And alarmingly, research shows that up to 80% of this energy is wasted. To convert that into hard cash, for the worst performing manufacturers, that could mean that for every £100 in their non-labour O&M budget, £48 is effectively heading down the drain. With electricity prices up 30% since 2003; and predicted to rise by another 27% by 2020, failure to accept and address this relationship between energy waste and profitability has colossal implications.
Read the full article on page 50 of our March digital edition
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