As a business owner or manager, you understand the many expenses related to the day-to-day operation of your business. Business electricity costs can be a considerable amount of these expenses and can potentially cut so deeply into your profit margins as tocause financial stress in your workplace. There are severalsteps which can be taken to effectively trim your monthly business electricity costs.
First, you need to have a thorough understanding of the business electricity prices in your area and what otherbusinesses which are similar to yours are doing to mitigate such costs. Reinventing the wheel should never be the goal when considering energy savings, so feel free to utilize any tips or tricks other business owners have usedto reduce their business electricity costs. It may come as a surprise to you that your primary competitors are able to engage you in the market so effectively simply because they have less overhead energy costs than you.
Second, be prepared to take whatever steps are necessary to correct any overuse of electricity that may be takingplace in your business. Although you cannot always affectthe business electricity prices in your area, you can change your immediate business electricity costs by making your business more energy efficient.
Train employees to use less lighting in their workspaces by using a small desk lamp with a compact fluorescent light (CFL) which uses 13 W or less energy per hour of use. When compared to large overhead lighting, a savings of more than 75% can be seen in some circumstances. If youare able to make use of more natural lighting, doing so will save additional money over the year.
Finally, be prepared to spend a little extra money up-frontin order to save more business energy later. Light emitting diodes (LEDs) are becoming a more popular solution to saving energy on lighting, but the cost of the devices is approximately five times greater than the cost of purchasing CFLs.
Even so, the energy savings are great enough to see areturn on your investment with two to three years of use. Combine this with the fact that LEDs last more than 20,000 hours and you have a wise business energy investment.
They are several things you can do that are easy in your business to reduce energy costs if you know how.
If you would like to find out more about reducing business energy, consider using an energy broker.