npower Business Solutions

Market-wide Half-Hourly Settlement – or MHHS for short – is the biggest change to impact the electricity sector since privatisation. It's set to be one the biggest transformations to the British electricity market since privatisation, unlocking more granular and timely data to understand how and when all consumers use electricity. However, does your business have any concerns?

📈 If your business is struggling to understand why electricity costs keep rising, even with the falls in wholesale prices, then read our explainer blog here by Stephen Evans †: https://lnkd.in/dSmJPxiR You can also sign up to receive exclusive access of our latest guide before it is published.

Today, the Energy Manager Magazine have published Anthony Ainsworth's latest article which explores 'Reducing red tape: Why policy clarity is crucial to unlocking the net zero potential of businesses.' Here is your opportunity to share how red tape is impacting your business, and which policies are helping or hindering it ➡️ https://nbs.energy/3xWZH3e #RedTapeChallenge #energypolicy #businessenergy

📈 Is more support needed from government to help with high energy prices? Here are a few key insights from our latest report, but if you'd like to see the full findings, click here: https://lnkd.in/eCcwfbSJ Since the Labour Party have been elected, several pledges will be welcomed news to businesses, so keep an eye out next week for our blog on which promises Labour are putting into action. #RedTapeChallenge #energypolicy #businessenergy

Michelle Stephens, Generation Services Sales Manager at npower Business Solutions (nBS), looks at how this year’s ‘Future Energy Scenarios’ (FES) report from National Grid ESO could impact independent energy generators: “Independent energy generators already play an important role in supporting the pathway to a decarbonised energy system, particularly as renewable decentralised energy sources are increasingly used to supply public and private sector organisations. “These will become even more important as our central energy system undergoes radical reform, whether this is to support more renewable energy generation coming online, or if natural gas is steadily replaced by hydrogen. “For example, the launch of FES comes at the same time as the new Secretary of State for Energy and Net Zero, Ed Miliband, relaunched the Solar Taskforce with a view to spearheading a ‘solar rooftop revolution’. Commercial and industrial rooftop schemes can both help organisations decarbonise their own operations, and also provide a source of power to other businesses. “If businesses are going to become increasingly electrified, they need the infrastructure to support them. This is where independent generators can play a crucial role. By selling their power to other businesses via a Power Purchase Agreement (PPA), they can support the secure and sustainable energy system of the future.”

Did you know, while energy prices remain higher than pre-crisis, they seem to be on a downward trajectory, with our Optimisation Desk reporting three-year lows? However, Louise Ward takes a look at what external factors could influence prices. Read more in our Summer Outlook report here ➡ https://lnkd.in/eyGuqQ9H

Commenting on today’s King’s Speech, Anthony Ainsworth, Chief Operating Officer at npower Business Solutions, comments: “The new government has been quick to put into action some of the key pledges from its election manifesto, particularly the Bill to set up Great British Energy and new legislation to accelerate the UK’s energy independence. These, alongside its ambitious planning reforms to enable key renewable energy infrastructure such as onshore wind, will form a vital part of its strategy to decarbonise the energy system and keep the UK on track for net zero by 2050. “The government must also take into account the crucial role that businesses will play in this transition. We have said before that this government needs to be both pro-energy and pro-business - without business investment in key technologies, the net zero ambition will not happen. “In our latest Business Energy Tracker the message from businesses was loud and clear - simplify policy, introduce support to help them reduce energy demand, and cut red tape. This is why we have also launched our ‘Red Tape Challenge’ - to work with the government to set a policy and legislative agenda that gives businesses the confidence to invest. “We look forward to working with the government to ensure the coming programme will be planned in consultation with businesses.” #energypolicy #RedTapeChallenge #businessenergy

In less than 30 minutes, our webinar will go live. You can watch here ⬇

Tomorrow at 10:30am, our Market-wide Half-Hourly Settlement experts Kay Radford and Paul Russell will answer your questions. Do you understand what the reform is, why it is happening and when it could affect your business? If not, join our webinar to find out more: https://lnkd.in/e9vZkcjm