46% of senior managers clueless on their firm’s energy spend
53% of respondents think their management has a negative or neutral response to the importance of energy policy
While 18% of UK businesses spend up to £250,000 a year on energy, 46% of senior managers have admitted to being in the dark about what their company spends on energy, according to research from E.ON and Telegraph Media Group.
The study of 760 senior UK managers and directors of small and medium enterprises discovered that 67% have no understanding of how their business buy its energy, who buy sit (54%), while nearly half claimed to have only a “limited understanding” of costs.
53% of those surveyed said their management has a negative or neutral response to the importance of energy strategy, while 48% stated that it was necessary for companies to have a short-term energy policy.
Respondents cited a lack of time (43%), lack of resources (39%), lack of funds (37%) or lack of knowledge (36%) as the main reasons management showed a lack of interest in energy policy.
However, 42% of smaller businesses and 68% of larger businesses did have someone responsible for energy strategy, with 76% of those decision-makers having a reduction strategy planned and 68% having decided on a compliance and legislation process. 40% admitted to having plans to generate revenue from surplus energy.
Despite this, 36% of energy decision makers did not believe their board places enough importance on energy as part of their business strategy.
Phil Gilbert, director of customer solutions at E.ON for Business, said: “Energy is changing, with new solutions that give businesses of all sizes the power to control their energy use, improve competitiveness and also put money on the bottom line.
“To make the most of this opportunity energy needs to be thought about in the right way and at the right level – this is a strategic decision that rightly sits in boardroom discussions.”