How to Cut Your Business Electric Bills

How to Cut Your Business Electric Bills

Keeping costs as low as possible is fundamental to many small businesses and start-up brands. The less you are able to spend running your business every month, the higher your bottom line will be. Whilst some costs, such as investing in employees and keeping your office or retail store powered are unavoidable, the good news is that there are several savvy strategies that you can use to spend less.

Electric bills are just one example of where many small businesses could be missing out on saving money. Below are some business energy-saving tips to cut electricity costs without compromising on brand quality.

Switch It Off

No matter what kind of business premises your brand operates from, getting everybody into a habit of switching off as many electrical items as possible when not in use can help you make bigger savings on your electric bills.

Switching off lights when rooms are not in use, for example, can save you several pesos per week which can add up thousands of pesos over the course of the year. You might even think about investing in automatic lighting, so you know you’re only using power when you absolutely have to. If you can get away with using natural light from windows, do it as often as you can.

Invest in Eco-Friendly Equipment

Today, more and more brands are increasing their Eco-consciousness, and environmentally friendly office equipment is becoming more common. Always look out for the greener alternative when you can; even if you invest more upfront, it’s likely to be a worthwhile cost that leads to greater savings in the future.

Equipment that automatically goes into standby mode when not used for a certain period of time can be very useful in a busy office since you’ll only be using energy as and when it is needed. Consider laptops instead of PC computers, as these can be unplugged once fully charged and used without the need to connect to a power source.

Choose airconditioners with inverters. A regulator AC unit always runs at peak and consume more electricity. But the AC with inverter always consume less power based on the room temperature. Thus an inverter has a capacity to adjust based on the requirement of room cooling automatically.

In addition, consider using LED lights versus CFLs. To differentiate, CFL is the curly light bulb and LED is the long light bulb. CFLs use 25-35% of the energy used by incandescent bulbs whereas LEDs, especially those rated by Energy Star, use 75% less energy and last 25 times longer than incandescent lighting.

Get Everyone Involved

When it comes to saving energy costs, it really requires a team effort to make a difference – and everybody can benefit. Your staff members will certainly feel more enthusiastic about getting on board with saving energy if you get everybody together to explain not only the positive environmental impact that they will have but also how much money they can help you save – which can then be invested back into your team in the form of profit sharing.

Shop Around for the Best Deals

You can save money on your business energy costs without making any big changes, simply by investing some time in savvy shopping. With energy costs varying all the time, you’ll often find that the supplier offering the best deal changes on a regular basis.

Frequently review your energy supply and make comparisons to see if you could be getting a better deal elsewhere. In addition, it’s a good idea to conduct an audit with the help of Conservegy to better understand where your company could be saving the most.

Tyrone is a passionate financial literacy advocate. He started this blog on November 2008 when he watched The Secret which talked about Law of Attraction because he wanted to become a millionaire and wanted to know how a millionaire acts. At the age of 26, he achieved his first million. To find out more about him, click here or follow him at Instagram

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