Monday 10 October 2022
Our team is often approached with requests for clarity and questions, so this article is intended to provide some general answers and help you navigate the current energy climate with a bit more confidence.
Why are energy bills going up in the first place?
Energy bills are made up of a few separate costs, more than just the gas and electricity you use. They must include wholesale costs, which make up most of your bill. The wholesale price of gas has increased by 404% in the past 12 months according to official OFGEM figures.
There are a few different reasons for this year’s historic increase, and they are still hard to quantify. Current explanations include Russia’s invasion of Ukraine and the resulting war and sanctions, or the fact that the UK only has a fraction of the gas reserves of other European countries. Gas is far from being the only energy source experiencing issues, with nuclear power plants suffering from outages and wind farms seeing less wind during the summer months.
So, what can you do?
While shopping around for new deals and supplier alternatives is often the first route recommended, that’s sadly not the case at the moment.
Instead, the most productive thing you can do when it comes to energy management is to understand where it’s being used. Once you know where energy is being consumed in your buildings, you can target specific areas to take action.
Let’s take a look at the typical energy balance for some buildings to give you an idea of where to start.
The charts above show only the typical energy balance at a high level and your usage will no doubt vary. It’s always best to have a detailed audit done which goes beyond the above so that you can direct your approach to your specific needs.
What does action look like?
Here at Energise we like to remind ourselves and our customers that “the cheapest energy is the one you don’t use”. With that in mind, reducing energy consumption where possible is critical.
Offices use & Commercial spaces
Lighting
Electrical equipment
HVAC – Heating Ventilation & Cooling
when Working From Home
These are a few general energy savings tips that can help you reduce energy consumption if followed. For a more in-depth analysis of your buildings and facilities, you can get in touch with the Energise experts at gonetzero@energise.com, they’ll be happy to help.