The Latest News on Smart Meters

8th December 2016

 

Survey on Energy Costs for Businesses

 

It seems that almost half of senior business managers are not aware of how much their companies spend on energy bills.

 

That’s according to a survey by The Telegraph and YouGov that found that although a fifth of firms spend more than £250,000 per year on their gas and electricity senior managers have no idea who is responsible for buying energy.

 

The poll of 760 senior managers stated that 67% of them have no understanding of how their businesses buy energy and even who buys it and nearly half of them confess to have “limited understanding” of costs.

26th October 2016

 

Touchstone have been nominated as finalists in the 2016 Farm Business Innovation Awards.

 

The Farm Business Innovation team are delighted to announce their industry awards for 2016. Focusing on key areas in rural businesses the awards will highlight and celebrate successes across the country. Entries can be viewed prior to the event, and will be judged live by a panel of leading experts at the show itself this November. Farm Business Show

7th October 2016

 

Battery Storage connected to the Grid.

 

A new facility built for UK Power Network has recently been deliverd on time and on budget in Leighton Buzzard, Bedfordshire. The High Voltage, state of the art storage facility provides a test bed for ongoing development of HV battery storage.

14th September 2016

Is Theresa May about to give go-ahead for Hinkley Point nuclear plant?

Reliable sources say that Theresa May will give the go-ahead for Hinkley Point. This is at the very time when a report suggests that renewables are already cheaper than coal and gas with costs set to fall even further by 2020 and several emerging technologies which could spell the end of nuclear as a viable option.

 

Many in the industry consider Hinkley to be an unnecessary distraction and potentially a huge financial burden on UK energy users for years to come.

 

The Prime MInister is having to balance her decision against the potential damage to UK-China relations a cancellation would inflict. At a time when the UK needs all the friends it can find after Brexit, the trade and political implications are probably to big to bear.

8th September 2016

 

The drop in the value of the Pound is likely to result in increased energy costs.

 

The depreciation in sterling will have knock-on effects for power costs as developers factor in lower returns due to sterling's fall. There are also many questions to be answered related to the EU single energy market.  With the  projected increase in Euroepean interconnectivity it is stil unlcear whether the UK will be part of the single energy market.

8th September 2016

 

Does Brexit mean increased pass-through charges?

 

Haven Power recently suggested that clients should expect increases in DUoS, TNUos, FiTs, Renewables Obligation and Climate Change Levy (CCL)

Haven's newsletter, which was published before Brexit, project year on year increases for all of these charges which now make up 47% of electricity bills. The commofity cost is down to 34%! 

7th August 2016

 

EU hits energy reduction target 6 years ahead of schedule

Substantial reductions have been reported across all sectors well ahead of the 2020 goal. The question for the UK is whether the UK will reverse the gains after Brexit?

 

It is estimated that the carbon equivalent of 400 power stations has been cut.

 

In 2014, the EU's 28 member countries consumed 72 million tonnes of oil equivalent less than had been projected for 2020, according to a report by the

 

Environmental campaigners are jubilant and described the achievement as "remarkable" and "incredible". The European Commission was less animated but nevertheless happy at the progress.

 

Interestingly energy use in residential buildings fell by 9.5 per cent between 2000 and 2014, which is above projections. The industrial sector saw a reduction of 17.6% over the same period.

 

All this comes with a note of caution about the UK.

 

Energy analysts are concerned that the UK government is dragging its feet on energy efficiency measures and could even begin to backtrack on commitments once Brexit occurs. Some Tory MPs regard energy efficiency regulation, introduced by the EU, as hampering UK businesses. Hopefully narrow minded interests will not prevail and the UK will stay on track to play its part.

 

Ingrid Holmes, the director of the E3G thinktank in London, said: "Brexit creates enormous uncertainty over how the UK will continue to provide affordable and secure energy to its people. Energy efficiency works - and it's time the government committed to at least match the ambition of energy saving actions taken by the rest of Europe."

31st August 2016

A smarter grid will help avoid power blackouts says National Grid chief Nicola Shaw
In an interview she claimed there will be 'real change' in industry as computers make power use smarter
The "internet of energy" will help stop power blackouts in the UK, the new boss of the National Grid says.
Executive director Nicola Shaw hailed a moment of "real change" in the energy industry, looking forward to increasingly intelligent use of power in homes and offices
Once appliances are online, it will be possible to coordinate them so that they are not all using power at the same time. This could stop 30 to 50 per cent of major energy fluctuations, she told the BBC.
"Smart" appliances could also help with the fluctuations in availability inherent with renewable power sources. A washing machine could be turned on only when it was sunny, for example.
In a major change to tariff structures Shaw said flexible pricing would be key. One energy provider in Cornwall already offers a "sunshine tariff" that tries to persuade households to use cheap solar power when the sun is shining, says the BBC.
She also hailed the rise of renewable energy generated at homes and offices across the country, saying: "We are at a moment of real change in the energy industry.

26th August 2016

A recent poll confirms there is strong support from within the Institute of Directors (IoD) to tackle climate change.
The Institute of Directors (IoD) strongly supported Theresa May’s decision to review the Hinkley nuclear scheme, which at last count, was due to cost £18.5bn, although experience in France and Finland shows massive overruns. However, the IoD launched a savage attack on successive government policies for failing to deliver energy security.
The IoD is a traditionally conservative employers group but its members expressed their support for tackling climate change in an opinion poll that showed three-quarters of its members backing solar, wind, and even tidal power.
Only 9% of the 1,000 bosses “strongly agreed” that the proposed new reactors at Hinkley Point C would make Britain more economically competitive.
Less than a fifth strongly believed Hinkley would make the UK more strategically secure although a different poll taken 12 months ago showed a huge majority in general favour of new nuclear power stations being constructed.

19th August 2016

Australia blocks Ausgrid energy grid sale to Chinese companies
Australia has blocked the sale of Ausgrid, the country's biggest energy grid, to two Chinese companies over security concerns.
Australian Treasurer Scott Morrison officially rejected the bid by the two firms to buy a 50.4% stake in Ausgrid.

13th June 2016

UK to double French energy supplies with new cable
A privately funded project has announced it will build a £1.1bn cross Channel electricity cable which will double the amount of energy the UK presently receives from France.
The cable, called an interconnector, will run from Lovedean, near Portsmouth to the Le Havre area.
The developer is Aquind led by Ukrainian businessman Alexander Temerko.
The company said the 150-mile cable would come online in 2021
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