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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.
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017