Energy Companies

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.

Disfunctional Market

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

Haven Power it seems have taken an Autumnal leaf out of the fashion industry’s book lately. They have taken the view that if you continue offering the same product year after year, season after season, interest can stagnate and relying on the simple core demand for your product is not sufficient in what is becoming a much less straightforward energy marketplace. So, as we head into Winter, Haven are announcing a whole new line of products that they are enthusiastically parading down the proverbial catwalk of the UK business energy marketplace.
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The usual problems that consumers face when are dealing with suppliers are: Lack of clarity on tariff structures and bills: inaccurate meter readings; lack of communication regarded to contract rollover and renewal letters; complicated paperwork and procedures that the consumer does not understand. Ofgem have reported that one of the most significant factors affecting the way suppliers behave is the fact that ‘The Big Six’ control the majority of energy supply and associated contracts in the UK domestic and non-domestic energy market. The Big Six are of course, British Gas (20 million business and domestic customers), EDF Energy (5.7 million domestic customers), E.ON (5.3 million customers), npower (6.5 million business and domestic customers), Scottish Power (5.2 million customers), SSE (9.6 million customers). Unfortunately there is no end in sight to this unhealthy oligopoly but there are ways of ensuring that your own dealings with these companies ensure you have the maximum choice and opportunities to save money. continue

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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