Welcome to our first blog of 2019; with the beginning of a new year we will start with a positive blog about renewable energy, why it is so popular, and how it can help you and your business.
Renewable Energy is about utilising cleaner energy, derived from natural sources such as solar, wind, hydro, biofuel and geothermal; this allows us to move away from fossil fuels and the negative effect they have on our environment.
“Benefitting the world and your business”
As well as benefiting the world around us there are many advantages to using renewable energy to power your business.
Energy Security – by generating your own renewable energy or working with an energy supplier who produces electricity using renewables, you are reducing your dependence upon fossil fuel- based energy. Fossil fuel is becoming scarcer and potential disruptions to supply will increase in the future. More renewable energy supply is being added each year.
Government Legislation & Tax – legislation encouraging cleaner and more efficient energy use will only increase with taxation helping to enforce it. It therefore makes sense to be positive in this area and taking advantage of the tax breaks on offer where possible.
Lower Energy Bills –fossil fuel- based energy costs are rising; plus there no signs of this changing . So, while there may be an initial cost to move to renewable energy, over the long term you will benefit from lower energy costs.
Reputation & Marketing – increasingly millennials, and indeed the population, are becoming more focussed on their effect on the environment. Being able to market your business/product as having a smaller carbon footprint can only be beneficial.
There are two options available to you, you could generate your own energy by installing your own equipment such as turbines or solar panels, or you could use a green electricity supplier who provides this for you using a mix of renewable sources. Increasingly these two options are blurring as many businesses are using a mixture of the two or selling their excess energy to such suppliers.
Using a supplier is the easier option as its their responsibility to make sure the supply reaches you as installing equipment can initially be costly. However, if you look at the long term benefits you can start to understand how you will see a clear return on your investment.
“Are your competitors already benefitting from renewable energy?”
Have you looked at installing your own renewable energy recently? Advancements in technology mean that costs have improved, installation and maintenance is far easier and the number of businesses taking advantage of this option have increased. Are your competitors already benefitting?
Feed-in Tariffs – could you be taking advantage of them?
The Feed-in Tariff (FIT) scheme, is a government led initiative which encourages businesses to use more renewable energy technology (for example solar panels; essentially, you are generating your own energy and you also earn money for any surplus energy which can be used elsewhere.
FITs require licensed electricity suppliers to pay fixed tariffs to micro and small renewable and micro-CHP generators for electricity generated and exported to the National Grid. Ofgem advises that these suppliers have certain obligations and all licenced suppliers are required to participate in some aspects of the FIT scheme.
Is there any reason why you wouldn’t be looking to take advantage of them?
“We feel passionate that all businesses should be considering cleaner energy”
Your next steps
At UK Energy Management we feel passionate that all businesses should be considering greener and cleaner energy. We hope that this blog has piqued your interest and you will join us on this journey. UK Energy Management are experts in this field and work directly with renewable energy suppliers and installers of renewable energy equipment to make sure that businesses get the right energy package at the right price. Get in touch with UKEM today.