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Find out what stories have been hitting the headlines in the energy world this week…
‘Leaving Emissions Trading Scheme presents many risks’ – Energy Live News
Brexit continues to cause chaos across various sectors – now concerns have been voiced that leaving the Emissions Trading Scheme (ETS) would throw a spanner in the works of the UK’s efforts to regulate carbon emissions.
The Sun continues its war against the Big Six, claiming as a victory the recent Conservative manifesto pledge to place a price cap on standard variable tariffs. If you read last week’s news, you’ll know that the plan is controversial, with some saying that it will just lead to more expensive prices on fixed tariffs.
Scottish Power have reacted to the Conservative’s price cap pledge by proposing a new system of domestic energy – one that closely mirrors car insurance. Under the new model, deals would be scrapped in favour of a product that needs to be renewed each year. However the response to the announcement has been mixed, with consumer groups dismissing it as ‘nothing but a rebranding exercise’.
Could biomimicry revolutionise renewable energy? – Power Technology
Could copying nature bring about monumental shifts in renewable energy? Taking their cues from the natural world, scientists have been inspired by humpback whale fins, fern leaves and hummingbirds, creating innovative new technologies.
Back to price caps and the backlash keeps on coming from suppliers. Iain Conn, CEO of Centrica, has stated that the Government’s pledge amounts to an attack on free trade. This week Conn said “I think there are some at the heart of the government who just don’t believe in free markets”.
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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