energy efficiency trends vol. 24 - eevs.co.uk · welcome to the latest edition of u.k. energy...

Energy Efficiency Trends Vol. 24 Essential insight for consumers and suppliers of non-domestic energy efficiency in the U.K. September 10, 2018

Energy Efficiency Trends Vol. 24

September 10, 2018

© EEVS insight Ltd. 2018. Developed in partnership with Bloomberg New Energy Finance (Bloomberg Finance L.P. 2018). No portion of this document may be reproduced, scanned into an electronic system, distributed, publicly displayed or used as the basis of derivative works without the prior written consent of the joint partners.

SUPPORTED BY

Bird & Bird supports its clients to achieve energy savings, security of supply and reputational benefits from implementing energy management

solutions. The firm has an international, market-leading legal team with over ten years' experience in all aspects of energy management. For

more information, please call Levent Gurdenli, Co-head of Energy Management, on +44 (0) 20 7415 6612, email

[email protected] or visit www.twobirds.com

The Environmental Industries Commission (EIC), founded in 1995, represents the businesses that provide the technology and services that

deliver environmental performance across the economy. In short, we are the voice of the green economy. Our members are innovative and

the leading players in their field, including technology manufacturers, developers, universities and consultancies. For more information, please

call Matthew Farrow, Executive Director, on +44 (0) 20 7654 9944, email [email protected] or visit www.eic-uk.co.uk

APC Lighting specialises in Lighting products and services for the purpose of maximising energy and operational efficiency in buildings. The

company delivers a seamless, in-house service from initial site survey through to completed installation for leading private and public sector

organisations, helping to improve building environments and meet energy efficiency objectives. For more information, please call Sam

Stageman, Sales Director, on +44 (0) 330 313 3231, email [email protected] or visit www.apcplc.com/lighting

ENDORSED BY

mailto:[email protected]

http://www.twobirds.com/


http://www.eic-uk.co.uk/


http://www.apcplc.com/lighting


September 10, 2018


Contents

Section 1. Introduction 1

Section 2. Executive Summary 2

2.1. Supplier trends 2

2.2. Consumer trends 3

Section 3. Supplier trends 5

3.1. The order book 5

3.2. Staff numbers 6

3.3. Sale prices 6

3.4. Industry risk 7

3.5. Government Effectiveness 8

Section 4. Consumer Trends 9

4.1. Technologies and measures 9

4.2. Property types 10

4.3. Project costs 11

4.4. Project finance 11

4.5. Financial payback 12

4.6. Measurement and verification 12

4.7. Consumers not undertaking energy efficiency 13

Appendices 14

Appendix A: Methodology 14

Appendix B: Supplier respondents 15

Appendix C: Consumer respondents 16

About us 17

Contact us 18


September 10, 2018


Table of figures

Figure 1: Market Monitor – tracking industry confidence................................... 2

Figure 2: Consumers commissioning efficiency projects .................................. 3

Figure 3: Trends in orders from national customers ......................................... 5

Figure 4: Trends in orders from overseas customers ....................................... 5

Figure 5: Trends in the number of staff employed ............................................ 6

Figure 6: Trends in sale prices achieved .......................................................... 6

Figure 7: Key issues of concern to energy-efficiency suppliers, 2Q 2018 ......... 7

Figure 8: Trends in key issues of concern ........................................................ 7

Figure 9: Trends in industry views on energy efficiency policy ......................... 8

Figure 10: Trends in industry views of the wider economy’s management ...... 8

Figure 11: Uptake of energy efficiency technologies, 2Q 2018 versus four-quarter average ................................................................................................. 9

Figure 12: Trends in top technologies for consumer uptake ............................. 9

Figure 13: Breakdown of commissioned projects by property type, 2Q 2018 .. 10

Figure 14: Trends of commissioned projects by property type ........................ 10

Figure 15: Trends in capital costs ................................................................... 11

Figure 16: Trends in finance models .............................................................. 11

