HM Treasury and the Bank of England have opened the Energy Market Financing Scheme (EMFS) for applications. The scheme provides a guarantee to commercial banks to provide additional lending to energy firms. More details here.
BEIS has launched a feasibility study for an energy system ‘digital spine’. It aims to establish the needs case, benefits, scope and costs of a project. More details here.
The second Phase 3 application window for the Public Sector Decarbonisation Scheme is now open to applications. It will provide up to £635m of funding up to 2025. Applications will close on 31 October. More details here.
Ofgem has published its decision to approve Balancing and Settlement Code modification P395. This change introduces the required processes to ensure Final Consumption Levies are correctly calculated and charged to liable parties. More details here.