The energy regulator Ofgem, is expected next week to announce a price cap increase for gas and electricity, impacting on millions of businesses at a time when finances are at their most stretched.

However, the use of renewable energy technology could provide a solution for business owners reduce their monthly bills.

The Problem?

New reports show that Ofgem is expected to announce a 13% rise in the energy price cap.

This price hike has been caused by an increase in the cost of wholesale energy production which has lead to a rise in the price cap in order to cover this.

What Is The Solution?

Despite this news, there is a tried and tested solution to rising energy bills, and that is – renewable energy technology.

One of the best of these technologies we have available is solar PV, which can be installed on top of the premises to capture the sun’s rays and then convert it to useable energy.

The benefit of this is that your building can become more independent from the National Grid by providing the site with its own source of renewable energy. In addition to this, you can store the excess energy in a battery storage system to be used at a later date.

Solar PV is well-known to be a fantastic long-term solution for a wide range of businesses as the low maintenance costs and steady generational output means that they can focus on their day-to-day operations.

Why Is This Important Now?

In addition to rising energy bills, the cost of petrol is also set to rise as a result of the plans to reach net zero carbon emissions by 2050. This means that running a petrol can could increase by more than £100 a year.

However, switching over to an electric vehicle fleet could allow businesses to take advantage of favourable funding schemes and government grants.

This is now more important than ever as extreme weather events are becoming increasingly common across the world, as we’ve seen by the recent wildfires in Turkey, Greece and Italy.

How Can We Help?

As the UK’s market leader in renewable energy solutions, we are in the best position to help your business realise the potential of solar PV.

Ultimately, it is down to us to make the change towards sustainability in order to create a greener future. Now is a good time to assess your net zero aspirations and talk to us about how we can help achieve them.

Our team of renewable energy experts are available to provide Net Zero consultancy and renewable (Solar, EV, battery) quotations alongside installation operations and maintenance support to asset owners.