Steps on How to Cut Down on Energy Costs

By Nia Lawrence


For people who don't really consume much energy, the minor differences in rates across various electricity suppliers will not affect the overall bill drastically, so shifting from one company to another is not really an issue these people need to face. However, if you are the owner of a big household or, more importantly, a big company, these minor differences will be magnified into massive savings which will ultimately affect the revenue of the company.

One measure that is currently being promoted by some suppliers is the use of the smart meter. This modern electric meter automatically sends readings to the electricity suppliers on a more frequent basis. The companies no longer need to send some personnel to read the meter for homeowners, but they also get more accurate readings because of the increased number of readings within a month's time. This facility allows them to set up a peak and off-peak rating system, giving consumers the opportunity to earn more savings from their energy consumption. If they are able to lower energy use during peak hours, this will really mean massive savings. With fewer consumers consuming energy during the designated peak hours, energy companies are better able to meet the demands for energy and need not be pressured to tap on energy reserves when the need overwhelms the supply.

Another way your company can save on energy bills is by using energy-efficient appliances within your building. The use of CFL lighting and energy-efficient air conditioning units really helps lower down your electricity costs. Limiting the use of your appliances to what is essential is another way of getting you results. Good suppliers will have online sites that guide you through the various ways you can save energy. If you wish to get a more thorough evaluation of your company usage, consider hiring an energy expert who can make a comprehensive assessment and recommendation report on your energy use. When these recommendations are diligently followed through constant reminders to each department in your company, you will definitely see some deductions in your energy bills soon enough.

Electricity suppliers often recommend on their websites that people should replace their old units one by one with the latest, more energy-efficient models. There are now energy-saving air-conditioners, washing machines, fridges, freezers, and water heaters, among others. Because these units are fairly new, you will have to prepare yourself for a higher cost in the unit. However, you will really earn massive savings if you use these models.

If all measures have been taken and you still feel that the per-kilowatt charge is much higher than the others, then that is when you should start exploring the various electricity suppliers, their rates and services. You still have to be very careful, though. Some suppliers offer really low rates but for a limited introductory period only. Try to find out how much the rates are. You should only make the move if the overall annual consumption is lower than what you're experiencing with your current supplier. Patiently make the comparisons, and you will surely find the best company that exactly matches your needs.




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