29 September, 2022 – Businesses throughout the UK could be on the verge of irreversible consequences as a result of the energy crisis currently gripping Europe. Support schemes are in demand from both governments and energy suppliers to mitigate impacts.
29 September, 2022 – Energy bills have surged after unprecedented rises in wholesale energy costs and wider inflationary pressures increasing non-commodity costs. The impact of such increases will be particularly felt by businesses with existing agreements coming to an end or those already on out of contract rates.
27 September, 2022 – The UK government has committed more than £15 million in funding to encourage heat pumps cheaper and easier to install. The hope of such funding is to accelerate the UK’s move towards Net Zero.
27 September, 2022 – Opposition leader, Kier Starmer, has announced his party’s ambition to launch a publicly owned renewable energy company if Labour wins the next general election. Upon announcing further details of the plan, Starmer used France’s EDF and other state owned organisations operating in the UK as examples to follow.
23 September, 2022 – Plans are being put in place to ease planning requirements for onshore wind farms, putting onshore wind planning policies in line with other renewable technologies. This is likely to increase the deployment of onshore wind by making it more straightforward to receive planning permission as well as aid with lowering bills.
23 September, 2022 – Rising energy costs has had an impact on the efforts of SME’s looking to decarbonise their businesses. Therefore, in order to offer support to SME’s in this situation, NatWest has entered partnership with the Federation of Small businesses to assess and offer solutions.
23 September, 2022 – With over 600 energy consultant jobs lost the UK energy crisis continues to have a devastating effect on third-party intermediates (TPIs) and energy consultants. Rising costs have led to a lack of trading liquidity in the market making it difficult to provide businesses with energy contracts. A price cap could result...
22 September, 2022 – Prime minister Liz Truss announces that the suspension of fracking within the UK has been lifted. This change was announced on the 8th of September in an attempt to help consumers and businesses with surging energy prices. These changes have been met with significant criticism by environmental organisations, opposition groups, and...
21 September, 2022 – Wholesale gas and electricity prices will be fixed for businesses for six months starting October 1st. Energy bills will be cut by half of their expected level as part of a government support package. Non-domestic energy customers will pay no more than £221 per MWh for electricity and £75 MWh for...
14 September, 2022 – Retail investors continue to back the deployment of more renewables within the UK despite the new Prime minister’s views and stated antipathy towards large-scale solar developments. Investors have increased interest in using renewables to aid with the current energy crisis and achieving net zero.
