How can businesses cut energy wastage and save money?

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Have you ever thought about how much your business could save on its gas and electricity? With small businesses across the UK looking to cut costs, it’s vital to think about how much you spend on energy.

One simple way to spend less on energy is to adopt energy saving measures and therefore use less energy. But if it’s true that you can reduce your energy output and save money so easily, why aren’t more businesses doing it?

Research from energy giant EON has proven that 4 million small businesses in the UK are losing out on £7.7 billion per year because they aren’t up to date or aware of new measures which can reduce their energy costs. For example, of the 4 million businesses, 13% admitted to leaving windows open when air conditioning or heating was on. That’s close to 630,000 businesses in the UK who are admitting to energy wastage! EON suggests that only a fifth of the businesses surveyed had energy saving measures in place. This may be as simple as a new meter or boiler installed at your premises. Other businesses are potentially missing out on up to £2000 savings a year. So how can you change your business’s energy waste?

1. Attitude. Make it a priority to be aware of how much you are spending on energy, and try to lower it. 90% of those interviewed thought their fellow employees were ‘irresponsible’ when it came to energy waste. Many small businesses cannot immediately see how much energy they are using and what it’s costing them, therefore they never get around to acting on it. Encouraging employees to turn off lights/air conditioning when no one is in the room is a good start.

2. Equipment. Making small changes in your business like having a new smart meter installed or energy saving equipment like light sensors and energy saving light bulbs could save you a significant amount over the year. Insulating your business premises is another great way to keep warm and cut gas usage.

3. Make it one of your business aims. Like many businesses, XLN has worked very hard to receive carbon neutral status. We try hard to neutralize greenhouse gases and reduce waste through lighting, commuting, heating and things like the paper we use. We encourage e-billing whilst trying to drastically minimise paper wastage.

4. Research. The government and many energy companies offer financial support to businesses that fit energy saving equipment, such as the ‘feed in’ tariff which offer payments for renewable electricity generators such as those that have solar panels fitted.

Of course once you’ve cut your usage, the final piece of the puzzle is to make sure you’re not being overcharged for the energy you really do have to use. The simplest way to do this is via an energy comparison and switching service such as XLN Energy.

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Barney Jones, Head of Brand Marketing at XLN Business Services says, “Saving money by using less energy is a no-brainer during a recession. Every business owner can cut their energy use and many can cut it substantially. And once the energy saving bulbs are in and the insulation is fitted, why not give XLN a call to see how much you could save by switching energy providers too?”