Energy-intensive businesses are set to save up to £420 million per year on electricity costs, as the UK Government confirms plans to increase the available discount on electricity network charges from 60% to 90%, effective April 2026. The announcement follows the Government’s consultation earlier this year on how to improve cost competitiveness for the UK’s most energy-intensive industries […]
Under normal circumstances, this might not be a major concern. If we experience a mild winter, supply will likely keep up with demand, and wholesale energy prices could remain stable. But if we get a cold snap, that limited storage will be eaten up fast, and the consequences could be costly. When the UK runs […]
The UK Government has recently announced a significant expansion of support for electricity-intensive businesses through the introduction of the British Industrial Competitiveness Scheme (BICS), set to take effect from 2027. This new initiative is designed to ease the financial burden on a broader range of manufacturers and industrial companies by reducing electricity costs, helping to boost […]
As global markets closely monitor escalating tensions in the Middle East, Iran’s recent parliamentary approval to potentially block the Strait of Hormuz has reignited fears in energy markets worldwide. While no action has yet been taken, the mere threat is already rippling through commodity markets, including natural gas and oil, impacting energy costs for businesses across Europe […]
CSDDD Explained The global business landscape is shifting rapidly towards greater environmental and social responsibility. One of the most significant legislative developments driving this change is the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) ,also referred to as CSD3. This new law introduces mandatory sustainability obligations for large companies operating in the EU, with a particular focus […]
The Key Differences Between ESG And CSR What’s the Difference between ESG And CSR – In today’s world, businesses of all sizes are under growing scrutiny to show they operate responsibly towards people, communities, and the planet. From investors to regulators, customers to employees, expectations around sustainability, ethics and governance have never been higher. But […]
Could Your Business Be Paying Too Much? In today’s economic climate, controlling costs is more important than ever and energy expenditure remains one of the most significant overheads for many organisations. Yet surprisingly, it’s estimated that one in every five business energy bills contains errors, often leading to companies overpaying, sometimes by thousands of pounds without […]
As we step into 2025, the energy market continues to evolve against a backdrop of geopolitical uncertainty, regulatory reform, and accelerating decarbonisation targets. For UK businesses, understanding the shifting energy landscape is essential to navigating cost pressures, compliance obligations and sustainability ambitions in the year ahead. So, what can organisations expect from the energy market […]
In the ever-evolving world of energy infrastructure, one upcoming change may impact thousands of UK businesses, the planned shutdown of the Radio Teleswitch Service (RTS). While this development may fly under the radar for many, the implications could be significant, especially for those with older metering setups, time-of-use tariffs or heating systems reliant on teleswitch controls. […]
What should businesses do? Are they affected? You may have seen in the news that the domestic price cap is increasing this October. This is the first major increase in price cap since recovering from the peaks of the energy crisis over the Winter of 21/22. The first thing to know is that there is […]