SMEs encouraged to stop overpaying for energy

SMEs are paying a combined £280m per year too much for their energy, but many still feel unsure of tackling the big change, an expert report has recently revealed.

Following an extensive inquest into the energy market, the Competition Markets Authority (CMA) has found that suppliers are only passing on a fraction of their own energy savings – with a CMA inquiry finding that families and businesses are effectively being overcharged by £1.7bn a year.

As a result, the authority has implemented a cap on tariffs for the four million people with pre-payment meters, saving up to £90 a year and letting the UK’s 37 energy companies know when households have been on a standard variable tariff with their power supplier for at least three years and could be ready for a cheaper alternative.

Manufacturing and innovation are the backbone of the economy and firms that are at the cutting edge of both need to be able to focus on their work and leave the energy champions to look after their cost base.

HeatingSave – the perfect energy and money-saving solution for SMEs

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.