A guide to business energy savings

If you’re running a business, you’ll have a lot going on. Energy bills may not be top of your list of priorities, but could be one of the easiest and quickest ways to save you some money.

Here we’ll look at two principle ways that you could make energy cost savings:

Comparing prices and switching supplier

To save money going forward, you need to know what you’re spending today. That might sound obvious, but with so much going on it’s not necessarily the case. Check any recent bill that you have and take note of the bill components. You need to know both the standing charges and the unit rates and it’s best to have the MPAN number to hand.

Once you have your unit prices and your MPAN number you can use our energy price comparison tool here. It’s simple to use and in minutes you’ll be able to compare energy prices across a host of different providers.

As with your domestic energy, fixed price tariffs usually save you money over standard rollover tariffs. Usually you will find one, two or three-year fixed terms. Remember, longer fixed terms can be more expensive, but offsetting that they offer you increased protection against future price rises.

Unlike domestic energy, we don’t offer a dual business energy tariff. That’s why, if you use our comparison service, you’ll need to enter your gas and electricity details separately. If you’re dealing with the same supplier directly for both services, it would be a standard negotiating ploy to talk about your overall energy usage of course.

One thing to bear in mind is to keep a note of the end of your deal period. Some deals will automatically renew, potentially on to a higher standard rate. You’ll usually be advised of this in writing by your supplier but it’s worth keeping your renewal dates in mind anyway so you’re not caught out.

Energy efficiency ideas

As well as looking to buy your energy at the lowest possible prices, you should always be on the look-out for things you can do to reduce the amount of energy that you consume.

For example:

  • Get an energy audit done. There are specialist firms that can do an energy audit of your office. Alternatively, many utility companies offer a free energy audit program to ensure that you are using energy efficiently.
  • Consider replacing light bulbs with energy efficient alternatives. For example, Compact Fluorescents (CFLs) not only last longer but also use about 75 – 80 percent less energy than standard light bulbs.
  • Switch it off. Not just your PCs but also printers, scanners, kitchen equipment, lights, air conditioning, and vending machines. Make it standard practice during weekends and bank holidays as a minimum and nightly if practical.
  • If you can’t switch things off completely use any hibernation features that usually exist on computers and laptops.
  • Think before you print. Not only will you save on your stationery bill but you’ll also save electricity by not sending things to the printer.
  • Consider a thermostat that you can programme. Some thermostats have the ability to automatically adjust the temperature of your workplace when no one is working there. Less air conditioning and heating can result in significant savings for your business.
  • Temperature control is really important. Just a one degree reduction in temperature during winter or increase during summer could reduce the power you use by as much as 10%.

Reducing consumption, finding cheaper prices. Lower bills, saving money. Simple. We’re here to help make that happen for you. Compare your business energy prices with us and start saving today.