Non-Commodity Costs make up over 60% of an energy bill for industrial and commercial businesses and these costs are continuing to rise
What are Non-Commodity Costs?
These costs relate to the items on a bill which are not included in the wholesale energy cost. These can be split into three categories; 1) Renewable subsides - which help pay to decarbonise the energy system; 2) System and Network charges - which pay for the upkeep of the electricity network; and 3) Other taxes and levies.
This week’s headlines: strong investor appetite for renewable projects is highlighted by new figures; changes to the Capacity Market will make it easier for new technologies to bid for contracts; and a new report says flexibility is becoming increasingly important for security of supply.
This week’s headlines: re-opening the door to onshore wind in the UK has helped it move up the league table of the world’s most attractive locations for investing in renewables; a cyber-attack affects Elexon’s internal email system; and Ofgem approves changes to end double charging on storage.