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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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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