Industrial sector overspending on energy by £2.2bn annually

Posted on 3 Jul 2013 by The Manufacturer

A new report has revealed the industrial sector is overspending on energy by over £2.2 billion per year.

The analysis, carried out by the Energy Efficiency Financing (EEF) scheme, found industries were overpaying on their energy bills because of inefficient technology, equipment and controls. The scheme, which provides business finance for the acquisition of energy-efficient equipment, highlights the difficulties that businesses have raising finance for energy-efficiency investments in the current economic climate. Darren Riva, head of…

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