Energy Insight: the latest industry charges and policy developments explained

13/05/2021

Article

Energy prices & policy

Industry & Market News

As well as hearing from our experts, Arjan Geveke, Assistant Director of Energy Policy from the Department of Business, Energy and Industrial Strategy (BEIS), shares his views on the "Demystifying non-domestic energy policy”. He summarised the key points businesses need to be aware of from the recent flurry of government announcements (including the Energy White Paper and Industrial Decarbonisation Strategy), and outline what’s still to come.

Other topics we covered:

  • Ofgem's Targeted Charging Review (TCR) delay: what the recently announced delay to forthcoming changes to electricity distribution and transmission charges mean, and how this will impact businesses
  • Extra third party costs for businesses: why supplier failures have pushed up Renewables Obligation (RO) charges, and how this will be managed going forward. Plus, National Grid’s recent balancing charges calculation error explained, and the likely cost implications for consumers
  • Capacity Market (CM) news: the impact of the record-prices achieved in the latest capacity auction, and what it’s likely to mean going forward, including growing opportunities for businesses

If you weren’t one of the 200+ participants who joined us for the live event, you can now watch a recording of the webinar below.

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