LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.
As the new year begins, every business will be working hard to exceed its goals for 2022. Regardless of the industry, being more profitable will always be a goal, and proactively managing your energy can help you achieve that.
As the price of energy continues to rise, it is important that your business stays on top of its energy consumption and looks to be more energy-efficient across your whole portfolio. We have written this blog to help our customers with their energy management, identifying five ways they can manage their business energy to reduce their energy use.
Complete an energy audit: An energy audit will enable your business to discover which areas of your organisation are using the most energy, and from there develop an energy reduction strategy which will reveal the best and most effective ways to bring your energy down, resulting in lower energy spends and a reduction within your carbon emissions.
Monitor your usage: By monitoring your energy usage, you are more likely to spot any issues within your energy portfolio, such as overusing; this will give you the opportunity to tackle any issues within your usage before they become out of hand.
Install sub-metering : Installing sub-metering will give your business live data on your consumption, giving you accurate readings; this will enable you to have accurate bills and enable you to understand your energy better. Our MY ZeERO technology will help you visualise your energy usage and our energy efficiency experts will use this data to provide strategies to reduce your consumption without the need for capital investment.
Review your energy contract: As your business grows, your energy contract may no longer be suitable; factors such as expanding your premises or having a significant number of staff working from home could change your energy habits, whether this leads to you under using or overusing, you want to be paying the minimal amount possible. Now is the perfect time to review your energy contract to see if you can find a more suitable, affordable energy tariff.
Work with an energy consultant to develop a robust energy strategy: A great energy consultancy will work you on all of the above, leaving you time to focus on growing your business. In addition to the above services they will also be able to offer services such as bill validation, SECR and ESOS reporting and helping you on your journey to net zero.
How can Utility Team help?
At Utility Team, we are experts in energy management. We will conduct an energy audit, so we have a complete understanding of your business's unique energy usage to determine the best strategies to ensure this is managed effectively, all to reduce your energy consumption. With over a decade of experience, we have developed multiple ways to support businesses like yours, helping manage their energy proactively with services such as kVA analysis, sub-metering, and non-commodity analysis.
Managing your energy is becoming an increasingly complex task; let us help make it easier. To speak to one of our energy experts, get in touch today on 02476 997901 or email email@example.com.