Tuesday 6 September 2016

Energy efficiency suppliers ‘shaken after Brexit’

Energy efficiency suppliers ‘shaken after Brexit’

The energy efficiency sector has seen supplier confidence continue to fall following Brexit.

A new UK Energy Efficiency Trends report, which takes into account trends in supplier order books, staffing, sale prices and government action, reveals supplier confidence dropped 21 points in the first quarter of 2016.

It fell below zero for the first time since the report was initially published in 2012.

In the second quarter it fell further, from -4 to -38 points.

Consumer responses weren't much better, according to Energy Efficiency Verification Specialists (EEVS), Bloomberg New Energy Finance (BNEF) and Bellrock's survey of 89 UK-based respondents.


Energy efficient lighting has seen one of its biggest drops in deployment to date, falling from a rolling four-quarter average of 70% to 59%. It does remain the leading energy efficiency technology deployed but smart meters and remote lighting controls are catching up.

The report adds the commercial property sector however continues to lead the way in terms of energy efficiency technology deployment.

Around 38% of suppliers rated customer demand as their main concern, followed by national competition (26%) and raising finance (12%).

Ian Jeffries, Director at EEVS, said: "The fall in supplier confidence can be directly linked to lacklustre order book growth but it is likely to have been exacerbated by the Brexit uncertainty."

Written by

Bruna Pinhoni

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