New legislation concerning energy efficiency has come at just at the right time to help commercial development firms save costs, it is claimed.
New government legislation regarding the energy efficiency of buildings will help
commercial development firms to reduce the energy costs generated by their buildings, according to one expert.
The CRC Energy Efficiency Scheme will set a much-needed "benchmark" for commercial development firms, who had previously wondered how to lower the energy usage of their builds and remain cost-effective, claims Threadneedle managing director Don Jordison.
In addition, these commercial properties will then become more attractive to
property investment companies, as running costs will be lower.
Mr Jordison suggests the legislation is well-timed, as the economy is at a low point and everyone is looking to reduce costs.
"My belief at this level is that for too long energy has been seen as a fixed cost amongst all categories of owners and occupiers and now it has to be recognised as a variable cost," he concluded.
Current legislation already guarantees businesses extra money for generating their own electricity through renewable sources.
Posted by Tess Nelson
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