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".
Do budget cuts really impact low-income families the most?
While in many ways the coalition government is damned if it does and damned if it isn't with regards to taxation and budget cuts, there is growing concern that budget cuts already announced have impacted upon low-income families far more than those on higher incomes. In monetary terms the difference in income for those in low-income households may be only a fraction of those on higher incomes, but...Read More
Using the Internet to your advantage
As UK consumers look to contain their debts, reduce their outlay and basically live within their budgets the Internet is becoming more and more vital each day. The ability to check the financial marketplace at a moments notice is something which is appealing to more and more UK consumers and placing more and more pressure on financial companies.
While many consumers would prefer to...
Have we seen the January sales come early on the high street?
As John Lewis for one reports a huge surge in sales in the run-up to Christmas there are mixed opinions as to what the immediate future holds for the UK high street. Those who are suggesting that the January sales will continue in the same vein would appear to be wide of the mark with many of the opinion that the January sales actually came early, before and just after Christmas. If this is the ca...Read More
Is Ofgem strong enough to take on the UK energy companies?
Today's news that Ofgem believes UK energy companies are overcharging customers has received a lukewarm response in many quarters. Consumers and businesses have for many years believed that they were being overcharged by the energy companies who for example moved their prices higher as the price of oil rose yet refuse to reduce them when the price of oil declined. So is Ofgem strong enough to take...Read More
Ukraine cuts off three key gas pipelines
The European gas market is tonight in turmoil after the Ukraine cut off three key gas pipelines to Europe as the dispute with Russia continued to escalate. The Ukraine is at loggerheads with Russia because of the cost associated with transporting gas to Europe via what is one of the most important gas transportation pipelines in the world. So what does this mean to the European market?