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".
Watchdog calls for £60 energy bill increased
The energy watchdog has today released a report suggesting that energy bills in the UK should increase by £60 per year to fund introduction the wind farms and other "green energy sources". It is believed that around £32 billion will be required over the next 20 years to upgrade and modernise the UK energy network and that UK consumers will need to pay the price. This comes just months after UK c...Read More
Did Barack Obama Inspire Labour MPs To Call For Energy Windfall Tax?
While the Unions and a number of backbenchers continue their crusade to force Gordon Brown to impose a windfall tax on the energy companies it looks as though they may have the backing of US Presidential candidate Barack Obama. It seems that a number of MPs may have picked up on the president in waiting's idea and pumped up the pressure on Gordon Brown.
However, despite growing cal...
Petrol prices in biggest fall since 2008
22/10/2013 According to the AA, petrol prices have fallen by 5.49 pence per litre, which is officially the biggest fall since November 2008, when prices fell by 11.5 pence. The current petrol price now stands at 132.16p, according to the motorists’ lobbying group, whilst the price of diesel has fallen from 142.5 pence per litre to 139.12 pence. This is believed to translate into a saving o...Read More
Conservative government would reduce the power of supermarkets
The Conservative Party has confirmed it would bring in a so-called "supermarkets tsar" to oversee the supermarket sector if it is successful at the next general election. The idea would be to force supermarkets to pay a fair price for produce from suppliers and indeed keep a very close eye on their power and influence not only in the retail market but also on local economies. For many years the...Read More
UK government miscalculate student funding for next year
It has been revealed that due to a government miscalculation there is a £200 million shortfall in student finance arrangements which will mean that over 10% of student applicants for next year will be forced to pay more towards their education and expenses. However there is speculation that the £200 million shortfall will actually be used to part fund the massive rescue package recently announc...Read More