Taking the time to review and reduce your business’s energy consumption – and therefore, how much you pay – is a task that can pay dividends today, and well into the future.
There are two ways you can help lower your business’s energy bills: shopping around for a more competitive offer, and changing how and when you use energy.
With the following five tips, you can aim to do both and enjoy the best of both worlds:
1. Use energy at the right time.
Peak energy usage times come with a peak energy usage price. The reason for this is because when more people use energy, there’s more pressure on the energy grid, and that surge in demand translates to higher prices. The good news is, energy providers are quite upfront about the fact that they charge more or less for energy consumed at different times. Start by reviewing your business energy bill to see how much energy you consume, then identify energy hot spots throughout your business, so you can start looking to shift the timing of your highest impact energy-users.
2. Adjust your habits.
A few small tweaks can make a massive difference. Some actions, like encouraging your employees to turn off lights or fans when a room is not in use; replacing appliances when they break with an energy-efficient version; or adopting energy-saving measures to adapt your energy consumption, can make a big difference on your bill. According to the Department of Industry, Science, Energy and Resources (DISER), you could save $172 a year by getting rid of a second refrigerator, or $193 a year by switching appliances like kettles and microwaves off at the wall when not in use.
3. Focus on lighting.
One of the biggest contributors to a business’s energy bill is lighting. As well as keeping them turned off when rooms are not in use, consider installing energy-efficient LEDs, which use far less energy than halogen bulbs, without compromising on quality. You could also set lighting to a sensor or timer, or install dimmer switches to further reduce energy consumption.
4. Set temperature bandwidths.
Combat the rising costs of power during winter and summer by being mindful about the energy you use, and how you use it. DISER confirms that for each degree heating or cooling is increased, energy use increases 5% to 10%. It’s recommended to set your heating thermostat to 18 to 20°C in winter, and around 25 to 27°C in summer, to avoid churning through too much power.
5. Shop around.
In addition to all of the above, you can make a powerful dent in your business’s energy bill by shopping around for a provider that delivers better value. Compare both electricity and gas retailers, depending on your needs and goals, and review different options such as time-of-use pricing, off-peak usage, or smart meters, to see if they could help you achieve greater energy efficiency throughout your business and save money at the same time.
Are you paying too much for your energy bills? Let our team of experts review your energy bill to try and find you a plan that suits your needs and saves you money – contact us today.