Figure 17: Trends in expected payback periods ............................................. 12

Figure 18: Trends in the use of good practice M&V ........................................ 12

Figure 19: Consumer reasons for lack of efficiency uptake, 2Q 2018 versus four-quarter average ....................................................................................... 13

Figure 20: Who completed the survey? .......................................................... 14

Figure 21: Breakdown of respondents by supplier type, 2Q 2018 ................... 15

Figure 22: Supplier respondents’ organization size (no. of employees), 2Q 2018 ................................................................................................................ 15

Figure 23: Consumer respondents by sector, 2Q 2018 .................................. 16

Figure 24: Consumer respondents’ organization size (no. of employees), 2Q 2018 ................................................................................................................ 16


September 10, 2018

© EEVS insight Ltd. 2018. Developed in partnership with Bloomberg New Energy Finance (Bloomberg Finance L.P. 2018). No portion of this document may be reproduced, scanned into an electronic system, distributed, publicly displayed or used as the basis of derivative works without the prior written consent of the joint partners. 1

Section 1. Introduction

Welcome to the latest edition of U.K. Energy Efficiency Trends (Vol.24), the leading source of market insight for the energy efficiency sector. Well, what a difference a quarter makes… After the extended downward trajectory of the last 12 months, we came to describe last quarter’s result as ‘dour’; order books drying up perhaps as Brexit uncertainty appeared to take hold. What a contrast now; the outlook feels materially changed. Positive sentiment amongst suppliers has returned with a bound as orders – and the value of those orders – have increased. Suppliers also reported an expectation of more of the same next quarter. So good news. Last time we also pointed to the rise of ‘smart building’ technologies in the results. And this quarter we’ve seen building energy management systems (BEMS) rival the long-standing market leader, LED lighting, for the top spot in the technologies listing. It’s possible that the next set of results could show a new market leader! So it’s been an upbeat and interesting quarter – and we’ve hardly mentioned Brexit (which is perhaps just as well at this point). As ever, if you have any questions or queries in relation to the findings please do get in touch.

Tom Rowlands-Rees

Bloomberg New Energy

Finance

Ian Jeffries

EEVS Insight


September 10, 2018


Section 2. Executive Summary

The EEVS/Bloomberg Energy Efficiency Trends Survey (Vol.24) was completed

by 67 U.K.-based respondents (36 consumer organizations and 31 suppliers),

between July 10 and August 10, 2018. Their answers relate to the situation in the

second quarter of 2018.

2.1. Supplier trends

Figure 1: Market Monitor – tracking industry confidence

Source: EEVS, Bloomberg NEF. Note: based on weighted confidence indicators from Figures 3,

4, 5, 6, and 9. Zero represents neutrality.

• Overall confidence: figure 1 above shows market confidence rebounding sharply this

quarter following an extended period when confidence was low and declining (to the point of

outright pessimism). With suppliers in more positive mood, this step-change in confidence is

also forecast to continue into 3Q. Some of main reasons for this change in sentiment are

highlighted below:

• Orders: the sector enjoyed a welcome uptick this quarter, following a sustained 12-month

downward trend. Figure 3 shows that 52% of suppliers saw order book growth in the last

three months, with only 13% reporting declines (this compares to 33% in the previous

quarter).

• Staffing: it was a cautiously optimistic quarter from a recruitment perspective. While the

majority of suppliers reported no change in staffing levels (continuing a long-term trend),

growth in headcount was still reported by 35% of suppliers and only 16% saw declines.

Suppliers forecast further recruitment in the next quarter.

-300

-250

-200

-150

-100

-50

0

50

100

150

200

250

300

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Qe

2012 2013 2014 2015 2016 2017 2018

Positive sentiment(max = 500 points)

Negative sentiment(min = -500 points)

Positive sentiment(max = 500 points)

Negative sentiment(min = -500 points)


September 10, 2018


• Prices: in a material change to the long-term trend toward static pricing across the sector,

this quarter some 40% of respondents reported price increases (see Figure 6), the most since

the survey began. This is expected to be a short, sharp price correction, however, as

suppliers said that they didn’t expect these increases to continue into 3Q.

