Is achieving energy security and net zero a reality? Or is it just wishful thinking?
npower Business Solutions
Sharing information and opinions about the issues affecting medium to major energy users, generators and consultants.
Welcome to the first Energy Bulletin. This is your monthly roundup of all the latest news to help you to navigate the complex energy market, providing you with helpful insight so you can plan your energy strategy
In our June issue, we cover:
Energy market update: what’s happening with prices?
Energy prices have become the hot topic for businesses over the last two years. Navigating how multiple factors, including geopolitics, government policy and the weather, impact the price you pay has never been more challenging.
Here, our Portfolio Manager, Sam Bannister, outlines what’s happening with energy prices, and if this is the new norm.
As Sam mentioned, our new ‘Wholesale Energy Prices’ report is now available to download here.
Three things to read and watch this month:
Time is running out for ETIIs to apply for the Energy Bills Discount Scheme
Is your business an Energy and Trade Intensive Industry (ETII)? If so, did you know that there is a time limit on applying for the enhanced discount under the Energy Bills Discount Scheme (EBDS)?
Eligible businesses have 90 days to submit their application from when the scheme opened on 26 April 2023, which means that, if you haven’t applied by 25 July 2023, you could be missing out on additional support for your energy invoices.
Our Head of Commercial, Ben Whitelam, recently explained more in this video:
The latest energy news in under 60 minutes
Did you miss our Energy Insight webinar? If so, don’t worry, it’s available on demand.
In it, we cover:
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Powering business: making the most of your energy generation asset
Did you know? We work with over 100 independent energy generators in the UK to help them sell their power to business energy buyers. We provide a range of fixed and flexible Power Purchase Agreements (PPAs) for a huge variety of generation assets, from solar photovoltaic (PV) to biomass.
If you own an energy generation asset and are looking for the best route to market for your power, our free guide, ‘Energy Generators: Making the most of your generation asset’ is ready to download.
View from our COO: Anthony Ainsworth
When it comes to energy, we’re often blinded by numbers from the policymakers in Westminster.
All of these - plus many, many more - are ambitions that were outlined in the recent Energy Security Plan and Net Zero Growth Plan, which were published by the UK government at the end of March 2023.?????????????????????????????????????????????????
While these ambitions are undoubtedly needed, we are also dealing with different numbers from our business customers in the here and now. Our 2023 Business Energy Tracker revealed that 64% said the cost of energy is their biggest risk this year.
91% said their board was concerned about energy, and 86% of businesses said that the percentage of business costs they spend on energy had increased over the past year. These figures show the huge impact the energy crisis has had, and continues to have, on the bottom line.
The fact is, that to achieve energy security and stability, the government needs the backing of business. 70 GW of solar capacity is a big number and can only be achieved by harnessing the potential of commercial rooftop and land. Net zero by 2050 relies on the investment by businesses in the measures required to reduce emissions.?????? ??????????????????????
So, to make energy security and net zero a reality, more needs to be done to help businesses to give them the confidence to invest. And, this is not just a supply issue. Businesses also need the support to reduce overall demand
Is achieving energy security and net zero wishful thinking? I hope not. But, businesses will be crucial to making it a reality.