Can I have a business energy contract if I work from home?
The gig economy is showing no signs of slowing down and micro businesses are thriving, with 76% of UK business...Read More
The UK Government has released details of its Energy Bill, revealing its stance on the oil and gas industry, alongside renewable energy.
Support for the oil and gas industry makes up a substantial part of the Bill, which has already won cross-party support. It aims to ensure that the long-term survival of the industry despite falling oil prices and the expense of decommissioning old oil fields. The Bill will strengthen the Oil and Gas Authority (OGA), set up after the 2013 Wood Review of the industry.
The OGA’s new regulatory powers should encourage better cooperation and increased productivity, which will be crucial in attracting the investment needed to maximise the recovery of UK oil and gas reserves.
A Department of Energy and Climate Change spokesman said: “By reinvigorating our domestic oil and gas industry, we will also reduce our reliance on volatile foreign imports.”
The Energy Bill also confirmed the early conclusion of the Renewables Obligation (RO) subsidy for onshore wind. The bill confirms a closure date of 31 March 2016 but does not offer information about grace periods for the RO.
In June, when energy minister Amber Rudd announced plans to end the subsidy early, she said there would be grace period to allow projects to gain the subsidy for up to a year after the closure. Projects likely to be eligible for the grace period are those that have, as of 18 June 2015, planning consents, grid connection agreements and proof they own the land.
Just prior to the publication of the Bill, the Department of Energy and Climate Change (DECC) asked developers for feedback on the proposals. The DECC consultation is still underway so it may be expected that the further information on the grace period will be added to the Bill later.
RO Certificates are being replaced by Contracts for Difference (CFD) auctions. An announcement is expected soon by DECC regarding onshore wind’s eligibility to qualify as the Conservative Party implements its manifesto pledge to end support for onshore wind.
The effects on business energy prices are as yet difficult to discern. In the short to medium term, more UK-sourced gas and oil may drive down suppliers’ prices and ensure supplies in case of instability (such as interruptions of supplies from Russia or the Middle East).
But recent setbacks to the Government’s drive for fracking may adversely impact medium term supply, especially with the expected decline in renewable energy.
This uncertain picture means it is a sensible precaution for small to medium sized businesses to lock in low prices now. The time and effort spent calling around suppliers can be cut to a single call of 20 minutes. SwitchmyBusiness.com specialise in UK SMEs and our personal service has earned us the top rating for business energy compare and switch sites on Trustpilot. Give us a call on 0330 0100 251 or fill in the form at the top right of the page to start saving now.
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017