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Energy News 09/06/2017


Of course, the big news today is last night’s shock election result. It’s currently looking pretty likely that Theresa May will stay on as Prime Minister, propped up by the DUP. How long that will last though is anyone’s guess. As you might expect, the markets are going haywire –  and this type of uncertainty can often lead to higher energy prices.

Aside from the election, what else has been hitting the headlines this week?

Renewables provide more than half UK electricity for the first time – BBC

Wednesday lunchtime marked the first time that power from renewable sources outweighed energy from traditional sources. This was due to a perfect combination of factors: a sunny day that was also very windy, with records being set for wind generation across the continent.

Opinion: Trump is wrong: clean energy is great for the U.S. economy – Market Watch

The other big story from the week is the withdrawal of the US from the Paris Climate Agreement. The decision has understandably caused global shockwaves, with some despairing and others clamouring to fill the leadership position that is now available. There are worries within the US that withdrawing from the agreement will cause long-term economic damage, leaving the country at a disadvantage as the clean power movement gains momentum.

‘Spectacular’ drop in renewable energy costs leads to record global boost – The Guardian

On that note, the Guardian covers the recent drop in renewable energy costs – illustrating the growing business case for clean energy. New data shows that in a number of regions, including Mexico and the UAE, renewable energy sources are now cheaper than fossil fuels.

Election 2017: UK small business energy costs have increased 43% and Tory price cap could make it worse – The Independent

Now we know that we’re in for an – albeit weakened – Conservative government, we have more of an idea about what the energy landscape will look like going forward. The Conservative Price Cap promise aims to protect vulnerable consumers from rip off variable rate tariffs. The policy has been well received by voters, but there are a number of loud detractors who state that the policy will do more harm than good.

How on-site production can reduce business energy costs – The Telegraph

Have you ever considered producing your own energy as a means of reducing your energy bills? Whilst energy generation has traditionally been expensive, new technologies are bringing prices down. This piece by E.on looks at how realistic on-site energy generation actually is, and what methods you can use.

Remember to keep up to date with all the latest energy news and small business advice by following us on Twitter@switchmybiz.

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