Archive for July, 2012

Mark Johnson, a director of Torse Ltd, is interviewed by Maria Loreto Urbina regarding the current energy market in the UK with regards to pricing fluctuation, long term contracts and advice for existing and new clients wishing to renew their energy contracts

Video Content

Here is a brief summary of issues discussed

• 0:00 > 2:00 | Current energy prices and predicting the future
• 2:00 > 3:30 | The key players and energy company behaviour
• 3:30 > 4:20 | How Torse finds the best deal, advises and provides informed quotes
• 4:38 > 6:10 | Safe advise and secure deals with, ideally, fixed term contracts
• 6:10 > 7:45 | Negotiating with suppliers and serving notice in advance of renewal
• 7:45 > 8:40 | If left too late or contracts are not correctly established things can get more expensive
• 8:40 > 9:46 | Clients could complete contract process but requires considerable experience / time
• 9:46 > 10:37 | Clients sometimes compare to old prices
• 10:37 > 11:46  | If you delay the contract process and wait for best price, you could lose any savings

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What is E.on up to at the moment in the SME commercial energy market? Is there something sinister about E.on’s current behaviour? What’s it all about?

Over recent months E.on’s SME division have been sending out documentation to Brokers, Consultancies and sales agencies for signature relating to a ‘Code of Practice’ and a new ‘updated E.on contract’. Despite the increased efforts of Ofgem and the government to improve market liquidity [Big 6 forced to sell 25% of generation on wholesale market], some energy companies are still making efforts to erode the independent status of third parties; is this to be considered anti-competitive behaviour?

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