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".
Which? responds to Ofgem switching figures
Which? has responded to figures showing that the number of consumers switching energy provider last year hit a five-year high. Research conducted by the UK energy watchdog Ofgem found that the number of switchers in 2007 climbed to 5.1 million. Siobhan Parker of Switch with Which? welcomed the trend which she said is evidenc that "consumers are using their buying power and taking their business el...Read More
UK government attacks UK energy companies
After coming under attack from Ofgem, the energy industry regulator, the UK government has now joined the party and issued a stinging rebuke for UK energy companies. Energy Minister David Kidney has "advised" gas supplies in particular to reduce their charges over the coming months due in the main to a reduction in wholesale prices. But is this enough?
As we mentioned in one of our...
Marks and Spencer moves into energy supply
In a move which is sure to catch the attention of the regulators and a whole host of consumer groups, it has been revealed that, in partnership with Scottish and Southern Energy, Marks and Spencer is moving into the energy supply market. So that is a suit, a pair of shoes and a new gas supplier please.....you could not make it up.
The fact is that more and more popular companies ar...
Student Debt Touches £22 Billion
It is a figure which may well scare many potential students into entering the employment market earlier than they planned, but news that student debt in the UK has mushroomed to a massive £22 billion has not been well received by the National Union of Students. Under the new regime in the UK (except Scotland) the average student will leave university with debts in the region of £30,000 and cost...Read More
Is the alternative energy market dead?
News that Shell has finally pulled out of its last remaining wind farm operation in the UK has concerned many environmentalists who are very concerned at this new direction. While the Shell investment was sold to a third party who will continue the venture we are seeing more and more alternative energy operations fold, sold or being put on hold. So has the momentum been lost?