Energy Companies

The London School of Economics recently published whitepaper, Energy Risk Management for UK Business, concludes that the risks associated with business energy will continue to grow over the coming years.

The report continues that the increase in financial, legislative and reputational risks associated with business energy mean that within today modern and often complex environment, organisations need to put into place strategies to reduce their exposure to potential risks.

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The ongoing recessionary influences such as fundamental cuts in government spending are patently beginning to bother the speculative scavengers – and by scavengers we are of course referring to those companies or organisations influencing wholesale energy prices. OPEC is intimating that it would be quite nice if everyone paid $10.00 more a barrel to make them feel more financially comfortable, unsuprisingly this was pounced on by the market with new highs.

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Businesses, the media, trade associations and intermediaries representing businesses have all been moaning (justifiably most would agree) about the increasing power of the Big Six energy companies. In practice, against the background of fairly arduous economic situation for all, suppliers have been ‘digging in their heels’ and now their strategic positioning; it’s no longer about acquiring new customers, rather squeezing increasing margins out of the ones that they already have and of course dumping customers where the required margins are missing.

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Whilst the new Torse head office building could accurately be described as ‘old’, as they are Grade II listed buildings in the revitalised Lace Market area of Nottingham City Centre, we are excited about our new workspace in this vibrant area. A fair amount of preparation needs to be done first and but we will be moving into these attractive new premises soon! The move reflects an opportunity with the much increased space to build our client and supplier management teams, our data management and sustainability functions to enhance the levels of proactive support for Clients. There will be improved training and presentation facilities for internal activities and client and supplier visits.

Torse has been working in conjunction with ETC, The Environmental Technology Centre at Nottingham University, to balance Energy Management wishes with Conservation Area requirements. We have also been in discussion as to whether the Torse building could be linked into the Enviroenergy heating and energy network, although this may be a longer term project.

We will update you with more news and images soon. We look forward to meeting you at our new premises!