The Government is holding out on EU renewable energy targets as funds are diverted into shale drilling in a ‘dash for gas’ trend set by America. They’ve also announced tax breaks for companies specialising in shale gas extraction, as well as incentives for local communities to allow drilling in their area. Today, the European Green Party have announced a potential campaign against the UK and have even threatened a legal battle.
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The UK business secretary, Vince Cable, today highlighted the effect of the forthcoming energy crisis and the effect it could have on the competitiveness of the UK’s industries. Since the Big Six pushed their prices up last year, all focus has been on the domestic costs of ‘keeping the lights on’ but Cable’s comments highlight a much bigger concern which could have a dramatic effect on the country’s economy
Earlier this week, Eco Stores Direct reported on the blackouts the country may be facing as a result of low grid capacity. A senior Labour advisor claimed that the UK did not have enough surplus capacity to maintain a stable energy infrastructure, and that these blackouts could be ‘good news’, jolting the Government into action. Today the Prime Minister has defensively dismissed those claims saying there is “no danger” of blackouts.
The Department of Energy and Climate Change have recently revealed figures which indicate that half a million buildings in the UK now employ the use of solar panels. This is seen as a milestone for the solar panel industry and represents a quiet revolution in the way people are choosing to power their homes. As clean, economic heating technologies such as electric radiators and infrared panels are increasing in popularity, people are beginning to realise they can cut out the middleman, or at least minimise his involvement
The leading shale gas exploration companies in the UK are planning expansions across a number of different sites in the coming months and years. Energy Minister Michael Fallon has talked of how it might boost the economy and even reduce energy bills - something which is currently at the forefront of people’s minds and fueling political agendas on all sides.
New measures are set to come into force which are designed to make tariffs more transparent to prospective customers. Energy regulators and watchdogs, Ofgem, are banning what they consider to be ‘confusing’ or complex tariffs in a bid to help restore public trust in the energy industry
Scottish Power currently have 3.6 million customers in the UK and, in response to the Government’s easing of the green levy, they’re now offering them a 3.3% reduction in costs on gas and electric. This amounts to around £40 per year off the average dual fuel household bill
The storms which have hit majority areas of the UK over the holiday period have left thousands of homes without a power supply. The environment secretary, Owen Paterson, has since come forward and accused energy companies of letting customers down with their handling of the crisis. He has also urged energy companies not to let their staff take holidays in order to get people back online as quickly as possible.
The debate surrounding energy bills has reached fever pitch over the last few months as a political scramble for votes ahead of the 2015 elections had spiralled out of control. From scrapping green levies to freezing energy prices, many ideas have circulated which have been met with praise and criticism in equal measures. It would be hard to blame anyone in the UK for being concerned about the cost of light and heating in their home. But how bad have we got?
It would be an understatement to say the British Public are dismayed by the recent price hikes of the energy companies. From wholesale energy prices to green levies, the finger seems to have been pointed everywhere while their profit margins go untouched, but there is hope yet. A Government led scheme to bring smart meters in UK homes is sparking a lot of interest, and could put the consumer back in control.