• Government action: on energy efficiency policy, supplier sentiment remains firmly in

negative territory with over half of respondents considering the current policy framework to be

ineffective. Still, there was a modest uptick this quarter, perhaps in response to the recent

BEIS consultation ‘Building a market for energy efficiency: call for evidence’. In relation to the

wider economy, sentiment remains equally negative; less than 20% of respondents consider

the U.K. government to be effectively managing the economy.

2.2. Consumer trends

Figure 2: Consumers commissioning efficiency projects

Source: EEVS, Bloomberg NEF. Note: shows the proportion of respondents who have

commissioned (or plan to commission) projects in a given quarter.

• Procurement: figure 2 above shows a firm uptick in projects commissioned by customers in

2Q 2018 (mirroring supplier feedback also set out above). And although this doesn’t reach

the peaks of 2015, the result this quarter is a positive shift following five consecutive quarters

of below-average consumer investment.

• Technologies: figure 11 (see page 9) shows a material change to the leading technologies

being commissioned by customers this quarter; Building Energy Management Systems

(BEMS) now being commissioned by more than 60% of active consumer respondents. The

growth in BEMS uptake this quarter sustains the gains of the previous quarter and, were this

trend to continue into next quarter, BEMS could potentially overtake lighting as the number

one technology choice. Given the dominance of lighting since the survey began, this could be

a significant shift for the sector, so it will be very interesting to see the results next time.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

2012 2013 2014 2015 2016 2017 2018


September 10, 2018


• Spending: figure 15 (page 11) shows a significant uptick in customer spending this quarter,

primarily driven by a jump in large-scale projects (£500k+). Accounting for 42% of projects,

this was by far the strongest quarter for the largest schemes since the survey began.

However, as our research also shows, spending patterns can be volatile, and it will be

interesting to see if this level of spending continues next time, or if we get something of a ‘yo-

yo effect’ as further procurement is deferred while existing schemes are delivered.

• Expected Payback: figure 17 (page 12) shows that customers now typically expect financial

‘returns’ from their investments within four years – a slight tightening on the previous quarter.

This is something of an unexpected result set within the context of the price increases

reported by suppliers (see fig. 6) and the commissioning of larger-scale projects (see fig.15)

that tend to have longer paybacks associated.

• Performance Measurement & Verification: project transparency and accountability has

continued to improve this quarter, with more than 60% of customers now reporting the

inclusion of good practice performance analysis and verification to help demonstrate the

savings ‘returns’ attributable to their investments.


September 10, 2018


Section 3. Supplier trends

3.1. The order book

Figure 3: Trends in orders from national customers

Source: EEVS, Bloomberg NEF. Note: the confidence indicator is an input to the market monitor

in Figure 1. Zero represents neutrality.

Figure 4: Trends in orders from overseas customers



-300

-240

-180

-120

-60

0

60

120

180

240

300

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

e

2012 2013 2014 2015 2016 2017 2018

Fall significantly

Fall slightly

Remain constant

Increase slightly

Increase significantly

Confidence indicator(RH axis)

-300

-240

-180

-120

-60

0

60

120

180

240

300

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

e

2012 2013 2014 2015 2016 2017 2018

Fall significantly

Fall slightly

Remain constant

Increase slightly




September 10, 2018


3.2. Staff numbers

Figure 5: Trends in the number of staff employed



3.3. Sale prices

Figure 6: Trends in sale prices achieved



-300

-240

-180

-120

-60

0

60

120

180

240

300

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

e

2012 2013 2014 2015 2016 2017 2018

Fall significantly

Fall slightly

Remain constant

Increase slightly



-300

-240

-180

-120

-60

0

60

120

180

240

300

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

e

2012 2013 2014 2015 2016 2017 2018

Fall significantly

Fall slightly

Remain constant

Increase slightly




September 10, 2018


3.4. Industry risk

Figure 7: Key issues of concern to energy-efficiency suppliers, 2Q 2018

Source: EEVS, Bloomberg NEF. Note: each supplier respondent was asked to select their

primary issue of concern.

