You’ll find all our latest views on all things energy here.

Blog posts RSSBlog posts
Alan Richards -

The first T-1 Capacity Market auction has clear at just £6.95/kW, well below expectations. This will reduce the increase in non-commodity charges this year, but the low clearing prices being struck at auction could contribute to security of supply issues on the horizon.
 
This article provides a brief overview of the auction results and highlights the wider issues at hand.

Read more
-

All nine members of the Monetary Policy Committee voted in favour of a cut in the interest rate from 0.5% to 0.25%. The new rate is a record low and the first change since 2009 when the rate was cut from 5.75% in the wake of the financial crisis. The Bank of England also announced a fresh round of Quantitative Easing in the form of a £70bn bond buying scheme.

Read more
-

Mariusz is part of a team of energy managers tasked to deliver energy savings across the estate of a major high street bank. He joined Mitie after graduating from the University of the West of England with a BSc in Climate Change and Energy Management and gaining previous experience in installation of energy efficiency measures within the domestic sector. Having worked for Mitie for over two years, Maruisz’s journey started with providing remote BMS support, then he took on an Energy Engineer role and subsequently moved to Energy Manager.

Read more
-

Yesterday morning Mark Carney announced the first measures the Bank of England would be taking to calm markets in the wake of the Brexit vote. The announcements were made at the launch of the financial stability report where he ordered banks to cease from building a reserve margin — which banks should hold as a buffer for when things turn bad — in order to release up to £150bn in potential loans to boost liquidity in the market. 

Read more
Ruth Galligan -

We reported towards the end of May on the Paris Agreement – the call for countries to “hold the increase in the global average temperature to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 °C”. What’s happened since then? The 2016 Bonn Climate Change Conference schedule of meetings recently completed. Last week France became the first G7 and G20 country to ratify the Paris Agreement. Our diplomats have not been idling.

Read more
Ruth Galligan -

The Paris Agreement opened for signatures on 22 April 2016 – 175 countries signed it that day (the largest number of first-day signatures to an international agreement), with 15 ratifications. Several other countries promised to ratify the Agreement in 2016 – including Canada, the US and China.

Read more
Ruth Galligan -

You could be forgiven for not being sure how the UK’s carbon pricing mechanisms are going to change over the next few years. There remains in place a raft of these mechanisms – attaching a variety of prices to carbon emissions and energy consumption both upstream and down. This article looks at the timeline for carbon pricing changes between now and 2020. In a subsequent blog we focus on the CRC in more detail.

Read more
-

Many businesses see ESOS as little more than another burden and cost from central government that they have to comply with. Six thousand organisations are registered for the scheme and there are still approximately 1000 further organisations not yet registered, missing the deadline and facing possible fines.

Read more
Peter Ibbett -

& Lorna Forbes

The much anticipated outcome on the future of the CRC scheme was finally revealed last week: CRC is to be abolished. 

During the announcement, the Chancellor conceded that the CRC scheme is a tax in contrast to its initial conception as a scheme to encourage competition between big businesses to drive down energy usage. The Government will now be looking to simplify the carbon compliance process by increasing the Climate Change Levy (CCL) from April 19 onwards which will capture the majority of businesses rather than targeting the highest consuming organisations. 

Read more
Anna Timoshina -

Brent crude prices have rallied by roughly 30% in the five days to 29 January to trade at around $34.50/bl on the day. Brent futures had dropped to as low as $27.10/bl on 20 January, their lowest since 2003.

Concerns around the Chinese economy and its impact on global oil demand growth helped push prices to the new lows in early 2016 forcing some OPEC producers to call for emergency meetings to discuss possible production cuts to support prices. 

Read more
Peter Nisbet -

What consensus do you get around the major energy issues of the day when you gather industry, policy and political experts around the table? Surprisingly rather a lot as we found at our recent Energy Question Time event.

Read more
Jo Butlin -

Policy uncertainty and predicted energy price rises: it looks like another rocky ride for the energy industry. So what can businesses do to protect themselves in this difficult market? Jo Butlin, Managing Director of Mitie’s energy consultancy Utilyx, argues demand side management will be the critical factor.

Read more
Jo Butlin -

Economists often talk of the law of unintended consequences: when the actions of people and especially of government have effects that are unanticipated or unintended. Never has this law been so true when it comes to energy than in the last couple of weeks.

Read more
Jo Butlin -

For businesses, complying with energy regulation is largely viewed as a costly and time consuming tick box exercise with little connection to energy strategy.  Jo Butlin, managing director of Utilyx, argues that the start of a new parliament will be a good time for politicians to simplify energy...

Read more
Jo Butlin -

Falling energy prices and a potential change of Government: never has the energy market been so unpredictable for businesses to navigate. If anyone had said a year ago that the oil price would be sub $50 a barrel, even the brightest of energy analysts would have probably laughed. Ed Miliband...

Read more
Peter Nisbet -

Discussions surrounding the real risks to the UK’s energy supply are not new. Each year, we see a plethora of outlooks and analysis pieces examining the current risk and they often come to the same conclusion. This winter ‘the lights will go out’ – but it hasn’t happened yet.
Recent...

Read more
Caroline Pitt -

Ask water company directors about the big issues dominating their in-trays right now and there's likely to be much common ground.

The need to deliver more for less to meet regulatory demands at the same time as preparing for non-domestic competition means all are facing the same ‘big ticket’...

Read more
Peter Nisbet -

As regulators prepare to probe concerns over lack of competition in the domestic energy market, they don’t need to look too far to see what healthy rivalry looks like in action. The emergence of a number of new business energy suppliers is leading to some aggressive elbowing...

Read more
Caroline Pitt -

Ask five energy managers for their advice on the best way to invest to cut costs or carbon emissions and you’ll get five different answers. But ask fifty and you might start to see some similarities.  Ask five hundred, and you’ll see some clear trends.

Read more
Andrew Horstead -

The proverb that necessity is the mother of invention is being borne out by the innovative approach many organisations are now taking to energy. Rising bills, environmental concerns and greater volatility means energy is no longer just another business cost but a key risk which needs to be addressed.

Read more
Andrew Horstead -

The ink is barely dry on the Energy Bill, described as the biggest shake-up in the energy market since privatisation, yet some commentators are already talking of more change ahead.
With energy increasingly a hot political topic – or perhaps that should be football - the looming...

Read more
Mark Stokes -

The UK’s economic recovery continues to make the headlines. Less well reported is the role that the energy sector has played in helping to put us back on track. Contributing 3 per cent of UK GDP, the sector provided £102 billion directly or indirectly through the supply chain activity...

Read more
Jo Butlin -

Taking steps to minimise the impact of rising energy costs has become a necessity for most businesses. Quick-wins to reduce usage and save costs, such as campaigns to encourage staff to switch lights off or even replace lighting systems, have already yielded sizeable reductions for...

Read more
Andrew Horstead -

Chancellor George Osborne has delivered the 2014 Budget setting out his plans to support a “resilient” economy. George Osborne’s fifth Budget as chancellor comes as the UK economic recovery is gathering pace with latest BCC forecasts expecting the UK to hit a pre-recession peak by...

Read more