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

Prime Minister Boris Johnson launched the government’s much-trailed 10 point plan late on 17 November, with the full plan published on 18 November, setting out a series of new funding and ambition announcements covering transport, hydrogen, energy efficiency, carbon capture, offshore wind, nuclear and green finance.

There are two things you must know about the contract energy market…fixed and flex contracts. We know that we are on the edge of the contract landscape shift and we’ve talked a lot about the debate between fixed versus flexible contracts, but we need to always understand the difference between the two.

There are many benefits that a flexible contract can provide in the current market conditions and flex should certainly be a consideration if your energy consumption has been impacted by Covid-19 this year.

Catalyst is nominated for 5 awards at this years TELCA events run and hosted by Energy Live News.

BEIS released its Energy Trends and Energy Prices publications covering data on energy production and consumption and prices for domestic and industrial consumers for the April to June period of 2020.

The Department for Business, Energy and Industrial Strategy (BEIS) detailed the design of the Green Gas Levy to support the Green Gas Support Scheme (GGSS) in a new consultation published on 22 September.

The streamlined energy and carbon reporting regulations (SECR) tax came into effect in Apr-18, but thousands of companies are oblivious to their requirements under this act. The SECR will replace the Carbon Reduction Commitment (CRC), a mandatory carbon emissions reporting and pricing scheme to cover large public and private sector organisations in the UK that use more than 6,000-megawatt hours a year of electricity.

This period saw the onset of COVID-19, as well as record high renewable output and saw the ESO incur balancing costs of £718mn between March and July, 39% higher than the normal expected costs for this period.

Under lockdown, electricity was “cheaper, cleaner, but harder to control”, power company Drax found in its most recent Electric Insights report. Published on 31 August, it found that the share of renewables’ was up 32% year-on-year as biomass, wind and solar set new generation records in Q220. Wholesale power prices declined by 42% from the same quarter last year as demand plummeted during lockdown.