With average electricity bills continuing to rise, now could be the ideal time to save on electricity prices for your warehouse business.
Energy represents one of the largest costs of operating a warehouse. Hence, managing energy offers one of the greatest opportunities for improving profitability. New technologies in the areas of temperature control, material handling, lighting and water management make energy use one of the most important considerations in warehouse efficiency. Beside technology innovation at your warehouse, switching your electricity supplier to the cheaper one can also reduce your costs, thus increasing profitability.
Energy costs for a non-refrigerated warehouse are around 15% of warehouse’ operating budget and in case of refrigerated warehouses, this cost can go as high as 60%.
The cost of electricity for your warehouse is made up of the following factors:
The unit rate, which is what you are paying for each kilowatt hour (kWh) of electricity you use at your warehouse
The standing charge,which is the daily fee you pay your supplier for managing your account
The rate type, which affects whether the unit rate is fixed or variable
The contract length,which affects how long you have to wait before switching
One of the best ways to bring this electricity cost down is to switch your electricity supplier when your contract is about to expire or in case of a new owner at a warehouse, switch it as soon you move in.
Other factors that may help reduce your electricity costs are:
Replacing standard lights with LED lights
Energy monitoring equipment to keep any on your electricity consumption
Regular servicing of your electrical appliances
Energy efficiency technologies.
Use smart business electricity price comparison (link to comparison page) services offered by Business Energy Shop (Bold text) to see how much you can save on your electricity bill.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.