Prepare for summer energy costs in 2024

Article posted

19th Apr 2024

Read time

2-4 min read

Author

Mollie Pinnington

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Summer's nearly here which could mean skyrocketing energy bills. This year, with ongoing global uncertainties impacting energy markets, businesses need to be extra proactive in managing their summer energy use.

Here's how you can prepare your business for the heatwave and keep your cool when it comes to your energy costs:

Strategise and analyse

  • Understand Your Plan: Review your current energy plan with your utility provider. Are you on a fixed-rate plan, or variable plan where prices fluctuate? Knowing your contract type will help you strategise how to minimise costs.
  • Analyse Past Usage: Look at your energy consumption data from previous summers. This will help you identify peak usage times and areas for improvement.

 

Be energy efficient

  • Smart Thermostat Savvy: Invest in a programmable or smart thermostat. These allow you to adjust cooling based on occupancy and time of day.
  • Embrace Natural Light: Take advantage of natural light whenever possible. Open blinds during the day and consider installing skylights in strategic locations.
  • LED the Way: Replace traditional incandescent and fluorescent bulbs with energy-efficient LEDs. Not only will they save energy, but they also last significantly longer.

 

Shift and adapt

  • Time-Conscious Operations: If you're on a time-of-use plan, consider shifting energy-intensive activities to off-peak hours. This could mean running dishwashers or laundry machines at night.
  • Embrace the Fans: Ceiling and floor fans can significantly improve comfort without relying solely on air conditioning.
  • Employee Education: Encourage employees to be mindful of energy use. Simple steps like turning off lights in unoccupied spaces and adjusting thermostats slightly can make a big difference.

 

Challenges to consider in summer 2024

  • Supply Chain Issues: Global supply chain disruptions could impact the availability and cost of energy-efficient equipment. Plan ahead and order any upgrades you need well in advance.
  • Geopolitical Unrest: Ongoing geopolitical tensions can further impact energy markets, leading to unpredictable price fluctuations. Be prepared for potential cost increases.

By taking proactive measures now, businesses can mitigate the impact of rising energy costs this summer. Remember, a little planning and some smart adjustments can go a long way in keeping your business cool and your finances comfortable.

If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.