Questions over accuracy of Ofgem’s figures

Independent research from NERA has found Ofgem estimates have been consistently inaccurate since 2011 and by as much as 200%. This is despite Ofgem’s attempts to rectify the way they calculate their figures to make them more accurate. The figures at the heart of the dispute are the Supply Market Indicators (SMI) which represent a monthly estimate of costs and revenues for a typical large...
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EDF Energy price drop

Cornwall Energy has reported EDF Energy will reduce its standard variable gas price by 1.3% from 11 February, the company announced on Tuesday 27 January. It said that the size of the cut that it was able to offer had been limited by its hedging strategy and the fact that its customers already benefited from low standard prices. Beatrice Bigois, the company’s managing director of customers,...
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Falling oil prices to cut utility costs

The fall in Brent crude oil prices is expected to produce lower costs for utility companies on the cusp of the General Election.  RBC Capital said the heavy losses in global oil markets since last summer will impact more than a third of gas in Europe, which is still bought through oil-indexed supply contracts that usually have a two- to six-month time lag. This means we may see more generous...
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SMEs could be undervaluing energy efficiency, report warns

The adoption of energy efficiency measures in small and medium-sized enterprises (SMEs) risks being undermined by the difficulty in precisely measuring the benefits, a government report has said. On Friday 16 January, Cornwall Energy writes, the Dept. for Energy and Climate Change published a report on the barriers and drivers to energy efficiency in SMEs. It said that businesses faced a...
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New roll over options and how Utilitrack can help

Utilitrack, in its partnership with BedfordBID, helped increased numbers of levy payers to reduce their running costs in 2014. From long standing members of Bedford like Michael R Peters and John Bull to brand new additions to the town such as IZ café in Allhallows, we’ve helped them all to simplify the complexity of the UK energy market.   The topic of energy will remain in the news for a...
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