Energy price concerns not matched with action - report
Worries about volatile energy prices are not being matched with plans to mitigate against them, a new report has found.
‘Energy on an Industrial Scale’, commissioned by Mitsubishi Electric, surveyed 200 senior decision-makers in UK manufacturing about how the sector can increase its overall resilience.
It found that 91 per cent of respondents expressed concern over energy price security and 85 per cent were worried about grid resilience. Despite this, 24 per cent of those questioned had a fully implemented on-site energy management system and 27 per cent employed a dedicated energy manager.
In a statement, David Bean, business development group manager at Mitsubishi Electric Automation Systems UK, said: “These statistics are not only eye-opening at face value, they need to be considered within the context of how energy pricing has changed in the past few years. The sector is just coming out of one of the worst energy crises in modern memory, and the impact of this price volatility is yet to be fully felt.
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