Page 13 - Industrial Technology EXTRA - Brexit Briefing

BREXIT BRIEFING

Half of industrial businesses are

in the dark about energy usage

Take a quick energy health check to see how your business compares against
the average according to business size and type in the industrial sector

The pandemic has hit UK businesses hard, owners admit the last time they changed Energy’s new tool gives business owners a
with owners making difficult decisions to find energy provider was 3 years ago. One in five head start to see how efficient their current
areas within their business plan to save (13%) admit switching five or more years ago usage is and how much money they could
money and reduce costs. A recent survey of and one in 10 (10%) admit to never changing be saving.
500 business owners conducted by Yü provider. Being happy with their current
Energy has revealed reviewing expenses provider (56%) and not wanting to pay the Although many industrial businesses admit
(41%), reducing staff (40%) and introducing exit fees are the main blockers for switching, to having energy monitoring methods in
new energy efficiency measures (34%) are despite more than a quarter (28%) believing place, almost two thirds also use energy
the most common money saving factors that they could potentially save money on their efficient lighting (62%), switch unused
businesses within the industrial sector have business’ energy bill. devices off at the plug (50%) and use energy
put in place since the beginning of the efficient appliances (43%). Half (46%) of
pandemic. The survey findings reveal that many business owners however don’t know their
businesses within the industrial sector aren’t business’ EPC rating. Businesses with a
This comes despite energy being the second paying attention to their energy usage, with better EPC rating of (A to C) will typically
highest cost to businesses after tax. During more than half (54%) admitting they don’t save more on their energy bills compared to
the height of the pandemic, one third (34%) know their businesses daily energy usage the average business in their sector.
of industrial businesses introduced energy and 1 in 10 (9%) admit to not checking their Highlighting the monetary benefits that
efficiency measures to help reduce their energy usage. energy efficient measures can bring.
business costs as 8 in 10 (81%) owners think
they pay too much for their energy tariff. To help business owners become more Simon Smith, director of sales and marketing
energy efficient, Yü Energy has released a at Yü Energy said: “The industrial sector
Yü Energy’s survey findings reveal that new energy health check tool which helps really has been impacted this year and
industrial business owners are not energy businesses to visualise their energy use and businesses are looking for ways to save
savvy, with one in five (19%) admitting they spend against the average for a business of money more than ever to survive the
don’t know what type of energy tariff they are the same size and sector in aid of helping pandemic. Being more energy efficient and
currently on or when their plan is up for reduce energy waste and cut costs. The tool checking they are not paying over the odds
renewal (24%). Figures show that involves analysing thousands of energy for their energy can save hundreds of
businesses within the industrial sector could records to calculate whether a business’ pounds on energy bills. That’s why now is
be overpaying by 44% on their electricity bill energy usage is normal or excessive for its the perfect time for businesses to take
and 65% on gas, if they are on a deemed size and type. The tool is simple to use and control of their energy use.”
energy tariff. A business within the industrial provides results within a few clicks.
sector with the average floor area of For a quick way to see how your energy use
2,000sqm could be overspending a huge With over half (54%) of industrial businesses compares against competitors, check out
£17,272 if their energy tariff is out of contract. agreeing that being more energy efficient is the Yü Energy health check tool.
Despite this, two fifths (43%) of business something they are actively working on, Yu www.yuenergy.co.uk/energy-health-check

INDUSTRIAL TECHNOLOGY EXTRA – WINTER 2021 13