• Inenco has 25TW (£2.4bn) energy under management, which could power the whole of Ireland for an entire year!
  • We have one quarter of the total energy use by UK Industry under management
  • Our customers are paying 48% less than the market price for their gas commodity. That's a saving of £480k per £1m that would have been spent
  • Our experts process over 93,000 invoices per month and we've recovered over £11m in over-charges for our clients in the last year
  • Inenco look after 8,000 customers across the group, managing 140,000+ meter sites
  • We provide support to over 500 businesses for energy and carbon management
  • Inenco supported over 320 organisations with ESOS Phase 1 compliance and carried out more energy surveys than any other independent consultant in the UK
  • Our solutions team have identified savings of £37.5m per annum for our clients, a total of 495,338,992 kWh savings identified
  • Last year we saved our CCA clients alone £25.5m

The Committee on Climate Change Report: Inenco response

2nd May 2019

Commenting on today’s report from the Committee on Climate Change, David Oliver, senior energy consultant at Inenco, said:

“The CCC report outlines ambitious, but not unfeasible, targets for hitting net zero emissions by 2050.  Climate change strategy is already the main driver for changes to the way that we use and pay for energy, and a robust strategy is to be welcomed if it results in a clear roadmap for the future.

 

“The report also acknowledges that – to hit this target – a number of large infrastructure projects will need to be implemented.  This includes upgrades to the electricity distribution and transmission networks, hydrogen generation, carbon capture and pumped storage, among others.    

 

“While the report hasn’t gone as far as to put a firm figure on the  investment spend required – although it estimates that the cost of meeting a net-zero target will be around 1-2% of GDP in 2050 – past examples have shown that such projects are notoriously prone to overspend.  Therefore, the focus should be on proven technologies, rather than too much innovation.   

 

“The CCC says that HM treasury will decide how to fund the transition, so it is key that any policy does not disadvantage UK industry.  History shows that such funding will come from direct taxation of energy, so what we have recommended for some time still stands i.e. business consumers should continue to look at ways that they can use less energy – this not only helps them contribute to the greenhouse gas reductions, it also reduces their exposure to increased costs.”