What percentage of your energy supply is renewable?
A new study reveals that the cost of going 100% renewable will add just 1% to your bills, whilst bringing significant benefits to your organisation.
One of the easiest ways to cut your carbon footprint and support renewables is to simply switch to a renewable energy supplier. It is surprising how often businesses become instantly focused on generating their own renewable energy supply without first considering what percentage of their current grid supply is renewable.
Whilst it often makes financial sense to install a renewable energy system on-site, it is highly unlikely that your business would want to move completely off-grid. The vast majority of renewable energy systems are grid-connected because their supply is intermittent and you will need to be able to draw power from the grid when it can’t be provided by the renewable energy system.
A recent report from Smartest Energy found that making the switch to a 100% renewable supply can add just 1% to your bills, whilst bringing a host of other benefits. These include meeting carbon targets, improved company image and CSR that attracts new customers and employees and increased employee engagement that can drive further energy savings.
The report also highlights what significant impact making the switch to renewables could have on helping to meet the UK and global climate change targets. During the recent Paris Climate Summit a £352 billion coalition of investors called on businesses to commit to 100% renewable electricity by signing up to an agreement called RE100.
Google, Unilever, BMW and Nike are among 53 global brands (as of January 2016) who have joined the RE100 campaign and committed to using 100% renewable electricity across their global operations.
The Climate Group has calculated that if the world’s top 1,000 companies all switched to 100% renewable electricity, it would cut global carbon emissions by more than 3%. If the entire global private sector followed, that would cut global emissions by nearly 15%.
Another important benefit is the increased support for renewable energy investment. This is going to prove particularly vital for the UK, where the government has decided to cut support from subsidies.
Figures from DECC (Department of Energy and Climate Change) show that up to 60% of the UK’s energy consumption is non-domestic. Businesses have the power to effect huge change to our energy industry by simply switching supplier and supporting renewables.