Energy Prices

Further to Torse’s recent efforts to elicit from Chris Huhne (UK Energy Secretary) the government’s strategy to wrest control of UK Energy supply from oligopolistic suppliers; out rolled the stock response of a current review and paraphrased abstract from Ofgem’s remit relating to protecting consumers and ensuring proper competition and wholesale power liquidity.

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Chris Huhne, UK Energy Secretary, has recently taken some time for a Q&A session in today’s Financial Times. When we at Torse found out about this arrangement, we jumped at the chance to ask the Coalition Governments energy expert a question or two, here’s how it went:

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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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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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