As a sector, energy has been at the very forefront of the UK’s world-leading progress in tackling climate change. The country’s carbon emissions are at the lowest level since the 1890s, which is largely down to us reaching the point where low-carbon sources supply more than half of our energy generation.
Rescheduled on the back of the well-documented suspension of the Capacity Market back in 2018, this latest auction provides the UK with >45GW reserve capacity which can be called upon in the event of system stress.
Published earlier this month, Ofgem’s Decarbonisation Programme Action Plan sets out a new vision for how it will govern and regulate the energy industry in order to support the government’s net zero target.
When we talk to businesses about reducing their carbon emissions or improving energy efficiency, they often want to focus on major projects like installing renewable technologies or upgrading operational assets.
With a particular focus on the potential impact of weather, global relations, generation updates, gas storage levels, interconnector activity and foreign exchange, our team of energy experts have combined their latest findings to provide comprehensive insight into what may be in store for 2020.
On the nBS Optimisation Desk, we are constantly looking at the many drivers – including weather forecasts, global political developments, generation updates, gas storage levels, interconnector activity and more – to determine what may lie ahead.
Many of us are watching with interest to see how the government plans to deliver on its Net Zero emissions commitment by 2050.
Most companies these days have an eye on becoming more energy-efficient and reducing carbon emissions. But many don’t seem to really understand the best way to go about this.