Energy customers have been battling soaring energy prices for nearly a year.
On 3 February, UK energy regulator Ofgem announced a new energy price cap for average gas and electricity bills. However, despite the cap, British home energy prices are still set to rise by 54 percent. For the average household, this means an additional spend of £1,900 per year.
The volatility of the energy market is also affecting UK businesses. The food and beverage and fertiliser industries, for example, have struggled to meet product demands because of tight and expensive energy supplies. Power-hungry sectors such as steel, glass, and chemicals have battled soaring gas and electricity costs, leading to higher consumer prices. To limit the impact of escalating energy costs, businesses need to take a measured approach to energy management. Energy management is a process whereby a business can effectively manage how much energy is being used and wasted – but you can’t manage what you can’t measure. Harness the power of big energy data Energy management system (EMS) hardware and software can unlock big energy data, allowing businesses to monitor energy consumption down to per circuit level. This information can, in turn, help businesses reduce consumption and costs. EMS solutions, such as ClearVUE, provide big energy data in real time. Instantly, anomalies and inefficiencies in energy profiles can be visualised. Businesses can act quickly to plan consumption patterns and proactively target energy efficiency improvements, simply by adjusting operational behaviours. And those businesses who use an EMS solution can target, monitor, and reduce energy waste for both gas and electricity running through their sites, giving them total control.
Optimising energy usage not only reduces energy waste, but also a business’ carbon footprint. Cutting emissions reduces energy bills, improves cash flow, increases profitability and competitiveness, improves green credentials, and reduces exposure to future energy price rises.
The UK was the world’s first major economy to pass laws to end its contribution to global warming by 2050. But reaching this target requires extensive, systematic changes for all businesses, with many lacking the time, resources or knowledge to fully manage their energy portfolio.
UK businesses are now compelled to report on sustainability through various procedures and guidelines. With energy management systems and plans in place, businesses are in a better position to monitor and report on their emissions – and achieve net zero faster.
If your business is ready to take control of its energy, visit our website clearvue.business or speak with a ClearVUE expert today at +44 (0)3 300 300 200. ClearVUE is the energy management and net zero consultancy company of Global Procurement Group.
