Business energy users can avoid ‘highly possible’ future price rises

Business energy users can sidestep price rises predicted in a new report by the London School of Economics by taking charge of their efficiency, according to npower. The UK energy […]

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By Vicky Ellis

Business energy users can sidestep price rises predicted in a new report by the London School of Economics by taking charge of their efficiency, according to npower. The UK energy supplier commissioned the Future Report, called “Demanding times for energy in the UK”, which assesses what could happen if the Government fails to balance the cost to businesses with a need to cut carbon emissions and keep a steady supply of energy.

Four possible scenarios for the future of the UK were analysed. If the Government’s current plans are held to, the report found this could create a clean and secure, if somewhat, expensive, energy sector. But other scenarios suggest it is also possible that costs will spiral or investment fall short. Volker Beckers, CEO of RWE npower said the scenarios outlined “are entirely possible”.

The knock-on effect for businesses could be countered though, said the energy supplier’s industrial and commercial markets director Wayne Mitchell: “Whatever happens in the future, business energy users can take control by becoming more energy efficient, controlling the timing of their consumption and relying on their own stand-by generation when it is economic to do so. Organisations that actively manage their energy demand not only reduce the risks for themselves, they also become part of the solution and can help the grid match supply and demand.”