MENUMENU
  • Home
  • Free Subscription
  • Latest digital editions
  • Market reports
  • Events
        • The EV Event
          • Register
        • The Energyst Event
          • Photos
          • 2018 presentations
          • Videos
        • Battery storage event
          • 2018 Photos
          • 2018 presentations
          • Photos
        • DSR Event
          • Photos
          • 2018 presentations
          • 2017 presentations
  • Advertise
    • Our Publications
  • About Energyst Media
    • Contact Us

theenergyst.com

  • Policy & Legislation
  • Energy Procurement
  • DSR
  • Energy Management
  • Renewable Energy
  • Water Efficiency
  • February 21, 2019
You are here: Home / DSR / UK firms plan major energy efficiency push ahead of power price spikes

UK firms plan major energy efficiency push ahead of power price spikes

December 4, 2015 By Brendan Coyne Leave a Comment

Directors report 2015 front cover image

The 2016 Director’s Report will also measure changes in sentiment and actions compared to last year’s report.

More than nine out of ten (93%) company directors plan to implement energy efficiency or demand response measures in 2016.

Surveyed by The Energyst ahead of the 2016 Directors’ Report, almost eight out of ten (79%) said that energy had become more of a strategic focus for their organisation over the past 12 months.

Around two thirds of those surveyed to date (68%) said they had a plan in place to reduce exposure to energy supply or price shocks.

While some industry commentators have predicted extreme supply shocks in the coming months, others believe the UK power system is robust enough to avoid blackouts despite thin generation margins. National Grid has consistently reiterated that it has the tools to cope. However, such slim margins, as well as changes to the UK’s balancing and settlement regime, will make the power market more volatile in 2016, brokers have warned. That means spikier prices.

As wholesale power costs now make up only around half of the total power bill, firms that can reduce demand permanently or dynamically in response to price signals will therefore save or earn more money.

Around a third of directors (36%) said their firms could be more flexible with power consumption, but only a small minority (11%) said they currently participate in demand response mechanisms.

Full findings of the survey, including the actions directors believe government should take to decarbonise the sector at lowest cost and which green tax changes would make them more competitive, will be published in the full Directors’ Report in January.

The survey is still open to company directors and senior management. Take it here. Those that take the 5-10 minute survey will receive a printed copy. The report will then be made available as a free download at thenergyst.com.

Figures in the final report may change with full survey data.

Related articles:

Free report: How businesses think demand side response must change

Free report: Financing Energy Efficiency – why are projects failing for lack of finance?

UK firms expect power prices to rise 10% in 2016

National Grid plays down blackout fears but calls for more demand response

Energy price spikes or not, flexibility unviable for major users

Is Triad past its peak?

Lord Redesdale bets on ‘blackouts or brownouts’ by Christmas

Utilitywise bets against Lord Redesdale on blackout risk

Energy intensive users ‘to be refunded energy policy costs’, says Cameron

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.

Share this article:

  • Tweet
  • Email
  • Print
  • More
  • Pocket
  • Share on Tumblr

Filed Under: DSR

About The Author

Contributing editor at Energyst Media, Brendan is keenly interested in demand-side response, battery storage and smart grid technologies.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

2019 Energy outlook podcast

Top Posts & Pages

  • Capacity Market: Ofgem rejects plan to collect payments during suspension
  • London calling for £500m energy contract
  • Centrica eyes gigawatts of household solar and storage
  • Utilitywise calls in administrators
  • Ashford Council sees £7m income from 9MW solar farm
  • WPD tenders for 93MW of demand-side response
  • Good Energy steps up b2b battery storage push
  • £320m heat network fund open for applications
  • Solar fund plans £20m commercial rooftop PV spree
  • Think tank calls for low carbon gas obligation

RECENT COMMENTS

  • Andrew Warren on Capacity Market: Ofgem rejects plan to collect payments during suspension
  • Anonymous on Capacity Market: Ofgem rejects plan to collect payments during suspension
  • Andrew Warren on Capacity Market: Ofgem rejects plan to collect payments during suspension
  • Andrew Warren on Think tank calls for low carbon gas obligation
  • Ian Byrne on Councils and transport firms given £44m for electric buses
  • Ian Johnston, CEO, Engenie on Grid operators move to cut EV charging point bottlenecks
  • John Charles Brown on You only live twice: battery storage from EVs
Tweets by @EnergystMedia

theenergyst® | Copyright © 2019 Energyst Media Ltd

Website users agree to abide by our Terms & Conditions and Cookie Policy

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.