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New report shows British businesses give show of support for planned energy changes

  • Over half (51%) of those surveyed believe that backdating compensation will help businesses stay competitive
  •  This is despite the fact that nearly three quarters (74%) of the respondents were unaware of the upcoming consultation
  • Businesses are keen to get involved with half of all respondents saying that they would like to take part

New research from npower Business Solutions has revealed that many British businesses believe upcoming changes to energy legislation will have a positive impact.

As part of its wider Comprehensive Spending Review in November 2015, the Government announced its intention to replace the existing compensation arrangements for RO/FiT with an exemption scheme. A consultation on this proposal is expected in the coming month.

There seemed to be clear support for the move towards exemption and backdating compensation. Over half of those we surveyed (51%), regardless of whether or not they were eligible, believe that backdating compensation will help businesses stay competitive.

There was also considerable interest in the upcoming consultation, with half of all respondents saying that they would like to take part, and should have their say given the potential implication of the changes upon their businesses.

When asked if they were aware of the proposed changes to RO and FiT, 54% of manufacturers highlighted that they had no knowledge of Government plans. This lack of awareness was shared by the retail sector, despite the potential financial implications. Over six in ten retailers (64%) also said that they were unaware of the changes.

David Reed, Head of npower Business Solutions said: The proposed exemption would represent good news for the businesses and sectors which are eligible. Making regulatory processes more transparent and more straightforward would reduce the burden on businesses and would provide them with greater clarity about their finances.

 

“A majority of retailers and manufacturers we spoke to were not aware of the upcoming consultation. That’s why we’re working with the Government to host a round table event, to explain these upcoming changes to businesses and discuss the proposed benefits.

 

“In addition, much of the detail is still to be confirmed and so we hope that the policy will be executed in a proportionate way, with the Government being mindful of the potential distributive impact. We would encourage all businesses to take part in the consultation and to make sure they receive all the support that they are eligible for.”

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ENDS

Notes to Editors

 

About npower

  • npower is one of the top energy suppliers to the UK business market, serving over 238,000 small to medium sized enterprise sites and around 23,000 industrial and commercial customers, with over 100,000 sites.

  • npower is dedicated to helping UK businesses use energy more efficiently and therefore spend less money on their bills.  We aim to have a positive impact on the communities we serve and reduce our customers’ carbon footprint whilst always improving our service to our customers.

  • npower specialises in risk management solutions, including market-leading flexible energy purchasing, energy efficiency, and broader energy management functions, tailored to every size of business.

  • npower is committed to helping its small business customers to improve their energy efficiency. npowersmartstart offers business customers advice and guidance on reducing energy consumption. New business customers receive an energy monitor designed to improve their consumption awareness as well as access to a dedicated energy efficiency telephone helpline and website.

  • For major energy users, npower offers multi-utility management consultancy to enable organisations to improve efficiencies right across the procurement/consumption chain. 

  • npower customers include BT, Tata Steel and Sainsbury’s.

     

    About the research

    All figures, unless otherwise stated, are from the joint npower/Censuswide survey of UK manufacturers and retailers. Total sample size was 200 in the manufacturing and retail industries in companies of 250+ employees. Fieldwork was undertaken in March 2016.