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".
Next chief warns of higher clothing prices
In a worrying development for the UK high street it has been announced that Next, the leading UK clothing retailer, expects the cost of clothing on the high street to increase in the short to medium term. The main reason for the forecast increase is the fall in the value of sterling against the dollar which is now making imports more expensive, the cost of which will need to be passed on to the co...Read More
Have we seen the January sales come early on the high street?
As John Lewis for one reports a huge surge in sales in the run-up to Christmas there are mixed opinions as to what the immediate future holds for the UK high street. Those who are suggesting that the January sales will continue in the same vein would appear to be wide of the mark with many of the opinion that the January sales actually came early, before and just after Christmas. If this is the ca...Read More
E.On to cut gas prices by 5.1%
20/01/2015 Energy provider E.On has announced a 5.1% reduction in their gas prices, making them the first of the UK’s big six energy suppliers to cut prices after increased pressure from Ofgem, politicians and campaign groups. E.On has claimed that the cut, which will be effective from 1st February, will help families save an average of £32 per year. It is the first time in six months th...Read More
5,000 victims fooled by fraudsters during 2015
24/04/2016 It has been reported that more than 5,000 people were conned by fraudsters last year into sending planned payments to false bank accounts. Those who became a victim to the scam were tricked by emails, which required them to transfer money into the accounts of criminals, leaving the actual and genuine recipient unpaid. Police figures show that 5,480 similar cases were recording...Read More
Asda leading the away with cut in petrol price
As we covered in one of our earlier posts, the price of oil has fallen from over $70 a barrel to under $60 a barrel over the last few days. Interestingly, while many petrol retailers across UK continue to charge in excess of one pound a litre, supermarket chain Asda has reduced the price on its forecourts to 99p a litre with a suggestion there was "little justification" to charge in excess of one...Read More