Business energy

Environmental taxes to rise by £12.6bn

The UK Chancellor Philip Hammond announced the spring budget last week and with it a number of policies which effect the energy industry. The UK will be making a transition into a low carbon economy, which will cost around £12.6bn by 2020 and the government plans to recover this money by increasing environmental taxes.

UK to double the amount of electricity it receives from France

It has been announced that the UK will double the amount of electricity it receives from France after plans to build a £1.1 billion cross channel cable was given the go ahead. The cable will be privately funded and will run from near Portsmouth in the UK to Le Havre in France.

The company behind the investment have said that the cable will come online in 2021 and will supply the UK with up to 2 gigawatts of electricity, the equivalent of the power for up to four million homes.

Smart energy set to have a huge impact on the UK’s energy system

The National Grid has talked about a smart energy revolution in recent weeks, but what is smart energy and how will it have an affect on the UK’s energy system? In recent years technology advances in the energy industry have been accelerating dramatically and it is hoped that these advances will reduce the UK’s need to build more power stations.

What is smart energy?

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.

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.

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.

Could a British EU exit cause an energy price increase?

Energy Secretary Amber Rudd will say that leaving the EU will cause a massive increase in energy prices. She will be citing a report by the National Grid which outlined what would happen if the UK was to leave the EU and loose access to the Internal Energy Market (IEM).

Business energy ‘red tape’ to be cut by the government

Energy industry stakeholders have stated that a lack of direction is costing the industry investment and also resulting in lost opportunities. The Government has said that they will address this and consult with experts from within the industry.

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.

Is the UK facing a power supply crisis?

The UK Government announced in 2015 that it will be closing its remaining coal power stations in favour for cleaner gas power stations by 2025. This was a popular decision, with coal power stations accounting for a very large part of the UKs carbon emissions. However The Institute of Mechanical Engineers (IMechE) believe that the plans have been rushed and are currently unrealistic.

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