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Full Power: The role of the energy sector in decarbonising businesses

Cover image of report

Full Power

The lifeblood of the British economy, businesses are responsible for the goods, services, and jobs that underpin our society. Companies have always adapted to change, and the transition to Net Zero is no exception.

Decarbonising our economy is a huge task but done well, it offers businesses the opportunity to future-proof operations, save on energy costs, and play a crucial role in the frontline battle to lower emissions.

Blog: Supporting businesses to decarbonise is money well spent

Rachel Carey, our Head of Business Decarbonisation, explores the potential economic benefits of improved government support to the UK.

graphic showing Rachel Cary, Head of Business Decarbonisation

How can policy better drive business decarbonisation? In 2024, Energy UK worked with business, energy trade associations and organisations to review policies that drive the decarbonisation of commercial and industrial businesses.

Energy in Action: Innovations in business decarbonisation

From small hair salons to large manufacturers, UK businesses are now equipped with new solutions to lower energy bills, reduce carbon emissions, and gain a competitive edge.

Whether through on-site renewable energy generation, improved building insulation, or transitioning from gas boilers to efficient heat pumps, these opportunities are essential to the UK’s energy transition.

EiABusDecarb

The Contracts for Difference (CfD) scheme has been instrumental in enabling the UK to become a world leader in renewable energy. However, long-term contracts such as Corporate Power Purchase Agreements (CPPAs) will play an important complimentary role in driving investment in new renewable and flexibility projects.

These agreements help businesses by providing stable long-term electricity prices. Alongside this, they are vital for driving investment in flexibility at all levels and reducing power system costs.

This is Energy UK’s look into the CPPA market and policy options.