With electricity prices predicted to stay above pre-pandemic levels long into the future, manufacturers can take advantage of emerging opportunities to earn revenue by helping to balance the grid.
The latest research into the future of power prices by energy experts Cornwall Insight suggests pre-2022 costs are unlikely to return until the late 2030s at the earliest, despite prices coming down since the peak of the energy crisis last year.
Our specialist advisors have worked with businesses to help them reduce their reliance on the grid by improving energy efficiency or investing in on-site generation.
Examples include Bridgewater Laminates, a joinery business based in Worsley. In addition to improving the efficiency of its manufacturing process, our advisors helped the business to make over £2,500 in annually recurring energy savings.
Speaking to the Hub following this support, Aiden Berry, Managing Director, commented:
“From cutting costs in energy usage to improving processes and efficiencies within our day to day work the Hub has helped Bridgewater develop into a profit-making organisation during one of the toughest periods any business has had to face in recent times.”