10 Jan
What’s New in Business Energy in 2022?
Posted on Jan 10, 2022 by D-ENERGi
Climate change and sustainability are high on the agenda in 2022, which means more and more businesses are going to be held to account – and this will have an effect on your business energy quote too.
Here is the D-ENERGi team’s round-up of the changes businesses can expect to see this year in regards to carbon and energy reporting.
Changes to the UK Emissions Trading Scheme (ETS) cap
The UK’s ETS was launched in 2021 as a replacement for the EU ETS which the UK left when it left the EU. The ETS places a cost against carbon pollution in order to encourage polluters to reduce the amount of their emitted greenhouse gases.
ESOS to potentially be extended to medium-sized companies
The UK government recently announced it would be shaking up the Energy Savings Opportunity Scheme (ESOS) in a bid to increase the uptake of energy efficiency measures and improve the quality of audits.
It is also aiming for businesses to include an assessment of actions needed for them to achieve net-zero by 2050 as a recommendation.
Mandatory TCFD for large companies from 6th of April 2022
Recommendations from the Task Force on Climate-Related Financial Disclosures (TCFD) means that over 1300 of the UK’s largest companies and financial institutions will have to start disclosing their climate-related financial information from the 6th of April.
Performance-based energy ratings for larger buildings to come into force
The UK government is currently consulting on the use of a framework for the rating of carbon and energy performance of commercial buildings, which if passed means that if you own or are the sole tenant of a large building you may be required to rate the energy performance of the building as it is in-use.
Widening of scope of the SECR
Streamlined Energy and Carbon Reporting (SECR) originally became law in 2019, but the UK government is considering widening its scope in order to drive greater climate change action ahead of the target date for Net Zero carbon.
There is some indication that one change they may implement concerns reporting on the scope of emissions. At the moment, SECR focuses solely on Scope 1 and 2 emissions – which may affect your business electricity quote – but some businesses are choosing to report on their Scope 3 emissions voluntarily too. It is likely that Scope 3 emission reporting will become mandatory in the future as the associated emissions make up the bulk of emissions from most large companies.
Here at D-ENERGi we aim to provide a real alternative to the big five energy suppliers, by offering the most competitive business electricity and business gas quotes in the UK.
Making one of your employees an energy champion can be a very effective way of controlling energy costs and the Carbon Trust has published a number of tips for how to make the best of such a role. They include: Reporting energy waste they notice, such as equipment left on unnecessarily. Ensuring equipment and machinery are well-maintained and working efficiently. Contributing and gathering ideas for improving the way things are done. Testing and implementing new processes. Communicating good practice and being an ambassador for change. It’s also vital that your energy champion has the visible support of top management and all the necessary resources they need to be effective. According to the Carbon Trust approach, the energy champion should: Be the eyes and ears for energy wastage. Be responsible for reading meters and checking fuel bills. Develop a weekly or monthly checklist of duties. Consider forming an action team to report on progress and encourage further action. A good way of identifying waste initially is to stage an energy walkabout. Because your energy usage patterns will vary throughout the day, the walkabout times should be varied to match, for example, when the cleaners are in, at lunch, and at night or over weekends. From these walks, your energy champion can identify where energy is being wasted and the possible reasons. Is it a lack understanding, are procedures being overlooked, is repair or necessary to reduce energy costs, or there is a need for capital investment. We’re proud business energy suppliers with a passion for supporting companies of various sizes, whether with competitive gas tariffs, electricity or 100% UK wind power. Contact our team today to learn more. We’re proud business energy suppliers with a passion for supporting companies of various sizes, whether with competitive gas tariffs, electricity or 100% UK wind power. Contact our team today to learn more.
Read Article Finding Cheap Business Electricity Finding cheap business electricity can be challenging when every supplier offers such competitive rates. This is why you should make the effort to shop around and receive as many quotes as you possibly can. Although this may be a chore, it is regarding one of the main factors within your business – money. Ofgem Recommendations The leading regulatory body, Ofgem recommend that you shop around for electricity rates, at least every three years to ensure you are being delivered the best tariff for your business electricity needs. When we say shop around, we mean the whole market. Do your research, look into energy suppliers that you may never have heard of previously, and try to look further into suppliers that don’t fall under The Big Six. We are only a phone call away… If you are looking to seek consultancy with regard to your electricity, D-ENERGi can review your electricity and advise you on what is best for you and your business when it comes to electricity. Please don’t hesitate to give us a call at 0800 871 7626 to speak with one of our experienced Account Managers in-house to help you understand your electricity as opposed to developing knowledge in generic electricity rates. Every business’s electricity needs are highly unique and you should not feel as though there is only one route you can take. Hidden costs in electricity Something that isn’t outlined by every supplier is the fact that there are several other charges that relate to electricity supply. We like you to be involved and we want you to have a 100% understanding on just where your electricity budget money is heading. Some electricity quotes can be referred to as a mine field quote which can be presented in many different manners and can prove to show hidden costs. We can give you a cost analysis penny-to-penny of what and where you are spending your money on your business electricity. P272 P272 is a new regulation given by Ofgem which affects around 167,000 businesses. P272 is mandatory and affects the way all electricity suppliers settle electricity consumption for businesses within a specified energy use. This will result in sites being migrated from non-half-hourly meters (NHH) to half-hourly meters (HH), and enable suppliers to produce more accurate bills. More information and an infographic regarding P272 can be found here. If you would like to read our blog on P272 this can also be found here. Get competitive rates today with a free quote If you wish to seek electricity or any energy consultancy we are here until 5.00 pm every day ready to answer any questions you may have. Please call 0800 781 7626 for further information. You can receive a free, no-obligation quote here and start to compare electricity rates today!
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