For any business, reliable energy costs can be a major challenge. According to the U.S. EIA, the United Kingdom is among the top 12 energy consumers per capita in the world. And as the country’s financial services sector has grown and taken over as the main energy user, the UK’s energy consumption has increased even faster.
Peak demand periods in the summer and winter can result in especially high energy prices, which can make it difficult for small businesses to stay afloat. That’s why it’s so important for businesses of all sizes to learn how to save money on their business energy costs in the UK. Fortunately, there are plenty of ways to limit your energy costs and avoid overpaying. Keep reading to learn more top tips from the guys at Business Energy UK.
Track your energy usage
One of the most effective ways to keep your energy costs low is by tracking your energy usage. If you have a smart meter in your home or office, make sure you’re using this to monitor your energy usage. You can also track your energy usage with an app like My Energy Manager. By tracking your energy usage, you can quickly identify areas of your business that are using a lot of energy. For example, if you’re using a lot of power to cool a certain area of your office, you can make that area more comfortable by installing fans or adding insulation.
Install energy-efficient equipment
If you’re a storefront business, invest in energy-efficient lighting. For example, install LED lighting or install dimmer switches to control your lighting. Research your city’s business energy savings programme to see if your city offers any energy-saving incentives to businesses. If not, look for rebates, grants, or discounts on energy-efficient equipment from your local authority, utility provider, or equipment manufacturer.
To keep your energy costs low, you should reduce your demand during peak times or turn off unused equipment. For example, if your business is using a lot of power to cool an air conditioning unit, you can make your business more energy efficient by turning off the air conditioning when it’s not in use. You can also install programmable thermostats so your equipment only turns on when it’s needed.
Find ways to save energy
There are many ways to save energy in your business. For example, you can create a policy that requires employees to be in the same room while they are using computers, working from home one day a week, or turning off equipment when they’re not using it. You can also educate your employees on how to be more energy efficient so they don’t need to ask for permission to turn off equipment or leave the office one day a week.
To keep your business energy costs down, you should track your energy usage, install energy-efficient equipment, and reduce your demand. Finally, look for ways to save energy and create a policy that requires employees to be more efficient. These 4 tips on how to save money on your business energy costs in the UK will help you get the most out of your spending while avoiding overpaying.