It's time for urgent action from the government to wake up to these market forces and what they mean for British consumers, British firms and British industry. We've failed to benefit from the plunge in prices; it's now essential not to be caught out by the rebound...
No-one in their right mind would design today's energy market. It is complex, confusing and counter-intuitive. It benefits energy companies, at the expense of the British public, who are routinely overcharged by expensive tariffs. It's time for the government to force retailers to charge a single unit price.
Communities could be reinvigorated by these schemes, with individuals able to make the choice between the monopoly of the Big Six and their rocketing prices or a locally-based energy tariff that directly benefits them and their town.
By 2020, the Government wants every household in the UK to have smart meters for gas and electricity. At a time when bills are spiralling up, smart meters and the in-home displays that come with them should help people think about how much energy they are using and whether they can cut down.
Last week, Rolton Group proudly hosted the launch of the latest CTF report, which explores the vital role of a smart grid in the UK. I was invited by Dan Byles MP to open the event, and in my introductory speech I explained why the advent of the smart grid is of such importance for businesses and consumers alike:
The benefits to the UK economy of ensuring fracking commences sooner rather than later are pretty obvious. With the tensions in Eastern Europe showing little sign of subsiding, there are growing concerns over our energy independence in the long term, particularly with regard to gas.
In 1996, landfill tax was introduced at a rate of £8 per tonne to encourage councils and businesses to develop more robust recycling programmes. The ...
We have known about excessive profits for years. Year on year we saw companies making billions in profits and then hiking their prices again just months later... I have not always agreed with my Party that Ofgem should be abolished, but my faith in them has hit rock bottom. I have to ask myself why this has not been done sooner.
Millions of people across the country are feeling powerless with stupidly high bills, appalling customer service and complicated tariffs. However, this new campaign puts the ordinary consumer back in the driving seat.
Anyone following the economic and political debate in recent years will have found it hard to escape the fact that the price of essentials is rising. While most have accepted this as a given, and policy makers have been tussling to tame the rises, what has been missing from the public debate has been hard evidence on precisely how much these rises have impacted households over time.
The Chancellor has his sights set firmly on driving economic recovery, and a central component of the plan is his target to increase the value of annual UK exports to £1 trillion by 2020. This equates to approximately a 100% increase from where we currently stand, and there is little disagreement that it is an exceptionally tall order...
What a lot of observers are missing, supporters and "Milibashers" alike, is that the measures Miliband has announced are forming a narrative of leadership in the Labour Party... Miliband has spent the past three years having his credibility as a future prime minister questioned, and he's only just now mounting a concerted challenge to this hostile narrative.
The question is: why is the price for nuclear so much higher in the UK than elsewhere? The British Calder Hill power station was the first in the world to generate electricity on a commercial scale, so we evidently weren't dragging our feet in the beginning...
Currently a home is classified as being in fuel poverty if it has to spend 10% or more of its total income on maintaining a 'satisfactory' level of heat. The new definition, however, proposes a more abstract perspective: if a household has above average fuel costs that leave them with a 'residual income below the official poverty line' they will be put in the bracket.
Recent events in British politics have shown how confused our public is on the issue of the role of the state versus that of the market and indeed of society, something that political leaders and officials at local and national level probably experience every day.
It's time to tackle the real problems. The wholesale cost of energy is the main component of our energy bills, it has gone up significantly and will continue to do so, and we can't change that. What we can do is stop wasting energy by improving our energy efficiency, and supply more from secure renewable sources. And with serious investment in these areas now, we can achieve lower energy bills in future.