Confidence in energy efficiency industry is soaring

The level of consumer confidence in the energy efficiency segment is soaring, a new report from Bloomberg New Energy Finance (BNEF) can reveal.

The research points out that throughout Q1, 80% of suppliers say order levels are either remaining stable or growing and this optimism carried forward to their strong predictions for future growth.

Although the sector's view on government action has softened over the last six months it remains negative, with more than half of suppliers considering energy efficiency policy to be ineffective.

The quarter also saw a sharp rise in smart metering and air conditioning technologies, while consumer spending rose this quarter, with average project values edging to a new high of £260,000 per project, compared to £50,000-£100,000 when the survey began in 2012. Customer payback expectations softened slightly, moving out towards four years and customer satisfaction results were strong.

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