What are retailers doing to address rising energy costs?

What are retailers doing to address rising energy costs?

Energy costs have long been a significant overhead for retailers. With recent escalations in prices and the pressing need for sustainability, there has been a new impetus for retailers to re-evaluate their energy consumption patterns. Retailers in the UK have been making noteworthy strides to reducing their consumption (and spend). In this post, we will explore some of the pioneering efforts the sector is making to curtail their energy expenses, without compromising on their service quality.

1. Investment in Energy-Efficient Equipment

Many retailers are realising that a considerable amount of their energy costs come from outdated equipment. They’re now investing in energy-efficient appliances, lighting, and HVAC systems to cut down on energy usage. For instance, the switch to LED lighting alone can reduce energy consumption by as much as 90% compared to traditional bulbs.

Case Study: Tesco
One of the UK’s leading supermarket chains, Tesco, replaced older refrigerators with new, efficient models, resulting in a 15% energy saving. By upgrading their cooling systems, they not only cut down on expenses but also decreased their carbon footprint.

2. Harnessing Renewable Energy

Renewable energy sources, such as solar and wind power, have become viable and cost-effective solutions. Retailers are tapping into these sustainable options either by installing their own infrastructure or by purchasing energy from green sources.

Case Study: John Lewis Partnership
The retail giant, which owns both John Lewis and Waitrose, has committed to sourcing 100% of its electricity from renewable sources. They have made significant investments in solar panel installations at their stores and distribution centres, further cementing their pledge towards sustainability.

3. Behavioural Changes and Staff Training

Sometimes, the most straightforward measures can yield significant results. Retailers are educating their staff about energy conservation, encouraging them to turn off lights and equipment when not in use and adjusting thermostats responsibly.

Case Study: Sainsbury’s
Sainsbury’s initiated a campaign where they educated their employees on the importance of energy conservation. Simple actions, such as ensuring doors were kept closed and turning off equipment, led to a noticeable reduction in their overall energy bills.

4. Exploring Alternative Cooling Methods

Sometimes, the most straightforward measures can yield significant results. Retailers are educating their staff about energy conservation, encouraging them to turn off lights and equipment when not in use and adjusting thermostats responsibly.

Case Study: Asda
Asda introduced ‘hydroloop refrigeration’ systems in some of its stores. This system uses water-cooled technology, proving to be 50% more energy-efficient than the traditional methods, representing a significant step towards energy conservation.

5. Implementing AI-based Energy Management Systems

By employing advanced energy management systems, retailers can monitor, control, and optimise energy usage across their outlets. Systems, such as EMMA AI, can monitor energy usage in near real-time and provide businesses with the advice, stats and action items needed to significantly reduce their bills

Case Study: Betfred
Betfred recently invested in the EMMA AI platform to help reduce their carbon emissions and energy spend. By monitoring the 1,400+ high-street stores they have across the UK, they were able to save over £234,000 in their first year!

Conclusion

As energy costs rise, there is a silver lining. It’s pushing retailers to innovate, adapt, and embrace sustainability more than ever. The efforts taken by these retailers not only help in reducing operational costs but also play a crucial role in conserving the environment. It’s a win-win for retailers, consumers, and the planet.

White calculator

EMMA AI requires no upfront capital outlay, meaning you start to save from day one. To see how big your savings could be, we’ve put together a simple online Return On Investment (ROI) calculator.

More insights …

Calculating Energy Savings Using Our ROI Tool

Calculating Energy Savings Using Our ROI Tool

Energy efficiency isn’t just a buzzword; it's a necessity. With rising energy costs and an increasing focus on sustainability, companies of all shapes and sizes are looking for ways to reduce their energy consumption and reduce their carbon footprint, without...

read more
How would you invest £250,000? A guide for UK retailers

How would you invest £250,000? A guide for UK retailers

Making smart investments can be the key to future-proofing your retail business. But with so many options available, where should you channel funds to get the most bang for your buck? If you had a significant amount of investment, say £250,000, then where could you...

read more
An 11 step strategy to going carbon neutral

An 11 step strategy to going carbon neutral

Companies that fail to adapt to climate change will go bankrupt ‘Companies that fail to adapt to climate change will go bankrupt’ – that’s the dire warning from the former Governor of the Bank of England, Mark Carney. However, what is less widely reported is that...

read more
How to reduce escalating energy costs

How to reduce escalating energy costs

Your energy costs are going through the roof. You must do something about it, but what? Here’s the answer.Businesses we’re talking to already know their energy bill this year will be double last year’s. For some that’s potentially life or death. The simple fact of the...

read more
An introduction to Data as a Service (DaaS)

An introduction to Data as a Service (DaaS)

Your guide on how to get your energy and utility data into tip top shape and keep it there without any capital investment or more staff.DaaS is Data as a Service and with a good DaaS contract you get all your data in one place in an open platform that can import from...

read more
What is carbon net zero and why should you care?

What is carbon net zero and why should you care?

What is Carbon Net Zero & why should you care? You should!Net Zero Carbon is the new ethical frontier that all of us ( government, consumers, business ) will have to comply with over the next decade. Why? Well, partly because the UK has signed up to be net zero...

read more
Loading...