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Incorporated in 2002 we have become one of the longest established and well respected UK independent businesses energy suppliers.
How to Monitor Energy Consumption for Small Businesses?
Understanding the average energy consumption of a small business is essential for effective budgeting and forecasting energy costs. By knowing these figures, small businesses can better manage their energy costs.
While energy usage can vary based on the size and type of business, our latest blog delves into the specifics of energy consumption for small businesses, including electricity and gas usage.
What is Considered a Small Business?
In the UK, small to medium-sized enterprises (SMEs) are defined as businesses with fewer than 250 employees and an annual turnover of less than £50 million. Specifically, a small business has fewer than 50 employees and a turnover of under £10 million, while a micro business employs fewer than 10 people and has a turnover of less than £2 million.
On average, small businesses in the UK consume between 15,000 kWh and 30,000 kWh of gas annually, and between 15,000 kWh and 25,000 kWh of electricity annually.
Industry Variations in Energy Consumption
The amount of energy consumed can significantly differ by industry. For example, businesses in manufacturing typically use more energy compared to those in other sectors. High energy-consuming industries also include construction and agriculture.
Data from the Office for National Statistics (ONS) indicates that the service sector—encompassing small businesses like retail stores and restaurants—experienced a 6% decrease in energy consumption from 2019 to 2020. This shift may reflect a growing awareness of zero-carbon energy and the environmental impact of fossil fuels. Many service-based small businesses have adopted measures to lower their energy usage, contributing to reduced annual consumption.
How to Monitor Your Business Energy Consumption
If you’re concerned that your business energy usage exceeds the average for your sector, it may be time to consider installing a smart meter.
Smart meters aren’t just for domestic homes! A smart meter allows you to monitor your energy usage effectively. It provides real-time data, enabling you to manage your consumption more efficiently. Additionally, all readings are automatically sent to your business energy supplier, eliminating the need for manual meter readings. This ensures more accurate billing and helps avoid overestimations.
If you’re interested in learning more about smart meters, don’t hesitate to contact our team!
What to Do If Your Business Energy Consumption is Too High
If you have a smart meter installed and notice that your energy consumption is higher than expected, consider the following tips to reduce usage:
- Inspect Your Equipment: Evaluate your business equipment and upgrade to more cost-effective equipment if necessary.
- Power Down: Turn off electrical equipment when not in use, including lighting and heating, which can significantly impact your energy bills.
- Regulate Temperature: Set a comfortable temperature on your thermostat and maintain it consistently.
- Promote Energy Awareness: Foster an energy-saving culture among your employees.
For other great tips on lowering your small business energy consumption, check out our blogs!
Contact our friendly team for a quick quote to lower your business energy bills.
Require Assistance?
We take pride in our commitment to providing the most competitive rates for business electricity and gas. If you are seeking guidance on how to effectively reduce your business electricity and gas costs, or require assistance with a business energy switch, please call our dedicated Customer Services team at 0800 781 7626. We assure you that calls will be answered promptly within five rings or less!
Or you can enter your queries by clicking the button located at the lower right corner during business hours.
Click here for a Free Quote of business electricity and gas, our dedicated Account Manager will be assigned to provide bespoke business energy prices with excellent customer service.