A lot of business owners fail to take into consideration the amount of money they pay for electricity bills each month. Most of these folks think that their monthly electric bill simply covers the cost of operating their business. However, sometimes, this is not always the case.
If you haven’t been paying attention to your electric bills each month, this is the best time to start a new habit. You’d be surprised how much money you can save by simply checking your monthly power consumption and making the necessary adjustments to your day-to-day operations.
Start by conducting a thorough energy audit
The majority of power utility companies offer to do energy audits for their commercial clients free of charge. With a comprehensive audit, you can have an overview of how much money goes on your electricity consumption each month. It will help you boost your company’s energy efficiency and determine the adjustments you need to make such as replacing outdated equipment and switching to energy saving light sources.
Compare charges of utility companies
Utility companies charge different rates. As such, it pays to know if your chosen utility company is providing you with the best deal in the area. Go to websites like Utility Bidder and compare the utility costs. This way you can switch to a better provider and get more value for your money.
Become more mindful of your business energy use
Now that you have an overview of how your business consumes electricity, you can start implementing the right energy saving techniques. For example, you can switch to new equipment that consumes less power but still manages to provide exceptional results. Also, see to it that you switch off the lights or unused equipment to reduce your energy consumption.
Maximise the use of natural light
Letting in natural light in your building can significantly reduce your power consumption. It also helps improve the mood of your employees and customers. As much as possible, you should focus on installing large windows in strategic places in your office or shop so you can make use of natural light from the early morning until after lunch.
Opt for energy-efficient bulbs
Replacing your bulbs with low wattage light sources can help you save a considerably large amount of money each month. If you add up all the savings you get from each month, you can save up to thousands of pounds on your electric bills.
Aside from increasing your savings, you also get to minimize your spending on new bulbs because energy efficient bulbs like LEDs can last 50 times longer than the usual fluorescent bulbs.
Invest in programmable equipment
For example, you should consider investing in a programmable thermostat. It will help you adjust your office or shop temperature even if you’re not physically there. You can, for instance, turn on the AC half an hour before your customers or employees arrive. Then, you can turn it off 30 minutes before every one leaves.
The next time you receive your electric bill for your business, you should be able to analyse it better. This will help you avoid blowing your budget and start allocating your hard-earned revenue to other more important matters such as product development and business expansion.