Before we go further, it’s useful to define what renewable energy actually is. Simply put, renewable energy is used to describe energy that has been generated from a natural source that will not deplete after each use. Some of the most popular forms include solar energy and wind power. You may also come across the term ‘green energy’, this is sometimes used interchangeability to refer to the same thing. One of the main reasons to consider renewable energy sources is because they can be replenished. Additionally, they are far less destructive to the planet compared to traditional fossil fuels.

By 2050, the UK endeavours to reduce overall greenhouse gas emissions by 80%, benchmarked against base levels from 1990. This can only be achieved by being less reliant on fossil fuels such as coal and oil to generate electricity. In 2019, the UK generated 33% of its power from green energy sources alone. This substantial figure is set to rise in the coming years as we head towards a more sustainable future.

Consider renewable business electricity tariffs

By now, many business owners and managers will be considering a renewable energy tariff at the time of renewal. To find the best business electricity tariffs, use Utility Saving Expert’s free online comparison tool. It’s quick and easy to compare commercial energy suppliers and tariffs within minutes. Simply enter a few details about your company and how much energy you normally use, and you’ll be presented with a list of options to select from, these can be filtered by price and features.

Inevitably, climate change policies and the introduction of renewable energy generation will have a big impact on business electricity prices in the coming years. After spending decades burning coal and oil to power offices, factories and warehouses etc, it’s time for big change to take place. The logical way to achieve this is by investing in the development of sustainable energy initiatives. According to a number of leading experts in the field, this will help to reduce both domestic and commercial energy costs in the future.

As we head towards this sustainable future, many business energy suppliers have started offering customers green energy tariffs that source electricity from renewable energy sources such as solar, wind, hydro and tidal etc. Being environmentally conscious is a key proposition for these energy firms. This has led to a number of new suppliers entering the industry and providing further competition which can only be positive news.

In the last five years, the UK has made a considerable investment into the research and development of renewable energy technologies. The nation remains committed to the Paris Agreement, bringing all nations into a common cause to combat climate change and accelerate actions and investments needed for a sustainable low carbon future. This landmark agreement will chart a new course for humanity in the global climate effort.

By investing in wind power, the UK entered the world’s top ten most attractive national markets for renewable energy. For businesses, there are a number of ways they can take advantage of renewable energy. We have outlined some of these below.

Become less reliant on traditional energy sources

By using less fossil fuels such as coal and oil, or cutting them out completely, businesses will no longer have to continually face rising energy prices year over year. This is because green energy tariffs are becoming far more competitively priced, and as the technology becomes smarter and more efficient, hopefully commercial energy plans will become cheaper.

Environmental and social responsibility

Many customers are far more environmentally conscious than they were before. Businesses that take social responsibility seriously will be rewarded as consumers vote with their wallets. People are taking a keen interest into what level of effort each company is making to combat climate change. A number of firms have even made pledges to become carbon neutral by a certain date.

Solar panel technology

We’ve previously mentioned that there are different types of renewable energy sources. Solar panel technology can help your business generate its own electricity, helping you save on commercial electricity and being less reliant on the national grid. Although for many companies, the initial investment may be a barrier to entry. However, as research, development and manufacturing improve in the coming years, the price will be driven down.

In summary, business electricity customers will hope that renewable energy is the answer to reducing energy prices. Through Government initiatives and historic moments such as the Paris Agreement, investment and innovation will continue to gradually improve things. More choice through new green suppliers entering the energy market can only be a good thing, as this added competition will help reduce prices for companies across the country.

Saving money is always a plus, but saving the planet should always be at the forefront of any future legislation if we are to realise a brighter and cleaner future for generations to come.