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.
Maybe it’s not all ‘Hot Air’ after all. The new coalition Government have now acknowledged the real value in supporting green energy production in the form of £60 million wind energy investment. Clarity of understanding is moving the government away from the required budget cutbacks from missing a real economic (albeit long-term) investment in the sustainability and security of UK energy supply.
The outlay will support the offshore wind infrastructure at port sites, to help meet the increasing needs of manufacturers looking to generate new facilities in the UK and surrounding waters. Essentially the investment will ensure that port infrastructure does not delay the deployment of offshore wind manufacturing.
Torse has recently been in contact with the Environmental Technology Centre [ETC], a research institute at Nottingham University. The primary focus of the ETC is to provide a service to Small to Medium sized businesses whereby they are able to provide up to 5 days energy usage analysis of a business in terms of their premises and practices with a report featuring advice and recommendations at the end of this process.
Looks like some good news to come out of The Queen’s Presentation to the Nation. Further to some of our comments last month (see Pirates & Energy Companies) about legislation appearing on the horizon, sailing to the rescue of not only Consumers but Business as well, looks like there will be real regulations in place. Not only that, finally, maybe OFGEM will get some teeth. The general contempt with which much of the supplier base treats businesses may be about to change.