8 Must watch TED talks for small business owners
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So you’ve already driven prices down as much as you can; what else you can do to help cut your energy costs as winter weather draws in?
One of the most important points to remember is to ensure you have control of the heating system. One of the easiest ways of saving money is to simply turn off the heating when there’s no-one in the office or on the premises. Simply using a timer won’t turn off the heating at the weekend unless you have a fancy new heating system where you can alter the heating for each day.
You can lower your costs by turning the heating off at the weekend though it may not be popular with the staff because when they arrive on Monday morning it’ll be cold. But to leave it on over the weekend when the premises are empty is costing the business money.
It’s possible to install a setback thermostat. This ensures that the temperature doesn’t drop below a certain level particularly at the weekend or in the evening when it’s cold.
For every degree you turn down your heating temperature you will reduce your energy bill by as much as 8%.
We are always being told to insulate our loft and cavity walls at home but business insulation doesn’t get mentioned very often. Insulating and reducing draughts will undoubtedly help lower energy bills for a business in the same way that it helps to cut energy bills for domestic consumers.
In places where there’s a lot of coming and going it may be a good idea to install automatic doors. Keeping doors shut will cut energy costs. It’s surprising that shops still leave their doors open on cold days blowing out hot air and letting cold air in.
Keeping your inefficient boiler isn’t a good idea especially if you run a small business. Its not unusual for small and medium sized businesses to have very old boilers but many of these are only about 65-70% efficient. New boilers can increase efficiency to 90%. It can improve running costs by up to 30%.
For many small businesses the reason they don’t replace their boiler is because it’s expensive. But, spending £3,000 on a new boiler can actually save money in the long run. The boiler will use less fuel to generate the same amount of heat and in the long run it’ll pay for itself.
There are some schemes that will help businesses to become more energy efficient including the Enhanced Capital Allowance scheme. This scheme makes it possible for businesses to claim 100% first year capital allowance on investments in certain types of energy saving equipment.
While you might believe you already have the best business energy bill, you might be surprised at how much you could save: we can offer you a comprehensive comparison of business energy rates in just 20 minutes. Give us a call on 0330 0100 251 (or request a call back using our form) but remember that prices can go up or down overnight!
Our dedicated page has lots more information about business energy.
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