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
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
26th August 2016
19th August 2016
13th June 2016