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".
Who should reimburse ID theft victims?
As a report by Which? magazine confirms that one in five victims of ID theft in the UK are not reimbursed in full the banking industry is starting to move against those caught up in the often complicated web of ID theft deceit. While the banks claim that customers should be more vigilant and careful with their personal information, customers claim that it is the fault of banks which stand accused...Read More
Is the UK facing a blackout as strike action intensifies?
It has been revealed that a number of wildcat strikes will come into effect over the next few days across Britain's oil and power plants. These illegal actions are in support of workers at the Lindsey oil refinery where hundreds have been sacked after taking action to support their colleagues. The unions have been very vocal in their attempts to rectify the situation but so far they have been unab...Read More
Royal Bank of Scotland set to wield the axe
It has been revealed that Royal Bank of Scotland boss Stephen Hester is set to announce one of the most severe cost-cutting exercises in the history of the UK banking sector. If the rumours are correct, this week could see between 10,000 and 20,000 job cuts at Royal Bank of Scotland which would decimate the workforce. The company is set to announce losses rumoured to be approaching £30 billion af...Read More
Is the price of UK gas set to spiral higher?
The revelation by the National Grid that 50% of UK gas supplies will be imported over the next 12 months has dealt a significant blow to UK consumers. Despite the fact that the UK was actually a net exporter of gas back in 2003, due in the main to the North Sea oilfields, it would appear that the situation has deteriorated alarmingly over the last six years and the UK energy industry is now at the...Read More
Household Bills rise at four times the rate of Earnings
The cost of living has risen at four times the rate of incomes since the start of the economic downturn according to the Office for National Statistics (ONS). This means that those who either rent or own a home, and pay bills for amenities, are significantly worse-off than they were before the recession started in 2008. Over the last five years, household bills have risen by an average of 25pc,...Read More