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.
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With the recent news that Ofgem are steaming ahead with its proposals to reform the energy industry; many involved in its day-to-day operations back the initiative, yet struggle to see how the governing body plans to implement these necessary changes.

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Parts of central Europe have seen less than 40 per cent of the average rainfall from February to April in 2011. Even the wettest areas have seen less than 80 per cent of the mean for 1951-2000 according to the Global Precipitation Climatology Centre.

So what does this mean for energy production?

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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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