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Triple Bottom Line When Sourcing Electricity
F&S Energy • May 21, 2019
Local Renewable Energy Improves Your Triple Bottom Line
If you’re looking to expand your business by attracting the increasing numbers of customers who want confidence that their purchasing choices are ethical, then start by looking at how you source your energy.
What is The Triple Bottom Line?
The success of a business used to be judged solely in terms of the net profit or loss made by the organisation, but today progressive companies cannot ignore ethical consumerism. Customers still expect value for money, but just as they have always looked at quality as well as price, purchasers increasingly choose the products and services that meet the moral criteria of assisting others and protecting the planet. One only has to look at the banking industry, which stresses ethical investments, and the increasing popularity of “Fairtrade” products in supermarkets, to understand that profit and loss is not the sole factor that attracts customers, or on which a company can be judged.
The concept of a Triple Bottom Line (TBL) takes into account more than just a company’s financial profit; it also considers social and environmental impacts to build an altogether more sustainable model for measuring business success. These can be summarised as the Three Ps: Planet, People, and Profit.
Awareness of the importance of sustainability and the preservation of natural resources has increased more than ever in recent years. Progressive organisations no longer focus solely on profit and loss. There is the realisation that if sustainability issues are ignored in the present, the price will have to be paid in the future.
By applying the TBL approach, companies can assess how each component of their business affects the environment. By considering factors such as consumption of finite resources, carbon footprint, water consumption, and the amount of waste and pollution produced, companies can take measures to reduce or even eliminate their ecological footprint. By striving for sustainable practices, companies will become more successful in the long run; it will not only make them more efficient but it will also make them more competitive, as consumers are becoming more aware of the importance of green practices.
One of the easiest ways to reduce carbon footprint is to change to a renewable energy supplier. At F&S Energy, none of our supplied energy comes from fossil fuels. We only purchase power from renewable generators across the UK, ensuring that all our electricity supplied to consumers is 100% renewable and REGO backed. In addition to avoiding fossil fuels, we also avoid electricity generated from the burning of imported woodchips from overseas logging operations. Unlike other green energy suppliers, we compete on market prices; our 100% renewable offering does not attract a price premium against traditional brown electricity supply.
People
Recent years have seen a movement to support local businesses. Not only does it improve the local economy, but purchasing locally also reduces carbon footprint. Customers are becoming far more conscious of how their money is spent; they want to know that their money is being ethically used and supporting causes they care about.
At F&S Energy, we only buy energy from 100% renewable generators within the UK. This ensures that, not only is all energy supplied to our consumers 100% green, but also that we are supporting smaller, independent generators and local economies. In addition to this, and especially with the uncertainty of what Brexit will bring, being able to rely on service providers within the UK is crucial for securing a more stable future for Britain as a whole. By using local, renewable energy generated within the UK, we are helping to provide energy security for the UK.
Profit
Ultimately, the financial bottom line is one that all companies share, whether they are using the TBL or not. However, when considering profit from a TBL point of view, the goal is that profits will benefit and sustain the community as a whole, not just the company and shareholders. The TBL approach doesn’t have to be formally implemented into a company’s reporting system if the cost of fully calculating and monitoring the environmental and social impacts is too great. It can still be used to drive improvements in the way a company impacts people and the planet if it is taken as a way of thinking.
For generators selling us your renewable energy, you can be assured that you are receiving market leading rates for the purchase of your power, along with a friendly and personal service.
At F&S Energy we firmly believe that the future belongs to clean, renewable energy. By investing in local renewable energy, we are investing in a sustainable and secure future that is supportive of local communities and the UK economy. We want to encourage all other companies to do the same. An easy first step when considering taking the TBL approach is to consider your where your electricity comes from. Why not switch to F&S Energy, a 100% renewable energy supplier at no extra cost?
