Business energy reductions 'compromised by reporting costs'

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

Many firms in the UK do not have the necessary equipment to report their carbon footprint, meaning any savings made on business energy are affected by the extra costs being felt in this area.

The introduction of the Carbon Reduction Commitment Energy Efficiency Scheme means organisations must show the fuel they are using – something that is creating new bills in itself.

John Lunt, managing director of Certero, explains many companies have yet to get their hands on the tools required to measure energy use efficiently.

"In a nutshell, this stuff is so new their reporting mechanisms just aren't there, so people are doing it manually," he states.

It means some firms have the potential to reduce their business energy costs further, both by making a switch of provider and by investing in the required technology.

A report by Deloitte last month noted an overhaul of fuel reporting standards in the UK would be extremely beneficial.

Posted by Anne Yevel

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