Nearly nine in ten British businesses (88%) are worried about the security of their energy supply according a joint report from the Major Energy Users’ Council (MEUC) and energy solutions firm Power Efficiency.
Ofgem recently warned the UK could face ‘brownouts’ and ‘blackouts’ in 2015-16, as spare capacity could drop to 4% from its current level of 14%.
The survey of 129 companies – including 10% of the FTSE 100 – with a combined annual energy spend of roughly £1 billion, also found 90% thought rising energy prices posed a threat to the competitiveness of UK businesses.
Andrew Bainbridge, Chairman of the MEUC said: “It is clear that big businesses are becoming increasingly alarmed by the energy perils they face and understand they must stiffen their resolve to actively manage and reduce their costs.”
Major Energy Users’ Council (MEUC) - Nine in ten British businesses worried about energy security