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    You are at:Home £1.4 Billion of Energy is Stolen Per Year, Here’s How Property Owners Can Identify if They’re a Victim
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    £1.4 Billion of Energy is Stolen Per Year, Here’s How Property Owners Can Identify if They’re a Victim

    Sam AllcockBy Sam Allcock28/08/2024No Comments3 Mins Read7 Views
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    There has been nearly a 50% increase in energy theft reports made to Crimestoppers  in the last 10 months and it’s estimated that over £1.4 billion of energy is stolen each year across the UK. As incidents of this crime escalate and become more frequent, energy experts at Bionic have outlined how businesses can identify signs of energy tampering and how they can look to protect themselves from energy theft.

    What is energy theft?

    Energy theft involves illegally tapping into an electricity or gas supply to use energy without paying for it. This crime is usually committed by individuals or businesses looking to reduce or completely avoid their energy bills.

    How to identify energy theft?

    Businesses can identify potential energy theft by looking out for several key signs that indicate tampering or unauthorised usage, including:

    Unexpectedly high bills

    Sudden, unexplained spikes in energy costs when business usage patterns have remained the same could suggest that energy is being syphoned by someone. If energy consumption looks to be high outside of typical business hours, it’s likely that energy theft is occurring.

    Frequent power cuts

    Regular power outages, flickering lights and even unexplained equipment malfunctions could indicate tampering with the energy supply. 

    Tampered meters

    Damage to or unusual marks on meters, wiring, or pipelines can be a clear sign of tampering. Other signs of tampering that should be investigated for energy theft include:

    • Broken seals or locks
    • Out of place pipes
    • Burning or gas smells near the meter box
    • Smoke or sparks around the meter area
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    THREE ways businesses can protect themselves against energy theft

    There are several ways businesses can look to safeguard against energy theft:

    1. Ensure meters are secure

    Meters should be kept securely in locked cabinets or rooms. Only giving certain people access and restricting meter access will increase security further. However, it’s important to keep meter areas clear so they can be regularly spot-checked for any signs of energy theft.

    1. Monitor energy usage

    Businesses should look to keep track of and analyse their energy usage regularly. For example, taking note how much energy usage goes up in the winter months will provide valuable insights into seasonal patterns, helping to identify any anomalies that could signal potential energy theft. 

    Likewise it’s important to investigate any unexplained drops in energy usage or unusually low bills as it could be a sign of meter tampering or unauthorised connections, where someone else is syphoning energy without being detected. Regular monitoring ensures that any irregularities are caught early, protecting the business from financial losses and safety risks.

    1. Ensure regular audits and inspections are carried out

    To safeguard against energy theft and inefficiencies, businesses should conduct regular energy audits to identify any inconsistencies between energy usage and bills. Additionally, scheduling frequent inspections of energy infrastructure, such as meters, can help businesses detect any tampering or unauthorised connections early. 

    Les Roberts, energy expert at Bionic added: “Unfortunately, during the cost of living crisis, the risk of energy theft has increased as both individuals and businesses have had to resort to desperate measures to reduce energy bill burdens. 

    See also  Which Towns Have Faster Rising House Prices Than London?

    “It’s vital for businesses to stay vigilant, as energy theft not only drives up operational expenses but also poses significant safety hazards that can disrupt operations and endanger lives. Regular monitoring and proactive measures can help identify suspicious activity early and hopefully ensure that businesses don’t suffer as a result of the increase in this crime.”

    £1.4 billion can energy here’s how identify owners per press property releases stolen they’re victim year
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    With over 20 years of experience in the field SEO and digital marketing, Sam Allcock is a highly regarded entrepreneur. He is based in Cheshire but has an interest in all things going on in the property and development world.

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