Sustainable or renewable energy is a popular topic at the moment. With the planet continually rising in temperature, green energies are becoming more popular with more and more people wanting to do their bit. There is also tightening regulation with regards to the use, transfer, sourcing and selling of energy.
There are more options to find green energy nowadays and it is being made easier for people to switch as utility providers are working together to enable switches to be swift and seamless. Some domestic energy providers (such as Bulb) even pay early get out fees if you switch to them.
Types of sustainable energy
Wind farms are popping up all over the place. They are particularly popular in rural areas or off shore areas, such as off the coast of Skegness (where they are a popular sight for tourists and residents alike) and where they won’t interfere with the surroundings.
The wind turns the propeller blades and this is in turn connected to a main shaft. As this spins, electricity is created. It is finally passed through a transformer and the voltage stepped up so that it is compatible with the energy already in the National Grid.
Solar energy is another super popular form of sustainable energy. Any home owner or business premises owner can in theory put solar panels on their roof and cut down their reliance on the National Grid.
When light hits the solar panels it reacts with special crystals in the panels. This reaction creates an electrical current. The energy can be used by the home or business owner, and the surplus can be fed back into the National Grid, with some building owners making money each month from the energy they have in surplus.
Whilst there is a seemingly large cost up front when solar panels are installed, going forward you would have no electricity bills, and even, as mentioned above, be able to make extra money back on your surplus energy. They therefore can pay for themselves in a relatively short time, so unless you are planning on moving home or premises in the short term, they are definitely something worth considering.
Energy and your business
For companies in particular, cost saving on energy can be a real turn around for their finances and cashflow. If you reduce outgoings, your profit will of course go up. Depending on the nature of the business, there might be things you can do on a small scale, such as switching to LED lighting, or if you need something larger scale, or any other issues (including sales and regulation) relating to energy law you might want to consult with an energy law specialist such as Douglas Healy.
Energy law is a big area, as regulation relating to energy is continually changing and updating to keep up to date with the changes in related technology. Key areas of the law are to keep area safe, and of course to reduce carbon emissions and working towards carbon neutrality.
With large companies working with companies globally, it’s also important that you are abiding by rules and regulations in all the countries involved in your areas of business. Another reason to ensure that you have the knowledge and expertise behind you!