Latest News

Energy partnership renewed for two South Tyneside businesses

Independent energy consultant, Square One Utilities has announced a contract with Jarrow-based electrical components manufacturer, HVR International Ltd to manage its energy supply services.

Square One Utilities acted for HVR International in 2015 and has now been put on a formal footing as a result of the relationship it has built with the firm.

North Sea oil workers vote to strike

Workers on Shell’s giant Brent oilfield platform have voted for strike action that could take place in the next couple of weeks. Workers and Unions are angry at proposed cuts to salaries and increased working hours. If the strike takes place it will be the first industrial action in the North Sea for a generation.

The trade union Unite says the proposals are unfair and that they break an agreement made just six months ago. With 99.1% of voters taking place in the ballot voting for strike action, it is clear that their member agree the proposals are unfair.

Now we’ve had time to digest it, will Brexit affect the UK’s energy industry?

Unless you have been living under a rock, you would have heard that the UK voted to leave the European Union in a historic referendum. The result of the referendum was quickly followed by the resignation of Prime Minister David Cameron who said he did not want to be the leader that would take the UK down this path.

Throughout the referendum campaign trail we had heard a lot about the negative impacts Brexit would have on the UK economy and more specifically the UK’s energy industry. However, now the UK will definitely be leaving the EU, industry expects are reacting to the news.

Highly respected independent energy experts nominated for top national customer service award

Boldon-based independent energy consultancy, Square One Utilities is celebrating its second national award nomination in a year.

Members of the team will travel to London on 30 June where the company is shortlisted for the ‘Best Customer Service’ award - having been national finalists last year for ‘Most Trusted Consultant’ - in The Energy Live Consultancy Awards (TELCA), widely recognised as the energy industry’s most prestigious showcase.

The awards celebrate companies operating within the energy sector that are providing outstanding levels of service.

Gas and power prices increase across the board

There were continued rises in the gas and electricity markets throughout May, which was supported by increasing oil and other commodity prices. Seasonal gas prices jumped 6.3% throughout the month and winter 16 gas prices rose by 6.9%. It is believed these increases were driven by much higher gas demand due to the UK energy mix being dominated by gas fired power stations.

Record levels of Renewable Energy added in 2015

Renewable energy sources such as wind farms, solar farms and hydropower sources were built at a record pace in 2015 according to a new report. The amount invested in Renewable Energy was also double what was spent on coal and gas power stations. The reports results were gathered prior to the climate change agreement in Paris at the end of 2015, an agreement which is expected to increase spending on renewable energy due to carbon emission targets being set.

New London Mayor calls for action against air pollution

The new Mayor of London has filed legal documents and will give evidence against the UK Government over air pollution in the capital. The case against the Government is due to their lack of action against air pollution and will be the second time environmental lawyers from ClientEarth have launched legal procedures.

London Mayor Sadiq Kahn has joined the battle because he believes the Government should have more incorporated into their Air Quality Plan (AQP) that would help the capital clean up its air.

Will Brexit affect your energy prices?

You will know by now that Britain will be holding a referendum on the 23rd of June to decide whether to continue as a member of the European Union. This decision could have a huge impact on the cost of energy for businesses. The Government and more importantly the energy secretary Amber Rudd, have already backed the ‘stay’ campaign and numerous publications stating the impact of a Brexit have been released.

Calls for more energy efficiency grants in the UK

A new survey has revealed that over half of businesses in the UK feel more grants should be available to make their business more energy efficient. The same survey also found that only a small percentage of businesses believed that more information  would be beneficial and an even smaller percentage believed that financial options such as loans would help.

Saudi Arabia to end their addiction to oil

Saudi Arabia has announced ambitious plans to end their ‘addiction’ to oil revenues this week after Prince Mohammad Bin Salman said the Kingdom would not allow their economy to be dictated by volatility in commodity markets.

Carbon Trust launches Green Business Fund for SME’s

The Carbon Trust has launched a new fund worth £7 million for SME’s in the UK. Small businesses in the UK can now apply for the money to improve the energy efficiency of equipment and will be available up to the value of £10,000. This can cover the costs of up to 15% of a project, which can also be changing a buildings lighting to a more energy efficient alternative such as LED’s.

Could the UK be sitting on £52.6 billion?

A potential £52.6 billion worth of oil could be sitting under Gatwick and other areas of the South East according to a new report by UK Oil & Gas. The company who plans to extract oil from the Gatwick area have said that they believe there is a considerable amount of oil in the area, which will be a huge boost to the region.

Oil output freeze discussions end without a deal

A meeting between oil producing nations over the weekend to discuss a possible output freeze has ended without a deal. It was hoped that this meeting would finally see OPEC cut its production and force the price of oil up. However, the familiar issue of Saudi Arabia not wanting to loose market share to Iran forced the meeting to end without a deal being made.

Energy tax landscape to be simplified for businesses

The UK Government has said that they will be streamlining the energy tax landscape for businesses, which will include simplifying policy and regulation. When the Conservative Government was elected in 2015 they believed that the business energy tax landscape had become over complicated and had became a burden for businesses. Energy efficiency policy was also criticised with a number of schemes being very similar, using up a lot of administrative time within businesses.

UK Government to introduce zero carbon laws

The UK Government have said that they will be introducing laws to cut carbon emissions to zero, after they had promised at the COP21 conference in December to reduce carbon emissions by at least 80% by 2050. However, critics have said that the UK are failing to hit current targets which are much lower.

Have oil prices bottomed out?

With oil prices rising sharply over the past couple of weeks, many are wondering if the price has bottomed out. In early February the price of Brent Crude Oil hit $28 per barrel, however talks of an output freeze between the Saudis and Russia has fuelled a sharp recovery, with prices opening on Monday the 14th of March at just over $40 per barrel.

Possible £8 billion savings per year for the UK

It has been revealed that the UK could be saving up to £8 billion a year on energy if it was to implement nationwide smart energy. The National Infrastructure Commission (NIC) laid our their vision of the future of the UK’s electricity network, which included more links to mainland Europe and a much larger capacity to store energy.

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