Conserving energy residentially and at your business saves money. Small business owners are impacted by energy use both at home and at work so it is important to have a basic understanding of utilities. Businesses can work back and forth with their utilities to figure out the best energy savings strategy. Here are the basics of energy use.
An energy rate consists of operating costs, recovery costs, actual cost of energy and return on investment to investors.
Factors that influence the energy rate are energy cost, price changes due to weather, economic forecast, general maintenance and time of day. Time of day is used determine the energy rate. Peak hours are defined by each utility company. Typically peak hours are 8am to 8pm. Peak hour energy rates cost more than off peak.
Commercial rates for energy can be lowered by allowing devices to be cycled during peak hours. Utility companies and businesses can collaborate to determine when the cycling happens.
Every degree the thermostat is turned down saves three percent which can be $80 to $100 saved per year.
To save on energy power strips can be used on appliances that continually draw phantom energy such as cable boxes, computers and printers, etc. Anything that is plugged into the wall can be put onto a power strip and shutting that power strip off saves money.
Purchase energy star appliance both at work and home.
For more information, visit: rmenergyblog.blogspot.com.
