However the 2008 Climate Change Act stated the nation’s greenhouse gas emissions needed to be cut by at least 80 per cent by 2050 - meaning businesses and consumers have a lot of work to do in order to hit the target set.
The Federation of Small Businesses recently announced that confidence amongst SMEs in the UK was at a record high – with nearly two thirds of the small businesses surveyed (61%) expecting to grow in the next 12 months, and one in ten (11%) expecting to grow rapidly. In turn, energy consumption will increase alongside the growing economy and SMEs need to be knowledgeable on how much energy is being wasted or if they are paying too much.
Phil Foster, CEO of Love Energy Savings, stresses the importance of more basic measures that can help keep costs and consumption down:
“Energy efficiency should be at the heart of everything we do, so basic measures, such as turning off lights when there is nobody in the room and not leaving appliances on standby, all make a big difference in the grand scheme of things. Many businesses and consumers are unaware that they are paying too much for their energy, and by simply switching energy providers money could be saved.”
Intelligent technology is also offering consumers and business owners the opportunity to keep on top of their energy usage. In particular, smart meters are fast becoming tools used widely to create an accurate idea of how much energy is being used or wasted, and in turn saving money.