How Choosing A Business Energy Plan Can Make Significant Savings

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December 16, 2021 Business

Electricity and gas bills are among some of the biggest expenses any business can face. If you operate a business, you need to check how reviewing your firm’s energy efficiency and monitoring costs can be beneficial. You will save money when you save energy, and there are different steps you can take to achieve this. Read on to learn how choosing a business energy plan can make significant savings.

Switch Tariffs

When your electricity or gas tariff contract comes to an end, your provider will automatically roll you over to the next tariff which is more expensive called a “rollover rate” or “out-of-contract rate.” However, the good strategy is to start looking for a new supplier when your current agreement is about to come to an end. Alternatively, you can negotiate better terms with your present supplier. When you opt to change suppliers, make sure you understand the terms and get the best deal. Do your research and get pertinent details like type of tariff, contract length, exit fee, discounts, and other factors.

Get an Energy Audit

Apart from switching tariffs, planning an energy audit for your business can help you maximize savings. You will get an idea about how your firm uses power and identify the areas where it is wasted. If you operate a small business, you can hire a specialist company to help you carry out an audit to get a clear understanding of energy use.

Check Efficiency of Your Business Equipment

You must look at the type of equipment you use and check if it is not contributing to high energy bills. Experienced energy consultants at goswitchenergy.co.uk explain that there are different steps you can take to drive efficiency and maximize savings. For instance, you need to upgrade older and less-efficient equipment. You also need to have a maintenance timetable and clean your appliances regularly.

Switch Off Equipment Not in Use

When equipment is not in use, make sure it is turned off. You must get all the team members involved in the business energy plan to save money. You can make a big difference if all the lights are switched off at night. Think about how you can engage everyone in the energy-saving initiative. Additionally, you must also look at your lighting to see how it can save energy and money. It is essential to upgrade your lighting from conventional or incandescent bulbs to LED technology. You can save up to 80% of your energy needs according to research. Lighting controls can also help your company minimize the demand for light.

Install Timers and Thermostats

Heating is responsible for the bigger chunk of your electricity bills. Therefore, you must consider other cost-cutting measures like installing timers or thermostats to maintain heat usage at the minimum. You need to align the timers with occupancy during working days and weekends. When the company is not open, you need to alter the timers. You also need to make the employees aware of the importance of saving energy. Make sure your HVAC is serviced regularly to ensure optimum efficiency. Nothing should block the movement of heat or air since this can affect functionality. The employees also need to understand the rules for using the heating and cooling system.

Insulate Your Office Space

Make sure you insulate all gaps that can cause heat to escape. It is vital to seal lofts, cavity walls, and other cracks. If you do not have double glazing for your windows, you can consider replacing them. When the heating or cooling system is on, you should close the windows and doors to prevent heat from escaping. During hot days, you can open windows to use natural aeration to save energy.

Generate Your Electricity

You can save a lot of money if you consider the generating power for your venture. Solar power is a cost-effective option that can also boost your brand’s reputation for consciousness to the environment. If you generate more electricity than required, you can sell it to the grid. While solar energy is the most popular, other options include biomass, wind power, and hydroelectric. While you need money to make the initial investment, you will reap enormous benefits in the long run.

Energy costs constitute the major unpredictable expense to many businesses. Most of this energy is used in the form of electricity, which often results in huge bills. However, you can make significant savings by choosing an energy-efficient plan. The tips outlined in this article can go a long way in helping you lower your monthly bills if you operate a business.