Lord Redesdale, CEO, EMA
Forewords are often never read, so in theory, I could say anything I like, be as controversial as possible, without any fear of any comeback.
So here it goes… by the time you read this there will be feverish preparations over a new referendum, campaigning for a general election or financial meltdown, but with optimism for a bright future following a hard Brexit. I would say a referendum is most likely, but we are in for a roller-coaster ride whichever happens.
Whatever happens, there could be a recession on the way as two years of market uncertainty and lack of investment will catch up with us. A recession would lead companies to look at cutting expenditure. This could be a problem for energy managers but also an opportunity. Proactively putting forward energy saving measures now as a way of cutting costs could be quite popular with Boards when they are desperately looking at cutting costs.
The good news for 2019 is that the whole energy efficiency landscape is about to finally become a recurring Board item by law. The new Simplified Energy and Carbon Reporting (SECR) regime will be starting in April and it has statuary requirements to measure and understand all principal energy efficiency measures as a duty of Boards and LLPs. The EMA is working on defining what principal measures means, and if you have not heard of SECR it would be well worth reading the article on Five Energy Management Trends for 2019.
I believe that by the time you read this we will be in a referendum mode and we will stay in the EU. If you are a leave supporter and are wailing and gnashing your teeth I can at least thank you for reading this far.
Have a great 2019!
Published 6 times a year, THE EMA MAGAZINE covers news and features related to energy management, sustainability and environment.
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