UK Small Businesses Urged to Embrace Green Energy Solutions to Combat Winter Challenges

In an effort to address the pressing issue of soaring energy costs and the potential impact of colder temperatures this winter, industry experts at Energy Sustainability Consultancy, Advantage Utilities, are calling on UK small businesses to explore greener energy generation options and optimize their existing consumption.

According to Advantage Utilities’ latest quarterly market report, over one million UK small businesses are currently locked into fixed contracts with rates above the market average. The mild winter experienced in 2022 provided a temporary respite for struggling businesses, alleviating concerns about surging energy prices. Moreover, the unexpected mild weather averted potential shortages in Europe, which were previously anticipated.

However, the report warns that businesses cannot rely on a repeat of last year’s mild winter, highlighting the uncertainties surrounding the pace at which the increased demand for liquefied natural gas (LNG) can be met. Additionally, the recent reduction in government financial support for commercial organizations in relation to energy prices has further heightened the risks to business stability. As a result, the majority of commercial organizations no longer stand to benefit from government assistance.

With energy analysts predicting that prices are unlikely to return to pre-pandemic levels for at least three to four years, the report emphasizes the need for businesses to focus on onsite energy generation and smarter consumption. Implementing these measures not only helps to minimize energy costs but also contributes to the realization of net zero ambitions.

Andrew Grover, CEO of Advantage Utilities, applauds the report’s findings, underscoring the importance of businesses remaining vigilant in the lead-up to winter. Grover advises businesses to prioritize reducing energy consumption and reliance on the grid.

“Our customers are constantly reminded that the most cost-effective unit of energy is the one not consumed. Additionally, the greenest form of energy generation often aligns with affordability,” states Grover. “Now is the opportune moment for businesses to evaluate their recent energy usage, identify areas for improvement, and reduce overall usage as well as wastage.”

Grover recommends conducting an energy audit as a starting point to identify potential cost-saving measures and enhance energy efficiency. This comprehensive assessment covers various aspects, including building structure and equipment usage. A well-executed audit has the potential to significantly reduce energy consumption, resulting in cost reductions of 10% to 40%.

As winter approaches, UK small businesses are urged to proactively embrace sustainable energy practices, not only to mitigate the challenges posed by colder temperatures but also to navigate the prolonged period of high energy prices. By prioritizing energy efficiency and exploring alternative energy generation methods, businesses can take significant steps toward both financial resilience and environmental responsibility.

Explore more topics
Author
Prolific News
Related news stories
Advertisement