If you’re worried about the impact of energy costs on your bottom line, there are practical things you can do to lower your energy use and help get your energy bill under control.
In this article, we share six easy actions to save energy and money as a small business owner.
1. Make sure you’re on the right energy plan
Contact your energy provider (your 'retailer') and make sure you’re on the right plan for your business. You can do this by asking things like:
- How am I being charged for the energy I use?
- Am I on the best rates and plan for my business needs?
- Do you have any additional offers for small businesses?
It’s also helpful to understand how to read your energy bill. To learn more about what costs make up your bill, read our article, ‘What makes up the cost of a bill?’
We’ve also put together an article, Am I on the best energy plan for my business?, with all the information you need to choose the best plan for your circumstances.
Visit your relevant government comparison website and see if you can get a better deal.
If you're in Queensland, NSW, South Australia, Tasmania, or the ACT:
If you're in Victoria:
2. Get an energy audit
According to our research, only 5% of small businesses have done an energy audit. An energy auditor can come to your business and recommend how to lower your costs and energy use. The best thing about an energy audit is that it is tailored to your unique circumstances, so they’ll create a plan that works for you.
Here’s how it works:
- The energy auditor will look at your previous bills, assess your equipment and premises, and consider your business needs.
- They’ll provide a breakdown of the high-energy use parts of your business and how each contributes to your energy bill.
- They’ll provide recommendations about how to reduce your energy bills.
Hot tip: check out government websites in your state, such as www.sustainability.vic.gov.au, for more information.
3. Set the temperature
Adjusting your heating and cooling can have a significant impact on your bill. Every degree up or down can impact your energy use by 5-10%. If it won’t negatively impact your business, you might consider:
- In winter, set the temperature to 18-20 degrees Celsius, and
- In summer, set the temperature to 24-26 degrees Celsius.
4. Lighting
Consider switching to more energy efficient light bulbs such as LEDs. Lighting can account for 10-25% of your bill, and for some businesses, this could be up to 50%, so this is a quick win.
You could also consider installing smart technology, like motion detectors and timers, instead of relying on staff to switch off lights.
Hot tip: check your state government website for any energy efficiency upgrade programs.
5. New or replacement appliances
When replacing appliances like fridges, aim for the highest energy rating that also suits your budget and sizing requirements.
Check your state government website for any rebates you may be eligible for when considering an upgrade. For example, in NSW, visit the Energy Savings Scheme.
Hot tip: If you’re looking for ways to become more energy efficient in your small business, check out our article, ‘How can my small business benefit from being more energy efficient?’
6. Consider solar and a battery
Installing solar or a battery can be a smart move for your wallet and the planet. However, it won’t be suitable for every business. Take the time to assess whether or not it’s right for you.
You can use Sunspot’s Australian Solar and Battery Calculator to see the potential savings, and research the process so you know what to expect.
Still unsure about your energy bill?
Don’t forget, if you’re concerned about your energy bill, call your retailer and ask how they can help you.
