The energy crisis has impacted British households and companies massively so everyone is looking to make some savings on their energy bills where they can. With 53% of small companies expecting to downsize or fold in the next year, it’s important to keep an eye on your energy efficiency and move it up to the top of your to-do list.

Reducing your energy usage can create some significant savings and free up money to invest in other areas of your business. Here’s how you can cut energy costs:

Switch your energy supplier

There’s no right or wrong way to pick an energy supplier but it’s possible that you’re missing out on better-value deals. With 40 different energy providers of varying sizes active in the UK, it’s worth checking out the competition and seeing if they can offer you better saving opportunities.

Currently, Octopus Energy was top-rated for the best value tariffs and customer service compared to bigger energy companies such as British Gas. Switching to the right provider could end up making you some extreme savings.

Carry out an energy audit

Putting your energy spending under a microscope and analysing where you could make some cutbacks is a great way to make some meaningful changes in your company. An energy audit determines where your energy is being spent and can verify the effectiveness of any energy-efficiency projects you implement.

Once you have the information you can use this to improve efficiency and reduce your energy costs. This frees up money to invest in other sectors of your company and optimise any future spending.

Keep the office warm and your bills low

Keeping your workspaces warm is great for worker morale but the matching energy bill isn’t good for your finances. There are, however, plenty of ways of insulating offices and workspaces that won’t cost you an arm and a leg.

For example, loading bays are often chilly but you can keep employees toasty by installing PVC strip curtains. These act as the perfect barrier between the building and the outside elements, and even better – you won’t be whacked with a bill every single month for using them.

Switch off computers and other equipment

It can be difficult to enforce rules about switching out equipment overnight but doing so can prevent energy wastage. This is money straight out of your pocket which could be better spent elsewhere in your business.

Prevent overspending by installing fluorescent bulbs, motion-sensor lighting, and energy-efficient equipment. This includes anything with an A+ rating that will not only lead to cheaper energy bills but offset the initial cost of the equipment.