A proposal for a new biomass plant in north Somerset could result in local business gas and electricity prices being reduced, as well as domestic costs.
E.On is looking to develop the plant at the Royal Portbury Dock, which could be generating 150 megawatts of electricity for 200,000 homes by 2013 if the planning application is approved.
Power stations using biomass as a fuel are considered more environmentally-friendly than fossil-fuel alternatives and E.On said the Royal Portbury Dock plant would be fired mainly using recycled wood gathered from within 50 miles of the plant.
Dave Rogers, regional director for E.On's renewables business, said: "This scheme alone will displace more than 450,000 tonnes of carbon dioxide every year, which is the equivalent of taking around 150,000 cars off UK roads."
The Department of Energy and Climate Change is currently considering the proposal and recently approved a similar project in Tilbury docks near London.
Britain is committed to generating 15 per cent of its national energy demands from renewable means by 2020.
If you want to find out more about business energy and how you could save up to 50 per cent on your business energy bills, click here.