem has issued a warning to consumers that energy prices may well be set to rise again. Decreased production capacity of energy within the UK is leading to an increased need for more expensive imported energy. Ofgem have predicted that there could be as much as a 10pc fall in production in April alone, due to power station closures, and that the UK will need more gas supplier...Read More
Fuel Poverty To Be Tackled By UK Government
The UK government has announced plans to share customer income figures with energy companies to ensure that those who are in the fuel poverty trap receive the help that they need. The term fuel poverty relates to households which spend more than 10% of their monthly income on energy costs.
The UK government estimate that around 2.5 million people are currently in the fuel poverty t...
Matalan posts 5.9% Christmas sales rise
Discount clothing store Matalan has this week announced Christmas sales figures which were 5.9% higher than the corresponding period last year. This announcement from a company which has had its own difficulties in the past has further muddied the water on the high street with a number of very different trading statements coming to the fore over the last few weeks. While a number of companies have...Read More
Bitter blow for UK pub industry
It has been revealed that around 150 million fewer pints of beer have been served in the UK during 2009 compared to the same period in 2008. Sales have declined by 8.2% in the first three months of 2009 and we are literary seeing pubs going to the wall every day of the week. A mixture of increased business costs, increased taxation and the recession has pushed an industry which was already in trou...Read More
Childcare costs more than the average mortgage
04/03/2014 According to The Family and Childcare Trust’s annual report, many parents are now paying more for childcare annually, than for the average mortgage bill. The report claims that childcare in England, Scotland and Wales is becoming increasingly unaffordable, as the combined average fee for one child in an after-school club, and another in part-time nursery care now stands at £7,5...Read More