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5 ways to manage higher energy costs & shrink your carbon footprint

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High energy prices are causing pain for all organisations. But what can you do to tackle rising costs and reduce your carbon footprint?

It’s impossible to predict the future twists and turns of the energy markets, so it’s essential to find smart new ways to manage energy costs and carbon emissions.

Centrica Business Solutions’ energy cost reduction guide reveals five opportunities to use energy sustainably for financial and environmental gain.

5 proven ways to manage cost and carbon reduction

  1. 1. Drive energy efficiency through data. Advanced energy insight technologies provide full visibility of your site-wide energy consumption. This enables you to identify hidden efficiency opportunities, pinpoint operational vulnerabilities; and inform investment and optimisation opportunities.
  2. Generate and store your own low-cost, low carbon power supply. Falling technology costs and higher wholesale energy prices are strengthening the economic case for installing solar PV and battery storage. The return on investment for solar projects has recently increased by a third. For one client we were predicting annual energy savings of £43,000 six months ago, which has now risen to £78,000.
  3. Unlock revenue & cost saving opportunities. By ‘load shifting’ operations with high energy demands from peak periods to a time when energy costs are lower you save on energy bills. Use distributed energy assets, such as solar battery storage systems to unlock flexibility revenues or to provide a green back-up power supply.
  4. Become a sustainable business and gain competitive advantage. Get ahead of increasing energy costs and carbon taxes plus tighter regulation, such as the upcoming Taskforce on Climate-Related Financial Disclosures (TCFD).
  5. Use finance solutions to invest in new energy technology. There are many opportunities to use Opex-based finance, such as our Energy as a Service option, which removes risk, time and financial pressures.

Centrica Business Solutions are experts in delivering integrated sustainable energy projects – helping you to improve your cost, environmental & operational performance.

Download our guide: ‘5 Opportunities to manage energy costs’

No time to waste on Net Zero

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We need less “Blah, Blah Blah” and more action on Net Zero, according to Greta Thunberg.

What are you waiting for? Get moving on your net zero journey to benefit both planet and profits.

You can get ahead of regulatory changes and surging carbon and energy prices to balance both your financial and environmental goals.

Read our new report to find out how green business leaders are delivering on their net zero goals. Discover the most cost effective ways to improve your sustainable energy performance.

Download your report: Why wait to pursue net zero?

CENTRICA: UK firms to invest £15.8bn in EVs this year

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Research conducted by Centrica Business Solutions has revealed that UK firms spent £10.5bn on electric vehicles (EVs) and on-site charging points during the year to March 2021, and are now planning £15.8bn of investment in the same area over the next 12 months – a 50% increase year-on-year.

Two fifths (40%) of those questioned said they had increased the total number of EVs within their fleet between April 2020 and March 2021.

Of these businesses, six in ten (58%) cited the need to meet corporate sustainability targets as the biggest driving factor behind their increased adoption of EV, followed by reducing operational disruption caused by low and zero-emission zones (51%) and the attraction of the lower maintenance and whole-life costs offered by EVs (37%).

Four in ten (43%) businesses hadn’t increased EV numbers at all and 10% decreased their EV fleet size. Range anxiety was reported as the chief concern for a third (34%) of these firms, followed by the need to prioritise business investment elsewhere during the height of the coronavirus crisis (32%).

Despite this, two-thirds (67%) of all companies polled claimed they are well-prepared to operate a fully electric fleet by 2030, when the Government’s ban on the sale of petrol and diesel vehicles comes into effect.

46% of businesses polled plan to install charging points on their premises to facilitate the uptake of EVs across the next twelve months, although more than a third (37%) have already installed this infrastructure. The research also revealed that three in ten (30%) firms have already invested in on-site technology capable of generating the energy to charge their fleet of EVs, such as solar panels, while almost half (48%) plan to do this in the future. 

Greg McKenna, managing director of Centrica Business Solutions, said: “Despite the disruption of the past year, it’s encouraging to see investment in EVs remain a key priority for many businesses. The fact that firms are planning to increase their spending so dramatically over the next 12 months is proof that more businesses are recognising the advantages of adopting low-emission vehicles, especially as they recover from coronavirus and seek to create sustainable growth.

“Now that 2030 is set in stone as the end of new petrol & diesel sales we need to ensure three things to help get us there, sufficient electric vehicles to meet demand, reliable charging infrastructure that’s available to all and a flexible energy system that can deliver green power where it’s needed.”

Rachel Maclean, Transport Minister, said: “As we accelerate towards our net-zero future, I’m delighted to see UK firms at the forefront of the electric vehicle revolution.

“With British businesses set to increase their investment in electric vehicles by 50%, the message is clear – the future is electric. With generous government grants and tax incentives which could save drivers over £2,000 a year, there has never been a better or more exciting time to make the switch.”

Turn your carbon reduction goals into action

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By Centrica Business Solutions

How can you best deliver on your energy sustainability ambitions? What’s the best pathway to net zero for your business? In challenging economic times, how do you achieve both your environmental and economic goals?

Centrica Business Solutions has published a free guide to show business leaders  ‘How to Turn Ambitious Sustainability Targets into Effective Action.’

The guide explains the proven steps senior teams should take to create a highly effective carbon reduction plan that aligns fully with business strategy.

Download our guide to delivering on your carbon reduction goals

5 Opportunities to Reduce your Energy Costs

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By Centrica Business Solutions

In today’s challenging economic climate, it’s more critical than ever to control and reduce business costs.  As a major overhead, energy is a good place to focus. In fact, a 20% cut in energy costs can represent the same bottom line benefit as a 5% increase in sales.

However, many businesses are unclear how best to achieve energy cost efficiencies without jeopardising carbon reduction targets or spending large sums of money.

Centrica Business Solutions has published a new guide that details five opportunities to help businesses manage energy costs to balance commercial success with environmental responsibility. 

The guide explains how advances in technology, digitalisation and new financing models are opening up affordable new opportunities to make long-term energy savings. These methods can help businesses to work towards their net-zero ambitions, while also improving operation efficiency and resilience.

Our energy cost reduction guide shows you 5 proven methods to:

1. Drive energy efficiency through data

2. Unlock revenue opportunities from your energy estate

3.  Create energy independence by generating your own power

4.  Become a sustainable business and gain competitive advantage

5.  Use finance solutions to invest in new energy technology

Centrica Business Solutions partners with organisations to deliver integrated distributed energy projects. We help you to balance commercial success and environmental responsibility to take a cost effective pathway to a low carbon future.

Benefit from our international footprint, expertise and flexible finance – to improve your cost, environmental & operational performance.

Download the new guide: ‘5 Opportunities to manage energy costs’