energy Archives - Reidsteel Structural Engineering

21 09, 2022

Energy price cap – John Reid & Sons (Strucsteel) Ltd comment

James Tourgout2022-09-21T13:25:20+01:00September 21st, 2022|Categories: News|Tags: business, energy, price cap|

Simon Boyd, managing director of John Reid & Sons (Strucsteel) Ltd, said: “The price cap is to be broadly welcomed as it is significantly less than the rate we have been quoted by industry suppliers although it is still an increase of 100% on our current cost.

“On the face of it, it is more bearable although it is incredibly important that the supply chain passes all of the savings on. If so, I am confident that the price cap will prevent an immediate increase over the next six months after which time it is inevitable that more support will be needed unless conditions in the energy market change.”

Simon added: “Certainty is absolutely vital in business and we will be lobbying at the highest level to ensure companies in the most energy intensive sectors which are so important to the national economy and UK plc, such as steel and manufacturing, receive the support necessary beyond the six-months limit of the cap in order to survive, invest and grow.”

The price cap in wholesale prices is £211 per MWh of electricity, and £75 per MWh for gas for six […]

8 09, 2022

Energy support package – reaction comment

James Tourgout2022-09-08T18:09:40+01:00September 8th, 2022|Categories: News|Tags: business, energy, Liz Truss, Simon Boyd|

Simon Boyd, Managing Director of John Reid & Sons (Strucsteel) Ltd, comments upon energy support measures announced today:

“Our new Prime Minister’s intervention to freeze energy costs is clearly welcome although it would have been preferable to see the timescale expanded beyond six months for businesses.

“Capping energy costs at the same price per unit that households pay will help and it will be useful to see more details about this in order to gain greater clarity for budgeting over the coming months.

“It is encouraging to see further support promised for vulnerable sectors beyond the initial six months’ package based on a review this autumn, during which time I will forcefully be pressing the case for manufacturing and the steel industry.

“Overall, the new Prime Minister has recognised the necessity of tackling the underlying causes of the energy cost crisis which is critical for the long security of our energy supply and economic resilience to ensure our country is self-sufficient and not at the mercy of international markets or events.”

ENDS

7 09, 2022

Congratulations to new Prime Minister… and call for action

James Tourgout2022-09-07T11:41:25+01:00September 7th, 2022|Categories: News|Tags: energy, Liz Truss, PM|

Simon Brexit, REIDsteel, business, Dorset, steel, construction, structural steel, cladding, glazing, design, manufacturing, engineering, structural engineering, fabrication, Boyd, Managing Director of John Reid & Sons (Strucsteel) Ltd, said: “Warmest congratulations to Liz Truss on becoming this country’s new Prime Minister.

“She has my full support and I feel certain that she is going make some radical changes which will benefit British businesses and their people.

“Clearly there is absolutely no time to waste in addressing some of the most pressing challenges facing businesses, not least the soaring cost of energy where the government will need to intervene without delay.

“Decisive support is urgently needed from our Prime Minister and her new government for businesses, especially small and medium sized firms which are the backbone of country’s economy and are among those most seriously affected by unsustainable rises in energy costs.

“I have been lobbying at the highest level for SMEs and UK manufacturing, particularly for the steel industry, and in my role as a member of the CBI’s manufacturing council and through the Dorset Chamber.

“The Dorset Chamber has been lobbying hard nationally and […]

so why not pick up the phone and we'll get you connected with the best person for the job.

If you'd like to visit us in person we are located centrally on the south coast - just click on the map for our location and travel directions.

It doesn't matter which country you live in - Over the past 90 years we've shipped to and built our structures all across the globe, even in some of the remotest locations imaginable!