npower Business Solutions

📍We're proud to be finalists at the The UK Contact Centre Forum National Awards tonight in Solihull. Congratulations to Louise Raffan, Kathryn McNab and Rebecca Brownlee for their nominations, and to our colleagues who have been nominated in three team categories. Good luck to all finalists.

Why is #renewablegeneration not resulting in cheaper #energyprices? It's not a simple answer. However, industry experts Stephen Evans † and Mark Ursell discuss - in detail - why this is down to the way the wholesale energy market operates. Watch the video here: https://nbs.energy/4hwMDn3

Today at 2pm, we’re partnering with MEUC to present a two-part webinar. Stephen Evans † will be explaining why electricity costs are expected to rise by a third by 2030 and Ken Miller will provide valuable insights to help business to limit the impact on their bottom line. You can register here: https://lnkd.in/e-qNPDsa

Without doubt, 2024 has been a year of change, from a new government to the end of an era for coal. But as we look towards 2025, what are major economic and global factors influencing the energy markets that businesses need to be aware of? Louise Ward explains all in her new blog: https://nbs.energy/40xSgLu

Sarah Middleton provides an important update for organisations that have Unmetered Supplies (UMS) in their portfolio. Take a look at our blog to understand more: https://nbs.energy/4flcUmn ➡️ What is changing and why? ➡️ What are the key dates to be aware of? ➡️ What action can you take now?

It's been a busy month for energy this month. In our latest Energy Bulletin: ➡ Rachel Cary from Energy UK explores energy costs and decarbonisation ➡ Anthony Ainsworth provides the highlights from the Autumn Budget ➡ 💯 Days of Labour: are the policy decisions good news for businesses? ➡ Louise Ward shares what we can expect from energy prices this winter ➡ Ben Whitelam's video about our new partnership with Granular Energy

The Autumn Budget - the first under The Labour Party - was one of the most anticipated in recent years. So, was there anything new for business energy users, or did it just tell us what we already know? Anthony Ainsworth shares his analysis of the key energy announcements in this article, which includes: ➡ Carbon capture utilisation and storage and green hydrogen investment ➡ Commitment to launch Great British Energy ➡ Electric vehicle incentives ➡ £163 million to continue the Industrial Energy Transformation Fund ➡ Intention to publish a Clean Power 2030 Action Plan

Commenting on today’s Autumn Budget, Anthony Ainsworth, Chief Operating Officer at npower Business Solutions, said: “Businesses have been waiting to see if this Budget would deliver tax tricks or treats, and it’s fair to say that it is a mixed bag. From an energy and net zero perspective, the Chancellor confirmed several announcements that had already been made, including investment in carbon capture and storage (CCUS) and green hydrogen, reaffirming its commitment to launch Great British Energy, and the confirmation that clean energy is one of the government’s priority areas for economic growth, as outlined in its recent Industrial Strategy Green Paper. “When looking at the detail, the Budget also confirmed £163 million to continue the Industrial Energy Transformation Fund (IETF) over 2025-26 to 2027-28, which will be welcome news for energy intensive industries (EIIs). It also said it would maintain incentives for electric vehicles (EVs), which is good news for those businesses with electric fleets, and that the government intends to publish a more detailed Clean Power 2030 Action Plan. “That said, as well as public investment, we also know that investments made by businesses will be critical to meeting the UK’s clean power and net zero ambitions. “Many companies across the UK have already taken huge steps in decarbonising their operations. However, the concern will be that some of the measures announced today will hit the bottom line, which could have an impact on business investment in sustainability strategies and energy reduction measures. “Our latest Business Energy Tracker highlighted this issue - businesses told us they know the benefit low-carbon investments can bring, but bigger economic pressures are preventing them from doing so. Therefore, it would have been welcome to see more measures to incentivise energy efficiency, or more detailed sector plans for net zero. “Getting business behind net zero and the UK’s wider clean energy ambitions will be crucial to economic growth, so we will await more detail over the next few months.”

We've supported The Community Church Burton and District through our npower Business Solutions (nBS) Foundation. With the funding, they were able to continue to provide a food bank, youth drop-in sessions, heat and eat sessions, free meals, and support for over 1,100 community members. Commenting on funding, ANITA MIDDLETON, Community Development Manager said: “I would like to extend my sincere gratitude to nBS for their exceptional and efficient grant application and impact report process. “The support provided from beginning to end has been outstanding, and enabled us to help so many local people. Providing meals, a listening ear, or practical help, as they struggle to contend with mental health issues, isolation, loneliness, or financial hardship.”

📈 Is more support needed from government to help with high energy prices? Here are a few key insights from our latest Business Energy Tracker report, but if you'd like to see the full findings, click here: https://nbs.energy/3C39k1M #energypolicy #netzero #businessenergy