A recent study found that 73% of business leaders in the UK have no idea what their company spends on electricity in a given year. With businesses across the country looking to maximise profits and chase success, it seems strange that a fixed cost such as energy would fall by the wayside, particularly with the level of scrutiny the energy sector is under. Could businesses change the energy market if they looked a little closer at their accounts?
The study was published this week and was carried out by Westinghouse Solar who questioned 250 finance directors, financial officers, managing directors and chief executives from small and medium sized businesses throughout the UK. Not only were 73% unaware of their energy expenses, 60% of them had no idea how much their bills had increased over the last 6 years, which means that they won't have any idea on how this has affected their business. The study revealed a few more interesting details too.
7 out of 10 of the respondents said that the Government should be doing more to shake up the energy market and bring bills down, but only around a quarter said that energy expenses were something they brought up at regular managerial meetings. This seems surprising given the amount a medium sized business can spend on energy in a year - if they could bring down their fixed costs why wouldn't they? Why is energy not top of the agenda for every burgeoning business in the UK? Perhaps it was some of the smaller energy companies who are offering more accessible and affordable tariffs may gain some headway in their battle to get a foothold amid the monopoly of the big six.
The Government itself has actually moved focus away from large solar panel farms, despite signing off on some large projects recently, and offered incentives for commercial properties to get solar panels fitted. The idea is a sound one - that large business operating in large buildings can use their roofspace to make solar energy, use the energy themselves and then either sell the excess back into the national grid or power local business and homes around them for a subsidy. In many ways, this makes perfect business sense and it's suprising that more business who operate in their own buildings haven't pursued something along these lines.
Eco Stores Direct aim to help you bring your energy usage down and reduce your carbon footprint by suppying energy efficient, green electric heating solutions - perfect for us in conjunction with solar panels. Take a look at their range of far infrared heating panels or energy efficient wall mounted electric radiators and see how they could save you money and save the environment. Call 0333 920 0548 for more information.