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Energy crisis becomes biggest issue for Australians and small business

The energy crisis is now considered the single biggest issue facing Australia, according to new Roy Morgan research.

Just over 14 per cent of respondents from a pool of 595 Australians said the energy crisis was their greatest concern, deeming it more crucial than climate change and unemployment, which were the next two most often mentioned single issues, according to the research company.

Research this week by American Express also revealed that 55 per cent of Australian small business owners were concerned with rising energy costs above all else.

These results differ from last year’s results that showed business growth as the most important issue.

Energy prices have increased rapidly over the past year, and indicators show they will continue to rise, adding to the multi-million-dollar increases small businesses have already seen in their energy bills.

This issue has become an “existential threat” to Australia’s small businesses, Energy Efficiency Council head of policy Rob Murray-Leach told The Fifth Estate, and they must make substantial investments to reduce energy usage.

Replacing old technology with their modern and efficient counterparts is one step to help small businesses recover from surging energy bills, but companies already have 30 to 50 per cent of energy savings available to them, Mr Murray-Leach said – they just have to invest in energy efficiency.

For larger businesses, instead of energy efficiency being worked on from the sidelines, “now it’s actually an issue boards are discussing,” Mr Murray-Leach said.

Despite rising costs, small businesses are radically changing how they are procuring their energy, he said.

“The main point is that what we have seen is that boards are taking this problem more seriously, but there is no widespread investment in energy efficiency as of yet,” Mr Murray-Leach said

“We need to convert a deep level of concern into real action.”

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Comments

2 Responses to “Energy crisis becomes biggest issue for Australians and small business”

  • Bruce Easton says:

    It will be interesting to see all the support for Energy Efficiency at the EEC Conference on Monday and Tuesday in Melbourne.
    Certainly there seems to be a lot of information out there supporting the move to save energy costs.

    The state energy efficiency schemes are pushing through some of the barriers but more needs to be done.

  • Rob Murray-Leach, you’ve hit the nail on the head. Energy Efficiency is a critical factor in solving the “energy crisis”. It shouldn’t be a crisis and I dare to purport that if you ask someone to rank three things – and one is described as a crisis it will always come on top. That said it is an imperative and if we in Australia want affordable, environmentally sustainable and reliable energy (the “energy trilemma”) then energy efficiency must be in the mix. For a business it means retaining CoG margin, building resilience and improving energy productivity. It is one of the most commercially and economically astute things a business can do today and the benefits are permanent.

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