The Effects of the General Election on the UK’s Energy Market – Every General Election year is the same old story as a number of industries are affected by uncertainties introduced by each Party’s campaign. For the energy market now is a moment of caution as each party has its Energy Plans.  These plans will effect the future prices of commercial gas and business electricity prices.

Labour had plans for nuclear power and renewable energy. The Conservatives said they would speed up the process of building nuclear power stations. The Liberal Democrats said renewable energy was the future.

University of Huddersfield Professor Bob Cywinski has questioned the energy and Climate Change Secretary over Government plans for green energy and future of energy generation in the UK.

Mr Cywinski told The Politics Show: “Given that it takes between seven and ten years to build a nuclear power station and given that our last nuclear power station will be shut down in the 2020s we are cutting it extremely fine.

“The next year or two is going to be absolutely crucial as to whether or not we decided to switch the lights off in 20 years’ time.”

The Professor also concluded that wind farms are never going to produce more than 10% of the UK’s electricity demand and government subsidies that are put into wind energy would be better spent on transport, which could lead to savings in petrol and lower carbon dioxide emissions.

The General Election is also affecting trading on the green energy market. Eaga, UK’s largest supplier of heating and renewable energy services warned businesses to caution shareholders that the General Election is effecting trading.

Eaga said that the election has pushed back new legislation that expected to drive new demand from costumers and also warned about a “slippage” in the award of public sector contracts, caused by the General Election.

However, Drew Johnson, Chief Executive of Eaga, stressed he was “pleased” with his company’s performance so far this year and expects demand to be boosted following the election.

One thing is for sure, we need a well structured energy plan for the next 20 years. A plan that will bring security to Britain’s energy market and help us meet Carbon Emissions Reduction Target (CERT).

Why not share your thoughts with us? What do you think is the best solution to secure the future of energy supply in the UK?

About Eaga – Eaga is a leading outsourcing company. It is the UK’s largest supplier of heating and renewable energy and is at the forefront of the carbon economy.

Related posts...

• April 19, 2010 -- Improving Energy Efficiency: (5)
  Improving Business Energy Efficiency to Meet Carbon Reduction Goals isnt easy. The credit crunch caused deep falls in business activity, energy demand and consequently carbon dioxide (CO2) emissions....
• July 30, 2010 -- British Gas Frowned Upon: (6)
  According to its parent company Centrica, British Gas profits rose by 98% in the first half of 2010 with operating profits surpassing the £580m mark. British gas who supplies gas to more than half of ...
• April 21, 2010 -- Independent Energy Broker: (4)
  Over the years the UK's energy market has become a highly competitive business thanks to an increased number of energy and gas suppliers. The independent advice offered by energy brokers and energy c...
• August 2, 2010 -- Energy Broker Services (0)
  What is an energy broker and why is this catch phrase becoming more and more popular not only in the B2B arena but also on the consumer front? The answer is simple: energy is very much sought after es...
• July 26, 2010 -- Business Energy Bills To Rise: (5)
  Business energy bills to rise due to higher gas prices. Business energy prices as well as household energy prices are set to rise as a consequence of a 32% increase in wholesale gas prices over the p...
• June 15, 2010 -- New Gas Fired Power Plant: (2)
  A couple of weeks ago Scottish & Southern Energy (SSE) announced it had met its growth expectation with a 3% rise in full year pre-tax profits to £1.29bn, but the company has delayed construction of a...

1. These plans will effect the future prices of commercial gas and business electricity prices…

   With the general election now looming, and each party having there own distinct idea on how the energy market in the UK should function. We need to keep a close eye on how these ideas will influence the wholesale marker prices in the UK and what the lo…

   Trackback by pligg.com — April 20, 2010 @ 9:48 pm

2. [...] Los efectos de la elección general de Energía del Reino Unido, Mercado – Cada año las elecciones generales es la misma vieja historia como una serie de industrias se ven afectadas por la incertidumbre introducida por la campaña de cada partido. Para el mercado energético actual es un momento de cautela, ya que cada partido tiene sus planes energéticos. Estos planes afectarán a los precios futuros de gas comercial y de negocios precios de la electricidad. URL del artículo original http://www.catalyst-commercial.co.uk/blog/latest-news/uk%E2%80%99s-energy-market/ [...]

   Pingback by Uk de mercado de la energía: — April 23, 2010 @ 5:28 pm

3. UK Energy Market & The General Election…

   The UKs energy policy will be dictated by which every party wins the general election and their view on how the future should pan out. They all have very different views on what should and shouldnt happen. Who ever wins and what they decide to do will …

   Trackback by pligg.com — April 25, 2010 @ 4:23 am

4. UK Energy Market & The General Election…

   The future of the UK energy market will be decided by which ever political party wins the general election. Their ideas and policies will ultimately decide which direction the UK energy market will go in. Will it be a new nuclear Britain or will we pus…

   Trackback by share-news.net — May 5, 2010 @ 12:00 am

5. The Effects of the General Election on the UKs Energy Market…

   The UKs energy policy will be dictated by which every party wins the general election and their view on how the future should pan out. They all have very different views on what should and shouldnt happen. Who ever wins and what they decide to do will …

   Trackback by links.coolmsgs.com — May 8, 2010 @ 2:19 am

6. UK Energy Market & The General Election…

   The future of the UK energy market will be decided by which ever political party wins the general election. Their ideas and policies will ultimately decide which direction the UK energy market will go in. Will it be a new nuclear Britain or will we pus…

   Trackback by social.weehz.com — May 12, 2010 @ 11:43 am

7. UK Energy Market & The General Election…

   With the general election now looming, and each party having there own distinct idea on how the energy market in the UK should function. We need to keep a close eye on how these ideas will influence the wholesale marker prices in the UK and what the lo…

   Trackback by pligg.com — May 16, 2010 @ 5:56 am

RSS feed for comments on this post. TrackBack URI

Name (required)

Mail (will not be published) (required)

Website

CAPTCHA Code *