30 Aug
How To Create And Implement An Energy Budget For Your Business
Posted on Aug 30, 2023
by D-ENERGi
Creating a budget and knowing how you will implement it into your everyday business practices is an important and effective way to keep your business energy costs low. Having a clear idea of how much you want to and can afford to spend on electricity and gas over a specific period of time (daily, weekly, monthly) will help you to ensure you are not overspending and provide you the perfect opportunity to implement energy saving solutions into your business.
Review previous energy bills and business finances
To start the process of creating your business “energy budget” you should be careful reviewing your company finances from years prior. Taking a close look at your average spending and your annual revenue will help you to seriously consider how much you should be spending on energy and identify periods where you may have been overspending.
Identify your energy usage trends
Once you have a good understanding of your past energy spending, you need to identify your energy usage trends. This means looking at your energy bills over time to see how your usage has changed. Are you using more energy during certain times of the year? Are there certain days of the week when you use more energy? Once you understand your trends, you can start to develop strategies to reduce your energy consumption.
Set realistic energy goals
Once you know your energy usage trends, you can start to set realistic energy goals. These goals should be specific, measurable, achievable, relevant, and time-bound, also known as SMART targets. For example, you might set a goal of reducing your energy consumption by 10% in the next year. At this point you can decide on a realistic figure for how much your company can spend on energy over the course of a time frame. Although it is not possible to predict the energy markets, this figure can be the maximum amount you plan to spend per year.
Look at ways to reduce your energy consumption
In order to keep within your budget, you should consider ways to reduce your energy consumption. There are a number of great and easy solutions for this that will help you. More tips and tricks for businesses can be found on our blog.
Plus, taking the time to review your budget regularly and pay close attention to your consumption will allow you greater control over your spending. A business smart meter is one of the best methods for monitoring energy usage. Find out more about the smart meter roll out here.
Looking for a business gas quote? Fed up of long waiting times. Why not give us a try, you may not of heard of us before but our customers love us. Rated within the top 5 gas suppliers on Trustpilot. View our customer reviews page. We have been supplying business gas for 15 years based in the heart of Manchester. We are a small family energy business and not part of the Big Six – we can not only match their business gas quote rates, but on most occasions beat them.
Our friendly UK based call centre will guarantee your call to be answered in a maximum of five rings and no long waiting times.
We offer a friendly and personalised service, account managers are dedicated solemnly to you so any query or issue you may have is dealt with by an expert. This way we have built a loyal growing portfolio of hotels, care homes, schools who all use us as their preferred business gas supplier.
Managing your finances in your business is important and is something that cannot be dealt with light heartedly. This is what drives us to give you the best fixed prices we can offer. With a fixed price business gas quote from D-ENERGi, you know specifically how much you will pay on your gas bill every single month.
You may now be thinking why should I get a business gas quote from D-ENERGi? We have had plenty of practise forging the best energy deals and in negotiating exclusive deals higher up the supply chain so we can pass the savings on to you.
Click here to get a free no obligation business gas quote from D-ENERGi or call 0800 781 7626.
Read Article
The majority of businesses require considerable more electricity than the average home. This can work in your favour as it can enhance your negotiation price with your commercial energy supplier – in most cases.
Finding the perfect deal for your commercial electricity rates can be quite tedious and time consuming.
As a result you will find that most businesses use a specialised energy broker experienced in energy negotiation, which is understandable. However most energy brokers will typically add in a margin on the unit rates and standing charge so they can generate a commission on the energy a businesses may consume. Therefore the most reliable way to getting the best deal is by directly calling commercial energy suppliers yourself and shopping around. You may be surprised about the fact that by speaking to a commercial energy supplier direct, like ourselves, you may able to get better commercial electricity rates.
D-ENERGi is a direct commercial energy supplier, fill in our quote form and receive a free, honest quote from us. No hassle, no obligation. To do this, click here. Or if you would prefer to talk to us direct, call on 0800 781 7626. We are a leading commercial independent energy supplier based in the heart of Manchester. A small energy supplier working under the radar of the big six for over 15 years. We know how it feels when you are being passed from pillar to post and having to endure long waiting times when trying to resolve a customer query, which is why we have a 3 ring guarantee to all our customers.
All energy suppliers will try and persuade you to allow them to supply your business electricity, but we want to ensure you that with a D-ENERGi quote you will feel no pressure – it is completely your decision, only you know what is best for your business and its energy needs.
In the 1990’s a deregulation occurred which changed the game. Both domestic and business energy customers all over the UK can become a customer to the energy supplier of your choice. Once you switch suppliers, the only change you will notice is a different company logo on your bill and considerably lower charges.
The ‘Big 6’ energy suppliers admittedly supply the majority of businesses in the UK but if you shop around, you should notice smaller, less popular suppliers could help you and your business save amounts you wouldn’t believe – it’s worth switching your investigation mode on!
Comparing the prices for electricity can and will help you find what it is exactly that you need for finding the cheapest rates. Proceed with the following steps to learn how to compare electricity rates to the best of your ability:
Find a recent if not the most recent electricity bill from your current supplier.
Look around for a trusted electricity price comparison site, ensure the site you find offers you a whole market view, some of them will only show you plans you can switch to via their company
Fill in the data captures with your electricity usage details as requested – this is so you can receive the most accurate results which are specific to your region and consumption
Review your electricity comparison results – switching online could save you hundreds or you may just be checking to see how your current electricity plan compares to the rest of the market.
Enjoy your savings!
Read Article