Knowing what you need from your electricity service and getting the cheapest quote could save you money on your energy bill.
What’s more, understanding a few quick tricks to cut costs on your monthly payments can be an easy way to reduce your outgoings and reinvest your money where it matters most.
Here are 7 simple money saving tips for your business electricity rates and how to achieve your savings goals.
With over 50 business energy and electricity suppliers in the UK alone, it pays to shop around.
There is quite a lot of effort involved in shopping around and switching suppliers, but the benefits and the amount of money you can save will be more than worth it.
Your current electricity usage habits are one of the factors that will determine just how much you could save. If you haven’t switched supplier for quite some time, then the savings you amass could be significant.
Turn everything off and reduce electricity consumption
This may sound obvious, but only turn on the appliances you are using. Whatever isn’t being used, be sure to turn it off at the plug and not just on the appliance itself.
Every time you leave a room, turn off the lights.
When you leave at the end of the day, go around and make sure that everything is switched off completely.
It is important to get employees involved too, making them aware of just how much electricity is being used each day. You can make it fun by creating competitions and incentives in order to make them more aware and more efficient with electricity.
Get a smart meter
It will be worth your while to get a smart meter fitted. This way, you can monitor exactly what your bill is going to be and will make you much more aware of how much electricity is being used, causing your business to make a conscious effort to use less.
Smart meters will allow you and your employees to adjust your everyday habits in a bid to be more energy-efficient and thus cost-effective.
Change your light bulbs
Although this may not sound like a massive change, changing your ordinary light bulbs to energy saving light bulbs can help save you money in the long run.
On average, energy saving light bulbs last up to 12 times longer than ordinary bulbs and using just one can save you around £55 over the lifetime of a bulb. They use less electricity while emitting the same amount of light.
To try and save money even further, use natural lighting from windows as much as possible and only turn on the lights when you really need to.
Long-term electricity efficient solutions
Depending on whether you own the building you run your business from or rent it, it may be worth considering investing in solar panels.
Although you will need to make an initial capital investment, it will save you a lot of money over time. The use of solar panels will significantly reduce your electricity bills, and they have very low maintenance costs.
Using solar panels also helps the environment as it is a truly renewable source of energy, decreasing the need for new power plants which cause and create pollution.
This may sound simple, but make sure you are having regular checks on your boilers and pipework. Ensure that you have it regularly serviced as this could save you as much as 10% on annual heating costs and prevent you from having to pay for any unexpected repair work.
Boilers and hot water tanks should also be insulated to stop any heat escaping.
Getting the right contract
It is crucial that you are getting the right contract for your business and its needs. Switching suppliers may help, but even if you don’t, it may be worth your while negotiating with your current supplier for a better deal on your existing contact. They will be able to look at your previous electricity usage and take this into consideration.
It is important you are only paying for you what you need what you use; your current supplier may be able to offer an energy pricing packing that is more suitable.
We’ll find the cheapest electricity rates for you.
For assistance finding the cheapest electricity rates, contact Smarter Business for a no-obligation quote today.