§ 25. Mr. Couchman
asked the Secretary of State for Energy what potential for improved energy efficiency in industry and commerce he can identify following Energy Efficiency Year.
§ Mr. Peter Morrison
Energy Efficiency Year was successful because it raised awareness of the cost-effective benefits of improved energy efficiency. Action already under way in industry and commerce is now leading to savings of over £500 million a year and we estimate that further annual savings of £2 billion are still possible through the introduction of cost-effective measures. This can be achieved only if managers and their staff continue to realise that the benefits of increased energy efficiency flow straight to the bottom line—benefiting customers and shareholders alike.