3 Ways to save money on your business utility bills

The cost of living crisis is hitting everyone hard, taking no prisoners. As gas and electric bills are set to soar by up to 80%, businesses operating across a diverse range of sectors are bracing themselves for a challenging winter ahead.

For many companies, energy costs are among the largest expenses they face, and these rising costs can have a significant impact on their operational budgets. Businesses are now being forced to rethink their energy strategies to keep costs down while maintaining productivity and efficiency.

The good news is that there are numerous ways businesses can save energy, become more efficient, and reduce their energy bills. By taking proactive steps, you can not only alleviate some of the financial pressure but also contribute to a greener, more sustainable future.

Here are some of our top tips:

Know Your Business Energy Use and Waste

First and foremost, the key to saving money on your business utility bills is understanding your energy usage and waste. By identifying areas of inefficiency, you can make informed decisions about where to cut back and save money.

Investing in a smart metre is a fantastic way to keep track of your energy consumption in real time and take control of how your business uses energy. A smart metre will show you exactly how much you are spending throughout the day, helping you identify high-energy-use times and areas where you can make changes.

Another great step is to invest in an energy audit for your business. An energy audit will highlight areas where energy is being wasted and recommend changes that could save you money. Whether it’s upgrading equipment, changing processes, or simply addressing bad habits, these insights can lead to big savings.

Turn Down Your Heating

Heating is a major expense for most businesses, especially during the colder months. Adjusting your thermostat by just a few degrees can make a substantial difference to your energy bills without compromising comfort.

Additionally, you can improve heating efficiency by ensuring your office is well-insulated and that any draughts are sealed. Encourage employees to dress warmly during colder months to reduce the need for excessive heating. Similarly, avoid leaving air conditioning running all day in the summer, as it can account for up to 30% of your energy bill. Smart thermostats that adjust temperatures based on occupancy can also help you cut unnecessary costs.

Invest in Energy-Efficient Office Lighting

In most office environments, it’s not practical to keep the lights off all day, but there are plenty of ways to reduce lighting costs. Switching to energy-efficient lighting solutions, such as modern LEDs, CFLs, or halogen bulbs, can save you up to 40% on your energy bills. These options use significantly less electricity and have a longer lifespan compared to traditional bulbs.

You can also install motion sensors in areas like corridors, meeting rooms, and toilets. These sensors ensure lights are only on when needed, eliminating unnecessary energy use. Encouraging employees to turn off lights when rooms are not in use is another simple but effective measure that can lead to immediate savings.

Encourage Energy-Saving Habits

Beyond the big-ticket changes, small everyday actions can add up to significant savings. Encourage your team to switch off computers, monitors, and other devices when not in use. Using power-saving modes and unplugging chargers can also contribute to reducing energy waste. Building a culture of energy efficiency in your workplace can make a huge difference over time.

Why Choose React Accountancy?

At React Accountancy, we understand the financial pressures businesses face, particularly during challenging times. That’s why we’re committed to providing trusted accountancy services to start-ups, established businesses, and multi-national companies across a wide range of industries.

From the moment you get in touch, our approachable, friendly, and professional team will go above and beyond to ensure you receive the right advice, support, and accountancy solutions for your business. Our experienced team can assist with everything from financial management to navigating complex issues, helping you stay on top of your finances and make informed decisions.

We’re here to support your business every step of the way. Get in touch today for further information about any of our services. Call us on 0191 432 4110 or email us at info@reactaccountancy.co.uk.

Together, let’s navigate these challenging times and help your business thrive.