Energy News 17/02/2017
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SMEs are losing out on substantial savings, despite wanting to become energy efficient.
The vast majority of small businesses (90%) want to be energy efficient and see the direct benefits of energy efficiency (86%), according to recent research from the Federation of Small Businesses (FSB). The majority think energy efficiency is important for saving money (78%), protecting the environment (70%) and increasing profits (67%).
While the research shows that many small businesses have started to take steps to become more efficient, there is a yawning gap between desire and action: a lack of information, funding and/or motivation means too many do little or nothing.
Improvements to the energy efficiency of the business have been made by 58%, with most widely reported measures the installation of more efficient lights, lamps and bulbs (40%); switching off/ turning down energy using devices (23%) and improving insulation (23%).
Still, many companies are making little more than token changes to their operations. The main issues preventing small businesses becoming more energy efficient are leased/rented premises (45%) and lack of concern around energy costs (45%). Many also cite access to finance and available capital.
Apart from costs, the two key things that small businesses said would encourage energy efficiency were enhanced tax relief (61%) and environmental protection (56%).
Small businesses require a fairly quick return on their energy efficiency investment. Most small businesses surveyed (55%) require a return on their investment within two years. Over a third (39%) would require a return on their investment within one year.
As we have previously explained, smart meters are critical for helping small firms understand and take control of their energy use, and reduce costs. Energy companies must roll out smart meters for all homes and small businesses by 2019.
The real-time business energy consumption information smart meters provide offers far more granular insight into business energy usage and draw attention to the cost of different appliances.
This knowledge can act as an important motivation to reduce costs by increasing business energy efficiency.
The FSB argues that the Government must do more to incentivise and support small and micro businesses to use energy more efficiently. At SwitchMyBusiness.com we agree and have previously campaigned for better regulation to help SMEs. But we understand that time poor SME owner-managers may be able to save more money more quickly.
The Department of Energy and Climate Change (DECC) estimate that the average SME could reduce its energy bill by 18–25% by installing energy efficiency measures. Our average customer saves 26% on energy with a call that takes just 20 minutes. Give us a call on 0330 0100 251 (or request a call back using our form) now.
Our dedicated page has lots more information about business electricity.
Thanks for your help Mark Weeks and Switch My business
"I would like to thank Switch My Business and particularly Mark Weeks for the ease of switching and saving me money! I can highly recommend them. Thanks again Richard Blake"This review was posted by Richard Blake on the 22nd of February 2017
"Aaron sorted out a new electricity deal for my church, enabling us to make good savings. We have now received confirmation of our new 3 year plan.During our telephone conversations Aaron was always very polite and efficient. Dawn Marskell"This review was posted by Dawn Marskell on the 21st of February 2017
Great help switching
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Very knowledgeable and helpfull guys
"I had Mark Weeks help me to switch from N Power to Dual for my business electricity and he was fantastic. not one question/query that he couldn't answer which made the switch very easy. So glad I have done this and thanks again Mark."This review was posted by Colin McKirdy on the 16th of February 2017
1st Class service from Kabibi Luseni
"From Start To Finish very easy to Move Suppliers . That's why I Now use SMB . Allan Wright"This review was posted by Mr Allan Wright on the 16th of February 2017