Small Business Tips

Cheaper Business Energy: 5 Tips to Reduce Your Energy Bills

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An essential part of business is working out the most cost-effective way to run the different aspects. An area that isn’t always essential to how your business runs, but can still eat up a lot of your budget, is energy costs. Listed below are our 5 top tips for reducing your company’s energy costs.

Use Comparison Sites

This is possibly the top tip when it comes to reducing energy costs without a lot of effort. Comparison sites are an excellent and straightforward tool to help you find the cheapest energy provider. You can compare the rates for companies in your area and set parameters depending on your requirements. 

As an example, EnergyBot prices are tracked in real-time to give you the relevant information for comparison. You’ll also be shown the trend in the price change so you can look at the possibility of a provider reducing its energy price. Comparing prices takes hardly any time at all and can start saving you money immediately once you make the switch.

A chart showing US energy rates for businesses

Using a comparison rate is a quick way to see what other suppliers are charging for electricity for your business. 

If you’re trying to get even cheaper business energy, working with a company that negotiates rates on your behalf like BillFixers can get you the best rates.

Educate Your Employees

Another tip that’s easy to implement is to encourage your employees to be more energy-efficient in the workplace. Make a habit of turning machines off when not in use instead of leaving them on standby. Ensure that lights are turned off when conference rooms or offices are not in use.

Make sure that everyone in the team is helping out to reduce energy consumption. These things may not seem like much, but if all of your employees are more aware, then you’ll start to see a difference. Not only will this help to reduce your energy bills, but it will also have a positive impact on your business’ carbon footprint.

Invest in Long-Term Solutions

You can help your business to go green by investing in renewable energy sources such as solar panels or wind turbines. Both of these options are a costly investment but are much more cost-effective over the long-term. They’re the only way to guarantee yourself cheaper business energy.

Reducing your energy costs aren’t the only benefits of this solution. You’ll also have an increased reputation for your company by investing in renewable sources. You may be able to receive government funds towards your business. If you become self-sufficient, then you can sell excess energy for an extra business income.

Workers installing solar panels on the roof of a business to reduce costs

Investing in renewables like solar pay for themselves long term and improve your the environmental impact.

They’re an easy way to get cheaper business energy and do something good at the same time.

Change Your Lightbulbs

This may seem like a trivial thing, but switching to LED lightbulbs is a critical factor in reducing energy costs. In recent years, LED lighting has improved in quality while becoming cheaper all the time. These bulbs last far longer than the older halogen lights so will need to be replaced much less frequently.

The energy consumption of LED bulbs is next to nothing. This can have a considerable impact on your electricity costs, especially in a business where you’re lighting up a whole office building for long periods of time. If someone leaves a light on overnight, the mistake won’t cost you a lot.

Install Smart Meters

This may seem like a trivial thing, but switching to LED lightbulbs is a critical factor in reducing energy costs. In recent years, LED lighting has improved in quality while becoming cheaper all the time. These bulbs last far longer than the older halogen lights so will need to be replaced much less frequently.

The energy consumption of LED bulbs is next to nothing. This can have a considerable impact on your electricity costs, especially in a business where you’re lighting up a whole office building for long periods of time. If someone leaves a light on overnight, the mistake won’t cost you a lot.