Protect Your Business from Rising Energy Costs

Posted by Inspired Energy

Wed 13th, Nov

Businesses face a variety of costs to enable them to deliver their products and services and with energy prices on the rise, utility bills can have a big impact on a business’s finances.

Optimise Your Utility Spend

As one of the UK’s leading energy consultancies, Inspired Energy plc currently help over 15,000 clients manage their utilities, using our extensive knowledge of the sector to optimise the value of every pound spent. Here are some ideas on how to future-proof your business against mounting costs.

BUY IT WELL

Energy prices fluctuate daily and can be affected by a whole host of factors, including demand, weather conditions and even political factors. This can make it hard to stay within budget, meaning that energy procurement becomes a stressful and time-consuming process. This can be a significant burden for SMEs, who might not have the resources or time available to dedicate to procurement.

Choosing a consultant led approach can relieve this burden. Inspired work with all major UK suppliers to give you access to a choice of supply contracts suitable for your requirements. We are independent of all suppliers, meaning we work in your best interests to secure the right contract for your business.

USE IT BETTER

Making sure your organisation is operating efficiently is key to lowering costs. Something as simple as switching to energy efficient lighting can have a huge impact on your bottom line, with LED lights using up to 90% less energy than traditional lighting.

Other measures include a comprehensive site audit. This will highlight exactly where your business is wasting money by identifying reasons for high energy consumption, which can be investigated and rectified – leading to immediate savings.

For large business, or those with multiple sites, profile alerts can automatically detect unusual patterns of energy consumption. For example, should electricity consumption be particularly high in the evening when your business is closed, profile alerts would automatically identify this and notify an appropriate person, so that overspend can be avoided.

MAKE YOUR OWN

On-site generation is becoming a popular option for businesses looking to protect themselves from rising utility costs, while supporting a low-carbon future. Making your own energy has many advantages but is very much dependent on your business premises. We can help by carrying out a site suitability assessment and advising on which technology is the best fit for your business.

DO IT RIGHT

Another way of achieving significant cost-savings is to use a bill validation service. Up to 20% of utility bills are thought to be incorrect, with non-commodity costs being the area where most inaccuracies occur. As well as making sure that your bills are correct going forward, historical invoices can be investigated, meaning you could be in line for a hefty refund. If any billing errors are discovered, our recovery team will manage any refunds or rebates, ensuring they are recovered quickly.

For advice on managing your energy costs, get in touch with Inspired Energy plc. Call 01772 689 250, email partnerships@inspiredenergy.co.uk or visit www.inspired-referral.co.uk

Leave a comment

Why now is the right time to take IoT seriously

Mon 27th, Jul

Guest blog by Alan Nunn – Communications Subject Matter Expert at CGI

How IoT can create a sustainable future for water

Mon 27th, Jul

Guest blog by Graham Hainsworth – Director Consulting in CGI’s Water Sector Business

Happy 9th Birthday 6th Door Ltd

Tue 19th, May

As I’m leaning on the stand-up desk in my makeshift home office, that over the weeks has been turned into a video and podcast recording studio

How to take back control of your water costs

Fri 13th, Mar

While most businesses already have a comprehensive strategy in place for their electricity and gas consumption, water management is often overlooked.

How to choose an energy consultancy

Fri 13th, Mar

Most business owners recognise the advantages of shopping around for the best energy deal, but without the time, resource and expertise to find the best tariff, it can be an almost impossible task.

Business energy: Don’t get caught out by rollover rates

Fri 13th, Mar

As a busy business owner, you may feel there are not enough hours in the day to secure your next energy contract. You know you’ll get around to it, but when you’ll get around to it is another matter.

Business water matters – Top 3 water saving tips

Fri 13th, Mar

Water is often referred to as ‘the forgotten utility’. While many large businesses are clearly focussed on their comprehensive energy strategies, it seems many are yet to implement a strategy around managing their water usage.

Know where your cloud data is stored or risk a GDPR fine

Thu 27th, Feb

For businesses who have chosen cloud-based data hosting services there’s a temptation to relax and think “great, we’re paying someone else to take care of our data, we don’t need to worry about it any more.”

Transparency plans could slow down region’s business growth

Thu 27th, Feb

Efforts by regional start-up initiatives that have led to Merseyside outperforming the rest of the UK when it comes to business growth could be hampered by new government proposals, a leading legal expert has claimed.

Backup or risk losing your business

Thu 13th, Feb

Maintaining a robust backup is hard work, it’s important to not only build the correct solution for your business and trust your IT support provider to look after it, but to also maintain a sense of urgency as a business owner to...