Do you have the right energy plan for your business?
Many business owners are too busy to spend time considering their energy usage, but it’s important to avoid getting complacent about your business’s energy plan.
Re-evaluating it each year to ensure your existing plan continues to serve your business’s needs and provide you with the best price possible is crucial.
Understanding your energy consumption
Making an effort to monitor business energy consumption is essential if you want to save on your current consumption. To make savings on energy, you need to know how your business is using it.
Businesses often face budgeting challenges and costs each month. A large portion of these costs are often attributed to energy usage. Many businesses do not have a good understanding of their energy usage and costs. They pay the bills each month without actually reviewing them or look for opportunities to improve consumption.
Assessing the energy efficiency of your business may provide valuable insight to help develop ongoing energy-saving habits. This information may also be used to create a more environmentally friendly business and invest in sustainable options such as solar energy.
Conducting an energy efficiency assessment may assist you in identifying your current energy consumption and areas for improvement. This may help you identify the energy consumption of individual pieces of equipment and appliances.
Understanding your energy usage can help you make decisions for your business. Gain insights into daily energy consumption and overall demand and this may help you identify potential savings or areas of improvement.
Reducing your energy costs can help you lower overall business overheads. Cutting expenses such as your monthly energy bill thereby has the potential to improve your margins and profitability.
Changes to your energy usage
Your business energy needs may change year after year, especially as your business grows, so it’s important to continue to assess your energy needs and current consumption to ensure your plan is best suited for your business.
Consider any company growth over the next 12 months. What impact might this have on your energy usage?
If you’re planning to move office or expanding the one you have, consider how this will affect your energy consumption. You may want to talk to your provider to ensure you have a smooth transition if you need to switch your energy to a new address.
Assessing your current energy usage can help develop strategies for future energy bill savings. This may include upgrading your office equipment to more energy-efficient alternatives or even switching to LED light bulbs and motion sensor lighting.
As your business energy needs change, so too should your energy plan, so make sure to keep assessing it regularly to ensure it continues to be the best fit for your business.
If you want to assess your energy usage to see where you could save, check out our blog on how to conduct an energy audit.