Author: Innovative Energy
Articles by: Innovative Energy
Clients are continuing to reap the rewards of lower prices in the energy markets, securing contracts which save them thousands of pounds a year. Since the prices began to fall earlier this year, businesses which are approaching their contract expiration date have been able to benefit by securing new...
The Government has confirmed it will aim to deliver a simple, fair and more efficient tax environment for businesses which would minimise burdens and improve incentives to invest and grow. This will begin with a review of the business energy efficiency tax landscape, which will consider approaches to simplifying...
Chancellor George Osborne delivered the government’s Summer Budget in the Commons on 8 July, introducing a number of important reforms for the energy sector. Most significantly, Mr Osborne confirmed the removal of the Climate Change Levy (CCL) exemption for renewable electricity. The CCL is a tax on energy delivered...
Seasonal power and gas contracts fell further in July, reaching record lows. Worries over winter gas storage levels were offset by decreasing oil prices, a stronger pound against the euro, and news that an additional 15bcf of gas storage capacity had been approved at the Rough facility. Annual October...
Businesses are being warned not to leave it too late to ensure they are ESOS compliant. ESOS regulations require all large UK companies to identify and implement energy savings opportunities, and compliance involves undertaking comprehensive assessments of energy use and efficiency opportunities once every 4 years. Participants of the...
The Government announced in June that it was to open the second phase of its Electricity Demand Reduction pilot. This £6m scheme is intended to assess whether projects that deliver lasting electricity savings at peak times of consumption could, in the future, compete with generation, demand-side response and storage...
The system operator National Grid has taken steps towards ensuring the security of the GB’s electricity supplies for the coming winter. The company announced on 3 June that it had secured an additional 2.56GW of electricity reserve for winter 2015-16, in order to help ‘keep the lights on’ in...
Annual power and gas contracts were down in June. The annual October ’15 gas contract initially rose, reaching a high of 47.0p/th before falling to an average of 46.0p/th, 1.5% lower than in May. The initial rise was due to worries over the imposed Groningen production cap, limiting the...
We have now begun the process of ensuring our larger clients comply with the government’s new Energy Savings Opportunity Scheme (ESOS). ESOS applies to businesses with more than 250 employees or a turnover in excess of €50m. Compliance involves assessing energy use and energy efficiency at least once every...
Our industry continues to be blighted by false claims and confusing statements. In recent weeks we’ve been amused and bemused at the claims some energy brokers have made about how much money can be saved by switching energy contracts. “Save 20% instantly!”“We can save you £2,500 a year!” These...
