Businesses looking to enhance their
energy efficiency should rethink past decisions to offset potential increases in energy bills, an expert has suggested.
Following the recent publication of the government's white paper highlighting plans for increased investment in
renewable technology, an expert from the Green Alliance has said that proposals outlined in the report should spur firms on to improving their energy efficiency.
Thomas Lingard, the group's deputy director, told BusinessGreen.com that making
energy-saving investments is "common sense", following suggestions that energy bills may rise.
"The hurdle for energy efficiency investments is always the payback period, but rising energy prices will cut that period quite significantly," Mr Lingard stated.
"That means businesses that have looked at investments and decided against them should look again, given price rises will be higher than anticipated a few years ago."
As part of the government's Low Carbon Transition Plan, the latest Renewable Energy Strategy has set a goal for the UK to generate almost a third of its electricity from
renewable sources by 2020.
