Each year sees new developments in the fast-moving energy sector and 2012 has been no different. From the latest technology to the impact of natural disasters on suppliers and customers, there has been a dramatic change in the way businesses deal with their fuel provision – which has a knock-on effect on demand, supply and price.
A number of high-profile stories affecting the energy industry hit the headlines this year. From existing superpowers like America suffering the effects of Hurricanes Sandy and Isaac, to the latest industrial giants, India and China, being subjected to a reduction of carbon use, the constant development of renewable and alternative energy sources is a global issue.
The US Elections and candidates’ energy promises were discussed in detail in a previous blog, with Barack Obama finally winning the Presidential race. In his pre-election manifesto Obama called for greater Governmental investment in clean and renewable energy to reduce both carbon emissions and the country’s dependence on foreign sources of energy. The race to the White House itself was disrupted by Hurricane Sandy, which saw the effected states utility companies battle to restore power to businesses and homes hit by the super storm.
In October the Government announced it was now looking to improve the security and efficiency of business gasÂ in the UK by carrying out a new consultation on renewable heat.
Then in November a bill was passed promising to provide low-carbon energy at affordable prices. This means SME businesses can now apply for loans with a no-upfront-investment policy which means in 2013 employers can seriously think about making the switch to cheap, clean and efficient energy.
The emergence of â€œfrackingâ€ as a potential solution to energy shortages hit the headlines in December. Although fracking has been commonplace in the United States for a while, it is still a relatively new idea in the United Kingdom. Fracking, short for â€œhydraulic fracturingâ€, refers to injecting a highly pressurised fluid into rock channels, causing the release of petroleum, shale gas and more.Â It has become a more popular option as it is believed that the UK could be sitting on a huge reserve of untapped energy.
If you’re an employer and you’re looking to switch in 2013 to help save money on your business energy,Â then visit Energy Made Simple on the British Gas business website for top tips and advice on how to manage your gas and electricity needs. Happy New Year!