Our economy is undergoing an energy transformation, as we move away from fossil fuels and begin to embrace renewable energy and decarbonisation. Will your business be ready for the new energy economy?

Electricity demand will increase – and costs may also rise

The price of renewable power is falling, thanks to the massive proliferation of wind, solar and hydro projects worldwide. However, demand is rising rapidly. Fossil fuel cars and gas fires are being replaced with EVs and heat pumps. Buildings are now heated with electricity, not coal or gas boilers.

Greater demand will put pressure on our national grid, which will require massive investment into our energy infrastructure. This may result in higher electricity costs – while the price of fossil fuels is also likely to rise.

Why not start thinking about how your business can plan for higher transport and energy costs in future? Using less energy will make your business more resilient to higher prices.

The way we move is changing

As transport is decarbonised, you need to be prepared for your customers and staff travelling in different ways. Don’t assume people will drive to reach you.

For instance, you may need to consider providing EV chargers in your building or car park, for staff or visitors. You may find subsidised public transport is a drawcard for new employees. And do you have space for those who run or cycle to shower when they arrive at work?

Technology can help manage energy use in your business

Tech tools can be an excellent investment for managing energy use – from automatic lighting systems that save power to energy use apps to smarter heating and cooling. Choose efficient lighting and equipment, consider insulation, and use online meetings instead of travelling.

For more ideas, visit GenLess for businesses. You might also like to visit the Sustainable Business Network website, where you can find other tools and resources to support your business as we move toward a new energy economy.

How do the numbers stack up?

If you’re wondering whether it’s worth investing in a new charger or tech product, we can help. We’ll work with you to run the numbers on a prospective investment, weigh up the economic pros and cons, and help you make informed decisions.

Drop us a note or give us a call, we’d love to hear from you.