Did you know from April 2021 your energy bills are changing?
The big change is the way customers are charged for TNUoS and DUoS costs, also known as the transmission and distribution charges. The current Triad system is to be replaced with a fixed charge. Businesses with larger energy consumption are likely to result in increased costs.
On the other hand, the wholesale market volatility has been increasing with pricing going negative 80 times last year and prices surging over £120 per MWh a similar number of times, predicted to occur 900 times every year by 2034 (Cornwall Insights).
As businesses make their transition to Net Zero with electric heating and electric vehicles the overall electricity demand will increase. Hence, businesses should look at ways to be more energy-efficient whilst maintaining their operational performance. Businesses also need to think about enabling demand flexibility and how to automatically respond to market pricing signals.
The topics covered include:
Session 1: Electricity Market Volatility updates, trends & future impacts (Tim Dixon, Wholesale Team Lead – Cornwall Insight)
Session 2: Renewable developers perspective: making projects fundable (Richard Thwaites, CEO – Penso Power)
Session 3: Towards Net Zero: how to benefit from the market volatility (George Bartley, Energy Systems Consultant – Q Energy)