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Friday, January 15, 2021

Business Transformation

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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Sophie Ireland
I'm policy editor at CEOWORLD magazine covering venture capital, money, lists, rankings, billionaires and their wealth. Previously, I worked on the breaking news team at CEOWORLD magazine covering money and markets. Email me at sophie@ceoworld.biz, follow me on Twitter, Instagram, or subscribe to my Facebook page.
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