UK’s lack of energy efficiency “completely bonkers”, says technology boss
Energy efficiency news – by GreenWise staff
6th June 2012
The boss of a British technology firm has described the UK’s lack of energy efficiency as "completely bonkers" and has called on the Government to focus more on power conservation rather than new energy generation projects.
, chief executive of IQE
, the compound seminconductor
maker, told the Financial Times
that the UK was "pouring money down the drain" because it was not addressing energy efficiency
. His calls follow the publication of the Government’s draft Energy Bill
, which has been criticised for doing little to incentivise energy saving, even though the Government insists that energy efficiency is central to the Coalition's green policy
"The country’s lack of energy efficiency
, to me its completely bonkers. It has a massive impact on the UK’s national power strategy," Nelson told the Financial Times
Converting electricity from the mains supply to an electronic device on average wastes around 20 per cent of electricity.
According to data by IQE and another British technology company XP Power, every year around 7,600 gigawatts (GW) of electricity generated from all sources is wasted through poor converters.
The Government’s draft Energy Bill sets out how Ministers plans to incentivise £110 billion worth of investment in cleaner and greener forms of energy generation to replace the UK’s ageing electricity infrastructure. The Government has said it wants to incentivise a mix of low carbon energy technologies, including renewables, new nuclear and carbon capture and storage (CCS). The plans are seen as crucial to 'keeping the lights on’ and to ensuring the UK meets its carbon reduction targets.
But according to analysis
by the Department of Energy and Climate Change released in November, policies to keep the lights on and reduce emissions will on average add 19 per cent onto the bill of a UK business with a medium-sized energy consumption by 2020 – and 28 per cent by 2030.
Nelson said the Government was missing a trick by ignoring energy conservation. "Instead of worrying about costly forms of energy generation, we should be focusing on energy efficiency. We’re pouring money down the drain here," he said.
According to the Guardian
, a leaked document
seen by the newspaper reveals British officials are repeatedly trying to prevent the adoption of European Union rules on energy efficiency.
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