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UK Energy Bill Set To Boost Corporate Energy Management

Date: 21 December 2012

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5 pages, 1 figure

Executive Summary

This report provides energy managers and heads of sustainability with an independent analysis of the UK Energy Bill and package of energy policy reforms, published by the UK government on November 29, 2012. While these energy policy reforms will affect power utilities most, Verdantix analysis finds that the measures will also impact corporate energy management programmes. The Energy Bill, and other energy policy reforms, will support corporate investment in large-scale renewables through: low-carbon generation subsidies; financial support for energy efficiency equipment upgrades; and opportunities for demand response programmes. Before the Energy Bill clears its final legislative step, the government must address a number of key questions including low-carbon generation subsidy levels and the structure of financial incentives for energy efficiency initiatives.

TABLE OF CONTENTS

UK ENERGY BILL SET TO BOOST CORPORATE ENERGY MANAGEMENT
Energy Bill Policy Shields Energy-Intensive Firms From Rising Costs
Corporates Eye A Cut Of £7.6 Billion Low-Carbon Power Subsidy
Government Must Resolve Major Questions Before Energy Bill Passes Into Law

TABLE OF FIGURES

Figure 1. Four Key Elements Of The UK Electricity Market Reform

ORGANIZATIONS MENTIONEDORGANIZATIONS MENTIONED

B&Q, BT, DECC, IKEA, National Grid, Novo Nordisk, Rio Tinto, Tata Steel