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Wales – A Beacon of Best Practice in Sustainable Development
in Blog
The Welsh Government has launched the ‘Energy Efficiency in Wales’ strategy 2016-26, which aims to play a major role in addressing efficiency issues and driving economic growth by supporting green jobs and skills throughout the country over the next decade. The strategy sets out the increasing need to recognise the benefits of energy efficiency and take action to reduce pressures on consumer bills. In addition, the strategy addresses fuel poverty, supports the development of a sustainable energy efficiency supply...

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The Demise of CRC – A New Dawn for Carbon Reporting?
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The Chancellor confirmed this week during the Spring Budget speech that the Carbon Reduction Scheme (CRC) will be abolished as a direct result of the Business Energy Tax Review. The CRC’s original aim was to encourage energy reduction for large scale business users but modifications to increase revenue for HM Treasury transformed it into a tax. The CRC currently delivers around £900 million of revenue to Treasury each year. The CRC reporting mechanism will remain in place until the...

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Spring Budget 2016 and the Energy Industry – No Great Surprises Here!
in Blog
The Chancellor has completed his Spring Budget speech which included several announcements for the energy industry. Initial results from the Business Energy Tax Review have also been presented. The key points are as follows: The abolition of the Carbon Reduction Commitment (CRC) came as no surprise. As a direct result of the Business Energy Tax Review, the scheme is far too complex from both reporting and administration perspectives. Its original aim was to encourage energy reduction for large scale business...

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CMA Announcement on Energy Market Reform
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The Competition and Markets Authority (CMA) has announced its proposals to reform the energy market, open up competition and help customers get a better deal following the conclusions from its investigation in June. The remedies proposed include a range of measures aimed directly at customers (including microbusinesses) to encourage a greater number to benefit from switching to more competitively priced deals. One of these is the creation of an Ofgem-controlled database of customers who have been on the suppliers default...

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Heat Networks Compliance Delayed Until 2017 but Participants Should Still Act Now
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The National Measurement and Regulation Office (NMRO) has announced that the feasibility study and requirement to fit heat meters by 31st December 2016 has been delayed until 2017. The Heat Networks (Metering and Billing) Regulations 2014 came into force on 18 December 2014 under the EU Energy Efficiency Directive. It affects all businesses within the UK that supply and charge for heating, cooling or hot water to a final customer through communal heating or a district heating network (heat suppliers) including...

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Government Focus on the Capacity Market – Share Your Views
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DECC is seeking views on a number of changes to the electricity Capacity Market (CM), the way in which we ensure adequate electricity capacity is available in the UK. The consultation builds on the October 2015 review and further learning from the second Capacity Market Auction in December 2015. The consultation covers proposed changes on areas such as new build assurance, termination fees, avoiding accumulation of State aid, eligibility for Transitional Arrangements, prequalification timings and reviewing the Capacity Market...

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Energy Legislation Double Bill Event – 12th April 2016
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Carbon2018 invites you to its Energy Legislation Double Bill Event on Tuesday 12th April 2016. The event runs from 8am to 12pm. To reserve your place please complete the contact form.

DECC’s Five Year Plan Does Little to Boost Generation Investors’ Confidence
in Blog
The Department of Energy and Climate Change (DECC) has published a new departmental plan detailing its energy and environmental policy priorities for 2015-2020 and outlining how it will spend the annual budget of £3.3bn in 2015/16. DECC has pledged to help the UK deliver an energy infrastructure fit for the 21st Century whilst contributing to ambitious international action on climate change to safeguard long-term economic security. The department has declared that it remains committed to achieving an 80% reduction...

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Energy Legislation Double Bill – Save the Date
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Institute of Directors, London SAVE THE DATE:  12 April 2016, 08:00-12:00     Following on from the success of our last double bill event in November, we will be hosting our next morning of breakfast debate in April and would be delighted if you could join us. The agenda will consist of: 08:00  Breakfast 09:00  Seminar 11:00  Energy Legislation Forum (ELF): Sharing knowledge, experience and best practice 12:00  Close Our last seminar saw the Royal Institute of Chartered Surveyors outline the Code of Practice requirements in relation to managing service charges and...

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Property Investors Can No Longer ‘Bank’ on Financial Backing
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The Energy Efficiency in Buildings Regulations 2015 require landlords to secure an EPC certificate with an E rating or higher in order to issue a new lease for a property from 1st April 2018. Beyond this, there is an additional requirement to secure such an EPC for properties with existing leases by April 2023. With only two years to go until the legislation takes effect, the pressure to be compliant is mounting. Current estimations suggest that up to 40%...

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