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".
Government looking to increase ID card use
Despite reservations from the UK public and an array of consumer protection associations the UK government seems determined to push through its ID card program. This is a program which has ballooned in cost and been delayed and amended on a number of occasions but still appears to be central to the UK government's future policies. The government has asked the business arena to suggest more uses fo...Read More
British Gas under pressure after profits boost
The energy sector is again in the limelight with news that British Gas made profits of £595 million in 2009, an increase of 58% on the corresponding period. The company is part of the Centrica group which is a major component of the UK energy sector. This large jump in profitability comes just days after Ofgem, the industry regulator, revealed expectations of record profits in the UK energy secto...Read More
British Gas customers facing further price hikes?
British Gas customers could be facing further price hikes amid soaring wholesale energy prices. In January, the energy giant imposed a 15 per cent increase on its tariffs, bringing the average annual dual fuel bill to £1,055 - a rise of £143. Meanwhile, bills for direct debit customers increased by an average of £131 to £968.Now a statement from the firm's parent company Centrica has suggested...Read More
Airspace lockdown could stall UK food supplies
There is growing concern that the ongoing airspace lockdown, after the volcanic eruption in Iceland created a volcanic ash cloud, could impact upon food supplies to the UK. The food chain is a very complicated issue even though consumers only see the end result and an increase in travel time, cost and lack of availability could filter through to create upwards pricing pressure on UK food imports....Read More
British Gas to reduce bills by 7%
Centrica, the owner of British Gas, has today released plans to reduce the average gas bill by 7% which will save UK households on average £55 a year. The company has confirmed the reduction will be implemented immediately and will benefit nearly 8,000,000 families in the UK who have seen their monthly budgets stretched of late. So why has British Gas chosen now to reduce its bills? This annou...Read More