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".
UK government looking to change energy policy
The UK government is this morning rumoured to be on the verge of ripping up its historic 12 year energy plan which has seen monumental changes in the UK energy market. Ed Miliband, the energy and climate change secretary, has hinted that the government will bring in new legislation which will increase investment into carbon emission friendly energy sources. It is believed that "capacity payment...Read More
British Gas hit with £11.1 million fine
04/12/2014 British Gas has been fined £11.1 million by regulators Ofgem for failing to meet energy efficient targets on time. The energy supplier failed to meet deadlines to insulate homes under two energy efficient schemes that ran till the end of 2012. Although British Gas did manage to meet its targets, it missed the deadline meaning thousands of homes were left without insulation durin...Read More
Energy companies poised to raise tariffs again
Energy companies are poised to exacerbate conditions for consumers who are already struggling with rising day to day living costs with further increases to tariffs this year, it has been claimed. According to energyhelpline, the average family's gas bill is set to rise as a result of wholesale gas prices doubling recently. This in turn could drive the typical gas bill up from £665 to £1,091 per...Read More
Homeowners cut out the moving middle man
People moving house are doing it themselves and cutting out the removal men in order to keep costs down, according to new research.Over half (52 per cent) responding to the Lloyds TSB poll said they are planning to move their furniture themselves to save money.The average move costs just under £7,500. Homeowners also forgo luxuries like holidays (61 per cent) and eating out (56 per cent) to help...Read More
The Daily Mail looks at private prosecutions against MPs
In a startling development in the MP's expenses saga it has been revealed that the Daily Mail newspaper has teamed up with The Taxpayer's Alliance in a bid to raise significant funds to pursue a number of private prosecutions against a band of MPs. It seems as though the Daily Mail action has been taken after police expressed concern about pursuing politically motivated criminal investigations in...Read More