Small-to-medium enterprises are missing out on a potential £7.7 billion every year by not implementing energy efficiency measures, reports Fresh Business Thinking.

Energy provider E.ON conducted a survey into energy efficiency measures and found some alarming results. Small financial businesses (97 per cent) and professional service businesses (91 per cent) all admitted to being unaware that they could be missing out on savings of up to £2,000 per year each.

Energy efficiency measures

These measures could come in the form of solar panels, interior cladding, an energy monitor or just making sure windows and doors are firmly shut.

In addition, the survey claims that almost nine out of 10 firms don’t have lighting timers or motion sensors in their workplace.

Significant financial savings that can be made

Iain Walker, head of business sales at E.ON, commented on the survey:

“Worryingly, four out of five small businesses are not aware of the significant financial savings that can be made by becoming more energy efficient in the workplace.”

“Introducing small changes in your business behaviour, like installing energy saving equipment, light sensors and smart meters, can have a significant financial impact on your energy bills,” he added.

Businesses reducing their carbon footprint

As well as making savings financially, sustainability expert Peter Jobs told computeach.co.uk that by implementing energy efficiency measures, a business can reduce their carbon footprint.