The Week’s Energy News – 09/12/2016
This week’s energy news covers an acquisition and a host of renewable energy stories. Drax buys Opus Energy ...Read More
As the Guardian pointed out, 15 years ago, the UK did not need to import gas. But as supplies have steadily fallen from Britain’s ageing fields, imports have increased to 45% in 2009 and is expected to reach almost 70% by 2019.
In fact, international cooperation on gas is not new: a 10-year deal between Centrica and Norway’s Statoil was announced in 2011. However, the originally envisaged 5 billion cubic metres (bcm) a year from, has been increased to 7.3 bcm. Centrica has also extended a deal with Gazprom, from 2.4 bcm to 4.2 bcm.
As Reuters reported, the deal comes as the European Union (EU) is looking to lessen dependence on Russian gas in the wake of continuing instability in Ukraine and the EU charged Gazprom with market abuse.
The implications for UK businesses were not immediately apparent. Deals with suppliers that have lower production costs could translate to lower business energy prices. However, without security of supply businesses may not be getting a good deal on business gas rates.
Many UK companies could already get much cheaper business gas, locking in low rates for the next two, three or even four years and decreasing uncertainty amid the current ambiguous situation.
SwitchMyBusiness.com can cut business gas bills by up to 70% with exclusive supplier rates. You could save thousands with a call that takes less than five minutes. For an impartial expert option, fill in the form at the top right of this page or call 0800 411 8830
"Many thanks to Anthony Pendleton, very courteous and polite, explained everything in right amount of detail and very helpful in sorting out the business utility switch. Would thoroughly recommend."This review was posted by Nicola on the 28th of November 2016
"Rachael Grindrod was excellent, very friendly and helpful."This review was posted by Maria Allen on the 29th of November 2016
"Thanks to Jonathon Burgess who was a great help switching electricity for a charitable organisation. The process was complicated and his patience was appreciated as well as his proffesional attitude. We would not have completed the process without his help. Thanks Dawn"This review was posted by Dawn Kerr on the 29th of November 2016
Great service from Rachel Grindrod. Thanks.
"Great service Rachel"This review was posted by Craig Hewett on the 30th of November 2016
Easy to Switch
"Using SwitchMyBusiness made changing electricity suppliers easy. Thank you Anthony Pendleton for your professional approach with advising on which supplier to use."This review was posted by Vanessa Gernat on the 01st of December 2016