Running a business comes with many different costs, no matter what business you are in, energy and water may be significant. That being said, with the cost of energy on the rise, businesses need to understand how to manage these expenses to stay competitive and ensure they are not spending too much money on their energy bills. In this blog post, we will discuss 5 ways to manage your business energy costs effectively.
1. Monitor and Track Energy Usage
If you want to control your business's energy costs, you should start by making an energy conservation plan. When organizations track how much energy they use, they can better identify areas where energy is wasted or where they use energy inefficiently and devise strategies to reduce their overall energy consumption. In addition to the Utility bill, a smart submetering system can provide detailed information to allow you to identify, times when the energy is wasted and the area within your business where it is misused. Businesses can save money and help the environment by identifying those areas. Establishing goals for energy reduction, and reviewing their energy bills regularly is a starting point.
2. Utilize Smart Thermostats
Installing a smart thermostat is another great way to reduce your business’s energy costs. Smart thermostats automatically adjust the temperature throughout the day based on occupancy and weather conditions outside. This means you don’t have to manually adjust the temperature all day. This can help reduce your overall energy consumption without sacrificing comfort levels in the workplace.
3. Shop Around for Utility Suppliers
Another tip for managing your business's energy costs is shopping around for utility suppliers when possible. By shopping around for utility suppliers, you may be able to find one that offers better rates than what you are currently paying. Doing some research ahead of time can save you money in the long run as well as give you peace of mind knowing that you are getting the best deal possible on your utility bills.
Just be mindful, that your energy bill includes other charges and fees that are in addition to the Energy cost, so for example in some jurisdictions, your Local Distribution Utility, may allow you to purchase the energy from a renewable source, which in fact may be less expensive than the cost that the utility would charge you, however, the distribution charge, or the cost to transmit that KWH of energy from the generator to your home, will not change.
4. Install Motion Sensors in HIGH-TRAFFIC Areas
According to experts at Harris Movers, one of the best ways to reduce the energy bill at your HQ is by installing motion sensors in high traffic. This includes areas such as hallways and bathrooms. In fact, more and more businesses are implementing these solutions in their workplaces. Motion sensor lights are great because they only turn on when someone enters the room and turn off once they leave. Not only that but these days, they are pretty affordable. That is what makes motion sensors an easy and cost-effective way to keep track of electricity usage while saving money at the same time!
5. Harness Natural Light Whenever Possible
Using natural light whenever possible is another great way to save money on your business’s electricity bill. Keeping windows open during daylight hours allows natural light into the building. This means that you won't have to use as much artificial light, therefore, lowering the energy consumption demand of your business. Taking advantage of natural light can really add up over time and lead to significant savings on your monthly electric bill. Not only that, but it will make your workplace much more pleasant, which has its own set of advantages.
If you carefully consider these 5 ways to manage your business energy costs, you will find that reducing your business’s energy costs doesn’t have to be complicated or expensive. There are plenty of simple changes that you can make quickly and easily with minimal effort or expense that can yield maximum results over time. From minimizing energy usage whenever possible to harness natural light wherever possible, these tips should help any business lower their monthly electric bill while keeping their operations running smoothly.