Exploring New Energy Options for Micro Businesses
Small and micro businesses possess distinctive energy requirements, and it’s a common misconception that they pay the same energy contract rates as larger enterprises. Ofgem defines a micro business as having fewer than ten employees, an annual turnover of no more than €2 million, and consuming less than 100,000 kWh of electricity and 293,000 kWh of gas annually.
Because of their smaller scale and reduced energy consumption, micro businesses often have fewer choices when it comes to energy contract pricing compared to larger companies. While this might seem like a roadblock for small businesses trying to cut their energy costs, there are alternative energy options and strategies to reduce consumption available. Investing in renewable energy and energy-efficient technology represents just a couple of steps that micro businesses can take.
Transitioning to Renewable Energy Sources Switching to a renewable energy source can significantly impact your energy bills, and many energy suppliers offer green energy contracts that can benefit your micro business. Some of the key advantages include a positive impact on your contract, energy independence, cost savings, environmental sustainability, and a competitive edge.
What options are available for micro-businesses?
- Solar Power: Installing solar panels on your property can generate energy, reduce reliance on the power grid, and lower energy costs. The government supports businesses investing in solar energy with grants and subsidies.
- Wind Power: An increasing number of small businesses are turning to wind power as a renewable energy source, especially those located in areas with high wind speeds.
- Biomass: Biomass energy uses organic materials such as wood chips, waste, and pellets to produce heat and electricity. This is an attractive option for businesses like farmers and food producers, as it can turn waste materials into energy.
- Hydropower: Hydropower, or hydroelectric power, is one of the largest and most reliable renewable energy sources, using the movement of water to generate electricity.
Utilizing solar, wind, or other renewable resources can help micro businesses reduce operating costs, enhance their brand reputation, and contribute to a more sustainable and environmentally friendly future.
Battery Storage Systems Battery storage technology has advanced significantly, and smart energy storage systems can be added to increase grid effectiveness. The growing trend of on-site energy generation allows micro businesses to become more self-sufficient and control their own energy reserves. This extra energy generated from renewable sources can be stored by micro businesses and used to offset peak demand charges and electricity costs.
Microgrids Microgrids combine energy generation, storage, and source technologies to create a localized power system. They are particularly useful for micro businesses as they can reduce energy consumption using battery storage and renewable energy sources like solar panels. Microgrids also allow you to share excess energy, reduce transmission losses, and improve grid reliability, providing a dependable and cleaner energy supply, especially for small businesses in remote areas.
Energy Monitoring Software To maximize efficiency and reduce costs, every business must manage its operations effectively. Micro businesses can use energy monitoring software to monitor their energy consumption and identify areas for improvement. With this software, you can track your progress towards carbon reduction goals by accessing real-time data on energy usage and costs. Energy monitoring software helps businesses detect patterns, anomalies, and potential energy-saving opportunities, enabling you to reduce your carbon footprint and use energy more efficiently.
Smart Technology Implementing smart technology can help micro businesses manage energy effectively. Smart lighting, thermostats, and meters are just a few examples of applications for smart technology. Smart meters, for instance, allow you to monitor, regulate, and optimize energy consumption, leading to lower energy costs and increased operational efficiency.
In Conclusion As energy trends continue to evolve, micro businesses have the opportunity to enhance their sustainability, resilience, and financial stability. By reducing their carbon footprint and energy costs, micro businesses can significantly improve their energy efficiency. These innovations actively enable micro businesses to contribute to a greener and more sustainable future.