Any business owner worth their salt is aware of the energy market’s volatility. Last year, it was announced that energy prices were set to increase yet again, and in 2013, it’s reasonable to expect further escalation in costs. But – don’t worry – there are ways and means of coping with rising overhead costs to avoid a heavy financial blow to your business.

Energy Consumption Reduction: A Priority

Your company can reduce carbon emissions and reduce energy costs by auditing the workplace and making it as energy efficient as possible. Discuss how you can save energy during board room meetings and promote environmentally-friendly behaviour across departments.

There are many campaigns you can implement around the office, such as turning off lights and bringing jumpers to work, but you’ll have to make some small modifications to infrastructure if you’d like to see dramatic savings.

Ask a professional energy specialist to take a survey of your workplace and listen to his or her suggestions – look at your office with a green eye. Your energy consultant can draw up an effective strategy plan to reduce energy consumption.

Promote energy saving in the office and challenge bad habits across departments. Ask severally eco-sympathetic employees to champion the cause and watch your energy consumption levels plummet. Offer incentives for targets met or rewards, if staff embrace your campaign – they’re the key to reducing your overhead costs.

Tactical Energy Purchasing 

Monitoring the energy market with tracking software is the best way to secure yourself a great energy contract. Although your current agreement may not expire for a few years, you should be looking for your next deal now.

Energy prices are only going to go up, and you should have the foresight to enter into an agreement now, while costs are comparatively low. Again, an energy consultant can handle this process for you, if you need outside assistance.

Audit Your Energy Bills

It’s amazing what you can find in old energy bills. If you don’t already have an accountant that pulls apart every energy invoice and calculates its accuracy, it’s wise to invest in one. More often than you might think, companies are overcharged for energy consumption. Challenge any numbers that look suspicious, because human error does happen, and business electricity prices are high enough as they are without any added costs.

Becoming Self-Sufficient 

Businesses often have untapped means of becoming more self-sufficient. To offset costs, you may be able to generate some of your own heat and power. Clients and customers will love this socially responsible approach to doing business. As many are aware, going green sells as a business model.

You can start small before you consider heavier investment, such as creating recycling stations and replacing the lights with more eco-friendly bulbs. Some businesses go as far as installing solar panels on to their roof.

As the government has targets for reducing carbon emissions – thanks to the Climate Act – so there will be support for any industry that has decided to follow the green road.