What are the barriers to energy market liquidity? You don’t know and you don’t care? Well, maybe it’s worth a little of your attention because as business energy users, it affects you and the future of your energy supply and billing in the UK.
Economists probably have a more technical term, be it ‘closed market’ or similar but we consider the energy market to be a disfunctional one – and one that is in need of the energy brokers such as Torse, making sense of it. continue
Smart meters are due for domestic roll-out by 2018 and 2020 for commercial. The basic premise is that energy isn’t going to get any cheaper in the near future and consumers; domestic and commercial are going to have to manage their energy consumption – why? Because we’re digging the hard stuff [oil, gas and coal] out of the ground and the alternatives are either hugely more expensive or dangerous [e.g. Fukushima]. To enable this to happen successfully requires that the consumer is engaged in the process with the result being that they will be able to see how much, when and at what cost energy is consumed.
With 2011 proving to be a particularly turbulent year for worldwide energy prices, heads are now turning to what to expect in 2012.
With civil unrest in the Middle East unlikely to ease, mixed with increased export capabilities, wholesale prices are expected to fluctuate heavily. European leaders look likely to impose an oil embargo on Iran, with Tehran warning of rising tensions and likely retaliation.
Chris Huhne, UK Energy Secretary, has recently dismissed reports that the UK has the highest energy costs across Europe, whilst acknowledging that prices are rising both in the short and long term. He went to advise both domestic and commercial/ business customers to search the market to find the very best prices available. Given the lack of competition between many suppliers at the moment, Torse strongly agrees with Mr Huhne’s idea to ensure your business is getting the best value.