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CEOWORLD magazine - Latest - Tech and Innovation - How to Reduce Your Business Energy Costs

Tech and Innovation

How to Reduce Your Business Energy Costs

Times are hard for businesses right now, who are facing increased costs whilst seeing reduced demand. Covid-19 has brought with it a huge number of implications for business. With no clear end in sight, it is important that businesses adapt and save money where they can. The easiest way to do this is by reducing your business energy costs. This will not only benefit your business, but help the world through tackling climate change. Here are some effective but simple ways to achieve this.

Encourage and Educate Employees

A good place to start in reducing your energy costs would be to ensure your employees understand the importance of saving energy. Don’t just focus on the business benefits, but also the benefit to the world due to you reducing your impact on climate change. Ensure employees remember to turn their computers off, switch their lights off and take on a new awareness of their energy consumption. Keep an eye on your heating systems, ensuring they are not being used unnecessarily, and especially make sure they are turned off at the end of the day. This will help keep your energy consumption down and save you money on your bills. Just by running a quick energy-saving workshop with your employees, you can get their active support in keeping your business energy costs down.

Use an Energy Comparison Switch Site

How competitive is your current energy tariff? The likelihood is you don’t know or don’t have the time to look at the websites of the huge number of suppliers that are out there. However, this does not need to be a time-consuming process. There are a lot of energy comparison switch sites out there that will help keep your business energy prices low. These sites work by comparing the costs of different suppliers, ensuring you get the best deal. It is a quick, hassle-free way to ensure that your business energy costs are kept as low as possible.

Ensure You Are Using the Most Efficient Equipment

Switching to more efficient equipment is another simple solution towards keeping your business energy costs low. Most are unaware of the impact that using various non-efficient pieces of equipment can have on their energy costs. By choosing equipment with an A+ energy rating you will see reduced energy bills. This will soon offset any costs incurred through upgrading equipment. One example of how to do this is to switch to the use of laptops. They are much more energy efficient than desktops. Also, you could switch to lights that work on a sensor, therefore preventing them being left on unnecessarily.

These are just some of the ways to see significant reductions in your business energy costs. They will all have a considerable impact whilst requiring very little time and effort. Through just educating your workers, using an energy comparison switch site, and switching to more efficient equipment, you can make significant changes to your energy costs. These are just a few simple ways to keep your business successful, whilst helping the planet.
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CEOWORLD magazine - Latest - Tech and Innovation - How to Reduce Your Business Energy Costs
Sophie Ireland
Sophie is currently serving as a Senior Economist at CEOWORLD magazine's Global Unit. She started her career as a Young Professional at CEOWORLD magazine in 2010 and has since worked as an economist in three different regions, namely Latin America and the Caribbean, Africa, East Asia, and the Pacific. Her research interests primarily revolve around the topics of economic growth, labor policy, migration, inequality, and demographics. In her current role, she is responsible for monitoring macroeconomic conditions and working on subjects related to macroeconomics, fiscal policy, international trade, and finance. Prior to this, she worked with multiple local and global financial institutions, gaining extensive experience in the fields of economic research and financial analysis.


Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at sophie@ceoworld.biz.