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Golden Rules Of Saving Money On Your Business Energy

The Spring budget brought with it plenty of controversy with a threatened tax rates hike for the self-employed which was later withdrawn. Add to that the revaluation of business rates and changes brought about by Brexit and financial uncertainty is not far from the minds of Britain’s entrepreneurs. However, there are ways and means of reducing your costs as a business owner and making a saving on energy is one of them!

Here are our golden rules for saving money on your business energy.

 

Save the ‘lightbulb moment’ for good ideas               

It may take you back to your teenage years when your parents followed you round the house switching off lights as you left the room but turning off lights in spaces when they’re not in use can actually save small businesses over £100 a year. Of course, you won’t want to discourage your most conscientious workers from putting in the overtime but a polite reminder to ‘turn off the lights’ when they leave in the evening could save you cash. On the topic of lights why not change to energy efficient ones such as LED light bulbs rather than halogen or fluorescent light sources?

 

Keep your cool

Heating and lighting are prime culprits when it comes to swallowing up energy. Ensure that your heating and air conditioning aren’t set to the same temperature and on at the same time. The settings on the two systems should be around four degrees apart. Thermal tape can be used to draft proof single-glazed windows and door frames and thermostats should be set lower in corridors and store rooms than in offices. It sounds obvious but you should check the layout of your workspace to make sure radiators aren’t being blocked by furniture. Moving a few desks or a filing cabinet could really help and, let’s face it, your colleagues may actually be able to type faster once they can feel their fingers again!

 

Clean up your act

Keeping the staff kitchen clean can do more than just prevent germs spreading and banish foul smells – it could actually save you money too. Clean appliances are more energy efficient especially when the build-up of dust is removed from behind fridges. Pulling the fridge out and cleaning off any dust could save you up to a fifth of the energy used by the fridge. It’s also worth bleeding radiators and dusting off light bulbs. When planning to reduce your energy spend on kitchen appliances why not schedule a regular tea round? Not only will it stop people switching on the kettle every 5 minutes it’ll also encourage positive staff communication.

 

Energy proof your technology

Switching off any unused mobile phone chargers and turning off your GPS and Bluetooth when they’re not needed can help you make small savings. While it may sound pedantic it will save you money and become a habit very quickly. Reducing the time-saving delay on your computers can also stop the costs from ramping up. 46% of electricity used in offices, for example, is outside of standard operating hours so make sure that monitors, copiers, printers and vending machines are off.

 

Compare energy suppliers – you could save money!     

There are big financial savings to be made for small businesses owners who switch their gas and electricity suppliers to access a better tariff. Whilst it might sound like a headache it’s a fairly 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 you want to find out how much you could save for your business, why not compare deals with Businesscomparison.com? We do the hard work by comparing the deals on offer so you can find the best energy tariff for you.

Businesscomparison.com is a website that allows business owners to search for the best deals on bank accounts, business energy, insurance and finance helping them to compare, save and succeed.

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