Some of the UK’s largest businesses have today called on the Government to simplify how organisations report the carbon emissions associated with the energy that they purchase. A survey of energy professionals finds that there is confusion about current Government policy, leading a number of businesses to question the benefit of so-called “green” tariffs. A number of inconsistencies provide relatively weak and complex signals, leading some Boards to retreat from investing in renewable technologies.
The report, Enable the Label, was written by energy experts Utilyx and commissioned by a steering group that comprises the Aldersgate Group, BT, EY, HSBC, Reed Elsevier, Sky and the Retail Energy Forum. The report recommends that businesses speak to their energy supplier to adopt an electricity label and help to transform the energy market.
Andrew Raingold, Executive Director of the Aldersgate Group, said: “Customers have a right to know the ingredients of the product they are buying, but this is not the case in the energy market. Energy bills must pass the ‘horsemeat test’. Most buyers are unable to determine if the electricity they are purchasing is from renewables, nuclear, gas or coal.”