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UK energy efficiency
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23 February 2016

UK energy efficiency: government policy limiting market growth – report

Global market research company Bloomberg New Energy Finance (BNEF) has in January issued a white paper on the UK’s energy efficiency trends.

The report analyses the UK’s energy efficiency activities from both a consumer and energy efficiency supplier perspective in Q3 2015.

To compile the study, BNEF conducted a survey that included 38 UK consumer organisations and 29 suppliers between 14 October, 2015 and 14 December, 2015.

On the supplier side, the report findings state that the UK’s domestic policy landscape continued to limit utilities’ engagement in implementation of energy efficiency programmes as suppliers confidence with regards to the government’s management of energy-efficiency policy remained flat.

However, customer demand remained the dominant category of concern for energy efficiency suppliers.

BNEF says its market monitor, which combines trends in UK energy efficiency suppliers’ order books, staffing levels, sale prices and government action, fell for the third consecutive quarter in Q3 2015 to just 23 points.

The decrease was as a result of a continued downward trend in national orders, a dip in the number of staff employed, and a marginal drop in reported sale prices for Q3.

Overseas orders was the only supplier category with a rising confidence in Q3.

On the other hand, eight out of 10 consumers reported that they commissioned new projects in Q3 2015 resulting in an increase in implementation of energy efficiency programs by consumers.

Energy efficiency - larger investment projects

According to BNEF, the UK experienced a growth in larger investment projects as well as adoption of lower-profile energy efficiency technologies including boiler controls and lighting based technologies.

Up to GBP50m was invested in smaller scale projects, GBP500m in large projects whilst investments in middle ranged projects decreased with one out of five organisations confirming participation.

Lighting based technologies outperformed other energy saving technologies. However boiler controls recorded increased adoption due to winter seasons’ demand.

In regard to benefits due to investments in energy efficiency, offices, industrial and manufacturing sectors, and education represented leading property based categories.

With 62% adoption, energy meters are the mostly widely used methods for measuring savings of engagement programmes.

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