Small Business Saturday Blog

5 ways to save money on your business energy

Tuesday, August 29 at 16:16Small Biz 100 | Small Business Saturday

Reducing the cost of energy bills was big news during the recent General Election campaign with both the Conservatives and Labour setting out plans to cap prices in their manifestos. However, it may well be some time now before those changes filter through to benefit small businesses.

Whether you’re running a workshop, office or retail unit, utility costs can mount up for small business owners who are keen to make energy savings. According to the Department for Business, Energy and Industrial Strategy, SMEs already spend £15bn a year on energy.

The good news is that there are some straightforward ways to reduce your business energy costs. Here are some tips to get you started…

Chill out 

Check that your heating and air conditioning aren’t set to the same temperature and on at the same time. Heating and lighting swallow up energy! The settings on the two systems should be around four degrees apart. Thermostats should be set lower in corridors and store rooms than in offices. It’s also worth paying attention to the layout of your workspace to make sure radiators aren’t being blocked by furniture and to make the most of natural light. Moving the furniture around could make a big difference. Thermal tape can be used to draft proof single-glazed windows and door frames.

Conserve your energy 

Make staff aware that you’re keeping an eye on energy consumption and encourage them with a polite reminder to ‘turn of the lights’ when they leave in the evening. Simple steps like switching off lights in spaces when they’re not is use can save over £100 a year. You could use this saving to change your lights to energy efficient ones such as LED light bulbs rather than halogen or fluorescent light sources and save even more cash whilst helping the environment!

Energy proof your technology 

Energy saving measures can quickly become habit with some thought and discipline. Turning off unused mobile phone chargers and switching off your GPS and Bluetooth can make a difference. Did you know that 46 per cent of electricity used in offices is outside of standard operating hours? Make sure that monitors, copiers and vending machines are also all switched off when not in use.

Shop around 

Loyalty, ease and a lack of time can all be reasons why many of us avoid switching energy suppliers, however there are big savings to be made for small business owners who change their suppliers to access a better tariff. Whilst it might sound like a headache, it’s a quick and easy process if done through a broker and the average company could potentially save up to £1000 a year off their bill if they compare business energy. Comparison websites are a useful online tool for finding the deal that best suits your needs and can save you money.

Upgrade outdated equipment

Replace energy-guzzling equipment with star appliances. For example, heaters and air conditioners that are not working at maximum efficiency can draw unnecessary power and end up costing your business money.

About the author: Steph Salusbury is the Channel Manager for Insurance and Energy at Businesscomparison.com. Steph has vast experience within the energy industry, previously working at Moneysupermarket.com for 9 years on sales, operations & commercial. Businesscomparison.com is a free online comparison site for small and medium sized businesses to compare deals on energy, finance, business bank accounts and insurance.

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