What should your energy consultancy be doing to get you the best business energy solution? When you’re choosing an energy consultant or energy broker, businesses often look for the cheapest service. But dig a bit deeper and you find there’s more to saving energy – and cash – than knockdown consultancy fees.
For the best value, you need to look at what else your energy consultant is doing to reduce consumption and waste, as these will have a positive impact on your bills, your bottom line, and more besides.
To help you find the best business energy solution for your company, your energy consultant should be doing at least 10 things…
1) Sorting out your energy and water tariffs
Your energy broker should be working with you and leading business energy suppliers to ensure you’re on the best and the right energy tariffs (and in Scotland only, whether you should change water supplier).
2) Making sure you comply with regulations
Ensuring your business is compliant with regulations, legislation and standards such as P272, ESOS, ISO50001 and Display Energy Certificates, should be a priority for your energy broker. They should ensure you don’t get caught out.
3) Doing your bit for the environment
Is your energy consultancy making sure your business is carbon neutral and that you understand what your business carbon footprint is and could be? Making a commitment to reducing your carbon footprint and offsetting it can help reduce energy consumption.
4) Counting your business energy pennies
It’s hard work – and complex – working out whether the invoices from your energy suppliers are correct. Your business energy consultant should be able to validate your utility bills, fully checking every part and holding your supplier accountable.
5) Reviewing your water consumption
With so much focus on business energy consumption, your energy consultancy shouldn’t forget water consumption. One way they can help your business reduce consumption, eliminate waste and reduce costs is a water audit.
6) Telling you how your energy and water use compares
Your energy consultant should be able to benchmark your site’s business energy and water efficiency against other similar businesses. Why does it matter? Because an energy check and water efficiency report tell you what kind of cuts in consumption your business could realistically make.
7) Putting you back in control of utility use
Can your energy consultant help you monitor and analyse where you’re using water and energy across your business? With the right monitoring software you can track exactly what you’re using.
8) Giving you an account manager dedicated to you
We think an energy consultant should do more than simply help you with utility procurement. To give you the best advice on ways to reduce energy and water use, and save money, they should provide a dedicated account manager to get to know your business.
9) Getting your staff involved in reducing utility waste
Has your energy consultant mentioned how your employees can be trained in reducing business energy waste? The Carbon Trust estimates that getting them involved can reduce your annual consumption by as much as 20%.
10) Providing a plan to manage energy and water bills
To help you see the bigger picture, your energy broker should be providing you with a utility management plan to help you minimise costs and enable you to better control energy provision.
We don’t like to boast, but…
As you might have guessed by now, Utilitywise is one energy consultancy that fulfils all 10 expectations on this list – and there’s plenty more where they came from!
We’ll help you spend less time managing your business energy, leaving you free to concentrate on your business.
7 New Technologies That Could Radically Change Our Energy Consumption
Most of our focus on technological development to lessen our environmental impact has been focused on cleaner, more efficient methods of generating electricity. The cost of solar energy production, for example, is slated to fall more than 75 percent between 2010 and 2020.
This is a massive step forward, and it’s good that engineers and researchers are working for even more advancements in this area. But what about technologies that reduce the amount of energy we demand in the first place?
Though it doesn’t get as much attention in the press, we’re making tremendous progress in this area, too.
New Technologies to Watch
These are some of the top emerging technologies that have the power to reduce our energy demands:
- Self-driving cars. Self-driving cars are still in development, but they’re already being hailed as potential ways to eliminate a number of problems on the road, including the epidemic of distracted driving ironically driven by other new technologies. However, even autonomous vehicle proponents often miss the tremendous energy savings that self-driving cars could have on the world. With a fleet of autonomous vehicles at our beck and call, consumers will spend less time driving themselves and more time carpooling, dramatically reducing overall fuel consumption once it’s fully adopted.
- Magnetocaloric tech. The magnetocaloric effect isn’t exactly new—it was actually discovered in 1881—but it’s only recently being studied and applied to commercial appliances. Essentially, this technology relies on changing magnetic fields to produce a cooling effect, which could be used in refrigerators and air conditioners to significantly reduce the amount of electricity required.
- New types of insulation. Insulation is the best asset we have to keep our homes thermoregulated; they keep cold or warm air in (depending on the season) and keep warm or cold air out (again, depending on the season). New insulation technology has the power to improve this efficiency many times over, decreasing our need for heating and cooling entirely. For example, some new automated sealing technologies can seal gaps between 0.5 inches wide and the width of a human hair.
- Better lights. Fluorescent bulbs were a dramatic improvement over incandescent bulbs, and LEDs were a dramatic improvement over fluorescent bulbs—but the improvements may not end there. Scientists are currently researching even better types of light bulbs, and more efficient applications of LEDs while they’re at it.
- Better heat pumps. Heat pumps are built to transfer heat from one location to another, and can be used to efficiently manage temperatures—keeping homes warm while requiring less energy expenditure. For example, some heat pumps are built for residential heating and cooling, while others are being used to make more efficient appliances, like dryers.
- The internet of things. The internet of things and “smart” devices is another development that can significantly reduce our energy demands. For example, “smart” windows may be able to respond dynamically to changing light conditions to heat or cool the house more efficiently, and “smart” refrigerators may be able to respond dynamically to new conditions. There are several reasons for this improvement. First, smart devices automate things, so it’s easier to control your energy consumption. Second, they track your consumption patterns, so it’s easier to conceptualize your impact. Third, they’re often designed with efficiency in mind from the beginning, reducing energy demands, even without the high-tech interfaces.
- Machine learning. Machine learning and artificial intelligence (AI) technologies have the power to improve almost every other item on this list. By studying consumer patterns and recommending new strategies, or automatically controlling certain features, machine learning algorithms have the power to fundamentally change how we use energy in our homes and businesses.
Making the Investment
All technologies need time, money, and consumer acceptance to be developed. Fortunately, a growing number of consumers are becoming enthusiastic about finding new ways to reduce their energy consumption and overall environmental impact. As long as we keep making the investment, our tools to create cleaner energy and demand less energy in the first place should have a massive positive effect on our environment—and even our daily lives.
Responsible Energy Investments Could Solve Retirement Funding Crisis
Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.
Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?”
Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.
Tip #1: Focus & Determination
Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.
Tip #2: Minimize Spending
One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!
Tip #3: Visualize Your Goal
You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.
Investing in Clean Energy
One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.
With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.
The Future of Green Biz
As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.
Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.
In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!
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