Author Archive

2014 is set to be an interesting year for the energy industry. Why?…because that is the yeat that Smart Metering begins to roll out to all households and businesses in the UK. You will experience the change as both a business and domestic consumer.

Guaranteed Savings!

Not so fast. The introduction of Smart Metering is percieved by some as the start of reduced bills thanks to more real time data and the ability to understand your usage on a daily basis. Well, sorry to disappoint but the emphasis will still be on the business or household to use the live data to monitor and assess where bills can be reduced by switching off, conserving and limiting energy use. Switch off that light, wear a little more clothing in the office so the heat can be turned down a notch and ensure that PC monitors are energy saving with PC’s that are easily turned off.
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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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The Olympic Flame passed within metres of Torse offices in Nottingham’s Lace Market yesterday evening around 6.40pm. Some members of Torse staff took the opportunity to watch from the third story whilst others stood at ground level and watched the flame literally pass the front door.  Jane Torvill and Christopher Dean were due to appear with the flame in the city centre and were whisked along in a police vehicle along with the coaches and floats associated with the torch relay. High Pavement was the final stretch of the route to Market Square in Nottingham, where the torch relay would conclude for the day.