Getting the best price for your business gas and electricity might not have been a priority in the past, but it should be now. Business energy prices are rising across the board, so now is the time to take action.
Energy costs are forecast to rise even further with fuel prices continuing on an upward trajectory and operators using more energy than ever before due to digitalisation and automation.
How to Save Money on Energy Bills
Saving money on energy bills doesn't have to be difficult if you know what options are available to you.
Set a budget
The easiest way to save money on business energy bills is to set a budget. If you know how much money you are willing to spend on your gas and electricity, then it will be easier for you to identify ways in which this can be reduced.
Get a fixed rate tariff
The next step is to ensure that the business is on a fixed rate tariff. This means that if the price of energy goes up or down significantly, then it won't affect the business expenditure because its cost will remain unchanged.
Insulate your property
If you properly insulate your building using energy-efficient windows or blinds, your building will require less energy to remain hot in winter and cool in summer. This means your air conditioning and heating system will not have to work as hard.
Changing your windows and blinds may not seem like a big deal, but it can help you save a lot of money on your energy bills, especially over longer time periods.
Find the best deal
It's also important not to be afraid of asking for better deals from suppliers! Many companies offer discounts for new customers as well as existing ones, so make sure that you ask about these before signing up with them or renewing contracts with existing providers (if applicable).
If there are cheaper tariffs available elsewhere in terms of what type of fuel source they use (for example, coal compared to solar), then consider switching over so long as this does not adversely affect productivity levels at work due to a lack of access to reliable power sources nearby, such as gas lines.
Doing proper research into different energy suppliers as well as the different packages and rates they offer means you will find the most cost-effective solution for your company.
You can easily compare energy quotes through a quick online search. There are also plenty of companies that will do the research for you and offer you the best deals.
Turn off what you are not using
One of the simplest ways to save money on bills is to save energy! Turning off appliances and lights that are not in use can save you thousands of pounds each month, which you can utilise elsewhere in your business.
If you are working from an office, ask employees to turn off unnecessary lights, unplug the kettle, and even unplug their laptops when not in use. By switching off office equipment at night, you can reduce your energy consumption significantly.
Set goals to save energy
If you want to reduce your energy bills by saving energy, you need to understand the steps to reach your goal. Saying you want to save energy each month is one thing, but actually doing it is completely different.
Becoming more energy-efficient means you will have to set tangible targets to measure your progress. Consider your energy bill one month, and make it your goal to reduce it the next month. Once you attain this goal, consider how you reached it and what steps you took. Then review what you can improve on.
Do an energy audit
You need to conduct an energy audit for your company. This type of audit will let you review where your energy consumption is high, and where you are wasting energy.
Larger companies must have annual energy audits done in accordance with the government’s Energy Savings Opportunity Scheme. Small businesses do not have this obligation, but will still benefit from an internal audit.
We hope this guide has helped you understand how to make an informed decision about your energy bills and what you can do to save some money when it comes to your business’ energy consumption. If you follow our tips, you'll be able to find a cheaper deal and save money on your bills. And you can find more energy saving tips here.