Energy assessments specialist welcomes new fund to boost energy efficiency
The government has launched a new energy reduction scheme, which is designed to incentivise businesses, industry and other organisations to lower electricity demand in the UK.
Announced at the Confederation of British Industry’s (CBI) energy conference, the Electricity Demand Reduction (EDR) auction will enable organisations to compete for funding from a pot of £20 million. The money will fund projects that will “unlock the untapped potential of better efficiency in electricity use,” according to Ed Davey, Energy and Climate Change Secretary.
Over 300 organisations have already indicated they will participate in the Expression of Interest for the first £10m, which opens on the 29th of July. At Concept Energy Solutions, an expert in energy feasibility studies, we advise organisations on energy reduction initiatives that are most suitable for their business.
Concept Energy is an energy assessments firm and Peter Stockwell, one of our directors, says: “There are so many competing technologies out there – it can be confusing to know what is the most efficient investment for an organisation, given its individual circumstances.”
He adds: “Our experience with energy feasibility studies has shown that, after an energy survey, these are the best way to find appropriate energy reduction opportunities that maximise environmental benefits and financial savings for every business type.”