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".
Gas and Electricity prices to rise by as much as 10pc
09/08/2013 Energyhelpline has told consumers to brace themselves for massive energy price hikes which could be as high as 10pc. Britain’s ‘big six’ providers are all said to be readying for the price increases, which are expected to be announced on August 22. Energyhelpline, who help consumers find the best deal on gas and electricity, said “the volcano is about to erupt”, in a move w...Read More
Morrisons reduces price of diesel to under one pound
It just goes to show that competition is the best way to induce price reductions across the UK with news that Morrisons has today cut the price of diesel to under one pound a litre. This is the first time diesel has been under one pound a litre for many months and has been welcomed by diesel users across the UK. This will no doubt induce a competitive edge amongst the major retailers in the UK as...Read More
SSE freezes energy prices until 2016
26/03/2014 Energy supplier SSE has announced plans to freeze gas and electricity prices until 2016. The move which holds similarities to the Labour energy policy, which promises to freeze energy prices for 20 months if they are elected, is likely to lower profits according to the company. However, the company has said it will offset this loss in profits as much as possible by “streamlin...Read More
Petrol prices set to rise to record highs
Yesterday saw the price of crude oil hit USD86 a barrel with concerns that we will see short-term increases in the price of fuel in the UK. This comes at a time when UK motorists are already coming to terms with a two pence increase in fuel duty to be followed by a further increase in October and April 2011. The cost of driving in the UK has risen significantly under the current government but the...Read More
UK MPs set to avoid criminal prosecution
The London police force has today confirmed that only a "handful" of MPs may face possible prosecution over their expenses claims. The fact that the majority of these claims were cleared by the Parliamentary expenses office casts further doubt on the likelihood of successful prosecutions against some of the more borderline alleged abuses.
However, much interest has centred upon alle...