Recent research by Deloitte has predicted that electric vehicles will achieve cost parity with conventional vehicles as early as 2021 in the UK. Deloitte expects the global adoption of EVs to accelerate greatly in the coming years, with as many as 21 million being sold each year by 2030. The pace with which the technology is developing highlights the speed at which local authorities need to engage with this agenda and be in a position to provide effective infrastructure in the near future.
The recent demise of Economy Energy with 235,000 customers, highlights the difficulties of entering and surviving within the energy supply market. Ofgem are currently consulting on changes to the licensing regime for suppliers.
On the 1st January 2019, the Ofgem Default Tariff Price Cap came into effect with mixed reactions across the industry.