Energy and Utility Management Consultants

Shale Gas impacts played down, price fixing allegations probe underway

May 2013

 

Contrary to recent claims that shale gas could be the saviour of UK energy security and cause prices to tumble, a report by the Committee on Climate Change suggests that low carbon generation would have “significant economic benefits”. A low-carbon portfolio could save £25-£100bn by 2030 when compared to gas-fired generation, depending on the increase of gas and carbon prices, the CCC state.


A probe into allegations of price fixing and manipulation by oil traders got underway last week with the European Commission investigating Platts (the price reporting agency), BP and Shell and questioning several other key-players in the industry. Although no guilt has been implied, the investigations are being made to ensure that the markets are as risk-free as possible from price fixing, and that the highly volatile commodity is not influenced by rogue traders. More will be reported in due course.


Why not see how we can improve your Utility Management and help drive down your costs? With benefits such as Energy Procurement, Bill Validation and Tenant Billing, you'll find that as an Energy Consultancy we're second to none, and we regularly identify savings for our clients that can prove invaluable – for instance; a supplier had been charging a client for an available capacity of 187kVA whereas one of the initial checks we undertake when we are instructed identified the agreed capacity via the local distribution company was 100kVA.  This was queried and we arranged for a credit to be raised for the client of over £13,600. Get in touch today for a non-committal chat.

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