Utility npower is warning that over half of the UK’s small to medium sized businesses (SMEs) are missing out on energy cost savings.
According to the company’s latest Business Energy Index (nBEI), 53% of the country’s 4.8 million SMEs have no energy efficiency management measures in place and 18% don’t know whether they have reduced energy consumption over the last year or not.
But the report also shows that where companies are monitoring energy consumption and efficiency, half made savings of up to 10%.
SMEs have even greater potential for making energy savings than larger companies, according to the Carbon Trust, which says savings could reach up to 20% for SMEs compared with up to 8% for large businesses.
“The greatest driver for increasing energy efficiency [for SMEs] is cost, rather than the environment,” says npower’s Patrick Harvey. “This is why it is surprising that so many are still not measuring the positive impact that implementing energy efficiency measures can have on their business.”