Business leaders and energy experts from across the West Midlands came together to discuss how a new energy model could help to tackle some of the biggest energy challenges.
The event, sponsored by SSE Energy Solutions, showcased Energy Capital’s mission to implement a place-based approach, meaning the challenges for energy are dealt with on a local level so that regions can handle their own energy supply to keep future energy bills low for their residents and businesses.
This approach would also look to support green growth and broaden partnerships with the local businesses.
The event was held on the day that the government announced a cap on wholesale energy bills for businesses for six months starting on 1 October. A new energy price guarantee had also already been revealed for UK households meaning they will pay no more than £2,500 a year on their energy bill for the next two years from 1st October.
Energy Capital was launched in 2016 by the Andy Street, The Mayor of the West Midlands to establish new models of regional energy governance and delivery and bring together both local government and industry leaders.
The event also saw the relaunch of Energy Capital’s partnership that combines energy providers like National Grid and Cadent Gas, with businesses, local authorities, housing associations, universities and representatives of central government and its agencies.
As well as supporting the work to tackle fuel poverty and climate change, the programmes being led by Energy Capital will also help build a thriving market for clean tech innovation leading to new business and job growth.
Since declaring a climate emergency in June 2019, the West Midlands has been focused on developing and delivering a clear action plan.
Led by the Mayor of the West Midlands, the WMCA brings together 18 local councils and three Local Enterprise Partnerships to oversee the transfer of powers and funding from Whitehall to the West Midlands.
The WMCA is putting these new powers from government back where they belong, in local hands, bringing the region together to build a healthier, happier, better connected and more prosperous West Midlands.
Billions of pounds are being invested by the WMCA to improve the region’s transport network, transform its derelict industrial land into new homes and workplaces, support existing businesses and help grow the innovative, green industries of the future.
At the heart of this vision is a strong economy that is both green and inclusive, one that supports the region’s ambition to be net zero carbon by 2041 and offers everyone the opportunity of a good quality, affordable home and the skills needed for a worthwhile job.