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".
UK government looking to change energy policy
The UK government is this morning rumoured to be on the verge of ripping up its historic 12 year energy plan which has seen monumental changes in the UK energy market. Ed Miliband, the energy and climate change secretary, has hinted that the government will bring in new legislation which will increase investment into carbon emission friendly energy sources. It is believed that "capacity payment...Read More
Tesco and Asda go head-to-head in price war
It has been revealed that Tesco and Asda are set to implement significant price reductions on thousands of products in a move which will further infuriate independent retailers who have been struggling to survive of late. Asda has announced plans to reduce prices on a further 5,000 lines (bringing the total number of price reductions to 12,500 since the start of the year) while Tesco has announced...Read More
Morrisons confirms strong Christmas trading
UK supermarket giant Morrisons has today confirmed strong trade over the festive period with like for like sales increasing by 6.5% in the six weeks to 3 January. This figure strips out the impact of new stores and is broadly in line with figures released by likes of Tesco and Sainsburys earlier this month. Even though Morrisons is on the verge of losing chief executive Marc Bolland to Marks & Spe...Read More
Is Oil Price Rise A Self Fulfilling Prophecy?
Even though the markets were shocked when oil broke through the $100 a barrel level, we are now fast approaching $130 a barrel and nobody quite knows where this rollercoaster ride will actually stop. As the price rises so the panic continues with more and more people buying oil before an expected push upwards. It is this constant panic buying and comments by a number of market experts which has...Read More
Government backtracks on crisis loan interest charge
The government is this evening backtracking on an earlier white paper which suggested that those pursuing crisis loans should be charged interest in the region of 27%. The move comes amid increasing turmoil within the Labour Party and fears that they are losing touch with traditional voters and the general voting public. While much of the damage has already been done with the suggestion that inter...Read More