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.
When countries set out their cases for energy independence, the main reason is generally cited as the need to ease reliance on oil and gas from unfriendly places. President Barack Obama's 'All of the Above' energy strategy for example, a plan that has seen this US administration extract more fossil fuels than any other, is very much predicated on the need to lessen oil imports from Iran and Saudi Arabia.
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...
Marion is FD of the Oxford Bus Company (OBC), and the asset in question is a roof over its main depot. It might be doing a good job keeping the buses dry, but Marion reckoned it could work harder. Vast, sprawling and - crucially - south-facing, it struck him as the ideal site for a massive photovoltaic (PV) plant
One word of warning, if you are considering applying for a payback, my advice would be to do it so sooner rather than later. The Government plans to review the scheme quarterly and will reduce the incentive as necessary based on the number of people wanting to join. This is one example where it really will pay to be in there from the beginning.
The current governmental landscape betrays a belief that it is possible to run with the hare and the hounds ad infinitum when it comes to energy, and this simply isn't the case. Giving with one hand and taking with the other not only demonstrates a disingenuous attitude that further belittles trust, it also harms investment and makes us less competitive on the world stage.
Russia pulled off a major diplomatic coup in November by inducing Ukraine to abandon its proposed association agreement with the EU, the consequences of which are currently being played out on the streets of Kiev. But it would wrong to assume that Russia now calls all the shots in relations with its ex-Soviet neighbour...
The government's "sweeteners", of 1% of shale gas revenues to local communities and handing local authorities all of the business rates arising from shale gas wells, can be seen as a financial compensation for the disruption fracking will cause locally. The introduction of climate change taxation would tackle the far greater global disruption that the climate effects of shale gas would otherwise bring.