Changing your business energy supply can help save on energy costs. With renewable energies such as solar, hydro and wind power, businesses can find better sources for their businesses that are reliable and less damaging to the environment.
Let’s discuss the energy shifts within businesses and the effect they can have.
Understanding the Energy Shifts
The energy transition comes from moving to cleaner and more sustainable sources instead of fossil fuels.
Three key factors influence the energy shifts:
- The rise of energy servicing companies and distributed energy sources has challenged traditional utility models.
- The advancements in clean energy technologies like wind and solar power have made renewable energy more cost-effective and viable.
- Climate change has led to the need for cleaner energy to help consumers and businesses reduce their carbon footprint.
Benefits of Embracing Energy Shifts
At first, embracing an energy shift within your Business can be challenging. Here are four reasons why you should.
Creates Sustainability
Changing your business energy supply can help you understand how much energy your business uses. It can help create sustainability within the industry by adopting technologies and equipment that require low energy to keep the business practices running.
You can also tailor your contracts with suppliers to meet your business’s energy-saving needs and supply you with renewable energy to help reduce your business’s carbon footprint.
Financial Resilience
Switching to a cleaner and cheaper energy supply can help the business save on expenses. This means the company will have more money to invest in better Technologies and increase profits.
Existing Assets are Optimised
All equipment, such as electric vehicles, heating, ventilation, air conditioning, and other machinery, can be optimised to help save on energy consumption and cost.
Businesses can invest in optimising their current assets instead of switching out old ones for new ones. However, running maintenance checks on existing equipment is wise to ensure no energy is wasted.
Assists the environment
Cutting down on using traditional energy sources helps the environment as it reduces the effects of climate change and global warming. Renewable energy is much safer for the environment as it does not release harmful greenhouse gasses.
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Considerations and Challenges of Energy Shifts
Although there are some great benefits to embracing an energy shift, some challenges might arise while you are transitioning.
These are some of the cons that come with having renewable energy.
- Renewable energy does have higher costs upfront.
- It also has lower storage capabilities.
- They aren’t always 100% carbon-free.
- There is a geographical limitation on the use of renewable energy.
- This energy source is intermittent.
Tips to Keep Business Energy Efficient
Below are some tips you can invest in to ensure that your business stays energy efficient even while transitioning to a new energy supplier.
- Conduct Energy Audits
Doing regular audits will help you see how much energy your business uses and highlight which area of the company uses the most energy.
- Implement energy management systems
These are effective to help control energy consumption. These systems can monitor and analyze the usage of energy as well as optimise energy consumption by implementing energy-saving measures and setting energy reduction targets.
- Explore renewable energy options and partnerships
Consider using renewable energy options such as installing solar panels or wind turbines to find a renewable energy source that works for business operations.
- Implement energy conservation and energy-efficiency practices
You can implement energy-efficient practices such as upgrading to equipment that requires low energy, installing energy-efficient lighting systems, adopting smart energy management systems, and improving insulation.
- Invest in energy storage solutions
Since renewable energy does not have storage capabilities, investing in said energy storage solutions such as batteries can help store the excess energy from renewable resources.
- Manage and monitor energy marketing trends
Ensure that you stay on top of all energy trends, such as government policies, regulations and energy market trends. This way, you can monitor and manage any trends that are implemented in the business.
- Involve employees and provide education on energy-efficiency
Hosts training programs and workshops to help employees stay informed on energy-efficient practices. This can also become a platform for employees to implement their own energy-efficient ideas and practices to assist in energy saving in the business.
- Speak to industry experts
Industry experts can give better insight into the evolving industry and highlight changes that can assist in saving energy costs for businesses.
Conclusion
Changing your energy supplier for your business is an important aspect that needs to be considered, especially for the long-term sustainability of your company. If you are looking for better prices and utility suppliers, see more to find a list of comparison offers that you can choose from.