Figure 8: Trends in key issues of concern

Source: EEVS, Bloomberg NEF. Note: each supplier respondent was asked to select their

primary issue of concern.

Customer demand26%

Subsidy / policy uncertainty 16%

Pressure to reduce costs

13%

Regulation10%

National competition

6%

Raising finance6%

Staff costs 3%

Business tax3%

Other 16%

Customer demand

Subsidy / policy uncertainty


Regulation


Raising finance

Staff costs

Business tax

Other

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


2012 2013 2014 2015 2016 2017 2018

Other

International competition

Business tax

Staff costs

Raising finance


Regulation


Subsidy / policy uncertainty

Customer demand


September 10, 2018


3.5. Government Effectiveness

Figure 9: Trends in industry views on energy efficiency policy



Figure 10: Trends in industry views of the wider economy’s management

Source: EEVS, Bloomberg NEF. Note: CI = confidence indicator. The dotted line represents the

CI from Figure 9, which is overlaid here for comparison with views on the wider economy. Zero

represents neutrality.

-300

-240

-180

-120

-60

0

60

120

180

240

300

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


2012 2013 2014 2015 2016 2017 2018

Very ineffective

Ineffective

Neutral

Effective

Very effective


-300

-240

-180

-120

-60

0

60

120

180

240

300

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


2012 2013 2014 2015 2016 2017 2018

Very ineffective

Ineffective

Neutral

Effective

Very effective


Energy efficiency CI(RH axis)


September 10, 2018


Section 4. Consumer Trends

4.1. Technologies and measures

Figure 11: Uptake of energy efficiency technologies, 2Q 2018 versus four-quarter average

Source: EEVS, Bloomberg NEF. Note: ranks technologies according to the proportion of

consumers who commissioned a project in each technology out of the overall number of

consumers commissioning projects.

Figure 12: Trends in top technologies for consumer uptake

Source: EEVS, Bloomberg NEF. Note: shows the proportion of respondents who commissioned a

project in the respective category out of the total number of respondents who commissioned a

project.

0% 20% 40% 60% 80% 100%

Other

Compressed air equipment

Fuel cells

Thermal storage

Off-site renewables procurement (e.g. power-purchase agreement)

Radiant and warm air heaters

Battery storage

Demand response capability

Heat pumps

Energy recovery

Refrigeration efficiency

Solar thermal

District heating

Voltage optimization / power factor correction

Refrigeration controls / optimization

Building fabric

High speed hand dryers

Combined heat and power (CHP)

Heat exchangers

Motors and drives

Behaviour change

Boiler efficiency

Monitoring & targeting (M&T) / smart metering

Solar PV

Ventilation, cooling & air conditioning

Lighting controls

Boiler controls / optimization

Building energy management system (BEMS)

Lighting efficiency

2Q 2018

T12 average

Lighting efficiencyBuilding energy

management system (BEMS)

Boiler controls / optimization

Lighting controls

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


2012 2013 2014 2015 2016 2017 2018


September 10, 2018


4.2. Property types

Figure 13: Breakdown of commissioned projects by property type, 2Q 2018

Source: EEVS, Bloomberg NEF

Figure 14: Trends of commissioned projects by property type


Office27%

Public building

9%

School8%

University5%

Manufacturing6%

Industrial3%

Leisure centre / sports

9%

Hospital6%

Retail –high street

5%

Retail – out of town

3%

Data centre5%

Laboratory3%

Residential3%

Warehousing & distribution

5%

Street / highway lighting infrastructure

2% Other 2%

OfficePublic buildingSchoolManufacturingLeisure centre / sportsHospital

Retail – out of townData centre

Office

Public building

School & university

Manufacturing & industrial

Retail


Hospital

Other

0%

20%

40%

60%

80%

100%


2012 2013 2014 2015 2016 2017 2018

Other

Retail

Hospital


Manufacturing & industrial

School & university

Public building

Office


September 10, 2018


4.3. Project costs

Figure 15: Trends in capital costs

% projects in each band £ Thousands

Source: EEVS, Bloomberg NEF. Note: the line shows the cost trend for energy efficiency projects

over time based on the estimated median.

