Business Electricity Meter Types
There is a wide range of electricity meters that your business may have installed, depending on your electrici...Read More
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.
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I've used Switch My Business for a few …
"I've used Switch My Business for a few years because they literally do everything for you with no fuss. Mark Weeks was incredibly helpful, friendly and understood how busy I was. He explained everything simply, clearly and found rates that matched my needs perfectly (needed a 0 fee standing rate gas supply). He prepared all the paperwork so all I had to do was print, sign and scan. Highly recommended!"This review was posted by Jay Grocott on the 06th of December 2017
Mark Weeks is very informative of the …
"Mark Weeks is very informative of the current market and helped us change our utility provider effortlessly on an attractive contract"This review was posted by Alex Slee on the 05th of December 2017
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Mark Weeks provided quotations for my …
"Mark Weeks provided quotations for my search for alternative electricity supplier which were competitive though not significantly better than our current supplier. Very useful however."This review was posted by john barrus on the 05th of December 2017