The UK's energy security has come under fire recently, with reports suggesting the country is falling short of its own goals. New stats show that the government is only reaching 3 out of 10 goals. This has worrying implications for businesses, who could face not only continued price volatility but potentially even higher costs down the line.
Security concerns
A recent analysis by the Energy & Climate Intelligence Unit (ECIU) revealed the UK has only achieved three out of ten key commitments made to bolster energy security since the Ukraine crisis. This raises concerns about the country's reliance on foreign imports, a factor heavily contributing to the current energy price hikes.
With this dependence on external sources, businesses are exposed to the whims of global markets. Political instability or supply chain disruptions could further inflate energy costs, squeezing profit margins and hindering growth.
The efficiency advantage
While the broader energy picture might seem bleak, there's a silver lining for businesses: energy efficiency. By reducing overall energy consumption, businesses can significantly mitigate the impact of price fluctuations. Here's how:
- Lower Bills: Consuming less energy translates directly to lower energy bills. This frees up valuable capital that can be reinvested in core operations or futureproofing strategies.
- Enhanced Resilience: Improved energy efficiency reduces a company's exposure to price volatility. Even if costs rise, businesses that use less energy will feel the pinch less severely.
- Sustainability Benefits: Energy efficiency goes hand-in-hand with environmental responsibility. Businesses can showcase their commitment to sustainability, which can attract eco-conscious customers and investors.
Taking action
There's a range of energy efficiency measures businesses can implement, from simple behavioural changes like switching off lights in unoccupied spaces to more substantial upgrades like installing LED lighting or investing in energy-efficient machinery.
Free solar
One way your business could save up to 19% on your energy bills is by installing solar panels. A lot of the times a hefty bill usually puts business owners off having solar installed. Luckily for the companies that work with our business you could have solar installed for free on your building!
At Resolve Net Zero we offer our eligible customers a Power Purchase Agreement (PPA). For this agreement our partner, Electron Green, will install solar panels on your building completely free of charge. After your solar panels are installed you just have to pay for the electricity that is generated by them which will be at a much cheaper rate than using electricity from the grid.
Find out more about free solar today or complete our survey to see if you are eligible for this.
The future is efficient
The UK's energy landscape might be uncertain, but businesses don't have to be passive bystanders. Embracing energy efficiency is a proactive approach that safeguards businesses against rising costs and strengthens their long-term sustainability. By taking control of their energy consumption, businesses can navigate the current challenges and emerge stronger on the other side.
If you're ready to improve your energy efficiency whilst driving down energy bills then why not get in touch? With our carbon management plans we will give your business everything it needs to reduce consumption and maximise on savings. . Request a free quote now and start reducing your carbon footprint and energy bills today.
