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Author Archive

2
Sep

WaterAt the moment, only businesses that have at least one site and use more than 5 megalitres are able to change their water supplier in England. The water industry in England will be opened up to competition in April 2017. Therefore, from April 2017 Torse will be able to offer water supplies in addition to its gas and electricity services. Like England, Wales will also be part of the upcoming deregulation, however it is still going to be subjected to a minimum threshold. The requirement in Wales is that customer usage must exceed a minimum of 50 megalitres of water a year before they are eligible to switch supplier. Scotland was the first to have its non-domestic water deregulated in 2008. continue

Category : Legislation | Torse | Water Prices | Blog
9
Sep

Regional Electricity Price VariationTorse Limited is celebrating the end of its very successful 2015 summer internship programme. This is an experimental scheme, run in conjunction with the University of Nottingham, to encourage students to look graduate employment opportunities in the East Midlands.Torse is one of the UK’s leading independent energy brokerage and consultancy organisations, having placed over 100,000 business energy contracts since 1994 and providing hundreds of ongoing clients with support for their billing, payments and contract obligations. continue

Category : Carbon Emissions | Legislation | Personnel | Torse | Blog
13
Aug

Pick Lock Big Six ImageMany would agree that the monopoly of the Big Six on the industry is in serious need of re-assessment and Ofgem believe that greater market liquidity is the solution – this will allow more suppliers and generators to enter the market resulting in fiercer competition. As a result of pressure to increase market-liquidity from smaller market players, Ofgem released its report on ‘Wholesale power market liquidity: final proposals for a ‘Secure and Promote’ licence condition – Draft Impact Assessment’ 12th June 2013. The proposal made the following key recommendations:

  • Facilitating entry and competition by smaller suppliers using the Supplier Market Access (SMA) rules
  • A change to license conditions forcing major power generators to release intended trading prices 2 years prior to delivery allowing small competitors to hedge in the forward wholesale market
  • Significant fines to major firms who do not sell and negotiate fairly at all times – enforced deadline to ensure they acknowledge and respond to requests by smaller suppliers to buy energy and they will no longer be able to refuse those deemed reasonable
  • An investment of £4m total set up cost and annual ongoing cost of £14m. continue
Category : Electricity Prices | Energy Companies | Energy Prices | Gas Prices | Blog
26
Jul

Green DealThe Climate Change Act 2008 legislated for a reduction in our carbon emissions and set legally binding carbon budgets across all sectors of the UK economy – including our homes, communities and workplaces and as part of this the government has made a pledge to reduce carbon emissions by 34% (of 1990 levels) by 2020 and 80% by 2050. UK domestic buildings are among the least efficient in the world and account for 38 per cent of the UK’s total greenhouse gas emissions. The Green Deal scheme has been set up by the government to make improvements in the efficiency of these buildings more accessible to the general population and aims to do the following:

  • Reduce the demand for energy
  • Reduce dependence on imported fuel
  • Meet carbon reduction targets
  • Achieving affordable warmth
  • Avoiding upfront cost

Applied to the process of improvement is the “Golden Rule” – which ensures that repayments for the work completed to improve energy efficiency do not exceed the savings made by these improvements. So in effect, this is a medium to long term solution in terms of financial savings but has an immediate effect in terms of carbon reduction. continue

Category : Carbon Emissions | Going Green | Legislation | Blog