Business owners in the UK have begun to understand the need for keeping a close eye on the amount of energy and natural resources their company is using on a regular basis. The economy has gone through unsteady times, fluctuating and generating unstable conditions for businesses and individuals all over the continent. In order to continue their success and create the possibility for future expansion, it is vital that businesses analyse their utility expenses. If there can be any reduction made, it should be examined.
Utilitywise is a company that many of these businesses consult when they are interested in reducing their carbon footprint, their annual utility bills and the amount of energy and water waste their company produces. Each week, the company releases a market review that discusses changes being made within the energy industry. By analysing the energy usage at a client company, experts at Utilitywise can see where there may be areas of excessive use. These areas are brought to the attention of the business owners, suggestions are made for change and new equipment is sometimes installed and utility waste-reducing procedures are implemented within the company. Business owners often have to educate their employees on ways to reduce the amount of natural energy they are using on a daily basis, so that there is less waste.
During the week of February 24th in 2014, Utilitywise released their weekly market review, stating that annual electricity and gas prices were remaining at historic low levels, though they have come up from recent lows. It is also stated that the demand for energy is falling. No major supply issues have been reported. There is a cold snap expected at the beginning of March that could have a short and slightly significant impact on the electricity and gas systems in the UK. They appear to be able to cope with the cold, as stated in the market review, but it is important for businesses to be aware that there is a potential of impact.
Lower nuclear and wind supplied assistance in lowering electricity prices. The Utilitywise market review goes on to state that the supply system was comfortable during this time, however UK reactors pulled down output because of planned and unplanned outages when wind levels were low. This increased the use of expensive gas in the generation mix.