EDF sue the French government over price cap. EDF sues its majority shareholder, the French state €8.34 billion in damages linked to an electricity price cap introduced by President Macron. The cap will limit electricity price rises to 4 percent this year for about...
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Quick Guide to Half-hourly electricity meters
Quick Guide to Half-hourly meters Half-hourly (HH) metering allows your supplier to split energy consumption into 30-minute segments. This gives your supplier an accurate picture of your energy use over a 24-hour period. Understanding half-hourly meters and how they...
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Its now or never, nuclear or bust!
To say that the UK energy market is in a state of crisis, would be an understatement. In a 2019 survey, 62% of members of the Federation of Small Businesses said that energy was a key component of the cost of running their business. In 2022 I would suggest that that...
DIY energy audits for businesses
The cheapest kWh of energy is the one you don't use. Using less energy and eliminating waste is now not the preserve of businesses that wish to show environmentally friendly credentials, it is an essential part of keeping your businesses profitable and in some...
Raising prices is the only option for many small businesses.
Over two-thirds of businesses expect to increase prices during the next three months, to offset record-high energy and raw material costs. Corporate confidence in the economy has fallen to a 15-month low, while consumer confidence is at its lowest level for 48 years,...
Is the Energy Market on the Verge of Collapse?
The national audit office has put the blame for the collapse of the energy supply sector squarely at the feet of the energy regulator Ofgem. The National Audit Office said Ofgem had allowed suppliers to enter the market and operate with weak financial resilience and...
Russian gas diplomacy causes UK power companies to pull out of gas market.
A number of UK suppliers have withdrawn from the gas and electricity supply market, due to a surge in gas prices. Russia’s Gazprom announced a reduction in additional gas exports, with a 60% reduction in flows through Nord Stream 1 to Germany. This is seen as an...
The Government must cap energy prices for small businesses NOW!
Over 30% of UK businesses have been forced to increase prices to keep up with the rising costs of energy and foodstuffs. The average UK micro business, if renewing both its electricity and gas contract within the current climate, would see its annual energy cost...