An increase in energy efficiency projects commissioned in the last quarter of 2016 reflects the UK’s strengthening economic growth.
That’s according to a new report from EEVS Insight and Bloomberg New Energy Finance, whose survey of 68 UK-based energy efficiency professionals reveals 80% of them commissioned energy efficiency projects during that period compared to just 67% in the second quarter.
This boost in project numbers correlates with economic growth in Q4 rising at its fastest rate in 12 months.
However, while order numbers showed positive growth within the energy efficiency sector, the value of orders contracted.
Projects valued at more than £500,000 dropped to only 10% of all projects commissioned, compared to 22% in Q3 2016 and 24% in Q2 2016.
Ian Jeffries, EEVS Director, said: “This quarter’s results represent something of a double-edged sword for the sector. On the upside, supply side confidence increased on the back of strong order book growth.
“But on the flipside, our analysis shows that the value of consumer spending per order dipped. So whilst organisations were content to make positive purchase decisions, a degree of ongoing caution means that the value of those purchases tightened in the final quarter of 2016.”
The social housing sector is willing and able to carry out energy efficiency retrofits.