The phrase ‘knowledge is power’ may be a tad overused, but that doesn’t make it any less true – especially for businesses. Becoming an energy expert is an easy way to take back some of the money rising energy costs have taken from your company. With the recession still proving to be a cold economic landscape for business growth, organisations need all the help they can get to boost profits. Become a powerful contender in your market by swatting up on energy management.
The best way to become smarter about energy consumption is to monitor it very closely. Smart Metering provides you with frequent and accurate data about your energy usage. This data can then be collated, analysed and transformed into the useful information you require using automatic monitoring and targeting software. This consumption management software can give you a clear picture of your energy usage, and conveniently, can be accessed wherever you are in the world, as long as you have an internet connection – you don’t need to be in the office to monitor your energy consumption.
Obviously, this approach is ideal for business owners who have more than one company or office building to monitor. It makes energy management easy.
Smart meters, in conjunction with measurement software not only feedback your accurate energy usage, but they can also identify internal waste, suggest areas for improvement, and compare your overhead costs to those of similar businesses in your market.
Double-Checking Energy Bills
Naturally, after finding out your exact energy consumption, it follows that you’ll want to audit your utility bills. More often than not, these invoices are off the mark. Many companies find themselves paying through the nose for overpriced energy bills, due to suppliers providing ‘estimate costs’ or simply making errors on your account.
On-site Energy Survey
An on-site energy survey, conducted by an independent energy consultant, can very quickly show you how small changes to your office building could make a massive difference to your energy consumption. Inefficiencies will be noted and presented to you with several potential solutions. Consider carefully this opportunity to stem wastage, as spending a little could mean larger savings in energy costs. Don’t forget to look at the return on investment of the technologies and compare their cost to the increased energy costs if you do nothing.
A free resource for saving energy is your workforce. Getting the business excited about energy saving can significantly reduce your overhead costs. Encourage workers to bring jumpers to work or switch off all the lights when they leave for the night. Know which members of your team are environmentally-conscious and encourage them to influence other employees.
Monitoring the wholesale energy market is ideal for businesses, seeing as prices can be so volatile. Even over one year before your current energy contract terminates, you should be scoping out your next agreement.
You don’t need to wait until the energy market has a dip in price before approaching an energy company; they can monitor the market prices for to get you the best price at the right time. Whatever you do, don’t leave it until the end of your current contract.
Produced by ENER-G Procurement, who offer businesses a variety of energy management services which can be tailored to suit a business’s specific requirements