There’s a lot more than just cutting costs when it comes to business energy savings. A number of savvy financial strategies can be employed, along with great deals from leading energy retailers in Australia’s highly competitive energy market.
The Importance of Business Energy Cost Savings
Energy bills are a large expense for many businesses. By minimising energy usage or switching to a better electricity or gas deal, money can be reinvested into growing your business. Whether yours is a small business or larger operation, reducing energy bills is certain to increase profitability.
Australian energy policies include strict regulations on energy use and emissions. By adopting energy-saving measures now, your business will be future-proofed, compliant, and one step ahead of the competition. Start with these seven simple strategies.
1. Upgrade to energy-efficient lighting
Switching to LED lighting can significantly reduce energy consumption. LEDs also last much longer than traditional lights, further reducing costs.
2. Use smart thermostats
Heating and cooling can account for a large portion of business energy bills. Smart thermostat air conditioning automatically optimises temperature within a comfortable range, ensuring less energy wastage.
3. Use energy-efficient appliances
Smart energy systems include a wide range of electrical appliances for refrigeration, hot water, compressed air, and more. Low costs are guaranteed with high energy rating appliances.
4. Turn off at the switch
Equipment left on standby accounts for up to 10% of electricity bills. Switching off unused equipment is a no-brainer for cost-conscious businesses.
5. Adapt with renewable energy solutions
Australia’s abundant sunshine makes solar panels an excellent choice for small business sustainability. The upfront costs of solar systems are counteracted by long-term savings. Government incentives and rebates can make solar energy a worthwhile investment.
6. Undertake regular equipment maintenance
Regular maintenance of HVAC systems, machinery, and electrical equipment prevents energy wastage. Worn out and dirty components increase energy consumption.
7. Conduct and energy audit
Your business energy audit should include lighting, heating and cooling systems, building insulation, office equipment, machinery, compressors, manufacturing processes, electric vehicles, and personal devices.
Common energy-saving mistakes
Following the above energy saving tips will have your electricity and gas bills heading in the right direction. Here’s a quick recap of the most common mistakes to avoid.
- Ignoring Small Savings: Turning off unused equipment might seem minor, but the savings add up.
- Postponing Upgrades: Delaying energy-efficient investments is a short-term strategy that can cost more in the long run.
- Overlooking Maintenance: Neglected systems use more energy, break down faster, and limit business productivity.
- Failing to Educate Staff: Employees who are unaware of energy-saving practices will likely unintentionally waste energy.
The energy-efficient workplace
It’s a good idea to involve your staff/team in your quest for business energy savings for long-term success. Get everyone involved with training sessions on energy-efficient practices and set clear goals for reaching energy-saving targets. Track energy consumption progress, keep everyone in the loop, and recognise employees who contribute to the savings initiatives.
Switching energy providers for a better deal
The easiest and fastest energy saving solution is often overlooked. Did you know you can switch retailers for a better deal in minutes using the GoSwitch energy price comparison service? A GoSwitch search will locate the best deals from highly competitive energy retailers in NSW, Vic, Qld and other Australian states and territories. Take the guesswork out of business energy retailer savings in a few simple steps from the comfort of your home or office.
- Get started – Create an energy usage profile using your postcode.
- Compare energy deals – Use the GoSwitch energy retailer price comparison search tool.
- Set up and save – Discuss business energy deals with a GoSwitch energy expert. Best of all, the GoSwitch service is 100% free and the savings are all yours!
If you are ready to take control of your bills, fight back against rising energy costs, and increase business profits, make the switch with GoSwitch today!
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