Only 13% of UK manufacturers think the government’s flagship energy efficiency policy, ESOS, is helping to improve the business case for energy efficiency investment. Meanwhile, just 9% are involved in demand-side response.
Manufacturing body the EEF says this is a huge missed opportunity and has called on government to rethink policy and support.
However, they also say that businesses should also take the initiative and realise substantial savings by implementing proper energy management.
Analysis of 70 member sites identified that using capital expenditure to replace equipment such as lighting, drives and motors, building energy management systems and to optimise compressed air and heating and ventilating systems, would deliver significant energy savings with an average payback of 20 months.
The report points out that in four years’ time around£13bn will be added to energy bills to support low carbon generation and the capacity market. However, says EEF, there is no government support for energy efficiency. It also calls for incentives for smaller companies (SMEs), including tax breaks for energy efficiency investment.
If you need help implementing your ESOS recommendations or would be interested in achieving revenues from capacity management, please get in touch.