Businesses may be underestimating the effect the government's new Carbon Reduction Commitment (CRC) will have on their operations.
This is according to a new report by PricewaterhouseCoopers (PwC), which has revealed firms that do a poor job of cutting their greenhouse gas output could add as much as 20 per cent to their annual energy costs in five years' time.
One way to offset the impact of this may be to carry out electricity price comparison and switch to a cheap electricity provider.
However, the business advisory and accountancy firm also noted enterprises that plan ahead and adapt their buildings to make them more energy-efficient will see savings cut by over eight per cent in 2015.
"Businesses need to get on top of the long-term energy, cash flow and reporting requirements," remarked sustainability and climate change partner at PwC David Walters.
A spokeswoman for the Renewable Energy Centre recently hailed the scheme as one of the most positive carbon-cutting incentives to be introduced by the government.
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