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.


EDF Energy price drop

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

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, said:  “EDF Energy has a strong track record of acting independently in the interests of customers who have benefitted from the best standard variable...

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Falling oil prices to cut utility costs

Posted by on Jan 19, 2015 in Case Studies | 0 comments

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 gestures from domestic suppliers than the recent reduction in gas prices of 3 ½% announced by EON on 13th Jan. Some commentators are suggesting such...

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SMEs could be undervaluing energy efficiency, report warns

Posted by on Jan 16, 2015 in Uncategorized | 0 comments

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 challenge in quantifying, understanding and integrating energy efficiency savings into their regular activities and that it was therefore difficult for the...

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New roll over options and how Utilitrack can help

Posted by on Jan 9, 2015 in Editorials | 0 comments

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 number of reasons in 2015. The forthcoming election will see all the major parties contributing to the debate on how the industry should be run; the...

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What to do if you lose power to your home or business?

Posted by on Jan 9, 2015 in Editorials | 0 comments

High winds are forecast over the next couple of days which in some parts of the country have already cause structural damage. It is important to stay safe and know who to contact if you have problems with your energy supply. If you lose power due to adverse weather you should contact your distributor rather than you supplier of energy. Follow this link  http://www.energynetworks.org/info/faqs/who-is-my-network-operator.html to the Energy Networks Association. Simply enter your postcode and you will be advised who to call in your area of the...

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Are you one in a million? Or 1.3 million to be precise.

Posted by on Dec 19, 2014 in Editorials | 0 comments

We all like to think we are…in the last 12 months, according to recently published figures by Energy UK, some 3.3 million electricity customers have changed supplier. What’s interesting is that within that figure 1.3 million customers moved from a large supplier to a small one. Though total electricity switches remained consistent with the previous 12 months the percentage of people moving from a large supplier to a small one doubled, from 19% to 41%. If you are amongst the hard-core of households who haven’t changed supplier yet, there is an...

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Renewables Obligation charges replaced by Contracts for Difference on client bills

Posted by on Dec 4, 2014 in Editorials, Uncategorized | 0 comments

Up to £110billion of capital investment is needed from now until 2020 to replace the UK’s ageing electricity infrastructure with a more diverse and low-carbon energy mix. The Government has instigated a package of measures as part of the Electricity Market Reform (EMR) programme to incentivise the investment needed.   Today renewable generation projects in the UK benefit from financial support through the Renewables Obligation (RO) charge on customers’ bills. This payment will be withdrawn and replaced with a different support...

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Busting 5 common myths on energy saving:

Posted by on Dec 4, 2014 in Editorials, Uncategorized | 0 comments

  1. Myth: Computer screensavers save energy, right? o Reality: Wrong. Screensavers are just another programme that consume energy. Switching off your monitor (or the whole computer) is the most effective way to save energy and cut your bill. 2. Myth: TVs, laptops and phone chargers don’t use electricity when not in use. o Reality: Nope. Everyday gadgets and appliances suck up electricity even when idle or on standby mode. The average household spends up to £86 a year on standby energy. Switch it off! 3. Myth: There’s nothing you can do...

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Decision on automatic rollovers and contract renewals for micro-business consumers…

Posted by on Dec 2, 2014 in Editorials, Uncategorized | 0 comments

If you are a subscriber to Ofgem’s newsletters you will have noticed they recently issued one headed up “Decision on automatic rollovers and contract renewals for micro-business consumers”. But on closer examination the issue they have ruled on is contract renewals for micro-business consumers. With effect from 30th April 2015 the gas and electricity standard supply licences (standard licence condition (SLC) 1 and SLC 7A) for all suppliers will require suppliers to: allow micro-business consumers to give notice to terminate a contract no more...

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Is an investigation into energy suppliers a threat, or an opportunity?

Posted by on Nov 27, 2014 in Editorials, Uncategorized | 0 comments

Ofgem has referred the energy industry to the Competition and Markets Authority (CMA) for a full investigation.   The report and the findings are likely to be known towards the end of 2015. The scope of the review will be wide ranging and will cover:- the relationship between the supply businesses and generation arms of the six largest suppliers barriers to entry and expansion for suppliers the profitability of the six largest suppliers whether there is sufficient competition between the large energy suppliers the trend of suppliers...

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