Discover where your business can take action.
Businesses across the UK are currently dealing with the consequences of increasing energy costs. And it is unlikely that this volatility is going away anytime soon. The current conflict in Ukraine has exacerbated the situation, with high energy prices likely to remain even once the conflict has resolved.
Alongside inflation, businesses face major challenges as numerous factors come together to push businesses’ costs and prices higher.
The CBI has worked with its members to identify areas for action to help your business manage increasing energy costs. We will continue to update this page with new information, resources, and member case studies. If you would like to get involved, contact Milda.
For an overview, catch up on our CBI @10am webinars: Dealing with energy challenges this winter and beyond and How can my business deal with rising energy costs? For further information, listen to the podcast and read EDF's advice on what you can do.
1. Adopt and implement energy efficiency measures
Invest in energy efficient technologies, materials, and equipment such as heating and cooling where you can. Not only can you make substantial energy cost savings for your business, spillover benefits include an enhanced Environmental Social Governance (ESG) and corporate reputation. The benefits don’t stop there; properly installed heating, ventilation, and cooling systems can also increase employee productivity.
Actions you can take
- For a quick win, consider changing lighting across a building to more energy efficient options such as LED bulbs and lighting control – this can make a big difference and have long lasting effects
- Ensure proper insulation of buildings
- Sourcing on-site renewable energy generation (such as installing solar PV panels on roofs)
- Use energy storage units to maximise the yield of such technologies, while allowing it to be stored and released when needed.
Exclusive My CBI member-only content
-
Access a member exclusive site
CBI members benefit from the latest economic and political intelligence, thought leadership, practical guides and other exclusives - all on one digital platform
-
Make informed business decisions
Scan the horizon and anticipate risks and opportunities, from economic downturns to policy change, with unparalleled intelligence from our experts
-
Gain ideas and inspiration
Share challenges and ideas with – and borrow brilliance from – a community of business leaders and experts, and grow your profile among peers
Become a CBI member
My CBI is packed with the latest intelligence and policy updates, as well as inspirational thought leadership and helpful guides designed to support your business to grow. Become a CBI member today to gain access.
Become a member
