Small and medium businesses overspend by £82m on their energy bills

The UK’s small and medium enterprises (SMEs) are overspending by an incredible £82 million per year on their energy bills, a recent report from the Energy Efficiency Financing (EEF) Scheme has been able to reveal.

The research suggests that the main reasons for overspending are inefficient technology and old equipment. In fact, the report concluded that “potential” energy savings of more than £414 million could be achieved per year if they invest in more energy efficient equipment.

Richard Baker, Sales Manager, EEF scheme said: “Today’s tightened credit environment makes it increasingly difficult for SMEs to obtain affordable funding as traditional lenders have become more risk-adverse in their lending policy.

“Consequently, many firms feel discouraged from investing in green technologies because of insufficient access to capital. However, with funding available from innovative schemes like EEF, where expected savings pay for the investment, organisations can now act on their green endeavour without having to worry about upfront capital.”

HeatingSave – the perfect energy efficiency solution to help SMEs save energy and money

SME owners who’re particularly worried about the adverse effects energy price hikes might have on their bottom lines should seriously consider investing in a high-end solution designed specifically to help them optimize their energy consumption, and this is specifically where the HeatingSave Building Energy Management System could help.

By using data coming from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), HeatingSave optimizes a building’s boiler-based central heating system and helps customers save anywhere between 20 and 30%+ on their bills.

HeatingSave is also approved to work and save fuel within the Energy Technology List, which is managed by the Carbon Trust on behalf of the Government. It is also approved by the Department of Energy & Climate Change and the Energy Savings Trust and was specified by the Building Research Establishment for the energy efficient homes retro-fit program, called The Greenhouse Project.