Almost 88% of UK businesses are worried about energy security

A recent market research study by the Major Energy Users’ Council (MEUC) and energy solutions firm Power Efficiency has revealed that close to 9 in 10 UK businesses (or around 88%) are quite worried about their energy supply’s level of security.

In fact, the survey of 129 companies – including 10% of the FTSE 100 – with a combined annual energy spend of roughly £1 billion, also found 90% thought rising energy prices posed a threat to the competitiveness of UK businesses.

The report also points out that the large majority of those surveyed are taking action to secure their future energy supply, with six in ten undertaking ‘behavioural change programmes’, half investing in renewables and 43% installing on-site generation. Another 60% said they were planning to make substantial investments in energy efficiency.

The research report also found that around three quarters (74%) of UK businesses are now aware of their responsibility to report carbon emissions in their annual directors report, although 21% said it was news to them.

Just under half (48%) said they had made steps to comply with the obligations, whilst a third (33%) said they were yet to take any actions. Nearly two thirds (62%) said they had a carbon and energy reduction strategy in place. A third (33%) said they didn’t.

Businesses who are seriously considering the implementation of energy efficiency solutions and monitoring systems designed to make carbon reporting a significantly easier job should seriously consider going for a HeatingSave Building Energy Management System, given the extensive range of cost-effective features it provides.

Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.

If you’d like to find out more about the savings enabled by the HeatingSave Building Energy Management System, just contact our dedicated product team, they’ll be more than happy to answer all of your questions and queries.