Cutting the cost of power

The rising cost of gas has dominated headlines recently, but 45% of grid supplied electricity is still generated by gas, so as the wholesale cost of gas increases, businesses are not only being hit by the rising cost of power, but significant increases in non-commodity costs too.

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In fact, the cost of the energy you use makes up an increasingly small percentage of your bill.

In 2011, energy costs represented 65% of the bill. Today, the cost of the power you use accounts for just 35% of the bill and within the next 10 years, only 20% of your bill will be for the power you have used.

Non-commodity costs will account for the other 80%. These avoidable charges include the cost of managing the power distribution and transmission network as well as environmental levies and taxes intended to support the transition to a low carbon economy.

By generating power onsite, businesses can avoid these non-commodity costs altogether and mitigate the risk posed by volatility in the market and fluctuating energy prices.

And it’s not just a guaranteed way of cutting the cost of power – the adoption of onsite renewable energy generation can be a first step towards net zero for many companies, as well as helping the UK to achieve its legally binding climate change targets.

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