Centrica Business Solutions have published a report which claims that a lack of energy resilience strategies could cost businesses £2.8 million each.
Centrica surveyed 300 medium-sized businesses across the UK and Ireland.
The cost prediction of a serious energy failure was calculated at around 7% of annual income.
This figure was gathered from senior decision makers who had never experienced a serious energy failure and so figures vary drastically.
Businesses taking part in the survey who had suffered energy failures corrected and escalated this figure by stating their actual revenue loss was on average, closer to 17%.
It is suggested that 16% of businesses currently have the creation of the plans as a priority.
Less than 20% currently have an energy resilience policy, with another 32% having no strategy whatsoever for energy resilience.
The report claims that having such plans in place can boost brand reputation and financial performance by around 13% and 30% respectively.
UK Director of Centrica Business Solutions, Alan Barlow stated: “Ignoring the risks can be very damaging.”
“Without an energy resilience strategy, organisations can only be as successful as their energy supply allows.”