Will energy be a key political battleground in 2024?
npower Business Solutions
Sharing information and opinions about the issues affecting medium to major energy users, generators and consultants.
Welcome to the January issue of Energy Bulletin. This is your monthly round up of all the latest news to help you navigate the complex energy market, providing helpful insight so you can plan your energy strategy in the most effective way possible.
In this first edition of 2024, we cover:
A view from our COO
This year, the UK will head to the polls.
While the date of the General Election has yet to be confirmed, the main political parties are already starting to sow the seeds of what could feature in their manifestos later this year.?
Will energy continue to be a focus? And, will net zero be the priority it needs to be, or will it slip down the political agenda? In a new blog , Anthony looks at what we know so far, whether energy will become a key political football during the election, and what this means for businesses. ?
Energy update: the untapped power potential of independent generators
Last year, we launched a report, ‘ The power potential of independent generators: How to sell your power to meet business demand for renewable energy’ .
In it, we looked at the important role independent energy generators play in helping businesses make the switch to homegrown renewable energy, as well as the types of Power Purchase Agreements (PPAs) that they can use to sell their power to corporate buyers.?
If you haven’t downloaded your copy yet, our new video below explains more.
Three key things to read and watch this month
2024 wholesale energy market: five key price drivers
What is likely to have the biggest impact on wholesale energy prices in 2024?
领英推荐
Historically, geopolitical influences have had an enormous bearing, as we witnessed with the Russia/Ukraine conflict. And while energy supplies are flowing - for now - any issues with major gas supply routes could cause increased price volatility.
But, this is only part of the picture. Here, Andrew Crabtree shares the top five key energy drivers that his team will be monitoring this year that could impact businesses.
Power market liquidity deadline is imminent?
Power market liquidity in the UK has been steadily declining, and it’s been suggested there are four main factors influencing this.
We, along with other energy suppliers, have lobbied Ofgem to urgently reform the UK power market liquidity to protect the industry and ensure businesses are getting fair prices for their energy.
Two years on, and Ofgem is seeking the views of businesses in order to assess whether interventions could be required. There is only two days left to have your say.
Thomas Paul will help you understand more about liquidity and how your input is key to shaping policy decisions, in our recent blog .
New kit on the block?
For the world to achieve a ‘net zero’ position, renewable power will need to supply 90% of our global electricity needs, according to the International Energy Agency (IEA).
But did you know, the majority of this emissions-free energy is currently produced by hydro-electric power and it generates more electricity than all other renewable sources combined?
However, that's all about to change. Read our latest blog to find out which technology will take over, and whether it'll help us hit that 90% renewable power target.