Most SMEs expect energy costs to rise, research reveals

The large majority of SMEs are bracing for some significant hikes in terms of energy-related costs, a brand-new market research study has revealed.

According to the survey by price comparison site Make it Cheaper, nine out of ten SME owners (94%) believe that energy prices will go up in the near future, with two thirds (67%) expecting prices to increase by over 10% in the next year.

Furthermore, the same market study has revealed that energy bills are seen as the “most unfairly priced cost” for small businesses (28%) with fuel coming in second (21%).

Despite claims by the energy industry that bigger bills are down to increased taxes, only 11% believed them, with 45% blaming suppliers’ “determination to make a profit come-what-may”. Additionally, nearly a quarter (23%) of people said too much reliance on energy being imported into the UK was the most likely cause of energy price inflation, 11% blamed it on the government’s environmental subsidies included in bills while 10% said it is due to the lack of competition between suppliers in the energy market.

Implementing an efficient Building Energy Management System is one of the most effective methods for companies to cut their overall energy bills.

Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.

If you’d like to find out more about the savings enabled by the HeatingSave Building Energy Management System, just contact our dedicated product team, they’ll be more than happy to answer all of your questions and queries.