Gas Prices

Whilst some of this may sound familiar to many of you subscribed to our news feed, we probably need to keep highlighting the unfair nature of the non-competitive business electricity and gas markets so when the opportunity comes along to voice your opinion or push for change you are aware that it is still an issue yet to be addressed in fairness to business customers.
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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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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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