DASSIEFONTEIN, SOUTH AFRICA - MARCH 27, 2017: The Dassiefontein Road Stall with solar panels on its roof, next to the N2-Road between Caledon and Botrivier in the Western Cape Province
Energy Energy Management Energy Saving Energy Storage Energy Trading Europe Facilitate Magazine FM World Magazine

ENERGY IN RETAIL

An increasing number of large retailers, retail parks and shopping centres are investing in on-site power generation and energy storage to enhance the customer’s retail experience. 

A survey of over a thousand businesses by Centrica Business Solutions reveals that 77 per cent of UK and Irish businesses expect to be producing a quarter of their electricity needs on-site by 2025. 

Nonetheless, there is still a long way to go to close the gap between ambition and action. While 29 per cent of businesses have a formal energy strategy, far fewer back this up with specific targets or budgets.

Likewise, while half (52 per cent) of respondents cited back-up power as important, just 18 per cent have plans to address this and only 16 per cent have targets to link the use of sustainable energy to their brand – this despite 49 per cent of respondents valuing this linkage.

The ever-rising cost of grid electricity has seen the potential for on-site power generation and energy storage gain acceptance by energy-intensive retailers.

The average energy consumption of shopping centres is about 300 kWh per square metre. According to the Financial Times February 2018, UK electricity costs are a third higher than in Europe, partly because of the oligopoly of six major utilities but also because Europe’s markets benefit from better interconnections, cross-border trading and long-term supply contracts.

Read more http://www.facilitatemagazine.com/features/energy-in-retail/

Leave a Comment

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.