The Policy Pod

Published: 10/10/24
2 - minute read

The Podcast: A Policy Update

In this podcast, Andy Jones, Head of Regulation joins the team at Future Net Zero for a quick chat on the importance of policy updates in the energy sector, emphasising support for hydrogen and new technology through innovation and private investment. They discuss the challenges of achieving a decarbonised electricity grid by 2030, addressing the necessity of improved connection infrastructure and the potential impact on business energy bills.

Andy delves into the role of data in energy management, highlighting the need for accurate billing, increased customer control, and the importance of trust in data security.

With varying levels of consumer engagement and the potential for customers to maximise energy savings, what news will the Autumn budget bring and what might this mean for businesses, energy policy and investment incentives?

Take a listen to find out...

 

 

Pod Highlights...

• Andy introduces Great British Energy, poised to drive growth and investment towards achieving 2030 net zero targets. 
• Hydrogen, battery storage and emerging technologies will play crucial roles, requiring government investment to kickstart new initiatives.
• While transmission costs are expected to rise, this will largely depend on energy prices - in contrast to the potential cost scenarios if we remain dependent on the international gas market.
• Suppliers are entrusted with making the right decisions with mandated access to consumer energy data. Additionally, consumers and businesses have more control than ever, allowing them to access and analyse their own consumption data and make informed choices. 

Keep an eye on...

There are several new policy changes due in the short and long term which may impact your business. We've highlighted a couple of significant changes:

From 1st October 2024, under new policy changes set out by the DESNZ (Department of Energy Security and Net Zero), as part of the UK governments commitment to maximising smart meter benefits, non-domestic energy suppliers are required to proactively offer detailed, half-hourly energy consumption data for both gas and power, to smaller non-domestic customers with AMR (automatic meter reader) and Smart Meters. In line with this, we've launched our TotalEnergies Insights Portal, allowing customers to easily access their half-hourly consumption data. For more information, please see our webpage on Half-Hourly Energy Consumption Data.

In 2026, the Market Wide Half-Hourly Settlement Programme (MHHS) is due to go live and is set to potentially accelerate the pathway to net zero and transform the electricity landscape into a smart and flexible energy system. This introduces site-specific reconciliation using half-hourly data, ensuring a faster and more accurate settlement process. In turn, providing greater transparency and accuracy in the measurement of energy usage and billing to better support businesses managing their energy consumption. For more information, please see our webpage on Market-Wide Half-Hourly Settlement. 

For up to date information, please visit our Blog pages and follow us on LinkedIn.