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LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.

Our net zero commitment to you and our planet

 

Today we are proud to announce that we are taking responsibility for creating a healthier planet for our customers, suppliers, employees, and families. As one of the UK's leading energy consultancies, we are in a unique position to significantly reduce the amount of carbon our customers, suppliers, and employees put into the atmosphere. We know we must lead by example and that is why we are making the following pledges:

Pledge One: Utility Team will be a fully net zero organisation by December 31st, 2025.

Pledge Two: Utility Team will remove its historic carbon footprint by December 31st, 2028.

 

Hear more about our pledge from our CEO, Delvin Lane, in his exclusive interview with Energy Live News.

Why are we doing this?

 

The scientific evidence is clear; the planet's temperature has risen and will continue to rise without action. The target set out in the Paris agreement was to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. We have already seen a rise of 1 degree; therefore, we have to act now.

We believe that everyone needs to take responsibility for stopping the potentially catastrophic environmental impact of carbon emissions. Over the last few years, we have successfully moved a number of customers to renewable energy sources and also developed the groundbreaking Revolving Green Fund. This has seen a growing number of our customers invest in green technology solutions to reduce their carbon emissions.

Whilst this has had a positive impact, we felt that we needed to step up our commitment, and that is why we are announcing our net zero pledge and outlining how we will achieve it.

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How are we going to achieve this?

Having targets is one thing; you need a plan to achieve these. The board of Utility Team has committed to the below milestones for Pledge One:

2021

  • By December 31st, 2021, we will have achieved a pro rate 50% reduction in business mileage against our 2019 benchmark
  • As of January 4th, 2021, all existing and prospective customers will receive a renewable energy price within their pricing submission.
  • 15% of our customers electricity contracts will be using renewable electricity by 31st December 2021
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2022

  • Utility Team will be powered by 100% renewable electricity by December 31st, 2022
  • To be a Utility Team supplier, you will need to be signed up to the future Net Zero standard by December 31st, 2022.
  • As of January 1st, 2022, all employees will be allocated 3 days a year to volunteer to support a green charity initiative.
  • Electric Vehicle Charging points will be installed at Utility Team Head Offices in Coventry in 2022
  • All Business Development Managers will be incentivised to drive electric vehicles when on company business by 31st December 2022
  • 25% of our customers electricity contracts will be using renewable electricity by 31st December 2022

2023

  • 50% of our customers electricity contracts will be using renewable electricity by 31st December 2023.
  • All Business Development Managers will be required to drive electric vehicles when on company business by 31st December 2023.
  • As of January 1st, 2023, all staff will be incentivised by the company to drive an electric vehicle.
  • As of January 1st, 2023, all staff will be incentivised to power their homes via renewable energy.
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2024

  • 75% of our customers electricity contracts will be using renewable electricity by 31st December 2024
  • Utility Team will be powered by 100% Green Gas by 31st December 2024

For Pledge Two, the board of Utility Team has committed to the below milestones:

2021 - Identify our historic carbon footprint, including energy and travel

2022 - Begin carbon offsetting projects to remove historic carbon emissions.

2023 onwards - Maintain the carbon offsetting programme until all historic carbon emissions have been removed.

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Net Zero - the faster we act the better

All of the above actions have hard deadlines; however, we will be attempting to beat them. After all the faster we act, the sooner the planet's atmosphere will stabilise. We recognise that it is easy to write a plan, but it's harder to deliver it. Accountability is a core value of the organisation, so we will be reporting our net zero performance quarterly.

“The challenge of net zero is one that has to be met head on and we are uniquely placed to help businesses do that. We are determined to drive meaningful change that reduces carbon emissions. We recognise that it will not be easy, however we are excited by the challenge. The Board is passionate about leading by example and proving that a move to net zero not only makes environmental sense but also delivers commercial benefits.” - Delvin Lane, CEO

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Find out how your business can start your net zero journey today!

Wanting to create a net zero organisation is the first step. Taking action is the next.
 

Utility Team can help you set net zero goals and work with you to build a road map to achieve them.

We have a team of net zero consultants waiting to help you take the next step.