A shortage of business energy is one of the biggest fears for UK businesses, a new survey by T-Systems has found.
Sharp rises in the cost of business electricity and gas have also been cited as areas of major concern. The research was carried out in co-operation with the Economist Intelligence Unit and shows that more than 80% of directors and senior executives with large organisations fear sharp price increases and almost 50% expect demand for electricity to outstrip supply within the next five years.
Commenting on the report, Sam Kingston, managing director of T-Systems in the UK, said: “In the near future, access to energy and its careful management will be as critical to business success as, for instance, access to capital and management of capital is today…
“…Smart energy strategies at individual businesses as well as at the national level will need to be supported by advanced technologies that will ensure transparency of usage across the supply chain.â€
Other key points uncovered in the report included nuclear energy will be the primary solution to the UK’s energy needs in the foreseeable future, and that 90% of businesses polled had already taken steps to increase their energy efficiency and cut their costs.
We’d like to know what small and medium sized business owners think the most important areas of the business environment are for the new government to focus on. Secure energy supply polled very highly in this report – do you agree, or do you have different priorities?
To find out how you can save money on your business energy, contact Energy Advice Line.
You can read the full report at Response Source.
Tags: Business Electricity, Business Energy, Energy shortage
