Using less energy is a ‘great insurance policy’

Cutting down on energy consumption is a “great insurance policy” for businesses, according to Stuart Thorogood (pictured), Managing Director of Schneider Electric in the UK & Ireland. He said efficiency […]

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By Priyanka Shrestha

Cutting down on energy consumption is a “great insurance policy” for businesses, according to Stuart Thorogood (pictured), Managing Director of Schneider Electric in the UK & Ireland.

He said efficiency is a great way to reduce energy use and that businesses need to be aware of how much energy they’re using and the costs involved.

Speaking to ELN at the Energy Live 2013 conference last Thursday, he added: “A lot of people don’t have a really good grasp of what they’re actually consuming or how they’re consuming their energy. So the first thing you need to do is understand what you’re consuming.”

Mr Thorogood said businesses are looking for more advice now on how to reduce costs as energy prices are rising.

He added: “It’s a part of the business that has more inquiries that it can handle and one of the drivers is that – energy prices going up. We can see that but we see generally more of an awareness about the whole topic of energy efficiency, corporate social responsibility and people do take it seriously now. There is legislation in some areas of course which means some companies have to do it.”

Setting targets is key, according to Mr Thorogood: “You have to set targets, you have to push and if energy prices go up again 10% next year and you’ve reduced your consumption by 10%, you’re on a par. It’s a great insurance policy.”