Is Ofgem’s Non-Domestic Market Review good news for businesses?
npower Business Solutions
Sharing information and opinions about the issues affecting medium to major energy users, generators and consultants.
Welcome to our latest issue of Energy Bulletin. This is your monthly round up of all the latest news to help you to navigate the complex energy market, providing helpful insight so you can plan your energy strategy in the most effective way possible.
In this edition, we cover:
A view from our Director of Corporate and Strategic, Sally Phillips
The next phase of Ofgem’s Non-Domestic Market Review (NDMR) is due to start on 1 October 2024, and the final phase has been confirmed for 19 December 2024. These will see an extension of third party intermediary (TPI) commission transparency to all businesses, and the introduction of Small Business Consumer (SBC) classification.?
Sally discusses how the forthcoming changes will benefit businesses in her new blog.
Why data and metering is a business essential
From the smallest business to the largest corporation, every organisation needs an energy meter. It is a vital piece of technology that has a direct impact on both the amount a business pays for its energy, and its carbon footprint.?
With major energy market changes on the horizon, knowing which meter to install, how to appoint a Meter Operator (MOP) and Data Collector (DC) services provider, and how to analyse your energy data, has never been more important.?
Watch our latest video from data and metering specialist, Zoe Burdett, and pre-register for our new guide that outlines why your data and metering service is a business essential.
Three things to read this month?
How businesses can mitigate energy costs through decarbonisation
Rachel Cary from Energy UK joins our team of energy experts for our forthcoming Energy Insight webinar, where she’ll share valuable insights from her role as Head of Business Decarbonisation.
With businesses under pressure from rising energy costs – fuelled by increasing green levies and network charges – decarbonisation can slip down the priority list. However, Rachel will demonstrate how it can help to reduce energy costs and save your business time and money.?
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You can hear what Rachel has to say, along with other presentations including Labour’s plans for energy and a non-commodity charges update, by joining us on Thursday 3 October at 10:00am.?
You can register here.
Foresight versus hindsight: a review of energy market predictions
Did the energy market behave as anticipated this summer? Find out by reading our latest blog from our new Optimisation Desk recruit Ellen Rafferty, as she compares analysis of the market drivers and price movements predicted by the team in our Summer 24 Outlook Paper with what actually occurred.
Ellen also looks at the situation as we head into winter, with healthy levels of European storage taking the pressure off gas prices – at least for now. There’s also a link to register to receive the forthcoming Winter 24/25 Outlook Paper.
Learn more here.
Make an impact on energy policies with us
Do you want to have your say on the energy and net zero policies that do - and those that don’t - work for businesses?
Our campaign - the Red Tape Challenge - is bringing together the views of business to inform the new Labour government what is needed to achieve your energy and sustainability ambitions.
Our 2024 Business Energy Tracker outlined these top asks:
But, what else can be done? We believe businesses will play a vital role in the low-carbon transition, so join our campaign to make sure your voice is heard.