The decision of five major energy providers to increase prices before the close of the year is drawing attention to the energy and cost efficiency of UK businesses. The Business Energy Barometer commissioned by Business Juice collates statistics from 500 people responsible for energy in the workplace to find out their approach to energy.
The latest barometer discovered the following:
- That the majority of businesses switched their energy supplier in the last 12 months (61%).
- Over half are planning to switch again within 12 months.
- Businesses citing lack of time or motivation to switch could be costing a collective £867 million.
Knowledge (and the Lack)
Those who have switched within the last 12 months have certainly recognised the difference (the average saving for switching electricity suppliers is £868 in 2012). Almost two thirds of them (62%) plan to switch again in the next year.
But the barometer also revealed a surprising lack of knowledge. Stunningly, 4% aren’t sure about who their business energy supplier is – despite being responsible for this in the business. And a quarter (26%) aren’t entirely sure how much energy their business uses.
So, what have firms been doing to improve their energy efficiency?
- Using energy efficient lighting (65%)
- Energy-saving policies (57%)
- Considering energy-saving resources (52%)
- Improved insulation (49%)
- Attempting to make heating/air-con more efficient (46%)
What are they not currently prepared or able to do?
- Operate an energy management system (89%)
- Move IT to the cloud (61%)
- Generate their own renewable energy (48%)
- Designate a staff member to energy efficiency (42%)
Select the infographics to view the full-size images. The full barometer is available at Business Juice.
A guest post of behalf of Business Juice, in association with iCrossing Ltd.