It is estimated that the UK will need to invest £110 billion over the next 10 years to meet its requirements for low-carbon electricity and meet carbon emissions reduction targets. As a result, consumer electricity prices are expected to rise.
The UK government has announced electricity market reforms (EMR) to ensure that the lights stay on and the cost of energy is manageable for consumers while cleaner electricity is created to help tackle climate change.
Mark Livingstone, PA energy expert, explains the implications of EMR and suggests how businesses, as major consumers of energy, can use green thinking to prepare for reform.
For more of our thinking in this area, please read: 'How businesses might shelter from the gathering energy storm'.
To find out how our green business expertise can help your organisation profit from EMR, please contact us now.