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What with the announcement of a snap election and all the ensuing shenanigans it’s certainly not been a quiet week! Below are some of the most interesting headline grabbers from the last seven days…
Government cap on energy prices would spark backlash – The Guardian
Business Secretary Greg Clarke has promised ‘muscular action’ against energy companies who increase their prices. If you read our energy news regularly you’ll know that this announcement comes after a number of controversial domestic price hikes by the ‘Big Six’. The idea of a price cap on costly standard rate tariffs has been met with scepticism by many in the industry, with some worrying that it would just mean an increase in prices on other tariffs.
As Brexit negotiations begin, Greg Clarke has argued that the UK must stay in the European Union’s energy market. The UK’s energy market is deeply entwined with European suppliers, meaning it would be costly and difficult if those relationships were to unravel. Britain is a net importer of energy, so good relationships with other countries are vital to maintain our energy security.
Energy giant E.on enters UK solar and storage market – Solar Power Portal
Bix Six supplier E.on is moving into the storage market with a new offering that will act as an addition to its current energy supply. The new solar systems could potentially save customers as much as 30% on their energy bill.s
Data centers need to be kept cool, something that requires vast amounts of energy to achieve. Whilst some companies, such as Facebook, have attempted to address the problem by building data centres in freezing locales, others are looking at less chilly alternatives.
Industry reacts to general election announcement – Energy Live News
This week’s unexpected election announcement has sent shockwaves through all industries. Energy Live News rounds up some of the varying reactions from those in the energy sector.
Whilst the increase in low carbon energy sources is good news for the UK’s emissions, it has the potential to put pressure on the National Grid. The National Grid has now released its plan for tackling the huge changes that clean energy will bring.
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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