4.4. Project finance

Figure 16: Trends in finance models


0

100

200

300

400

500

0%

20%

40%

60%

80%

100%


2012 2013 2014 2015 2016 2017 2018

Unknown

£500K+

£100-500K

£50-100K

£10-50K

<£10K

Zero

Median

(RH-axis)

0%

20%

40%

60%

80%

100%


2012 2013 2014 2015 2016 2017 2018

Other

Unknown

Supplier-arranged

Third-party finance

Combination

In-house


September 10, 2018


4.5. Financial payback

Figure 17: Trends in expected payback periods

% projects in each band Number of years

Source: EEVS, Bloomberg NEF. Note: the line shows the expected payback trend for energy

efficiency projects based on the estimated median.

4.6. Measurement and verification

Figure 18: Trends in the use of good practice M&V

Source: EEVS, Bloomberg NEF. Note: M&V = measurement and verification.

0

2

4

6

8

10

0%

20%

40%

60%

80%

100%


2012 2013 2014 2015 2016 2017 2018

Unknown

10 + years

5-10 years

3-5 Years

1-3 years

<1 year

Median

(RH-axis)

0%

20%

40%

60%

80%

100%


2012 2013 2014 2015 2016 2017 2018

No

Unknown

Yes


September 10, 2018


4.7. Consumers not undertaking energy efficiency

Figure 19: Consumer reasons for lack of efficiency uptake, 2Q 2018 versus four-quarter

average

Source: EEVS, Bloomberg NEF. Note: respondents not commissioning projects may have cited

multiple reasons. The chart shows the proportion of respondents in each category out of overall

respondents not commissioning projects. Results therefore do not sum to 100%.

0% 20% 40% 60% 80% 100%

Other

Lack of trust in the industry

Preference for renewable energy (e.g. solar)

Negative impact on core operations

Senior management not bought in

Subsidy uncertainty

Wider macro-economic uncertainty

Uncertainty over the financial benefits / business case

Lack of affordable finance

Buildings are landlord-owned, so little upside

Higher priorities elsewhere

Lack of resource

Energy efficiency has already been undertaken

Future projects are planned

2Q 2018 (negative impact)

Four-quarter average

2Q 2018 (industry neutral)


September 10, 2018


Appendices

Appendix A: Methodology

The EEVS/Bloomberg Energy Efficiency Trends Survey (Vol.24) was conducted between July 10

and August 10, 2018, and completed by 67 U.K.-based respondents (36 consumer organizations

and 31 suppliers).

This is the 24th in a series of reports showing industry trends in non-residential energy efficiency.

As the report series evolves, we continue to make minor tweaks.

Initially, the report covered a broad range of European countries, but since Volume 8, it has

presented U.K.-based results only, as these consistently accounted for the bulk of data received.

In focusing the report on a single country with better data coverage, we were able to present

cleaner, more robust results. This coincided with a revamp of the analysis including – among other

modifications – the introduction of a set of time series charts.

Please reach out should you wish to discuss any of the trends observed in the charts.

Figure 20: Who completed the survey?


