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New survey shows majority of companies expect double-digit rise in energy prices over the next three years

The Carbon Trust just launched a new business to help UK companies reduce their energy costs and install greener, more efficient technology. The launch comes as a new survey by the Carbon Trust has found that 76% of companies are more concerned than they were six months ago by rising energy costs and are very concerned about its impact on their business. Over half are expecting energy price rises of at least 11% over the next three years.

The survey shows that while companies recognise the opportunity to improve energy efficiency, they are held back by three barriers: insufficient time or resources; being able to quantify the expected returns and energy efficiency being a lower priority than other business considerations. A third of respondents (35%) don’t currently have a plan in place to manage energy price rises but acknowledge that they should make one.

The new business, Carbon Trust Implementation services, removes these barriers by providing independent, objective evaluation of the most effective energy efficiency and renewable energy technologies for a company; a means of choosing trusted, accredited suppliers to carry out the work and helping customers to run competitive tenders for their projects. This unique service is funded by a flat rate commission from suppliers, meaning there is no cost to the company itself in obtaining this support.

Tom Delay, chief executive at the Carbon Trust states: “Over the last ten years, the Carbon Trust has helped thousands of organisations implement simple but effective energy efficiency measures which have paid for themselves within a few years. We know many more companies are concerned about rising energy costs and want to act, but they need help. The new business will help unlock £9 billion of investment into energy efficient equipment. We are confident that our new business will catalyse organisations to take action and in turn benefit from implementing cost effective energy efficiency and renewable energy projects and help the UK capitalise on green growth.”

Source: Carbon Trust. 

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