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Five Ways to Cut Your Business's Energy Bill

It can be a challenge keeping your outgoings to a minimum in the current climate, here are some simple changes you could make. 

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How Your Energy Bills Work

For consumers, the energy price cap is the main factor that influences the price of energy. There is, however, no price cap for businesses and they are at the mercy of the wholesale price of gas. Earlier this year, the UK Government addressed this and introduced the EBD Scheme, to help businesses with their energy bills.  

The price though, is still on the rise and every penny counts, especially if you're a small business still finding its feet. This is why we've created this article, to offer you some pointers to make every penny go as far as possible. 

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How to Cut Your Energy Business Bills

With energy prices rising, it's more important than ever for businesses to find ways to reduce their energy consumption. By making a few simple changes, you can start to save money today. 

Reminding everyone to power down computers and disconnect chargers can make a difference. You could also implement an official energy-saving initiative to reinforce your business's commitment to limiting energy use. Here, we'll take you through five simple and easily done methods for saving money for your business.  

1. Get to Know How Your Business Uses Energy

Checking your meter readings infrequently can make it difficult to pinpoint where exactly your peak energy usage is, which has a knock-on effect and makes it tricky to identify potential waste areas. 

Smart meters can give you greater control and further insights into the specifics of your business's energy usage, which allows you to see areas in which you can save on usage. Manual readings could be all that's holding you back from eliminating unnecessary waste.

2. Use Energy-Efficient Office Lighting

As much as 40% of your business's energy consumption could be attributed to lighting. By adopting a savvy approach to lighting usage, you can make significant savings.

Switching from traditional filament bulbs to contemporary options like LEDs, despite the initial investment, can significantly reduce your business's energy consumption. LEDs also typically have a longer lifespan, increasing your payback from the initial purchase. 

3. Look for Tax Benefits, Rebates, and Incentives

The Climate Change Levy is an environmental tax aimed at encouraging businesses to operate in a more environmentally friendly way. The UK Government offers tax reliefs and schemes to help businesses invest in green technology and reduce their environmental impact. 

These include allowing businesses to claim money back on qualifying energy-efficient plants, electric vehicles, and certain types of green technology. If you choose to invest in such things, it's likely you'll eventually get the value of the investment back and then some via the tax relief you'll be entitled to. 

4. Turn Down the Heat

Using the air conditioning throughout the summer can add significantly to your energy bill, as can having the heating on excessively during the winter. You need to keep yourself and your employees in a comfortable environment, but even dropping the heating by 1°C can have a big impact on how much energy you use. 

Depending on the nature of your business, keeping your office warm may well be the biggest energy cost you have, so using heating and cooling systems sparingly could mean a lot for your business energy bill. Cleaning air conditioning filters will also mean they burn less energy, saving you money on your bill. 

5. Switch Energy Suppliers

Every year, energy companies offer new deals to customers. It is worth shopping around to see if you can find a better deal on your energy bills. With the various tariffs on offer, it's important to compare prices and choose the right one for your business.

The switching process is usually very straightforward and takes just a few minutes, making it one of the easiest ways to save money on your bills. 

Find the Best Energy Deal for Your Business

If you want to find out if you could save money on your business's energy bills, all you have to do is answer some basic questions about your business and, using this information, we can show you the tariffs that are best suited to you.

Our service is 100% free and non-committal, so to get started, just tap the button below now!

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The amount you can save by switching energy suppliers will vary depending on your current tariff and the tariff you switch to. However, most people can save a significant per year by switching.

The biggest energy drains in a business vary depending on the type of business. Some common energy drains include lighting, heating, and manufacturing equipment.

It's always a good idea to gain a good understanding of how and when exactly to use your energy. Doing so will help you to cut costs in the future. 

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