SMMT Survey Highlights Impact of Rising Energy Costs

In a new survey carried out by the Society of Motor Manufacturers and Traders, energy costs are cited as the single biggest concern for the industry, with seven out of ten automotive manufacturers worried about the impact on business operations.

In a CEO Update, Mike Hawes has called for the Government to put longer-term solutions in place in order to assure the viability of the sector. “The government’s timely intervention to cap prices for businesses this winter has temporarily limited further increases, providing vital respite but, when the cap lifts in six months’ time, costs are expected to more than double again, with some manufacturers anticipating even steeper rises – some as high as 500%,” he states.  

BasePower clients with on-site energy generation schemes in the form of CHP, are reusing the heat for other processes around the factory and can rest reassured that their bills are as low as possible. Plus in an energy-critical industry, they have security of supply when the winter is looking riskier than ever.

See our case studies for how we’re helping the Automotive industry save energy and reduce carbon.