Energy Efficiency Costs for Businesses

Meeting: 
MQT on 2016-09-14
Session date: 
September 14, 2016
Reference: 
2016/3525
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

How much does poor energy efficiency cost London businesses and what steps will you take to support measures to increase energy efficiency?

Answer

Answer for Energy Efficiency Costs for Businesses

Answer for Energy Efficiency Costs for Businesses

Answered By: 
The Mayor

Data for all London businesses is not currently available.  However data collected as part of the 2015 Business Energy Challenge showed that the businesses involved had saved around £35 million by reducing their energy usage. This sample came from over 100 of London's leading businesses and covered 1,600 London buildings (including shops, restaurants, banks and office premises) and compared 2014/15 energy use with a baseline year (generally 2010/11). 

The potential savings are therefore substantial for London's businesses. I will be investigating the best steps to take to support both small and large businesses in London with business representatives and my new Deputy Mayor for Environment and Energy.