The London Fire Brigade has undertaken an analysis of energy costs, in particular to clarify which elements are covered by contract prices and when these expire, to identify potential cost implications in the short to medium term. The Brigade has also considered opportunities to reduce demand/consumption and has raised the potential impacts of increased energy costs with the Home Office. The inflationary pressure is a key risk on the Brigade’s corporate risk register and, as such, is reviewed on a regular basis.
The financial impact in the current year is reported as part of the Brigade’s financial position and is to be met through a draw from reserves. The impact into the future is being considered and addressed as part of the Brigade’s budget process and will be included in the budget submission to the Mayor in November 2022.