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The week of Donald Trump’s inauguration has seen shaky energy markets, a landmark Brexit speech by Theresa May and a scolding for energy companies from Ofgem.
SmartestEnergy launches certified renewable electricity offer to businesses – Clean Energy News
Smartest Energy has launched a 100% renewable offer for UK businesses, independently certified by The Carbon Trust. The offering is the latest evidence of the growing trend towards greener energy, as firms strive to reduce their carbon footprint.
No excuse for energy price rises, says Ofgem – BBC News
Ofgem has sent a stern warning to energy companies about the pricing of their standard tariffs. The regulator has stated that, since energy companies buy their gas and electricity in advance, they should be able to protect themselves, and their customers, from market volatility.
Gas and electricity prices ‘top worry for consumers’ – Energy Voice
Distrust in energy providers is increasing, with rising energy costs proving to be a worry for two thirds of consumers. A survey by Which? found that domestic customers could be saving up to £330 a year by switching to a cheaper provider.
Theresa May’s Brexit speech this week set out her vision of a clean Brexit; one in which we leave the single market. Whilst May’s speech gave no mention of energy markets, many are speculating on what a hard Brexit would mean for the industry, with the National Grid warning of potential cost increases.
Aside from May’s Brexit speech, the big story of the week is Donald Trump’s inauguration. Whilst Rich Perry, his pick for Secretary of Energy, is yet to be confirmed, Trump has made no secret of his plans for the energy industry. These include a raft of changes including greater investment in oil, a reduction in wind farms and a potential withdrawal from the Paris Accord. This article looks at the changes we are likely to see in the new president’s first few days in power.
Remember to follow us on Twitter @switchmybiz for the latest energy news and small business advice.
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