7. Services and budgets at risk from climate related failure and global effects on the energy system
Risk Title and Description
Services and budgets at risk from climate related failure and global effects on the energy system.
Service: Net Zero & Business
Date identified: 6 February 2023
Owner: Net Zero Project Manager
Target implementation date: 2030
Potential Causes:
- Power outages as result of wind, heat, ice and snow
- Impact of war affecting national energy supply, security and economic toll
Potential Impacts:
- Essential services not being carried out
- High expenditure/ budget overspend/ affordability
- Increase in the cost to run the service affected
Existing Mitigations & Control
What has been done to control the risk?
- Installation of solar PV across corporate estate and Council housing to reduce reliance on national grid
- Installation of battery storage technology at Water Lane, Matford Centre, John Lewis Car Park and Riverside allowing for smart grid use
Further Mitigations & Controls to be put into place
- Continue to investigate renewable energy opportunities to identify and fund solar PV and other renewable energy supply opportunities for the corporate estate and housing
Notes
Funding required is limited by scope of grants, and current financial instability including cost of borrowing.
Risk scores
| Risk | Score |
| Likelihood | 3 |
| Impact | 2 |
| Risk score | 6 |
| Risk | Score |
| Likelihood | 2 |
| Impact | 2 |
| Risk score | 4 |