Businesses need to “look before they jump”

With more than 90% percent of FTSE 350 companies planning to invest in carbon and energy consulting in the next 12 months, according to research from independent analyst firm Verdantix, the drive for energy efficiency and savings needs to shift away from ‘blue sky’ ideas to a more pragmatic approach which will deliver cost savings and business credibility.

Power Efficiency, a leading UK carbon and energy procurement consultancy, feels that this is both a threat and an opportunity for UK businesses – there is a lot to gain both financially and environmentally from this drive towards greener business practices.

The research from Verdantix contained in a report entitled “Green QuadrantÆ Energy Consulting UK” , showed that† the renewed focus on reduced energy consumption and efficiency is being driven by a range of factors, including; volatile energy markets and new energy regulations, as well as a general need to reduce costs.

According to the report, this pressing need is making many businesses turn to external experts and consultants to help them implement the correct strategy; “Energy price volatility, carbon management, cost savings and energy efficiency regulations drive increased demand for energy consulting.”

The report claims that 80% of the firms it surveyed in the FTSE 350 had hired an energy consultancy in the last twelve months and that 93% planned to hire these types of services in the next 12 months. The report states that; “Firms that hire consultants do so for two reasons: 1) lack of in-house technical expertise; and 2) the need for extra human resources.

Customers hire consultants to deliver a large range of energy services.” In line with these observations, Power Efficiency believes that businesses run the risk of being left empty handed should they not implement a strategy based upon sound knowledge and understanding of the options available and best suited for their markets and type of organisation.

More information: www.verdantix.com