We are all feeling the squeeze right now. With so much uncertainty in the business world, it is crucial that we make every pound count. Not just the pounds; the pennies. Luckily, Reduce My Costs have come up with a handy guide to saving money on your energy bills.
1. Understand Your Energy Bills
Business can be difficult. There are many issues that a business owner needs to keep up with. It is nearly impossible to know where savings can be made.
Reduce My Costs have dedicated Account Managers on hand to help your business. There is no need for you to study complicated Jargon such as “fixed contracts” and “full-flex contracts”.
Our experts are on hand to explain all these terms and more. We advise you on which contract is the best fit for your business through an in-depth analysis of your usage. Realistically, you just want to see a true reflection of what you’re going to be paying over the year, so you can budget for the future.
2. Use Renewable Solutions
Some utilities are a necessity: lighting, heating, electricity. Some businesses even require that these things are running throughout the night. If your business requires the lights to be on permanently, then there is a simple solution for you – Energy efficient light bulbs.
Reduce My Costs are pioneering renewability through our understanding of business. We encourage many of our clients to consider LED lightning in order to save money. During a ten-hour day, a 60-watt bulb can cost a business upwards of £6. A 6-watt bulb being left on for the same amount of time can cost as little as £1. Putting that in percentage terms; an 83% saving would be impactful for your business.
Do you want to save money and the environment?
We do!
We care for our environment, and encourage businesses to use renewable energy solutions where possible. If you’re interested in implementing renewable energy solutions into your business, contact a member of our team using the form at the bottom of this page. We look forward to helping you and the planet!
3. Claim Rate Relief
Did you know that the government provides relief for certain industries who operate under various organizational structures? If you didn’t, please know that you are not alone. Many businesses can’t spare the hours to research government schemes.
At Reduce My Costs, we pride ourselves on knowledge. It is power after all. Our trained team can advise your business as to which rates you may qualify for relief on. By assessing the business structure and industry it falls within, we have been able to save our clients a considerable amount of money.
4. Track and Reduce Energy Usage
You might have already heard the phrase “every business is different”. In electricity needs, this quote could not be any more true. Some businesses need a vast amount of electricity to perform their day-to-day operations. Other businesses need only a small amount of electricity. There is no “one size fits all” approach to electricity.
And yet, some businesses are paying for more than they use! This is mainly due to over estimations and agreeing to capacities which are too high.
Once again, our Account Managers are on hand to assess your energy needs. Request a free energy audit, and a member of our team will reach out to assist you.
5. Contract Validation
Have you just moved address? Have you been in contract for more than 12 months? You might be on “deemed” or “variable” rates. Many businesses get locked into these rates unknowingly from suppliers, which could see their bills rise by 30-60%. That is crazy!
At Reduce My Costs, we understand how unfair these rates are, especially during a time when energy prices are continuously rising. Luckily, we can analyse your current contract, assess the charges, and advise the appropriate steps to take.
We hope you find our tips to reduce your business energy expenditure helpful, and if you’re struggling to implement any of the suggestions we are always happy to help.
If you’re ready to take the next step, then get in touch for a free consultation and start your journey to making savings today.
