Business Energy

3 Simple Ways to Save Money on Your Business’ Energy Bills

When it comes to saving money, it’s important for any small business owner to ensure that they’re not wasting money unnecessarily. In a modern-day environment where prices and tariffs are ever-increasing, you may want to cut-down your electricity bills or simply stop buying excess products and opting for cheaper alternatives.

In this blog post, we’ve shared the best money-saving tips to help your business, no matter how large or small it may be:

1. Shop around for the best deals

When you’re looking for a new sofa for your home, it’s likely that you’ll shop around for the best deals. This is obviously a great way to ensure that you’re not paying over the odds for an item but there are a few areas that are often overlooked within a commercial property, including:

• Utilities – Are you with a provider that can offer you the best supply on the cheapest tariff? If not, consider switching providers.
• Rent – If the last time you moved office was a few years ago and your business has decreased in size, you might want to consider looking at smaller (and cheaper) alternatives.
• Office equipment – Shop around before you purchase printers, computers, monitor and desks. You may find cheaper options elsewhere.

Price comparison tools can be used to find the best deals and compare suppliers and/or providers to ensure that you’re getting the best product at the cheapest price.

2. Opt for ‘green’ alternatives

Despite being a larger investment, installing your own solar power system can be a great way to save money in the long-term.

Not only will you have an unlimited source of renewable energy practically on-tap and available whenever you need, but there’s also no damage being done to the environment as a result.

You’ve also got the option of generating extra money through your own electricity system as any excess can be sold back into the grid through the Feed-In Tariff.

Providing you with a great return on investment, it’s a great way for businesses to become greener whilst saving – or earning – money.

3. Go paperless!

Think about the last document you sent to the printer. Was it really necessary to print a physical copy to hand to your co-worker or could you have sent it via email, instead?

Going paperless is a great way for a business to save money. Opting for emails and online document storage as opposed to printing will help reduce the running costs of a printer, as well as eliminate the cost of constant consumables when items such as paper and ink run out.

As you can see, there are several ways that your small business can save money on their business’ electricity costs. Now, it’s up to you to you implement them and see the benefits of doing your research and shopping around!