Posts Tagged gas

greener (cheaper) power

How much can you realistically save on your utility bills?

It’s always worth thinking about – cos it all adds up. You don’t need to be a money saving expert to do this. Just do a quick Google search for stuff like ‘saving electricity’ or ‘saving energy’ and there are plenty of sites with a lot of good information on them about keeping your use of energy to a good budget level. Lights, television, washing machine, kettle, shower, bath – all of these are necessities in the modern world, and all of them are areas where savings can be made. And then of course there is the environment, which benefits too.

Ensuring your energy use is kept in check leads to cheaper electricity and gas bills, and in this time of recession, we need all the savings we can get.

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Tax Break Releases Scottish Gas

Scottish Gas Boom

The oil and gas industry in Scotland is to benefit, along with the rest of the UK in receiving huge tax breaks. The tax break plan has been drawing up so it will attract new investment in the oil and gas industry around the UK. Scotland will see a lot of benefit from this as it still has undeveloped areas around the Western Isles.

British Oil and Gas Rigs to Benefit

British Oil and Gas Rigs to Benefit

The news could trigger a massive rush of investment totaling 14 billion pounds, spread out over the next ten years. Scotland still has remote gas fields in the west of Shetland and the likes of these sites will see most of the investment.

Scottish Saltire

Scottish Saltire

Good old Scottish gas will keep the country going for a while yet, but these sites have never got the investment they need due to tax reasons. It was the Chancellor (Alastair Darling) himself who announced the tax break, that will see a £1 billion tax boost that will hopefully put the wheels in motion for investment and production of more Scottish gas.

Alastair Darling

Alastair Darling

Another plus side to the plans on producing more Scottish gas, is the news that it will create up to 600 jobs, and further more spin off jobs, throughout Scotland. The oil and gas services business around the UK will see the biggest impact.

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Tendering for Energy in the UK

UK Tender Negotiating Issues

Energy Tendering Process

Energy Tendering Process

Over the last couple of years the dramatic inflation of wholesale UK energy prices is making businesses re-evaluate their latest procurement arrangements. With the uncertainty in the global market and economy the energy companies are taking a step into the unknown in regards to gauging future gas and electricity tendering energy procurement contracts.

The market:

It has been widely reported that more than halve of all energy companies are paying over the odds for their utilities due to many reasons, One of the major scenarios of this is because there is no certainty about costs, contracts and price formatting from major suppliers. Another reason as to why various businesses are paying over the odds is due to the confusion of supply contracts being terminated. This results in companies having to pay excessive charges.

Once again companies will have to rely on the government to clarify what’s what when it comes to negotiating energy supplies into the UK from foreign countries.

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UK Green Power Expansion

The UK government have finally announced the details of their commitment to renewable energy. Whether or not these targets are attainable is another matter. However, from our point of view, any focus at all on this issue is to be welcomed. If this can be the start of the green energy revolution then hopefully in the future we will power our homes with cheap electricity and gas from clean sources.

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