The first step to saving on your business electricity costs is knowing when your electrical usage is at its highest. This is called “peak time”, and it’s the time of day when power demand is the greatest. To find out what your peak hours are, look at your bill or ask your utility provider if you’re not sure. Your business can also expect a higher rate during these times because of the increase in demand for electricity.
Off-peak hours are periods of low energy usage that occur during less busy times of the day or year or in areas with low population density (e.g., winter season). In some regions, off-peak rates can be as much as 40% less than regular rates!
If your business environment uses more than 15,000 kilowatt-hours per month in 12 months, you may be eligible for renewal with special rates from your utility company. To find out if this is the case, contact your utility provider and request a copy of their Commercial Customer List. The list will tell you whether or not your business qualifies for a special rate.
If you do qualify for a special rate: Congratulations! You can immediately start saving money on electricity costs by either using less energy or paying less per unit of energy used (which translates into more money in your pocket).
If you don’t qualify: Don’t worry—there are still plenty of ways to reduce your business’s electricity consumption and save money on electricity costs.
The simplest way to save on electricity costs is to reduce your energy consumption altogether. Your employees can save money by turning off the lights and unplugging electronics when they’re done using them, and you can also install energy-efficient light bulbs at the workplace.
Using timers or a programmable thermostat can ensure that you’re not cranking up the air conditioning when no one’s around or heating an empty building on winter nights.
There are many ways to reduce your electricity consumption and save
money on business costs. Keep these tips in mind so that when it comes time to renew your contract, you can shop around for the best deals
available on renewable energy sources like wind and solar power, as well as traditional sources like coal or natural gas.
When it comes time to choose a new business electricity plan, it can be difficult to know where to start. With so many providers and options available, how can you be sure that you’re making the best decision for your company?
One way to simplify the process is to use a service like Compare Business Electricity. Our impartial website allows you to compare electricity prices for business users in your area so that you can be sure that you’re getting the best possible deal. We also provide access to resources and information on business electricity, which can guide you in making an informed decision about your next plan.
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