December 2024 Newsletter
TEAM (Energy Auditing Agency Ltd.)
TEAM is the UK’s leading supplier of carbon and energy management solutions
Welcome to the latest Net Zero, Carbon Reduction, and Energy Management news updates
The backbone of a Net Zero Strategy: The Carbon Reduction Plan
A detailed carbon reduction plan is essential in outlining the steps necessary to reduce carbon emissions and to provide a structured approach to achieving sustainability goals.
In this blog, Timothy Holman, Head of Consultancy, explains why a carbon reduction plan is crucial for supporting public and private sector organisations’ long-term carbon reduction strategies.
What will the Energy Performance of Buildings reform mean for organisations?
If you have experience in owning or occupying a building, you probably have had to get an EPC, DEC (if it is a public sector building) or an Air Conditioning Inspection (TM44) for it.
The UK Government has announced they have opened a Consultation on the Energy Performance of Building reforms (EPB). This consultation is due to close on 26 February 2025.
How Energy Performance Certificates (EPCs) may change with the Energy Performance of Buildings reform
The Government has a vision for a reformed EPB framework that enhances progress already made in improving the overall framework that supports EPCs.
This reform aims to improve EPCs, DECs and TM44 inspections and update the framework to reflect modern policy objectives, make the regulation work better for businesses, and ensure the system works for UK markets.
How the redesign of air conditioning inspections can support your organisation’s energy efficiency
As part of the Energy Performance of Buildings (EPB) reform, which is currently under consultation, the UK Government is looking to improve the framework used for air conditioning inspections (TM44).
Air conditioning inspections are mandatory inspections which must be carried out by an accredited air conditioning energy assessor every five years on systems with an effective rated output of more than 12kW. Alongside an inspection, the energy assessor will also provide recommendations to improve the performance of the systems to save energy and reduce operational costs.
Reforming the EPB framework: What it means for Display Energy Certificates (DECs)
The Energy Performance of Buildings (EPB) Framework was introduced in phases from 2007, to support carbon reduction in buildings and to encourage the adoption of energy efficiency measures.
Since then, there has been a significant change in landscape on net zero and energy policy and, as recommended by the Climate Change Committee and other key stakeholders, the framework is in need of reform.
A consultation is now underway with the aim to reform to the EPB regulations in England and Wales and bring changes to the way Display Energy Certificates (DECs) are managed and utilised.
The latest news coming out of TEAM
TEAM Energy meets significant milestones in Carbon Reduction Strategy for 2024
As an energy and carbon management consultancy, we set out to reach net zero by 2030, twenty years before the UK Government’s target.
As an initial measure of our commitment and as part of our Carbon Reduction Strategy, we achieved carbon neutrality in 2023 through a process of offsetting emissions.
In 2024, we continued to make remarkable strides in the strategy, focusing on reducing Scope 1 and 2 emissions from our Radian Court offices. We implemented several key initiatives to enhance energy efficiency and reduce our carbon footprint.
Energy Bureau Guide
Energy Bureau services are designed to help organisation manage, optimise and streamline their energy use and expenditure. In our comprehensive Energy Bureau Guide, we explore how your organisation can unlock the full potential of your energy management strategies.
Understanding ESOS and SECR
Despite being two separate schemes, the Energy Savings Opportunity Scheme (ESOS) and the Streamlined Energy and Carbon Reporting Scheme (SECR), are both mandatory for large businesses that are in scope.
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However, many businesses may not realise that some parts of the compliance overlap. This means that companies who split out their ESOS and SECR are missing the opportunity to streamline both the work and cost involved in meeting the compliance.
What are customers say:
Our Christmas Closing Times
Merry Christmas and happy holidays from everyone at TEAM. We are available this festive season for all of your energy and sustainability management needs, so if you have any queries, we are here to help.
If you require support from our team or need to get hold of us, please visit our customer support page for the times we are available during the Christmas period.
Half Hourly Settlement Programme has been delayed
The introduction of the Market-Wide Half Hourly Settlement (MHHS) has been delayed by more than six months. The announcement made by Ofgem is aimed at ensuring a “full and robust completion” of systems integration testing for the programme.
Clean Power Action Plan: Miliband unveils planning reforms to deliver 2030 energy goal
The UK Government will remove unviable renewable energy projects from the grid connections queue and enact sweeping planning reforms to help deliver its 2030 grid decarbonisation goals, Energy Security and Net Zero Secretary Ed Miliband has confirmed.
Energy Wholesale Market Review
At the beginning of December, both power and gas markets saw overall bearish movements. However, there was strong volatility in the power market. Day-ahead gas fell 1.5% to 114.60p/th, following warmer weather conditions easing domestic heating demand. Most tracked power and gas contracts fell across the reporting period when looking at the week-on-week values seen. However, day-ahead power prices saw notable fluctuations, with prices reaching a high of ￡192.50/MWh on 11 November, the highest level seen since 21 December 2022.?
Reforms to the Energy Performance of Buildings regime
The UK Government has announced a consultation on changes to Energy Performance Certificates (EPCs), Display Energy Certificates (DECs), and air conditioning inspection reports (TM44s). The Government is committed to reforming the Energy Performance of Buildings regime, this consultation will support in understanding the best ways to change and optimise the current systems to support the UK’s 2050 net zero target.
Report: Corporate earnings to plummet 7% by 2035 due to climate risks
According to a report by the World Economic Forum (WEF), organisations will have lost 7% in earnings by 2035 due to climate risks. This loss is expected to be due to extreme weather, including extreme heat and will result in asset losses of at least $560bn per year.
UK Government launches landmark review into the economic benefits of sustainability for UK SMEs
According to a survey from Small Business Britain and BT only 24% of small businesses currently recognise the financial advantages of sustainability. The main concerns over this are due to upfront costs and uncertainty around financial benefits.
The Willow Review, which is spearheaded by Small Business Britain and supported by the UK Government, aims to uncover the benefits of sustainability practices and encourage their adoption for SMEs.
UK ‘not ready’ for extreme weather like Storm Darragh
The Government is “not ready” for the sort of extreme weather brought by Storm Darragh, the new head of the Climate Change Committee has warned.
Emma Pinchbeck, who heads the Government’s independent climate advisory body, has said that the UK is “off track” and must do more to prepare for scenarios like flooding and intense heat.
One in three investors dissatisfied with corporate sustainability reporting, survey finds
According to the latest EY Institutional Investor Survey, one in three investors globally is dissatisfied with companies’ progress on corporate sustainability reporting.
Despite a growing focus on environmental, social, and governance (ESG) issues, the survey found a sharp disconnect between investor expectations and actions.
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