There are three main reasons why your energy bills might be high, and we are here to provide you with the much needed answers to your energy cost crisis.

You’re wasting energy

The first one is pretty obvious, wasted energy is wasted money, which is not beneficial to any business - who wants to pour hard earned money down the drain? 

The key is to identify where the energy is being wasted; is it a faulty machine that's not working efficiently? Or a lack of attention paid by employees, by simply forgetting to turn off the switch at the end of the day? Little things, such as this add up and can cost businesses a-lot of money, that could be used elsewhere.

By looking at your BMS data, you can pinpoint when and where your energy is being used, and where it is being wasted. By identifying the cause of the energy wastage problem efficiently, you could potentially save your business thousands.

Do you qualify for ESOS ? 

The audits, which were undertaken for phase I and phase II, provided opportunities to reduce energy. Therefore, opportunities that might not have met criteria back then, could now warrant revisiting and progressing. The date for phase III qualification is 31st December 2022, which means if you qualify and haven’t undertaken previously identified savings opportunities, that’s the first starting point.

You’re not checking your bills

Paying energy bills may be something you do on autopilot, but opting for a forensic review of your charges could save your business a lot of money. Energy bills can be complex, and it’s estimated 1 in 4 contain mistakes, some of which are so technical that they would not be picked up by standard bill validation services. If you are being overcharged by your energy supplier, it’s better to know sooner rather than later.

Keeping up to date with changes in the energy market is critical for correctly validating invoices. Utility invoices can be very volatile, often seeing charges change on a monthly, quarterly, or yearly cycle, resulting in a number of opportunities for error.

Our Optimised Cost Recovery team specialise in analysing energy bills, to discover any invoice errors and unearth refunds and ongoing savings for your bottom line. 

You’re buying energy at the wrong time

Timing plays a huge role in the price you pay for your energy. At the time of writing this article (January 2022) current energy prices are near all-time highs, so the best thing to do is assess the market and be able to buy your energy when favourable, in addition to a suitable supplier, product and contract terms.

Our in-house Procurement consultants create an Energy Market Report each month, analysing the fundamental market drivers and reviewing the outlook, offering insight into the best time for purchasing and/or selling gas and power.