5 Inventive Ways Businesses Can Save On Their Utility Bills

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Bills are an essential part of running a company, just like wages and taxes. However, if you want to cut costs on vital services such as electricity, gas, and water, then you want to learn how our small tips can help you reduce how much you spend on your bills every month. Therefore, follow these tips to reduce utility bills.

Smart Plugs

Simply put, smart plugs are reducing excessive energy consumption. Plugging devices into an intelligent plug allows the plug to switch off the power to the unit while not in use. This reduces waste and saves you money in the process, as well as helping to minimize environmental damage in the process.

Timers and Power Fobs

Another way to increase your business performance is by installing power fobs and timers in low-traffic spaces, such as storerooms, utility rooms, board rooms, bathrooms, and conference rooms. These devices aim to switch off non-essential power such as lighting when the room is not in use in case people leave lights switched on regularly.

Timers are ideally suited for storerooms, bathrooms, and utility rooms because, after a specified period, they can turn off the electricity. But a power fob makes more sense for a conference and board rooms that are low-traffic so that can be used for long periods. That way, team members can fob in and out before and after meetings so that they can turn off their non-essential power while out of service.

LED-lights

Using the most effective lighting in your office will cut your costs drastically. Although it’s fantastic that LED light bulbs have replaced halogen bulbs, fluorescent tubes still dominate workplaces, even though LED tubes are a more powerful choice.

This stems from the fact that while the most popular fluorescent light tubes – forms of T8 tubes – use slightly more energy than an LED tube, fluorescent light is losing its energy in its ballast.

This can be as much as the tube uses itself, thereby doubling overall use. LED tubes do not have this form of waste, which added to them that need to be cleaned less often, translates, in the long run, to save on your bill.

Solar Energy

An expenditure that will pay dividends over the long term for your energy bills is the installation of solar power, such as photovoltaic cells, where possible. Solar cells take off the grid some of your business power supply load, minimizing how much energy you pay to your supplier.

Usually, solar power has an ROI of around five years, in which time it will pay for itself, and you can see the savings. But making this investment decreases the burden on environmentally damaging power stations, so consideration is worthwhile for more reasons than just saving money.

Switch Energy Provider

When your company is as productive as it can be, it may be time to consider signing on to the wrong tariff.

Research by industry regulator Ofgem revealed that micro-companies – companies with fewer than ten employees – could pay too much for their energy between 24 – 27 per cent, which illustrates how important it is that you are on the right tariff for your company.

The truth is that you can make substantial savings on your overheads by moving to a supplier that’s right for your company. Most companies know this but don’t want to deal with the hassle of researching and switching suppliers, especially in an energy market with 73 active, licensed suppliers (as of June 2018).

Fortunately, an energy broker will take away the headache for you and provide expert advice on the tariff is better suited to your needs, making sure you only pay what you need. This is where the Value for Trade comes in. As an award-winning comparison service for business electricity, our expert team will analyze to find the best tariff for your needs, so you can go back to thinking about your job, not your bills.