npower Business Solutions sheds light on DSR strategy

A survey by npower Business Solutions and YouGov has discovered that two-thirds (69%) of energy managers are not aware of energy management strategies like DSR. This low awareness is costing businesses, as they can be utilised to help reduce usage during peak times.

Curbing energy use and reducing energy consumption to outside peak hours of demand will become an increasingly important way to reduce overall energy costs, which are tipped to rise by 40-45% by 2028, according to research commissioned by npower Business Solutions.

The survey of senior decision makers, responsible for business energy resources, found that of those who were not currently implementing any DSR solutions, an overwhelming majority (73%) had no plans at all to introduce DSR to their business,  with less than one in ten (8%) planning to do so in the next twelve months. This isn’t surprising given that only 22% of those surveyed felt they had some understanding of DSR and how it could be used by their business.

The research conducted by YouGov also found that energy managers feel uninformed about the effect that rising non-commodity charges may have on their business, with 58% are either fairly / completely unaware or unsure about the possible impacts.

Wayne Mitchell, Director of Energy HQ at npower Business Solutions

Wayne Mitchell, Director of Energy HQ at npower Business Solutions, said: “In the coming years, energy costs will rise sharply. It’s more important than ever to adopt energy management practices, such as Demand Side Response. DSR can help businesses in every sector to reduce and manage their energy costs flexibly, so it’s important for decision makers to become more aware of the value it can bring to their organisation. To demonstrate how DSR and other energy management practices can help to manage non-commodity costs, we recently launched an online tool called Cost Predictor. This tool gives businesses a tailored view of how they are likely to be impacted by rising costs and how these can be mitigated through practices like DSR.”