Partner Article

SMEs wasting millions

A RECENT report has highlighted that Businesses are wasting millions of pounds by neglecting energy management.

‘The Future of Energy Management in the UK’, commissioned by global energy management specialist Schneider Electric reveled that in spite of companies being able to cut energy costs by as much as 70% three quarters (74%) of the organisations don’t have an energy saving programme.

Despite more than nine out of ten (92%) businesses seeing energy prices as an important driver for energy efficiency investment, two million small businesses in the UK alone are set to spend £700m per month this winter, which could be cut by up to £210m if energy saving measures were implemented.

Stephen Coop, Presidentof Schneider Electric UK and Ireland, said: “With the recession still affecting UK businesses, it is concerning to see research that shows companies are missing out on saving money by not implementing an energy management strategy.”

The report shows that organisations recognise the link between reducing energy consumption and saving money.

However, employing a dedicated energy manager is still uncommon practice with nearly three quarters (74%) of organisations not having a dedicated energy management team or person.

He added: “Investing in energy saving does not have to be an expensive process, yet it can make a huge difference to a business’ outgoings.

“ It is encouraging to see that organisations do think energy management will become increasingly important, but Schneider Electric is urging companies to act now and reap the rewards sooner rather than later.“

This was posted in Bdaily's Members' News section by Ruth Mitchell .