In February, we convened the third Perseus Policy Advisory Group meeting, co-chaired by Planet Mark and Icebreaker One. This meeting aimed to align members on the priorities for Perseus in 2024 and introduce the Working Groups for policy-related focuses.

Key insights:

  • It was noted that Adam Jackson will be acting as the new AG5 co-chair.
  • It was noted that the governance & structure of Advisory Groups for 2024 was presented:
    • Advisory Group (AG) meetings will take place quarterly, comprising commercial actors, and will report into the Steering Group (SG). 
    • It will be crucial that members are able to give approval in the AGs. If additional colleagues are needed for sign off, we can invite them. 
    • Working Groups (WGs) will be introduced to cover detailed work, comprising AG members and domain experts.
  • It was noted that the priorities for 2024 were presented:
    • Project Perseus
      • Q1: Update existing Members and gain new members; initiative detailed design for governance, assurance, legal terms, codes/regs; design onboarding for pilot with members, map data flows from reporting solutions to banks.
      • Q2: Members renewed and expanded; register members in TF; refine prototype and build learnings into Pilot Plan; design and agree assurance, legal terms, codes/regs
      • Q3: Pilot onboarding & implementation; register members in pilot scheme, engagement workshops; pilot communications design & engagement; legal terms signed; code interventions initiated
      • Q4: Pilot live; user feedback; member-led communications; Perseus report and 2025 plan.
      • It was discussed that the project will initially focus on smart meter data but will expand to include others in the future.
    • Policy AG5 Priorities
      • Consider legal/policy challenges that could inhibit the pilot being completed by the end of the year.
      • Consider what could prevent scaling once the pilot is completed.
  • It was noted that the Policy and Legal Barriers Risk Register was shared with AG5 and input was requested. It was discussed that:
    • There will be multiple routes to accessing the data.
    • Broader risks should be raised and discussed with other relevant AGs.
    • There is an opportunity to create alignment at policy level regarding consistency in methodologies/frameworks for calculating emissions.
    • Consideration of risk effects (Pilot / Scale / Wider Measures) were added to the risk register.
  • It was agreed that the group would work offline to review the risk register and discuss at the next meeting.

Attendees

Co-chairs

Andrew Griffiths, Planet Mark

Adam Jackson, Innovate Finance

Members:

Andrew Dakers, West London Business

Hannah Gilbert, British Business Bank

Ian Sutherland , Tide

Jago Corry, Innovate Finance

Jane Lucy, Perse Energy

Khaled El Hariri, Climate Essentials

Carbon Laces

Apologies:

John Kane, Trust Alliance Group

Natasha Thomas, Sage

Neil Ross Russell, Net Zero Now

Rick Curtis, DCC