Skip to content
Get your free checklist
Home Articles Energy cost is now biggest concern for UK businesses

ARTICLE

Energy cost is now biggest concern for UK businesses

Over 200 large businesses have reported on the real impact the UK energy crisis is having on their confidence to invest, particularly in the crucial measures that will help the UK meet its net zero targets.

Over 200 large businesses have reported to Npower’s Business Energy Tracker that energy cost is now their biggest concern, overtaking Covid-19.

The findings show that 77% of organisations say energy is now their biggest business risk.

82% believe the Government needs to do more to protect businesses from wholesale market volatility. Interestingly, one in five of these believe Government is currently offering no support.

“While some progress has been made, the message coming through loud and clear from this research is that current policy is not doing the job it needs to do to support businesses at a time when energy is their biggest concern.”

Anthony Ainsworth, Chief Operating Officer at npower Business Solutions 

Nine out of ten predict their energy costs will increase further over the next 12 months

Almost half of businesses surveyed thought that the current energy crisis will harm net zero progress.

Most believe the Government needs to do more to help companies, but they are also taking matters into their own hands with investment in measures such as energy efficiency high on the priority list. 

If you have an organisation with buildings in Oxfordshire, you can get in touch with our team for guidance on renewables, improving energy efficiency and making the switch to low carbon technology.

Energy Solutions Oxfordshire is a partnership between Low Carbon Hub and Oxford Brookes. Our team can assess your energy use, help you find finance to improve the energy efficiency of your buildings.

Nine out of ten predict their energy costs will increase further over the next 12 months
Read more
Become energy champion for your workplace. Download your free copy of our Workplace Energy Efficiency Checklist
Get started now

You might also like…

Energy Efficiency Quick Tips for GP Practices

Understanding your heating controls  Heating controls are essential for achieving energy efficiency in buildings. By understanding how these controls work, you can avoid wasting energy in unoccupied spaces or having competing heating and cooling running at the same time.  Manuals for heating controls can be found on a manufacturer’s website. Ensure staff know which of…
Read now >

Support for businesses and organisations in Oxford City – Build Back Better (Ended December 2022)

This support offer has come to end as of December 2022. As energy prices skyrocket for businesses, we’ve gained new funding to support organisations in Oxford City. If you have a building in Oxford City and want fully funded energy efficiency support, you should get in touch. Our experienced team can provide energy assessments and…
Read now >

Get a fully-funded energy assessment

We’re sharing news about a fantastic opportunity for Oxfordshire organisations. The Voluntary Community and Social Enterprise (VCSE) Energy Efficiency Scheme, funded by UK government, is providing building energy assessments to organisations with charitable, benevolent, or philanthropic purposes who are running frontline services. 
Read now >

Government financial support for businesses

The UK government is committed to aiding businesses by providing financial support geared towards addressing challenges related to energy bills, financing schemes, and tax incentives for energy efficiency investments. This government initiative is designed to benefit your business by facilitating energy efficiency investments that have the potential to significantly reduce costs over an extended period.…
Read now >
Home Articles Energy cost is now biggest concern for UK businesses