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In today’s economic world, with a global recession affecting most nations, it’s important to cut down on costs wherever possible. This is especially true for large corporations, where the imperative is to try to save money, preserve profit and keep job losses at a minimum. One of the most common ways to cut expenses is to try and reduce the company electric bill where they can.
There are several ways to save on electricity. The most common one is to make sure the office lights are turned off when they’re not needed. The light bulbs can also be changed to low-energy models or compact fluorescent or LED bulbs. Air conditioning and heating shouldn’t be used excessively and should be maintained and serviced regularly.
Programmable thermostats should be used in office buildings and access should only be given to certain people. Getting an energy audit may also help and asking the electric company itself on how to cut down on electricity is a good idea.
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When a computer isn’t being used it should be turned off or placed in standby or hibernation mode. Doors and windows should be checked for cracks and leaks as this can let in both hot and cold air depending on the season. Cell phone chargers and microwave ovens and other electrical consuming devices should be unplugged or placed on bypass as well when they’re not in use.
Depending on where you operate, you may also have the option of changing service providers. If this is possible, check out the rates of all electricity and gas providers in your area. You will of course, want to go with the cheapest rates possible without jeopardizing service quality.
It’s a good idea for businesses to calculate their electricity cost if they want to save on company electric bill. If they know exactly how many kilowatt hours are being used up it will help. They can also check out the internet for articles and tips on how to reduce their costs. Many of these tips can then be integrated into their energy-saving plans.
Ultimately, a professional energy services company or engineering firm will be a valuable resource once you have picked off the low hanging fruit mentioned above. These companies can help you design and implement long term strategies and technologies to significantly reduce your energy consumption and corresponding costs.
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Revenue So, you’re a CEO, CFO or COO of a company struggling to generate demand for your products or services. You decide on a new or tweaked strategy that will get your revenue on the right track, back to growth or new areas for growth. You implement the changes. While efforts are continuing to make the behavioral and tactical improvements to achieve the goals and objectives you have set forth in your strategy, you begin to look further into what else can be done to improve the company financials.
Profitability Whether or not your company is grappling with revenue issues, you and your Board are always interested in ways to improve profitability. You look more closely at where you can cut the fat, if there’s any left to cut. Your largest operating expense is your employees. Like many companies in America in the recent and not so recent past, you consider starting a new round of budget cuts in salaries, benefits and even people. Can you really afford to cut or possibly discourage your troop’s way to more productivity?
Energy Expenses If you house your organization in expansive facilities, another large operating expense is your monthly/yearly/ever-present electric bill. What can you do about that, the power company has a monopoly in your geography as it does in most. The least expensive steps you can take are to ask employees to turn-off lights and reduce the comfort level of the thermostat setting. Have you ever walked into a government, commercial or industrial build that is dimly lit or is too warm and stuffy, or even too cold during the winter. Not a very attractive place to visit, let alone work.
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Technical Solution to a Financial Problem You may want to consider the things you can do to reduce your power consumption that give you an attractive payback and ROI. Treating your motors, lighting, HVAC and refrigeration systems can give you the best bang-for-your-buck, when the proven approaches and technologies are engineered and installed properly. It may also help your decision to move forward with such a project if it is guaranteed every step of the way, including your continued savings after the installation and throughout your payback period. In terms of savings, the project should result in the gift that keeps on giving, for a couple of decades.
Caveat Emptor Words of caution, when considering such a solution, make sure that you award your project to an engineering firm with experience in designing, installing and guaranteeing your project and results. And be certain you are not hiring a performance contractor or a company that has you sign a long-term contact sharing in your savings for a decade or more by replacing your hardware with insufficient new motors, lighting, HVAC or refrigeration. Otherwise, you could be better off dimming the lights yourself!
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Energy Efficiency in the home is very important as you do not want to be paying for heat or cooling that is simply escaping out of your home or business and ultimately heating or cooling the neighborhood. Basically you always want to try your best to use less energy for the same amount of results you are currently accustomed to. One way to achieve this is by using the proper type and amount of insulation. Another example of this type of efficiency is using natural light instead of light bulbs to brighten the room.
Many new buildings are being constructed to be energy efficient and older buildings can be inspected to determine what can be done to make your home or business more efficient. Being energy efficient is the number one solution for stopping and reversing global warming. Of course using renewable energy sources instead of burning fossil fuels is the other solution.
The other important benefit of being truly energy efficient is that efficiency will significantly reduce your energy costs and allow you to retain monies that otherwise would be given to the utility companies. Keep in mind though that making your home or business truly efficient will require an investment on your part. The good news is that the investment usually comes with a strong ROI and the investment will likely be paid back after only a few short years. In addition to insulation and day lighting opportunities, look to higher efficiency equipment and appliances to help improve energy efficiency.