We are proud to be lead sponsors of the fantastic event Green City 2023
The Accelerated Loss of Mains Change Programme is an industry wide project that is taking place throughout the UK, being run by the National Grid and Distributors. The focus of this programme is to upgrade or replace embedded generation assets where possible. These new requirements will improve long-term energy network stability and prevent any embedded generators from being cut off. If your generator is between 11kW and 50MW and was installed before February 2018, you may have a type of loss of mains protection that is more sensitive and may cause them to unnecessarily trip. Funding is now available to upgrade your generator to help deliver a zero-carbon electricity grid through the ALoMCP. By applying for this, you could potentially claim thousands of pounds to help make mandatory Loss of Mains protection changes for your sites. Funding will reduce in Spring in 2022 and the final deadline to apply is 10th May 2022, otherwise generators could be subject to an enforcement programme. Please follow https://www.ena-eng.org/ALoMCP/ to apply for funding. Alternatively you can contact your Distributor as they will have an allocated team to give you a hand. If you need any help finding out who your distributor is, please give us a call on 01245 690151 or email us at info@fs-energy.co.uk .
F&S Energy has teamed up with leading solar PV optimising and monitoring company, HIT Energy Services. It will mean their hundreds of customers will get market-leading rates for the excess electricity they produce, with this green energy then helping to power the businesses we supply around the U.K. The UK-based company work with farmers, agricultural firms and landowners on existing systems to carry out a health check and monitor the systems using their award-winning platform. F&S Energy has provided a route to allow this green energy to be passed on to other environmentally-conscious businesses, with everyone benefitting. “Because of the rise in energy prices, what is produced from solar is more valuable than ever,” said Simon Hopkins of HIT Energy Services. “We have been keen to help our clients make the most from what they produce and do not use in their business operations. This new partnership is perfect as F&S Energy understands the renewables sector and is as passionate as us about helping people live greener lives.” F&S Energy managing director Steven Funnell said: “At F&S we have always taken the approach of doing the right thing by our customers and letting our reputation do our marketing for us. We see HIT as a perfect match to partner up with and to offer their services to our customers.” HIT Energy Services’ work has been recognised with a string of accolades - at Lamma 2020, the company scooped the online innovation award, while it also beat hundreds of other products to be ranked seventh in the Midlands Tech 50 list. Now, the innovations its engineers have created to make solar a reliable source of power are set to benefit many more businesses. Simon added: “We have been keen for our industry to help out in this time of crisis, while also providing a boost to the sector. Our link-up with F&S Energy will mean everyone benefits, from the Solar PV owner to the businesses being powered by cheaper, greener energy
Peer-to-peer trading not only allows consumers to know exactly where their power is coming from and the confidence to know that they are truly being supplied from a renewable source. But also provides a financial benefit for both electricity consumers and the generators through a discount on industry costs
A new series from F&S Energy in which we meet some of our key customers, connecting the generators with businesses to show who, how and where their green energy they buy comes from.
F&S Energy, a leading independent PPA provider and FIT licensee, have secured a deal with Bristol Energy to purchase the entire renewable energy generator portfolio (PPA contracts), along with Bristol Energy’s commercial FIT customers and the transfer of 1 staff member. Earlier this year Bristol City Council announced its intention to put Bristol Energy up for sale, and over the past few months Bristol Energy have been working in the background to find the best placed homes for their customers and contracts. Previously it was announced that the business customers would be moved to Yu Energy and the domestic customers will be transferred over to Together Energy. Concurrently to this, the deal to place the PPA portfolio was agreed with F&S Energy with the contracts being novated on the 1st of October. The combined contracted capacity moving to F&S is circa 91MW. F&S Energy purchase power from renewable generators throughout the UK, offering market leading rates and top levels of customer service for all of their clients. They sell the power they purchase on to business customers, providing each customer with 100% true renewable power sourced from local generators at prices that beat traditional suppliers. Quote from Steven Funnell MD F&S Energy: “We are very pleased that Bristol City Council chose to move Bristol Energy's renewable generator portfolio over to F&S Energy. We welcome these new customers and will continue to give them the excellent customer service that our existing customers have become used to.”
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