Energy Update - May 2015
Demand Side Units/Aggregating Generating Supply
A number of companies will this week receive approval from the Utility Regulator to provide this service. If you have some form of back-up generation on site you could receive several thousands of pounds for simply making this available. There is no cost to you as the DSU/AGU companies will provide the necessary approvals, equipment etc. for free. Manufacturing businesses are well placed given their electricity load and hours of production. We recommend you look at this opportunity to offset against the cost of your electricity bill. For more information, contact Ingrid Salt on 02892 612612or email email@example.com
NISEP is a fund which is collected annually from the Electricity Tariff. Some £8m is collected to be invested in energy efficiency projects. Whilst 80% of the fund is earmarked to domestic projects, 20% remains to support businesses… and they have difficulty spending this money! Each year the Utility Regulator approves projects from the supply companies and these are on the list on the link below. This is FREE money for you to improve your energy efficiency and reduce your bills. Note, you DO NOT need to be a customer of the company promoting the individual schemes to benefit from their funding programme!
The non-domestic programme are in Section 4, pages 9-12. http://www.uregni.gov.uk/uploads/publications/NISEP_List_of_Schemes_2015-16.pdf
There are lots of changes coming through on energy policy which will impact bills in the coming years. However, there is some good news to report. On your bills there will be a link for ‘Capacity” or “Supplier Capacity Charge”. This can be a very significant sum of money. Essentially this pays for electricity generators to be available to generate even if not required. This current year this equates to an incredible €574m across the island. MNI have been campaigning for some time for this to be reduced – electricity generators should only be appropriately rewarded and not profiteering. The good news is that it’s proposed that this will be cut by some €111m in 2016. This should mean a reduction in NI of around £20m in 2016 (it’s a little too early to tell, but it could be a 2% saving on your bill). However, whilst many electricity supply companies simply “pass through” this capacity charge directly on bills, some do not. It’s important that you have a conversation now with your electricity supplier to understand how they handle this capacity payment and ensure that 2016 saving is seen in a reduction in your bills.
MNI continue to work hard on your behalf to create the most competitive region in Europe in which to start, sustain and grow a manufacturing business, thus creating wealth and work. The above and more is what we are helping deliver to bring this about.