Industry News

By: Steve Atkins – Principal Consultant, Consultus International Group

Prime Minister Rishi Sunak made an announcement at 4:30pm on Wednesday 20th September 2023 regarding a shift in the government’s green policies that could see a watering down of some key deadlines ahead of the 2050 Net Zero target. Ahead of the policy announcement, we take a look at what is being discussed and look at the implications for the wider UK economy of such large-scale changes.

The UK’s Department for Energy Security and Net Zero (DESNZ) last week launched a new online platform to assist SMEs in their journey to become Net Zero. The website, called the UK Business Climate Hub, allows businesses to access advice to help reduce energy costs and to reduce carbon emissions, providing support across a range of sectors.

By: Steve Atkins - Principal Consultant, Consultus Interational Group

In a government press release this morning, the UK’s Energy Security Secretary, Grant Shapps, has announced a further £22 million of government backing into renewable projects via the Contracts for Difference Scheme. The additional spending takes the budget to £227 million for the upcoming auction, which the government hopes will make the UK the “first choice” for investors

Please note that the deadline to apply for this scheme has now expired since 25th July 2023.

The Chancellor of the Exchequer, Jeremy Hunt, has today unveiled the government’s spending and tax commitments for the coming years, with implications for personal and business finances alike. As one of the key drivers of inflation, energy was unsurprisingly one of the salient topics covered.

As part of the Review of the Impact of a Gas Supply Shortage on Electricity between January 2021 and March 2022, BEIS has worked with industry partners to assess and amend the classes of customers to be prioritised in the event of a local or network gas supply emergency.