Consumer54%

Supplier46%


September 10, 2018


Appendix B: Supplier respondents

Figure 21: Breakdown of respondents by supplier type, 2Q 2018


Consultancy services48%

ESCO16%

Lighting10%

Building management

systems10%

Finance7%

Refrigeration3%

Monitoring & targeting3%

ICT3%

Figure 22: Supplier respondents’ organization size (no. of employees), 2Q 2018


26%

29%16%

23%

Less than 10

10-50

51-250

251-500

501-1000

More than 1000


September 10, 2018


Appendix C: Consumer

respondents

Figure 23: Consumer respondents by sector, 2Q 2018


Figure 24: Consumer respondents’ organization size (no. of employees), 2Q 2018


Local or regional authority

33%

Health11%

University6%

Central government3%

Other3%

Retail & wholesale8%

Leisure & recreation6%

Services & storage3%

Property & real estate3%

Manufacturing11%

Construction & engineering

3%

Transportation3%

Other8%

Local or regionalauthority

Retail & wholesale

Manufacturing

Other

Public / institutional

Commercial

Industrial

Other

6%

11%

8%

3%

72%

Less than 50

50 - 250

251 - 500

501 - 1000

More than 1000


September 10, 2018


About us

About EEVS

EEVS is the U.K.’s leading provider of performance assurance, analysis and information services in relation

to energy efficiency. Our performance assurance services include working with clients to devise and develop

performance management systems and strategies; procurement policies and tender evaluations; due

diligence on performance contracts and guarantees; performance and financial risk analysis.

Alongside this, our established team of energy analysts provide high quality, independent Measurement and Verification (M&V) services

for all sizes and types of energy saving projects. Since 2011 we have evaluated the savings performance of hundreds of energy efficiency

projects to the global good practice standard, IPMVP. Our trusted analysis helps suppliers to credibly prove their project’s or technology’s

saving performance, whilst providing customers with much-needed certainty around their investment’s return and value for money.

EEVS wider market information and research services – in particular the Energy Efficiency Trends publications – aim to improve the

attractiveness, transparency and investability of the energy efficiency market through the provision of reliable market-level performance

and trend information. For further details about EEVS and our services, please visit www.eevs.co.uk

About Bloomberg NEF

Bloomberg NEF (Bloomberg NEF), Bloomberg’s primary research service, covers clean energy,

advanced transport, digital industry, innovative materials and commodities. We help corporate

strategy, finance and policy professionals navigate change and generate opportunities. Bloomberg

NEF has staff of more than 200, based in London, New York, Beijing, Shanghai, Cape Town, Hong

Kong, Singapore, Munich, New Delhi, San Francisco, São Paulo, Sydney, Tokyo, Washington D.C.,

and Zurich.

For more information please visit about.Bloomberg NEF.com

http://www.eevs.co.uk/

http://about.bnef.com/


September 10, 2018


Contact us

Ian Jeffries

[email protected]

+44 (0) 33 0313 8488

EEVS Insight Ltd

22 Long Acre

London

WC2E 9LY

Tom Rowlands-Rees

[email protected]

+44 (0) 20 3525 4144

Bloomberg L.P.

3 Queen Victoria Street

London

EC4N 4TQ

© EEVS insight Ltd. 2018. Developed in partnership with Bloomberg New Energy Finance

(Bloomberg Finance L.P. 2018). No portion of this document may be reproduced, scanned into an

electronic system, distributed, publicly displayed or used as the basis of derivative works without

the prior written consent of the joint partners.

For more information on terms of use, please contact [email protected].

Join the Energy Efficiency Trends Community

Register at http://www.eevs.co.uk/contactsurvey.html to join the Energy Efficiency Trends Community and receive free quarterly

Energy Efficiency Trends reports direct to your email inbox.

By registering you will also be invited to complete the quarterly surveys upon which the research is based. If you are a consumer,

financer or supplier of energy efficiency consultancy, products or services, your input would be greatly appreciated. Your

responses will be treated anonymously and aggregated to form the published Energy Efficiency Trends report.

To find out more about Energy Efficiency Trends, or to download previous editions please visit our website:

www.energyefficiencytrends.com

EEVS:

Bloomberg NEF:

Copyright:




http://www.energyefficiencytrends.com/


September 10, 2018


energy efficiency trends vol. 24 - eevs.co.uk · welcome to the latest edition of u.k. energy...

Documents