Wholesale electricity markets were hovering around the £45 per MWh into June.  Since mid June however, they have been falling and currently energy is tradings at just above £40 per MWh.

Prompt gas prices are currently trading at approximately £21.73 per therm and have follwoed the same trend as energy with decreases being seen over the last few weeks.

Oil Prices are currently trading at $61.45. 

(14th July 2009)

For further details and assistance in purchasing contact us.

The Low Carbon Transition Plan, published 15th July 2009, sets out how the government is to meet its carbon budget - which is an 18% cut on 2008 emissions and a 34% cut on 1999 emissions - by 2020

The Hightlights -

• A new office is to be launched to speed up the growth of renewables in the UK called the Office for Renewable Energy Deployment
• £11.2 million has been allocated to help local authorities prepare and speed up planning decisions on renewables and low carbon energy
• The UKs largest biomass power station in Teeside has been approved
• Ofgems powers are to be strengthened to protect consumers
• 15 villages, towns or cities are to be chosen to test future green initiatives
• Up to £120 million is to be invested to fund the advancement of offshore wind farms
• £4 million is to be invested into the expansion Manufacturing Advisory Service (MAS) to advising manufactring companies on environmental issues and carbon saving
• £2,000-£5,000 incentives for consumers purchasing electric or hybrid cars which are expected to begin in 2011
• Support is to be given to farmers for energy efficient and low carbon farming along with the development of an advisory service for the industry
• Private funding for the creation of woodland is to be encouraged and the amount of waste sent to landfill is to be reduced
  

For more information visit the Department of Energy and Climate Change website at: www.decc.gov.uk

(17th July 2009)

 

Bglobal is to speed up plans to install Smart Meters for all of its business customers.  The supplier Bglobal has already installed Smart Meters for many of Npowers larger businesses customers and wants to start introducing these to the wider business community (SMEs) to help these businesses understand where their consumption is being used to help reduce both usage and costs.

Many of the leading suppliers are introducing plans to install Smart Metering as part of the governments plans to reduce Greenhouse emmissions.  By 2014 all UK businesses are to have Smart Metering and by 2020 this is to widen to all UK households.

(14th July 2009)

 

On the 24th October 2008 Electricity 4 Business or E4B went into administration.   All of E4Bs customers were transferred over to British Gas Business who bacame their new supplier.  Consequently all contracts set up with E4B were voided and new contracts placed with British Gas or another supplier.

On the 31st October 2008 Bizz Energy also went into administration.  British Gas Business has acquired all of Bizz Energy's former customers and now owns each contract.  Each contract set up with Bizz will be honored by British Gas until its end date and all account information has been transferred over successfully.

(1st Novemeber 2008)