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".
Will UK consumers ever learn?
The revelation that "shopaholics" in the UK have amassed unsecured debts of £24 billion during the latest economic downturn, are as amazing as they are shocking. It seems that more consumers than ever before are literally spending beyond their means in the hope that a future economic revival will "bail them out". Unfortunately for many UK consumers the much sought-after economic recovery will...Read More
Carphone Warehouse set to capture Tiscali UK
One of the longest-running disposal programs could soon come to an end with rumours in the market that Carphone Warehouse, the owner of the AOL broadband business, is set to acquire Tiscali's UK broadband operation for a mere £200 million. This is less than half of the price which Carphone Warehouse offered only last year when a £550 million deal was under discussion, before the company walked a...Read More
Can you save money with public transport?
A survey by the RAC has found that over one third of UK drivers are actively considering downsizing their cars in order to save money. While this is not surprising it will be a shock to the motor trade which has probably had its worst six months for many decades. If drivers are still considering downsizing after the fall in car sales of late is this an opportunity for the pubic transport network...Read More
Centrica reports 65% increase in profits
Centrica, the parent company of British Gas, has today reported a 65% increase in first-half profits to £1.56 billion. However, it is the near doubling of profits at the company's British Gas residential offshoot which has caused most concern within government and consumer circles. British Gas reported a profit of £585 million for the first six months of 2010 which is of a staggering 98% increas...Read More
Contactless payment systems on the way
From next year supermarkets customers in the UK will be able to pay for their goods via a contactless payment system with the Co-op the latest major UK supermarket to sign up to the program. These cards, which are issued by Barclaycard and Visa, simply allow customers to pass their card across a sensor which will take their details and automatically deduct money from their accounts. No PIN numbers...Read More