Our Insights

Our comments on energy industry updates to help inform you of the news and events surrounding the UK gas & electricity market and its impact on your business.

You can change your energy supplier the next day…

Posted by on Mar 19, 2015 in Gerards Blog | 0 comments

It’s on the wish list of Ofgem in 2019 but at the same time as this came to light, Energy UK data published its figures that demonstrate that we all lost he switching habit in January. As households switching their electricity supplier fell by a third in January 2015 compared with December 2014. Still that is 211,000 of us of 56,000 moved to independent suppliers.  (Source Utility Week)

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20th anniversary of Sizewell B

Posted by on Mar 19, 2015 in Gerards Blog | 0 comments

EDF Energy’s Sizewell B nuclear reactor has just celebrated its 20th birthday, having first output electricity to the grid at the end of February 1995. The company estimates that in its lifetime it has saved 117 million tonnes of CO2e, equivalent to taking all passenger cars off UK roads for 1.8 years. Three thousand UK companies were involved in its construction and today it takes 550 staff and 250 contractors to operate the plant. IN case the question pops up in your local pub quiz the walls are a metre thick. (Source UTILITY...

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Will a hung parliament lead to indecision?

Posted by on Mar 18, 2015 in Gerards Blog | 0 comments

Most commenter’s are suggesting the next Government won’t have a parliamentary majority. Will this mean “The government [will still be] all over the shop on energy.” Caroline Flint, Shadow Energy Secretary (Labour) or will we find a coalition brave enough to avoid, “the most dangerous enemy” of what Ed Davey Energy Secretary (Liberal Democrat) calls “Short-term populism” when it comes to energy and climate change policy.  We’ve only 60 days to find.

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Just imagine a link between Belgium and the UK for the delivery of chocolate

Posted by on Mar 17, 2015 in Gerards Blog | 0 comments

The National Grid has announced a power interconnector between us and our chocolate making EU neighbours.  Energy secretary Ed Davey welcomed the deal as a step forward for security of supply and the efficient use of increasing renewable energy. “Better electricity links to our neighbours help to guarantee our energy security at the lowest possible cost to bill payers and means we can use renewable electricity more effectively, allowing excess generation to be exported,” Davey said. “Maybe I’m looking forward to my Easter Eggs too much....

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Delayed energy price cuts “an empty gesture”

Posted by on Feb 25, 2015 in Editorials | 0 comments

Energy suppliers’ decision to delay their price reductions for up to three months will cost consumers an estimated £47mn, according to research by Citizens Advice. The organisation’s analysis, published on Wednesday 11 February, noted that E.ON UK was the only large supplier whose price cut had taken immediate effect, and that by contrast SSE customers would have to wait until 30 April before they received any savings. Citizens Advice chief executive Gillian Guy said: “The latest price cuts are an empty gesture by most suppliers. If energy...

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Suppliers must tell customers if their cheapest deal is marketed under a different brand says Ofgem

Posted by on Feb 23, 2015 in Editorials | 0 comments

Ofgem has set out final proposals for regulating suppliers who sell energy using white labels in the domestic energy market. From July, suppliers will have to be more transparent and tell customers what their cheapest tariff is regardless of the brand they use. These white labels operate under such brands as Sainsbury’s and M & S and have provided a loyal source of business for the energy industry. Clients feel they can trust the brands they buy through such as their food retailers. Will these clients be disappointed if their favourite...

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Switching levels back to normal in January

Posted by on Feb 13, 2015 in Editorials | 0 comments

More than 211,000 households switched their electricity supplier in January––36% lower than the number that switched a month earlier––according to figures from Energy UK, with Small suppliers gained a net 56,000 new customers. The organisation’s monthly switching update, published on 11 February, confirmed that switching levels last month were down sharply on those recorded in November and December 2014, which saw around 299,000 and 333,000 switches respectively. But Energy UK said that this was in line with historical trends, and that...

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Utilitrack at the launch of the Cambridge Cleantech Manifesto

Posted by on Feb 10, 2015 in Editorials, Gerards Blog | 0 comments

 The joint manifesto of Cambridge Cleantech and the University of Cambridge Centre for Climate Change Mitigation Research was launched in the Palace of Westminster last week. Leading advocates from the world of Cleantech, a sector of business that contributes approximately £52bn per year in sales of goods and services, were in attendance. The event was opened by Hugh Parnell, Chairman, Cambridge Cleantech and was addressed by MP for Cambridge Dr Julian Huppert along with Prof Doug Crawford-Brown from the Cambridge Centre for Climate Change...

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Government says no to allowing Ofgem to force energy tariff cuts

Posted by on Feb 2, 2015 in Case Studies | 0 comments

MPs have voted against the fast tracking of legislation to give industry regulator OFGEM the power to force an energy tariff price cut. The initiative by Labour Leader Ed Miliband was criticised by Ed Davey who pointed to the increased competitiveness of the market. He went on to say, “Labours proposed regulations involving wholesale-retail price links would produce yo-yo pricing and higher pricing and consumers do not want either”. Caroline Flint countered by reiterating that competition “clearly isn’t working” as power suppliers...

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Questions over accuracy of Ofgem’s figures

Posted by on Jan 30, 2015 in Uncategorized | 0 comments

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 energy supplier over the coming 12 months. The BBC have reported the story with the headline Energy firm profit margins to rise, forecasts regulator…a...

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