It is not easy to find cheap business electricity in the UK and prices continue to increase here on a regular basis.
A large number of our non-renewable energy sources are going to become obsolete over next few years but industry demand for energy is going to increase as much as twice in the same period of time as the recession/depression comes to an end.
This is an expensive paradox and one which requires a great deal of investment, investment comes from customers through their electricity bills. There are a few things you can do to minimise electricity costs on your balance sheet.
In recent times, the government has been targeted with slashing total electricity usage through non-renewable resources in households and industries to just 15%. Experts say this will also result in higher electricity rates as producing electricity from renewable resources costs are far more expensive.
Reducing Business Electricity Charges
It is down to business owners to find ways to reduce their own bills. According to a recent survey, small businesses in the UK could easily save up to £7.7 billion by becoming more energy efficient and taking a few easy steps.
Adjustments can be made just by the way the lighting system in offices is utilised. Consumers using cubicles instead of rooms save money by sharing light in a large room. Heating costs are also reduced because there is less wasted space.
Common sense housekeeping tasks like switching off lights when a room is not in use and closing doors and windows when air conditioning is running can save huge amounts of electricity.
Changes in Energy Use
Not running air conditioning is something every business should be considering. Employees and equipment can often be kept cool enough by natural ventilation and ceiling fans on most days.
Businesses should also consider replacing fluorescent tubes with LED lighting which has plummeted in cost over the past few months as the technology matures and becomes mainstream.
Businesses should compare energy suppliers to find cheaper deals which still meet the business’ requirements. Check websites for quotes and ensure the business is on the best tariff, being especially careful to avoid automatic contract renewals.
There are a number of energy suppliers who charge different rates according to the size of your businesses or premises, are there savings to be exploited here? It is important customers ensure they are on the best rate from their current supplier before comparing the competition’s rates.
Every EU government is coming under pressure to reduce fossil fuel energy use. Businesses will have to pay penalties for releasing greenhouse gases, so switching to green business practices will make economic as well as environmental sense.
Some of the big energy providers are opting to purchase more and more renewable energy resources. Recently, there has been a rush in the purchase of a number of power plants, biomass companies and wind farms from different energy providers in the United Kingdom:
- E-on has purchased more wind turbines in recent times
- SSE is planning to build a £7 million renewable energy centre within the next six months in South Wales
- British Gas has also bought a biomass company named Econergy
All this expansion is being carried out by energy companies in order to provide customers with economical heating solutions as well as to reduce business electricity in the long-term. In the meantime though, customers must pay over the odds in order to fund the green revolution.
Generate Your Own Electricity
If a business can afford to invest in photovoltaic solar panels then this is a superb investment. Feed in tariffs pay you for every unit of electricity that you generate, even if you use it yourself! Excess electricity your PV panels generate is sold back to the supply companies. Cheap business electricity will never get cheaper than that.