UK Industry Offered £10 million to Improve Energy Efficiency

Posted by  Sarah Evans 31-Oct-2014 10:18:00

Marketing Communications Manager with over 20 years experience and a keen interest in new product and service innovation.

Energy Secretary, Ed Davey, has announced that £10m will be made available to UK businesses to helpUK-industry-to-improve-efficiency improve energy efficiency and reduce overall demand.

Speaking at the CBI’s Energy Conference, Mr Davey highlighted that £45bn had already been invested in the energy sector between January 2010 and December 2013, with almost £8bn of that dedicated to renewable technologies.

He then went on to detail the £10m Electricity Demand Reduction auction scheme which will be launched, as part of a £20m pilot budget. Businesses will compete for a share of the fund in order to finance projects which would reduce energy demands and in turn cut the cost of electricity bills and see a reduction in carbon emissions.

One of the Government’s key criteria is for a business to deliver 100kW of savings through the peak winter period. Expressions of interest opened on the 29th July and over 300 organisations have already indicated they are considering participation.

 

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Topics: News, Best Practice, Efficiency

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