The NHS plan to save £150m by implementing energy efficient measures!

10 Apr

According to a new report done by the Green Investment Bank (GIB) the NHS could cut its energy costs by up to 20% by implementing energy efficiency measures.

The Green Investment Bank was established in 2012 and is capitalised with £3.8 billion of public money. The bank published the report as it announced its fourth investment in the NHS system. The plan is to aid the UK conversion to a clean and green economy by backing a number of projects with a major priority being energy efficiency. The bank has announced that by the NHS implementing a number of energy efficient measures, the organisation could save around £150 million each year on its energy bill.

The NHS deals with more than one million patients every 36 hours working across 2,300 hospitals, making it a heavy user of energy because of its size and activities.

More than £750 million is spent on energy costs each year by the NHS. This amount is expected to rise with the constant increase in energy prices and their impact on homes and businesses around the UK. This impact is resting heavily on the NHS budget and the Green Investment Bank has suggested a number of energy efficiency measures to save a potential £150 million each year on their energy bill.

In the report, various measures have been recommended including LED lighting, combined heat and power systems, biogas boilers, ventilation and control systems and heating. In order to achieve these savings an investment of up to £1.5 billion will need to be injected.

The NHS has also pledged to cut its greenhouse gas emissions by 10% by 2015. The measures suggested would help the NHS exceed this target in addition to cutting costs. If the energy efficiency measures were implemented effectively they could actually cut the emissions by 25%, a very attractive figure for the organisation.

The chief executive of the Green Investment Bank, Shaun Kingsbury has said;

“As we would expect the NHS is one of the most energy intensive organisations in the UK. We want to help it reduce its energy costs by providing a package of support to finance energy efficiency measures. Investing in energy efficiency isn’t just about cost savings and environmental benefits. Projects can help the NHS upgrade its facilities while improving reliability and resilience of its systems.”

The NHS is currently in the spotlight in regards to budgets, thus these improvements could give the organisation the relief it needs. The investment would help develop the NHS in terms of its facilities offering a more advanced service. The money that would be freed up by a saving in energy bills could be spent on front line services and medical research, an added benefit for the organisation and patients.

 

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