Navigating rising energy costs is a formidable challenge for many businesses. With the recent news revealing significant upcoming changes in electricity grid costs, businesses are bracing for a further increase in energy expenses. At Encom, we are perfectly placed to help you offset these rises and maintain predictable fixed energy costs with medium term ROI.
The Utility Regulator’s proposal to invest £2.21bn in grid modernisation between 2025 and 2031 signals a substantial shift in electricity billing structures. As grid costs, which currently account for about 20% of electricity bills, are set to increase, businesses, especially large energy users, could see a rise of 11% to 19% in their bills. While households might not experience a significant hike, the impact on businesses, as noted by Manufacturing NI (MNI), could be considerably high.
In this evolving scenario, Encom emerges as a crucial ally for businesses in Northern Ireland. Our innovative solutions are designed to reduce fixed energy costs dramatically – by as much as 70%, depending on the system’s size, season, usage, and orientation. This presents a lucrative opportunity for businesses to not only mitigate the impact of rising grid costs but also to significantly enhance their energy efficiency.
For a medium-sized business, the expected return on investment (ROI) with Encom’s energy solutions is an impressive 3-4 years. This rapid ROI underscores not just cost savings but also aligns with the broader environmental goal of reducing greenhouse gas emissions. As Northern Ireland strides towards achieving ‘net zero’ by 2050, incorporating Encom’s energy-efficient solutions is a step forward in this crucial journey.
The importance of modernising and strengthening the grid to handle increased electricity demand and a greater supply from renewables is clear. Encom’s role in this transition is pivotal. By offering tailored solutions that cater to the specific needs of your business, we ensure that your journey to enhanced energy efficiency is smooth, cost-effective, and environmentally responsible.
The path to adapting to new technologies and increased electricity usage need not be daunting. With Encom’s expert guidance and state-of-the-art solutions, businesses in Northern Ireland can turn these challenges into opportunities for growth and sustainability. Our commitment is to your business’s success, and together, we can pave the way for a more energy-efficient and environmentally friendly future.