How to take your energy management to the next level

Two men standing next to a white car at a charging station.

Saving even more money can also help save the planet!

In a recent article, What is energy management, we introduced the topic of energy management and discussed some small steps that business owners can implement to get moving and start reducing their energy usage (and electricity bills).

Once you have improved your energy efficiency and optimised your energy plan, you may be ready to explore some more advanced energy management solutions that can also involve investing. These solutions can help you generate your own energy, store excess energy, and reduce your dependence on the grid.

They can also provide you with more benefits, such as increasing your energy resilience, reducing your carbon emissions, and creating new revenue streams.

Here are some options to consider

Have you considered disconnecting from gas and switching to electricity?

If you have gas hot water or a small gas heater, you may be able to save money and energy by replacing them with electric heat pumps and disconnecting the gas connection. Heat pumps are more efficient than gas heaters, and they can also provide cooling in summer.

By disconnecting from gas, you can also avoid paying the fixed gas supply charge, which can be a significant part of your gas bill. However, before you make this decision, you will need to look at this option holistically and assess things like your electrical supply capacity, if you use gas for other applications, and the costs and benefits of switching.

If you do change over, also remember to check your energy plan a few months after, as your usage will change and you might be better off with another provider or tariff.

Have you considered installing solar?

Solar is a great way to generate your own energy and reduce your reliance on the grid. However, not all solar systems are the same, and you need to choose the right size and type for your business.

It is always advisable to get independent advice when it comes to solar, to ensure you aren’t over-investing and installing a system that’s too large for your requirements. You also need to consider the payback period, the maintenance costs, and any incentives and rebates available for solar in your region.

Have you considered adding battery storage?

Battery storage is a technology that allows you to store excess energy from your solar or the grid and use it later when you need it. Battery storage can help you increase your self-consumption of solar energy, reduce your peak demand charges, and provide backup power in case of a blackout.

However, battery storage is not always the best option for every business, as it depends on your energy usage patterns, your solar system size, and the value you can get from storing energy. As most workshops run during daylight hours, battery storage may not always provide the same benefits as it does at home, where it can shift energy into the evening time periods. Again, it is advisable to seek independent advice based on the type of workshop you operate, when you use energy, and the value created from installing battery storage.

By implementing these advanced energy management solutions, you can take your business to the next level of energy performance, sustainability, and innovation. You can also create new opportunities for your business, such as participating in demand response programs, selling excess energy to the grid, or joining a virtual power plant.

This article was published 23/01/2024 and the content is current as at the date of publication.