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Brexit could see energy prices increase by 5-10% in 2017

The UK’s decision to leave the European Union could result in a 5-10 per cent increase in energy price, according to microeconomics consultancy Frontier Economics.

It’s anticipated that, as the Brexit transition takes place over the next 12 months and the value of Sterling falls, energy commodities will increase in price. Frontier Economics expects this to lead to substantial price rises for consumers, and while UK energy consumption is predicted to fall during the next two years, this will not be dramatic enough to offset energy price rises.

Operators of electric motor-driven applications should be concerned about the likely hike in their electricity bills in the coming months and years, as such processes account for around two thirds of industrial energy consumption.

If your systems are powered by, old inefficient motors – particularly IE1 and IE2-rated machines – then you should consider upgrading your equipment. The latest IE3 and IE4 motors, combined with variable-speed drives, allow users to significantly reduce their energy use while minimising wear and tear and extending machinery life.

As well as having almost half a century’s experience in supplying high-efficiency electric motors, Gibbons Engineering Group is an ABB authorised value provider for variable-speed drives. This means we’re specially approved to supply, install, commission and service ABB drives for clients across all sectors.

The result of this combined expertise is bespoke packaged solutions for motor-driven applications such as food and beverage production, water and wastewater processing and heating, ventilation and air-conditioning (HVAC) systems. Users benefit from our access to a huge a global drives stock along with an unrivalled network of expertise and technical support.  

For all queries relating to ABB variable-speed drives, call Drives Manager Alan Roberts on 07966468430 or email alan@gibbonsgroup.co.uk. To discuss energy-efficient electric motors, please call Steven Burmby on 01621 868138 or email steven@gibbonsgroup.co.uk

 

Variable-Speed Drives, Electric Motors

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