How you can save money on energy bills to protect your finances and build a more sustainable future for your business
The Energy Bills Discount Scheme will replace the Energy Bill Relief Scheme on 1 April – providing a lower level of financial support for qualifying UK businesses, charities & public bodies. Unless energy prices fall, organisations are likely to face higher bills.
With continuing energy market volatility, the government is offering welcome protection through to 31 March 2024, including higher discounts for energy-intensive businesses. However, all organisations must take urgent action to drive down their energy costs and carbon emissions.
In this blog, we look at 5 proven methods to improve financial and environmental performance.
If you don't know exactly how, when and where you’re using energy across your estate, how can you identify opportunities to take your operational and energy efficiency much further? How can you drive down both energy costs and carbon emissions?
Our energy Insight wireless sensor technology is helping businesses to monitor energy usage in real-time – right down to device and equipment level. When this information is relayed to our PowerRadarTM analysis platform, you can access the intelligence you need to develop a data-driven energy strategy.
Now is the perfect time to cut your energy costs & secure supply with hydrogen-ready Combined Heat and Power (CHP). At the current time, some of our customers are seeing a payback on investment within 1-2 years and reducing energy bills by as much as 40%.
High efficiency CHP is growing in popularity, as organisations seek to protect budgets from volatile energy markets and reduce their dependence on the grid.
Many customers are reinvesting CHP cost savings in sustainable energy projects with a longer return on investment – helping them to make a cost effective transition to net zero.
Installing a 100% renewable solar system at your site could shrink your energy bills by as much as 30%. Monetise spare space on rooftops or land by installing solar panels and benefit from immediate cost & carbon savings. If capital is tight, we can fund your project via a Power Purchase Agreement (PPA).
Although our customers can benefit from rapid payback on investment in CHP and solar, capital budgets are sometimes tight. We provide a wide range of flexible financing options, which often cover wider project costs, such as maintenance.
Our Energy Services Agreements provide a coordinated package of funding for complex, multi-technology energy saving projects. Payment is agreed over a contract period – often with guaranteed savings.
As approved suppliers to both industry and public sector grant programmes, as well as procurement frameworks, we support the accelerated delivery of approved projects within tight deadlines. We have vast experience of managing large, multi asset, estate-wide projects, with a proven history as delivery partners across the NHS and the wider public sector.
Optimising your energy flexibility from onsite generation assets, such as CHP, solar and battery storage installations, is a great way to reduce costs and generate revenue through demand management and response measures.
By load shifting energy usage to avoid peak power purchasing costs, some of our customers are increasing financial savings. They’re also generating flexibility revenues from Demand Side Response and other trading opportunities.
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