Archive for January, 2011

A recently commissioned report by a group of MPs states a new system of energy rationing is required to fully tackle fuel poverty and ensure cuts in greenhouse gas emissions across the UK.

The introduction of Tradable Energy Quotas (TEQs), where credits are issued free to all adults would “ensure fair and equal entitlements to fuel and energy”.  All surplus TEQs could be bought and sold, meaning there is no limit placed on the number of credits an individual could own. Both public and private sector organisations would be required to bid for their credits via a weekly tender.

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Further to Torse’s recent efforts to elicit from Chris Huhne (UK Energy Secretary) the government’s strategy to wrest control of UK Energy supply from oligopolistic suppliers; out rolled the stock response of a current review and paraphrased abstract from Ofgem’s remit relating to protecting consumers and ensuring proper competition and wholesale power liquidity.

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Chris Huhne, UK Energy Secretary, has recently taken some time for a Q&A session in today’s Financial Times. When we at Torse found out about this arrangement, we jumped at the chance to ask the Coalition Governments energy expert a question or two, here’s how it went:

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