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".
Tesco defends grocery market competition
Supermarket giant Tesco has insisted the UK grocery market is "fiercely competitive".The claim underpins Tesco's response to the Competition Commission's (CC) 'emerging thinking' report which highlights the sales growth and land ownership of the major supermarkets as areas of concern.It brushes aside claims from critics that the nationwide control of supermarkets is limiting consumer choice by dri...Read More
Government set to shake up supermarket sector
Only last week the Conservatives announced they would put in place an ombudsman to monitor and control the UK supermarket sector and today we see the Department of Business Innovation & Skills (BIS) announce its own plan to press ahead with an ombudsman for the sector. The sector has become a powerhouse in the UK economy over the last few years and is now something of a political hot potatoe. T...Read More
Would you take a pay cut to save your job?
The news that the 25,000 strong workforce of steelmaker Corus have offered to take a 10% pay cut has prompted the question, would you take a pay cut to save your job?
The move comes amid signs from the company that a number of factories were pencilled in for either a short-term shutdown or ultimate closure. This seems to have prompted a discussion between the unions and the company'...
Is the UK rail network next to be nationalised?
There are serious concerns in the UK rail transport sector that the government's insistence regarding the pricing formula for franchises around the country will see many operators pushed towards the financial abyss. As we covered in one of our recent posts, the formula is linked to inflation and if inflation turns negative then we will see train operators forced to reduce their prices at a time wh...Read More
Household bills 'cost £15,000 a year'
British households spend an average £12,000 per year on mortgage payments and over £3,000 on other bills, Citizens Advice has claimed.According to the charity, families are paying £40 per day on the bills - putting an increasing strain on their budgets.Most energy firms have already announced 15 per cent price rises on general plans - and water regulator Ofwat also said last week that customers...Read More