The report, Energy Shock: Pressure Mounts for Efficiency Action, surveyed more than 300 businesses across the Australian economy, seeking information about their use of energy (including electricity, gas and liquid fuels), their management of electricity costs and energy efficiency practices, and their views on policies to encourage additional action in these areas.
“Previous Australian Industry Group (AIG) research showed that in the five years to 2010, two thirds of businesses made no or negligible improvements in their energy efficiency, but the new report reveals that this situation has been reversed,” the AIG said.
“In the three years to 2012, two thirds of businesses have achieved improved efficiency performance, and three quarters of respondents have now undertaken or are planning actions to improve energy efficiency.”
Key points from the report include:
- While a growing number of businesses are taking action to improve their energy efficiency, most are looking for quick and easy solutions, and would only consider an energy efficiency project where the expected payback period was less than three years
- For many businesses impacted by rising energy prices, the intensity of other even more urgent costs and pressures can make it hard to devote time and capital to energy issues
- Most respondents described energy costs as a major expense, and this appears to have been a catalyst for action by businesses to improve their energy efficiency.
To view the report, click here.