The Energy Bill: How to offset the rising cost of renewable energy with LED lighting

As the fallout from chancellor George Osborne's Autumn Statement begins today, many in the energy and lighting community are still discussing the details of the Energy Bill announced late last month.

The UK government announced the details of the long-awaited bill aiming to set down the plans and schemes that will help Britain be more reliant on renewable energy sources in the future.

he Bill was met with a mixed response from 
political and environmental commentators alike

Met with a mixed response from political and environmental commentators alike; although the bills motives have been widely applauded, many have cited the lack of a target for a reduction in carbon emissions by 2030 as a large downfall.

And the news that energy companies will be able to charge over £7.5bn extra to household bills by 2020 has not gone down well with many homeowners either.

Plenty has been made already of the profits being recorded by energy suppliers when the average cost of vital services such as electric and gas are on the rise, and the news that suppliers will charge between £75 and £110 extra every year to go towards renewable energy will not sit right with struggling households.

But the need for the UK to become less reliant on fossil fuels and foreign imports of fuel has been widely documented, and the necessity to put plans into motion for the development of technologies such as solar, wind and nuclear energy are vital.

Under the Climate Change Act, signed in 2008, the UK is legally-bound to reduce its carbon emissions by certain amounts at landmark dates. The key point of the 2008 act is that by 2050, Britain’s carbon emissions should be 80% less than they were in 1990, and 34% of this reduction must be achieved by 2020.

The bill does leave room in 2016 for the Committee on Climate
Change to make a recommendation on a decarbonisation target

Many were expecting a similar target to be set for 2030 in last week’s Bill announcement, but none was forthcoming. The bill does leave room in 2016 for the Committee on Climate Change, an independent government advisory body, to make a recommendation on a decarbonisation target - but clearly this is a few steps short of the giant leap many hoped this bill would become in shifting towards greener energy in the UK.

Perhaps reflected by the coverage of the bill and the number of parties who came out in the press to criticise the lack of a decarbonisation target - a vote on the Guardian website initially showed 58% of people would be willing to contribute more towards greener energy the day after the bill was announced - by the time the Guardian had closed the pole, that figure had dropped to just 31%.

Although the goal may be for 30% of electricity by 2020 to be supplied via renewable energy sources, such as solar energy and wind farms, the downside of many greener technologies is the high capital cost, but more and more schemes and funding resources are becoming available for those wishing to reduce their CO2 emissions.

Organisations such as Salix offer the public sector the opportunity to invest in carbon reducing technologies by partly funding the capital expenditure through an interest free loan. Many manufacturers of these same technologies also offer their own financing options, such as Green Lease for LED lighting.

www.gemmalighting.com

LEDs are becoming more and more prolific with businesses and authorities wishing to reduce costs and lower carbon emissions, and with the payback time of many lighting solutions numbering just a few years, organisations are realising that regardless of what the future holds for renewable energy, savings can be made with LED lighting right here and now in the present.

Replacing traditional light fittings with LED lighting has seen a range of businesses around the world make those savings, and the reduction in carbon emissions can be emphatic. In the case of security and CCTV systems provider Evolution Security for example, switching to LED lighting saw them save 100 tonnes of carbon every year.

Along with the other advantages of LED lighting, such as the savings in maintenance costs, better energy efficiency and lifespan of up to 100,000 hours, LEDs are one of the many green technologies that can see users hit their own targets in carbon reduction in years to come.

Consumer groups such as Which? have voiced concerns about an increase in household bills, with the current average at £1,249 a year according to the government, but what about the cost for businesses who have longer hours of operation?

LED provides these companies with the ideal chance to avoid serious hikes in their energy costs whilst cutting back on the amount of carbon waste they emit, giving them peace of mind in knowing whatever the next step for environmental government policy is, they will be doing all they can to make the world a greener place.

What did you make of the Energy Bill details? Let us know through the comments box below.