Britain’s largest companies will need to lay bare the size of their carbon footprint alongside their statutory financial results in their annual reports from next year. Under new rules, the Government will force large private companies and those quoted on the London Stock Exchange to account for their energy use, carbon emissions and their energy efficiency measures in the drive towards a zero carbon economy. The new rules take effect for the financial years from April 2019 and replace a defunct carbon reporting regime which was heavily criticised by business for needlessly adding layers of bureaucracy at a cost of around £20m.
Telegraph 18th July 2018 read more »
The rhetoric of GB Energy Policy is now firmly set on an energy policy path which is ‘smart and flexible’. This is set out in the Clean Growth Strategy, the Industrial Strategy and Ofgem’s Smart Systems and Flexible Plan. In August 2017, Ofgem set out their Strategy for Regulating the Future Energy Systems – which is an overview of the issues that energy systems are facing, and their plan for dealing with them and delivering a smart and flexible energy system through regulation. At the same time, Ofgem released parallel documents which set out future regulatory options related to network charging (residual and future), electricity settlement and RIIO-2 issues; and in December 2017 sought views on a post supplier hub model. These documents make clear that GB energy policy is to move towards a smart and flexible energy system. However, the details of what a smart and flexible system actually means – for energy system stakeholders – is surprisingly opaque, as is the process, and necessary coordination to get there.
IGov 18th July 2018 read more »