The Trillion Fund has recently revealed estimates which say £1.3 billion has been invested in renewable energy infrastructure in 2013. Helped on by huge investors and sponsorship from the retail sector, £1 billion was raised through the UK stock market alone. Surely this a good sign that people are trying to push the future of energy in positive direction?
Tagged with 'ukenergy'
New research has come to the surface this weekend which sheds light, not only on our consumer habits, but on the energy marketplace as a whole. It seems that the competition between the big six companies is at an all time low - to the point where they basically have a monopoly hold on consumers. The worrying thing is, none of us seem to be doing much about it.
Some of the larger energy companies have come under harsh criticism and have been accused of “getting away with green murder” as it transpires that savings made from the green levy cuts have not fully been passed onto the consumer. So far only two of the Big Six have bothered to announce savings which will be passed onto their customers.
The chairman of Centrica, the parent company of British Gas has resigned, and on his way out he’s called for an end to the “Punch and Judy” style debate surrounding the energy market and the general disdain toward to the Big Six providers. After his resignation, Sir Roger Carr defended the industry and said that customer confidence was being damaged by political rhetoric.
We’ve been waiting for George Osborne’s autumn statement for some time now in order to confirm what was already hinted at by the Government last week. Energy bills are to be cut by around £50 following a ‘slowing down’ of the ECO policy, alleviating some of the financial pressure on the big six. “Going green does not have to cost the Earth,” he said.
Following the announcement yesterday that the big six had ‘heard’ the plea from the Government and vowed to hold its prices for the next 2 years, the energy companies have acted as promised on another move by the Government. The green levies have been reduced and now the savings are being passed directly onto customers.
We thought we may have to wait until the Chancellor’s autumn statement to learn the fate of the green levies but it seems an agreement has already been struck. The ECO bill, which forms 50% of the green tax currently placed on energy companies, is set to stay but will be implemented more slowly and over a greater time period in order to cut energy bills.
It goes without saying that Britain has, in its past, faced many difficulties on its mission to keep the lights on and keep us warm. These difficulties have increased both in severity and number over the past few years as the country strives to meet renewable energy targets and reduce carbon emissions. The crux of the blame seems to be aimed at green subsides, and every proposal put forward seems to be met with harsh and hostile criticism. Why?
You may have already read our articles on energy saving tips this winter, and even taken all the steps to ensure that your home is as efficient as they come, but there’s one option in particular which can offer you biggest saving; switching supplier. Read on for more information.
It seems that political confusion and friction over the recent energy price hikes has led to Npower pulling their investment out of a £4bn project for a new UK windfarm. This is another blow in a long line of hits the UK’s green energy campaign has taken. The Atlantic Array project in the Bristol Channel is an important component of Britain’s plan to reach it’s green targets.