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Most of today’s energy efficient appliances and equipment uses much less energy than the comparable older models. By using less power this reduces the amount of carbon dioxide emission released into the atmosphere during the electricity generation process. These appliances and equipment are given efficiency ratings and the Energy Star label. When the appliances or equipment are not in use they will either turn off or go into a low energy mode. So if your appliances or equipment are at the end of their useful life, consider replacing them with new, high efficiency models.
There are several things you can change in your home or business to make it more energy efficient. Another is to make sure your window seals are tight and not letting air in or out. Many times this may mean getting replacement windows or caulking the edges. You also may need to add double glazed windows or different insulation.
Again, there are many ways you can make your home and business energy efficient so go out a get it done!
Save Money On Your Company’s Energy Bill, visit Energy Edge Technologies site for strategies on saving a tremendous amount of capital on your Corporate Energy Bill or call 888-729-5722 Ext. 100.
Everyone these days is taking a second glance at their utility bills and starting to consider alternative options to lower them. Companies are trying to find ways to cut costs without cutting their staff, benefits, or pay packages. Energy bills have been rapidly increasing and causing even large companies to start thinking of ways to reduce them. If you are trying to save on your company electric bill, here are a few ideas to consider:
A typical building will use most of its energy for heating and cooling purposes. This usually accounts for about 45% of your bill. Since this is the biggest controlling factor, it is a good place to start.
If you can not afford a large scale building management system, try programmable thermostats. Programmable thermostats have been noted to save users up to 30% on their heating and cooling costs. These little devices allow you to program its setting to automatically adjust the temperature at certain times during the day and also when the outside temperature changes. To get the most bang for your buck, look for the Energy Star label on thermostats.
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During the summer, you can make use of fans to keep the air flowing. This will make the room feel cooler and allow you to keep the thermostat at a slightly higher setting. Every degree you can keep the temperature setting higher in the summer and lower in the winter will add up to significant savings.
Lighting is another huge chunk of your energy bills, particularly in large business that use a lot of lights or offer 24 hour service. While CFL or LED bulbs are initially much higher in cost than traditional bulbs, they will last up to ten times longer and use 75% less energy! In the end, you will be more than getting your money back out of these light bulbs.
If you are serious about reducing your energy costs, you will need to reach for higher hanging fruit and you should hire a professional energy auditor or engineering firm. Your utility company may even provide a high level energy audit for no initial cost. An auditor or engineer will do a thorough inspection of your entire business and find ways to shrink your utility bills by eliminating unnecessary energy usage and waste. This could prove to be one of the most valuable steps you ever take to reducing your energy costs.
The energy cost center is the easiest to positively impact on any company’s P&L. So get started today!
Save Money On Your Company’s Energy Bill, visit Energy Edge Technologies site for strategies on saving a tremendous amount of capital on your Corporate Energy Bill or call 888-729-5722 Ext. 100.
In our current world economy, we are all trying to find ways to lower our monthly bills. All of us want to learn how to spend less money on food, ways to lower our transportation costs, and ways to lower our utility bills. We all would like to reduce the amount of money we pay for electricity and other energy sources. There are many things you can do to improve the energy efficiency of your home, and save money in the process.
Turn out your lights when you are not home. When you leave the house, leave on as few lights as possible. For safety reasons, lots of people like to leave on a light or two, but make sure that you do this only when it is absolutely necessary.
Make sure your house is properly insulated. This will help the house to maintain higher temperatures and reduce the amount of heat energy necessary during the winter.
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If your computer or other appliances have an energy-saving mode, make sure that you choose this setting.
Unplug your cell-phone charger when you are not using it. If you leave it plugged in while it is not charging anything, you are wasting electricity.
Install fluorescent light bulbs. They use much less energy than traditional light bulbs. Also, make sure that your house has windows and skylights that allow you to optimize your use of daylight.
Limit the number of electrical devices you are using at once. If you have the television on, turn off the computer. If you are listening to the radio, make sure the television is not on. This is good for peace of mind as well as cutting costs.
These are just a few ways that you can save energy. You also might consider having an energy efficiency expert evaluate your home to figure out other ways you could cut down on your energy use. This will benefit the environment and your budget!
Save Money On Your Company’s Energy Bill, visit Energy Edge Technologies site for strategies on saving a tremendous amount of capital on your Corporate Energy Bill or call 888-729-5722 Ext. 100.