Business Energy Costs Post-Brexit
North West businesses need to act quickly to secure their energy prices, before Brexit cost increases With the...Read More
Could electric cars cause blackouts? Will Brexit make energy prices soar? And will the Government embrace energy efficiency policies?
There’s a lot of talk about electric cars, but how will it affect our energy bills – both at work and home? The logistics of charging electric cars may end up causing headaches for the national grid – at the moment, even turning a kettle on at the same time as charging a car could cause a tripped fuse.
Could Brexit add £90 a year to household energy bills? Energy efficient appliances have become commonplace in Britain, in part due to stringent EU safety standards. If these standards aren’t upheld after we leave the EU we could see less efficient appliances flood the market, which would use more energy for doing the same amount of work – increasing energy bills.
The pressure increases for UK distribution network operators (DNOs) to become better at customer service – with Ofgem now going so far as to threaten fines if standards don’t improve. DNOs deal with the infrastructure around delivering energy to homes and businesses, the bulk of the issues centre around communication with customers such as lack of progress updates on new connections.
Brexit curtailing EIB funding for UK energy – Utility Week (sign in needed)
Only one energy project has received funding from European Investment Bank since Brexit, compared to six that received funding in the three months prior to the referendum. The lack of investment can be seen as a signal of the uncertainty surrounding the UK’s energy future.
Energy policy has tended to concentrate on generation rather than efficiency – perhaps because it has proven historically tricky to persuade consumers to change their energy habits.
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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