October Highlights: Autumn Budget, CCA Scheme Updates, NESO Guide, CCUS, CSRD and more

Welcome to Energy Advice Hub Highlights: essential reading for carbon-conscious organisations.

Every month, we’ll handpick the best content from our Energy Advice Hub, a free resource that’s helped thousands of organisations with their energy and net zero challenges. The Hub is entirely funded and supported by Sustainable Energy?First.

Rachel Reeves made history as the first woman to hold up the Chancellor of the Exchequer’s red box. But will her Budget for autumn 2024 be memorable for other reasons? Here’s your quick summary of what it means for UK businesses and the energy sector.

The government has published its plans for a new Climate Change Agreements (CCA)?scheme, offering tax incentives for industrial energy efficiency. Here's everything you need to know about the latest changes.

A coalition of energy experts warns that the UK is dangerously underprepared for a future energy crisis. A report from the Energy Crisis Commission, published on 15 October 2024, says that our heavy reliance on gas makes us “critically vulnerable to spikes in global fossil fuel markets”.

Hundreds of international businesses joined the UK Investment Summit this month, which aims to support the UK's growth strategy, including conversations around decarbonisation technologies. Looking towards the future, this article covers what role CCUS will play and what “a new era for clean energy investment and jobs” actually means.

Since 5 January 2023, large and listed companies in the EU have been?required?to align with the Corporate Sustainability Reporting Directive (CSRD). The directive updates business requirements for reporting on social and environmental information. We’ve highlighted the need-to-know information for businesses in our latest guide.

The UK government has launched a consultation and a call for evidence on the Capacity Market (CM) to strengthen the security of electricity supply while enabling decarbonisation. The Department for Energy Security and Net Zero are running these two efforts simultaneously. Both opened on 15 October 2024 and are scheduled to close at 11:59 p.m. on 10 December 2024.

Bonus:

The UK’s National Energy System Operator (NESO) launched at the start of this month. Still wrapping your head around what it is and what it means for energy users? This quick guide will cover how NESO is different from ESO and what the change means for industry.

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Whether you're looking to comply with low carbon policy or accelerate your net zero journey, we've got hundreds more articles to help. Explore our Energy Advice Hub for more info, or speak to an expert by getting in touch with us at Sustainable Energy First.