Energy Insight Report
Businesses are calling for more financial aid to help reduce energy use
The British Chambers of Commerce, in partnership with British Gas, ran a survey of more than 2,100 UK businesses to review the relationship of businesses in England and Wales with their energy supply and how they can manage and reduce their energy costs.
The survey shows that only a small percentage of businesses believe more information or financing options for measures such as insulation, LED lighting and solar panels will help them to manage and reduce their energy costs.
36% of those surveyed believe that the most important thing the Government could do for business is provide grants towards the cost of installing energy efficiency measures, while 19% suggested the most effective intervention would be tax breaks.
More results from the survey:
- More than half (55%) of UK businesses want grants or tax breaks towards energy efficiency measures
- Only 8% feel that more information would help, while just 4% would like financing options
- Just over a quarter (27%) of those who rent their premises say they have no influence on energy efficiency improvements
“These results demonstrate that getting the economics of investment right for energy efficiency is crucial to promoting take-up. At a time when businesses face growing upfront cost pressures from other sources, grants and tax breaks have an important role to play in offsetting the cost of new energy efficiency measures.”
Mike Spicer, Director of Research and Economics, BCC
The survey results also reveal that work is needed to promote the use of smart meters for businesses. To address this issue, we're contacting our SME customers to explain the benefits of smart meters and to encourage them to apply for one online.
Benefits of having a smart meter include:
- Automatic meter readings – sent securely from you to us
- Accurate bills – we’ll have your latest reading so no more estimated bills
- Manage costs – we may be able to help you find ways to save energy and lower your costs