Price is more of a consideration that climate concerns… That’s according to a survey of 500 executives commissioned by npower Business Solutions, Energy HQ, which found that 50% of energy managers consider cost-savings to be their biggest concern.
This is a result which npower believes indicates a focus on protecting their organisations against political and economic uncertainty.
75% of respondents expressed concern over potential energy price hikes, with 32% noting Brexit as likely being a risk to stable pricing going forward.
40% of those surveyed are of the opinion that a no-deal Brexit would lead to “consistently higher” energy prices over the medium-term. Furthermore, 28% of businesses suggested that they are not ready for costs to increase in this way.
A further cause of price increases and instability would be a change in government, said 60% of the energy managers surveyed.
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Sentiment on the UK’s climate change position took a knock relative to price as 56% stated they believed the continued rollout of new policies to meet net-zero targets would drive up costs.
More than 41% have engaged in long-term energy management plans to help mitigate financial risks and more than half of the firms questioned said they have already implemented employee behaviour programmes.
“It is great to see UK business energy managers already taking positive steps to plan for the sector’s uncertain future,” says Ben Spry, head of flexibility services at Npower Business Solutions.
“We are encouraging energy decision-makers to engage in long-term, strategic planning to help reduce risk and improve resilience.
“By incorporating demand-side response (DSR) schemes and other energy efficiency tools at their disposal into their longer-term plans, businesses won’t be forced to choose between cutting energy costs and hitting sustainability and decarbonisation targets.”