In his weekly business finance post, our CFO Greg Taylor looks at a new scheme which could help 500 small businesses in the Hunter to cut their energy bills.
Did you get a shock last time you opened your energy bill and the time before?
Rising electricity and other energy costs is a real issue for business. I’ve written here before that one of the ways to improve profit is to focus on cutting expenses as well as looking to raise revenue. Energy reduction is good place to start looking at costs.
The issue for businesses, particularly small businesses, is that as you deal with staffing issues, suppliers and meeting orders, focusing on reducing energy consumption slides down the priority list.
That’s why I was interested to hear about a new initiative of Newcastle City Council, Hunter Institute of TAFE and Hunter Business Chamber, called Energy Hunter. There are three components to the Australian Government funded project.
Through the “Living Laboratory” component, Council is now providing 500 Hunter businesses with free electricity monitoring and assistance to identify energy reduction opportunities. That’s the difference with this program. There are people and information from experts to actually know where you are using energy and how to cut back. There are also tools to evaluate what is working. I am sure many small businesses would want to cut energy consumption but because they are not experts it takes too much time and effort.
The other good news is that joining Energy Hunter is free. You do have to commit to the program for a year and attend at least four workshops and share information about your participation.
There are a number of no cost or low cost ways to save energy, so it is worth paying attention to the issue.
To find out if Energy Hunter is useful for your business call Council on 4974 2564 or email firstname.lastname@example.org
Share your business energy saving tips below.
Greg Taylor is the Chief Financial Officer at The Greater. This post is based on Greg's weekly business finance column in the Newcastle Post newspaper.