The Bloomberg New Energy Finance (BNEF) Group issued a report analysing the level of adoption of energy efficiency measures in the UK energy sector.The whitepaper EEVS/Bloomberg Energy Efficiency Trends Survey Vol 17 comprises answers to a survey on energy efficiency adoption since June 2016 through to November 2016 in the UK.
The report was put together using survey responses collected from a survey of by 65 UK energy stakeholders including 35 consumer organisations and 29 energy efficiency suppliers.
The report discusses energy efficiency adoption by non-residential customers including utility firms, commercial organisations and government departments.
The whitepaper is BNEF’s fourth and last report on energy efficiency in the UK this year.
Energy efficiency adoption
According to the findings of the white paper, supplier-side confidence on the growth of the industry rose due to the shock that has subsided brought by the Brexit vote, and an increase in orders for energy efficiency equipment and technologies.
BNEF’s market monitor which monitors trends in supplier order books, staffing levels, sales and government action improved from -38 to -14 points.
The number of proffessionals in the energy efficiency sector and customer demand on energy efficiency solutions remained stagnant since July through to this December.
However, consumer and supplier confidence towards the government’s management of energy efficiency policy dropped to its lowest level since the BNEF started monitoring energy efficiency trends in the UK.
The decrease has been due to the lack of confidence by the UK population on the ability of the government to manage the UK economy as a whole.
41% of the interviewed energy efficiency stakeholders say customer demand is leading amongst factors positively driving the adoption of energy conservation, whilst 14% states that national competition is driving the growth.
14% say policy uncertainty is negatively impacting on the market.
Energy efficiency spending
On the consumer-side, the adoption of high-efficiency lighting systems continues to lead the sector although energy efficiency suppliers have in the past six months recorded a decline in their sales.
However, building and energy management and performance monitoring systems have increased in popularity over the same period.
The number of organisations spending above GBP100,000 on energy efficiency programmes has increased from 27% to 56%. [BNEF analyses impact of Brexit on UK energy efficiency]
The BNEF estimates that investments in medium-sized energy efficiency projects have increased from GBP47,000 in the first quarter of 2016 to GBP144,000 in the second quarter and GBP256,000 in the third quarter of 2016.
Image credit: www.energycollective.com.