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Energy Insights

Can Renewables Reduce Business Energy Costs?

Businesses worldwide are dealing with a fresh set of challenges, particularly escalating energy costs. If your business operations are rooted in a region grappling with surging energy prices, your bottom line could take a significant hit. But don't fret! You can take steps that can alleviate the impact of these ballooning costs.

Business energy consumers havethree strategic paths they can take to tackle energy price hikes. From harnessing federal and state government support to implementing individual business initiatives, you can enhance your energy management, steer your business towards a net zero carbon footprint, and save a good chunk of change on your energy bills.

Federal Support: The Helping Hand Your Business Needs

Tapping into national support schemes and programs offered by the federal government can be a game-changer in the fight against rising energy costs. For example, the CitySwitch program is a sustainability initiative. It guides office-based businesses in improving their everyday energy and waste efficiency. As a member, you'll be paired with an experienced program manager. This person will help you roll out initiatives that align your business with carbon positivity.

Additionally, there are federal programs focused on enhancing energy efficiency and offering research and development grants. By digging into these opportunities, you can unearth grants and incentives relevant to your business. This can then help you achieve the most significant impact on your energy usage.

State Support: Local Aid for Local Businesses

Several states and territories offer concessions and rebates to help businesses manage spiralling energy bills. In New South Wales, for example, the Lighting for Small Business rebate enables businesses to upgrade to energy-efficient LED lights with the government heavily subsidising the purchase and installation costs.

In Victoria, the Victorian Energy Upgrade program offers discounts and special deals from accredited providers. This can help cover the cost of energy-efficient lighting, hot water system upgrades, heating, ventilation, air conditioning, and even water-saving fixtures and fittings.

Moreover, if your business is classified as a residential customer, you may be eligible for one-off energy rebates in your state or territory. These can offer you substantial savings, helping you manage your energy bills effectively.

Individual Business Action: Your Business, Your Moves

While government support is a boon, the real game-changer is the action you take within your own business. By reducing your energy consumption, you can significantly cut your energy bills and improve your energy efficiency.

Start by implementing simple changes like switching to energy-efficient LEDs, turning off lights and temperature controls when rooms are not in use, using the air-con sparingly, and running the dishwasher only when it's full. These small steps can make a big difference in your energy consumption.

Furthermore, consider comparing your current energy retailer against others in the market. Review different options such as time-of-use pricing, off-peak usage, or smart meters to see what suits your business best. This could be a pivotal step in your journey towards effective energy management and cost savings.

In conclusion, businesses have several options to counter rising energy prices. By capitalising on federal and state government support, implementing energy-saving measures, and adopting renewable energy procurement strategies, you can reduce your energy bills, improve your energy efficiency, and take significant steps towards a net zero carbon footprint. So, start exploring these options today. At Energy Action, we are ready to assist you in reviewing the energy market and identifying potential savings for your business. Contact us today for a no-obligation review on 1300 553 551. Remember, renewable energy isn't just the future; it's the present!

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