Energy efficiencies to save UK £4bn according to report
DECC’s energy efficiency and demand side policies were estimated to save the UK £4billion on its energy and transport bills in 2014 and a total of £18billion on energy and transport bills in 2020, according to the Energy Efficiency Statistical Summary 2015 issued by the Department for Energy and Climate Change.
Posted on 17 February 2015.
Whilst the devastating consequences of climate change continue to be far-reaching and long-lasting, the report contains some glimmers of optimism that the UK is at least on a path towards more sustainable energy use.
Since 1980, the GDP of the UK has more than doubled, while final energy consumption is at a similar level. UK energy intensity, as a measure of energy consumption per unit of GDP, has fallen by 52 per cent over this period. And whilst we tend to credit countries such as Canada and Germany with environmental excellence, according to the report since 2003 the UK has had the least energy intensive economy in the G7. In 2012, the UK’s final energy intensity was 33 per cent below the G7 average and 23 per cent below the EU28 average.
In 2014, 64 per cent of savings come from the domestic sector but this is set to drop to 50% by 2020 and forecasts for future energy reductions required to achieve Governments targets point to industrial consumers as needing to make the greatest savings proportionally.
Industrial consumption accounted for 16 per cent of total UK final consumption of energy in 2013, with the largest consuming industrial sub-sector being the chemicals sector which was responsible for 14 per cent of total industrial energy consumption, followed by the food, drink and tobacco sector and the mineral products sector which both consumed 12 per cent.
As the largest consumers of energy these sectors have the greatest potential for energy savings. Whilst some organisations take energy efficiency extremely seriously, we know that some do not and that there is still enormous potential for energy and therefore cost savings. We all have a morale as well as an environmental and fiscal responsibility to further improve our efforts in reducing our energy consumption.