{"id":90367,"date":"2023-01-16T12:14:24","date_gmt":"2023-01-16T10:14:24","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=90367"},"modified":"2025-06-26T16:35:09","modified_gmt":"2025-06-26T14:35:09","slug":"business-energy-bill","status":"publish","type":"post","link":"https:\/\/factorialhr.co.uk\/blog\/business-energy-bill\/","title":{"rendered":"6 Ways to Reduce Your Business Energy Bill as an SMB"},"content":{"rendered":"

Your business energy bill is an inevitable cost to factor into your overheads. Business Energy have estimated that energy costs the average small business \u00a34,114 per year and the average medium sized business \u00a37,224 per year. Thankfully, the <\/span>UK government have capped the rates of wholesale electricity and gas<\/b> to below 50% of the market rate until October 2023.\u00a0<\/span><\/p>\n

However, this is only a temporary measure to support companies through the winter. Even these discounts aren’t necessarily enough on their own.<\/span><\/p>\n

Now more than ever, SMBs are looking for <\/span>quick and simple ways to save on energy.<\/b> This article will spotlight 5 key energy saving tips and ideas in the workplace and will explore how to implement them in your organisation.\u00a0<\/span><\/p>\n

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  1. Switch Supplier\u00a0<\/a><\/li>\n
  2. Evaluate the Possibility of Solar Power<\/a><\/li>\n
  3. Apply for Energy Efficiency Grants for Business\u00a0<\/a><\/li>\n
  4. Offer Remote Working\u00a0<\/a><\/li>\n
  5. Appoint an Employee to Safeguard Energy<\/a><\/li>\n
  6. Know Your Numbers\u00a0<\/a><\/li>\n<\/ol>\n

    <\/a>1. Switch Supplier\u00a0<\/b><\/h2>\n

    Finding a less costly contract and switching supplier is generally viewed as one of the more time-consuming options. But it\u2019s also one of the best ways to reduce your business energy bill. Research has revealed that<\/span> 51% of SMBs refuse to change suppliers<\/span><\/a> out of fear that the transition would be too complex. Many also expressed concerns about the process being too costly and difficult.\u00a0<\/span><\/p>\n

    But when it comes to your business energy bill,<\/span> the greater the input, the greater the reward.<\/b> These fears often hold businesses back and lock them into contracts charging outdated rates.<\/span><\/p>\n

    Reflecting on what you\u2019re paying and either renegotiating these figures or looking elsewhere is a massive opportunity to reduce costs. By starting from scratch, you can compare what\u2019s out there and be pickier about who you sign with. You\u2019ll be able to <\/span>take advantage of limited-time deals and save in the process.\u00a0<\/b><\/p>\n

    Companies such as<\/span> Business Energy<\/span><\/a> will handle the entire switch for you. Or, if sustainability is top of the agenda for your organisation, try somewhere like<\/span> Big Clean Switch<\/span><\/a>. They <\/span>compare prices from the UK\u2019s top green suppliers and manage the entire transition for you.\u00a0\u00a0<\/b><\/p>\n

    If you\u2019re keen to manage the switch without the help of a third party, remember to:\u00a0\u00a0<\/span><\/p>\n