Energy Crisis

by | Nov 2, 2022 | Corporate Partner News

Businesses across the UK are still assessing the initial impact of the energy crisis and we’re seeing more client conversations focused on this increasingly crucial challenge.
 
In the last few weeks we’ve seen government support for consumers, and businesses, though it’s important  to remember that even with this support, prices will still be significantly higher than this time last year. Our response to the governments announcement is attached at the bottom.
 
Our view is that medium-term reforms of the electricity market are just as important as the recent support packages, principally to deliver a sustainable solution for energy security and affordability by reducing our long-term reliance on fossil fuels through the net zero transition.
 
Is your business ready for the New UK Packaging Regulations?

New UK Extended Producer Responsibility (EPR) laws for packaging will introduce obligations for businesses selling, importing or handling packaged goods – defined as “producers”- from 1 January 2023.

As part of a transition to a circular economy and working towards Net Zero, these laws push obligations up the chain to producers of packaging – to drive changes in design and consideration of its end of life treatment.

There will be new registration, data collection, reporting and payment requirements for businesses placing packaging on the market. Furthermore, some businesses have calculated that the changes will be many times more expensive than UK Plastic Packaging Tax (PPT).

This article summarises the reforms and their impact, flags relevant compliance dates, and looks at the steps businesses could be taking to prepare for the changes, as well as how PwC’s specialist teams can assist.

 

2022.09.14_PwC briefing on Government energy proposals (1) (1)