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Boo! Don't get a fright from your energy bill!

Received your latest energy bill and thought – “how on earth did that happen?“ I have had those moments before when the bill rolls in and you just weren’t ready for the amount or felt like you had just paid the last large bill. I think we should all aspire to be savvy business owners/managers, and one thing we need to do is look into things more. Don’t just pay the bill and wait for the next one, have a look at what your consumption is and how you might manage this more efficiently.

Firstly, have a look at the consumption rate. Make a note of it and track it over the coming year. Your energy bill, depending on your supplier, will help you with this by showing you a graph on your invoice depicting your energy use this quarter compared to other quarters.

Have a look at where you are using energy. This can be fascinating and a good process to go through for yourself, but also for your team if you have one. A great place to start is Efergy. They have an Engage Hub Kit which will help you track your energy consumption online and once you know the areas that use the most energy, you can start to work out what you are going to do about it. For information on the Efergy, head to their website by clicking here.

Set a goal for reducing your consumption. If your energy use is going up, a simple goal may be to keep it at a particular level. Once you have set a goal, think about these following ways to get your strategies in place to ensure you are not surprised by the upcoming bills.
Not sure what strategies to use? Don’t stress, you are not expected to. There is a great website that can help you out called Energy Cut. Head to their website for some great tips on starting an energy reduction plan for your practice: Click here to check it out. 

One of the best things I have implemented is paying my bill on a weekly basis. I wish I had started to do this years ago, but not to matter as it is in place now and working wonderfully. I have set up a direct debit from my bank account to pay my energy supplier a particular amount each week. I worked out the amount by averaging out what my energy costs are for the year and dividing this by 52 weeks, to get a weekly payment amount. It is a rough calculation, but what it means is because I am making very small regular payments, when the bill comes in, there is a very minimal amount to pay. This makes the bill easier to pay in one lump sum. A lot of energy suppliers will offer you a discount to pay on time, and this is another great reason to set up a pay in advance system like this so you can take advantage of these discounts.

Last year, we ran an energy management webinar with lots of great tips from an expert friend of Maida Learning to reducing energy consumption in your practice. For access to this webinar recording, please feel free to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.

Tags: Accounting, Efficiency