Increasing costs are obviously one of the main challenges we face as “energy managers” and this challenge is evident across a multitude of industries. Over the last 7 years of working at amber energy I’ve worked to minimise the energy cost increase in the Hospitality Sector. Over these years I’ve gained the experience and knowledge to find savings for our clients in a world where all you hear about is spiraling energy costs.
There’s no shying away from the introduction of the National Living Wage in April 2016 as it’s the most significant change in pay related legislation since the introduction of the National Minimum Wages in 1998. Of course, it’s an important legislation to have as workers will be entitled to a decent wage – but there’s no denying it has increased costs for businesses over the UK.
With legislation appearing to continue to shape the landscape of the industry through to 2020 and beyond, it’s clear to see the likeness to the energy industry.
In the energy sector, government legislation continues to push the costs skywards as businesses are pushed to achieve renewable and carbon reduction targets. It’s clear that the importance of the price of the actual energy you consume is decreasing and consumers need to look beyond this to yield the savings they may have seen in previous years.
The story rings true that those in the hospitality industry that have adopted a long term energy strategy (we are talking 3,4,5+ years) will find themselves well positioned to manage the changes and take advantage of opportunities in the market.
Whilst little can be done to stop Mr Cameron increasing the taxation elements of your bill, you can do something. By ensuring effective wholesale purchasing, ensuring all site inefficiencies are identified (and sorted!) and taking advantage of any energy reduction projects you cover all other aspects of your energy bill.
In a world of ever changing legislation and not just in energy but across all areas of your business, it’s important to stay ahead of the game and that’s why amber energy focus on long term partnerships.