Business Energy NewsAll the latest news about the Energy industry from Catalyst.

BEIS recently announced that it will introduce The Nuclear Energy Financing Bill to approve the Regulated Asset Base (RAB) model as an option to fund future nuclear projects.

The Zero Emission Vehicles Transition Council (ZEVTC) recently published its 2022 action plan, detailing how it will collaborate to accelerate the transition to zero emission vehicles (ZEVs).

With this official announcement yesterday comes more misery for suppliers and their customers as this additional total shortfall amount across all RO schemes is £218,300,151.73 (excluding interest). As a relevant shortfall has been reached, mutualisation has been triggered and suppliers will be contacted to make quarterly payments to make up the shortfall, in proportion to their obligation.

Ofgem published a call for evidence on the Transmission Network Use of System (TNUoS) charges regime. The document covers issues previously highlighted by stakeholders and outlines the regulator’s current thinking on potential areas for reform.

BEIS published the UK’s Net Zero Strategy – detailing policies and proposals for decarbonising all sectors of the UK economy to meet its net zero target by 2050 including provisions for power, fuel supply & hydrogen, industry, heat and buildings, transport, natural resources, and greenhouse gas removals.

The CMA has published its Green Claims Code to help businesses comply with consumer law and has warned that companies must ensure their environmental claims comply by New Year.

BEIS’s impact assessment of the Greeen Gas Levy suggests that the initial levy will be around £1.40 per gas meter point.

The government launched a consultation on 16 August to explore the extent of ‘greenwashing’ in the retail energy sector. This comes amid concerns that energy suppliers could be overstating the environmental benefits of their green electricity tariffs.

Joint research by the British Chambers of Commerce and telecommunications company O2 found that, of over 1,000 businesses surveyed in the UK, only 11% are measuring their carbon footprint.