Managing costs

Energy tips to switch on savings

It’s no secret running a business efficiently will save you money and improve cashflow.

Between looking after your customers, staff and the products or services you offer, there’s a lot you’re already juggling. However, there is one important element that’s quite often overlooked when reviewing running costs and that’s your energy consumption. 

Let’s explore simple yet effective ways to cut energy costs and improve workplace sustainability.

Service your equipment

If appliances aren’t serviced regularly, chances are they’re not working efficiently. Keep a record of when equipment is due for servicing and note the outcome. Replace any parts promptly – the longer you take to action the more energy you’ll be using.

New appliances

When you invest in a new appliance, always check the energy rating. At a quick glance, you can see how efficient the model is relative to other models of the same size. The more stars on the label, the more efficient the appliance and that boils down to a reduced energy bill.

Upgrade lighting

There are quick fixes you can adopt to save on lighting costs. Change your light bulbs to LED, use motion sensor lights if possible and turn off all lights at the end of trading.

Read your energy bill

When it comes to energy bills, if you’re time-poor you might only look – at the amount owing and when it’s due. But if you take a little extra time to read your bills, you can make smart choices about your usage and that can help reduce the ‘damage’. 

Energy comparison

When you’re looking for a new car, mobile phone or home loan, it makes sense to shop for the best deal.

It makes perfect sense to compare energy deals too. Business Australia Energy (BAE) makes it super easy for you to compare, switch and save.

If there isn’t a better deal, that’s thumbs up to you as you’re already on the right plan. The service is free and super straightforward, even the paperwork is taken care of for you.  

Seek trustworthy advice

To crank up more savings, look at the Australian government’s Business Energy Advice Program (BEAP). It’s a consultative service to help you apply sustainable practices in your energy usage and save on energy bills. Through the program, you’ll receive a detailed report tailored to your business. You’ll learn how to understand your energy bills, apply new habits to save energy and gain access to resources including case studies, fact sheets and information on government grants. 

Get switched on

These are ways you can improve your energy consumption, reduce your running costs and be a more sustainable operation. Make the changes and switch on the savings.

Jenny Dikranian

Content Writer, Business Australia

Jenny Dikranian is a content writer passionate about entrepreneurship and innovation in inspiring business success.

Need help with your business costs?

Try our free energy comparison tool. We're identifying $808 on average in potential estimated savings* per annum for businesses. Simply join Business Australia as a free member.

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*Based on 958 meters switched between 1 July 2019 to 3 April 2020

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