Most Trusted Consultancy – SME Shortlist for TELCA 2024: Honouring Trusted Leaders in Energy Consultancy

We’re excited to reveal the shortlisted nominees for the Most Trusted Consultancy – SME award at TELCA 2024, sponsored by Yorkshire Gas & Power.

This award honours consultancies that have demonstrated a strong commitment to building trust and delivering exceptional service to their clients.

The finalists include Boxfish, Connect Consultancy t/a Auditel, Fidelity Energy, Indigo Swan, Total Energy Solutions, Utility Aid and Utility Bidder.

Each of these companies has established themselves as leaders in trustworthiness and we look forward to celebrating their achievements at the TELCA awards ceremony!

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New self screening tool pilot launched for faster connection applications in Ireland

Ireland’s Distribution System Operator, ESB Networks has teamed up with Advanced Infrastructure to trial a new self-screening tool that will allow demand customers, including local authorities and EV charge-point developers, to pre-assess their connection applications.

The project seeks to make the connection process more efficient and customer-friendly.

The tool, designed by Advanced Infrastructure, will enable medium-voltage demand customers to access vital information online, including available network capacity, estimated timelines and preliminary cost assessments.

By offering customers the ability to refine their connection requirements before making formal applications, ESB Networks aims to manage application volume and better allocate resources to connections with a greater likelihood of success.

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£50 cashback for EDF electric vehicle tariff sign-ups

EDF is offering a £50 cashback for customers signing up to any of its electric vehicle (EV) tariffs throughout November, aimed at helping EV drivers save on charging costs.

The cashback applies to EDF’s range of EV tariffs, which includes the GoElectric Overnight and Pod Point EV Exclusive.

Each of EDF’s EV tariffs provides five hours of discounted electricity between 12am and 5am.

According to EDF, the GoElectric Overnight tariff could save the average motorist up to £828 annually compared to petrol, while EV drivers could save £752 by avoiding public charging network costs.

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UK increases Energy Profits Levy to 38%

As of today, 1st November 2024, the UK government has raised the Energy Profits Levy (EPL) from 35% to 38%, targeting oil and gas companies operating in the North Sea.

The new measure not only raises the EPL rate but also removes the previous 29% investment allowance, tightening the framework under which energy companies can claim tax relief.

The Budget states, “To help make the UK a clean energy superpower, oil and gas companies will contribute more to support the energy transition.

“The government is increasing the rate of the EPL from 35% to 38%, removing the 29% investment allowance, and extending the levy until 31st March 2030.

“To provide certainty and to support a stable energy transition, 100% first-year allowances in the EPL will remain and the government will consult in early 2025 on how the oil and
gas tax regime should respond to price shocks once the EPL ends in 2030.”

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Renewable energy industry welcomes Budget, calls for greater ambition

The renewable energy and clean technology sector has responded positively to Chancellor Rachel Reeves’ Budget while calling for bolder actions to fully unlock the sector’s potential.

The Association for Renewable Energy and Clean Technology (REA) praised new initiatives, including additional funding for the Warm Homes Plan, GB Energy and the Boiler Upgrade Scheme.

These steps, the REA says, reinforce government commitments to sustainable growth but largely reaffirm previous pledges rather than introduce transformative changes.

The Budget’s adjustments to fiscal rules, unlocking more green investment, were acknowledged by the REA as a promising shift towards supporting renewable infrastructure.

However, the REA noted missed opportunities to raise fuel duty and the Carbon Price Floor, moves that could have further encouraged the transition to low carbon energy.

Trevor Hutchings, Chief Executive of the REA, said: “The confirmation of policies like the Carbon Border Adjustment Mechanism, the Warm Homes Plan, and GB Energy funding, along with continued support for electric vehicles and increased funding for the Boiler Upgrade Scheme, all represent positive leaps forward.

“Yet, there are missed opportunities to drive more ambitious outcomes, such as increasing the Fuel Duty rate and Carbon Floor Price, which could accelerate our transition to net zero.”

Energy sector leaders echoed similar sentiments.

Mike Thornton, CEO of the Energy Saving Trust, welcomed the Warm Homes Plan as a step towards lowering bills for low-income households and increasing the energy efficiency of homes, while Dhara Vyas, CEO-designate at Energy UK, highlighted the importance of clean energy development and called for a focus on energy-efficient use as well.

Mike Thornton said: “We want to see a net zero future which benefits everyone with warmer homes, clean air and stable energy prices and look forward to more detailed plans from the UK Government over the coming months on how this can be delivered.”

Dhara Vyas said: “As well as developing our sources of clean energy, we need to focus on how we use it, so the funding for the Warm Homes Plan is a positive step towards cutting bills by making more of our properties energy efficient.”

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