UK retailers risk wasting up to £1.25bn each year through inefficient lighting in their stores, according to research released today by a new energy efficiency fund, Energy Works.
Findings from Energy Works, the new energy cost saving solution for corporate and public sector organisations, have also revealed the British retail industry is currently spending almost £8bn a year on electricity bills.
While lighting accounts for one fifth of the electricity used in the UK, for retailers it can be as much as 40% of their yearly electricity costs. Moreover a retailer’s average annual electricity bill per store can be as much as £27,240. This could be significantly reduced to £22,881.60, a saving of £4,358.40 a year, by switching to LED lighting.
Harvey Sinclair, partner, Energy Works, said: “The past decade has seen the high street battle against increasingly challenging storms, and rising energy costs is just one element that retailers now have to face. However, by taking simple measures such as changing in-store lighting and gaining a better understanding of their overall energy usage, retailers can dramatically reduce their annual outgoings therefore unlocking hidden profit.
“We understand the prospect of switching to LEDs can be perceived by many as an expensive process. As a result we offer our clients a completely free of charge LED re-fit in return for a percentage of the electricity savings made over the contract period: typically up to 10 years. We hope this new incentive will not only work as a financial support for many of our well-loved high street stores but will also reduce the strain currently felt by the National Grid.”
Energy Works’ top tips to cut down on electricity bills:
Reduce heat loss by installing automatic doors
Replace out of date and inefficient lighting with long-lasting, quality LED
Ensure all electrical equipment is turned off when not in use
Make sure display lighting is up-to-date
Check the controls for heating and cooling at are the correct setting
According to a previous Energy Star abstract, unless breweries take the necessary steps to improve their facilities’ energy efficiency, they are likely to collectively lose more than 200 million on energy consumption each year. That’s precisely where installing industrial lighting fixtures may prove to be a sound investment.
Industrial lighting fixtures have the capability to significantly reduce a brewery’s yearly utility and maintenance costs. In addition, there may be LED industrial lighting rebates and tax credits available to businesses as well. The list of Colorado based utility companies that have a history of offering such rebates to businesses include, but are not confined to the following:
-Morgan County Rural Electric Association
-Mountain View Electric Association
-San Miguel Power Association
-La Plata Electric Association
-Platte River Power Authority
-Colorado Springs Utilities
-Poudre Valley REA
-Black Hills Energy
In addition to being more cost-effective, LED industrial lighting fixtures…
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