A new study has found that around £414m is overspent on surplus energy by SMEs in the UK a year because of their use of inefficient technology and old equipment.
The Energy Efficiency Financing (EEF) scheme, which revealed the surprising statistic, researched the energy expenditure of selected industries to find out what they overspent on energy annually.
The study found that potential energy savings of over £414 million could be managed every year by the UK’s SMES if they were to invest in energy-efficient equipment. The study is based on proprietary data, official sources, and research into each sector’s use of lighting, heating, hot water, cooling and ventilation.
Myles McCarthy, managing director of Carbon Trust Implementation Services, who conducted the research said of the findings: “By investing in energy-efficient equipment as well as renewable energy technology, businesses can reap significant energy savings and cut down on their energy bills. Any sort of green investment is a step towards saving money, improving business competitiveness, and being a responsible citizen. Organisations that recognise the long-term benefits brought by energy efficiency will no doubt be better positioned than their competitors to grow their businesses more sustainably and profitably.”
Energy audits to help reduce business energy consumption
SME’s looking to reduce their electrical energy consumption can sign up for an Energy Audit from Eaton Electrical. Our detailed lighting and heating energy audits identify where your company is wasting energy, and gives up to date information on how you could prevent this.
To find our more, call Eaton Electrical on 01509 414222.
