#Success&U

06 Sep 2017

5 Simple Ways to Save Energy and Reduce Business Costs

by RAKBANK

When it comes to running a business, using energy is unavoidable and energy costs can make a dent in the cash flow for most of the businesses. The UAE has some of the highest electricity and water consumption rates in the world. According to a report, the commercial sector in the UAE ¬accounts for 38% of the country's electricity use and 19% of its water consumption.

 

 As the price of energy increases slowly but steadily, it has become imperative for businesses to implement energy efficient measures in their premises and work processes. 


How to get started?


A DIY energy audit can be a good starting point for your business. An energy audit of a business is an analysis of the cost and efficiency of energy usage within a company. It looks for ways a business can minimize energy waste and make energy improvements. Among the UAE companies that had adopted high-efficiency measures, 88% had changed lighting systems and 75% had implemented measures related to air conditioning. 75% had taken other steps to conserve electricity while 38 per cent had launched initiatives to reduce water consumption (Source). 

 

How to conduct an Energy Audit?


As the owner of your business, you can conduct an effective, free energy audit of your business by simply walking around the building. Given below are a few methods to conduct a free, energy audit: 

 

1. Keep a tab on the Thermostat: Heating and cooling are responsible for about 48 percent of energy usage in an average home. This can be applied to offices also, which makes air conditioning one of the biggest energy expenditure. When walking around your business to conduct a DIY- free energy audit, locate the thermostat of the building and note the temperature set on the thermostat. Turning up the thermostat only two degrees reduces energy consumption by an average of 16 per cent per year, which can cut significant costs on energy bills.

 

2. Recheck all your appliances:  Try and find out the age of the appliances that your business is using. Start with monitoring the actual energy consumption of your appliance, which can be done by using a plug-in energy-usage meter - It is plugged into the socket and the appliance is plugged into the meter. Monitoring electricity usage for a month, or even a week, allows you to gain an idea of the annual consumption. If it?s not proving to be cost effective, maybe it?s a good idea to invest in a new appliance. 

 

3. Opt for energy saving light bulbs: Compared to traditional incandescents, energy-efficient lightbulbs such as halogen incandescents, CFLs and light emitting diodes (LEDs) typically use about 25%-80% less energy than traditional incandescents and can last 3-25 times longer. 

 

4. Utilise Natural Lighting: Exposure to natural lighting in offices leads to improved levels of productivity and provides substantial and sustained energy savings. Clear the windows and doors of blinds, curtains, clutter, and even dirt and let more daylight flood the workplace. 

 

5. Switch over the devices over the night: As a rule, make sure your employees don?t keep PCs and tablets on standby when they leave for the day. It will be ideal to make it a company policy to turn off all devices.

 

While a DIY energy audit can help spot many problems in any type of office, there are several energy audit companies who can conduct a professional audit for your organization. They will cover points such as an assessment of historical and current energy usage, a detailed billing assessment to identify options to reduce energy costs, an interval data analysis to analyse daily demand patterns, identify variances in usage and peak demand reduction strategies and Identify options to reduce energy usage through upgrading or replacing equipment. In case, you are looking for a thorough Energy audit, do get in touch with an Energy Audit company. 

 

We, at RAKBANK, care deeply for our business customers and hope that this article will help you in reducing costs for your business by conducting an energy audit. To know more about RAKBANK Business offering, visit https://rakbank.ae/wps/portal/business-banking?WT.svl=1&WT.ac=Business 

 


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5 Simple Ways to Save Energy and Reduce Business Costs

06 Sep 2017

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When it comes to running a business, using energy is unavoidable and energy costs can make a dent in the cash flow for most of the businesses. The UAE has some of the highest electricity and water consumption rates in the world. According to a report, the commercial sector in the UAE ¬accounts for 38% of the country's electricity use and 19% of its water consumption.

 

 As the price of energy increases slowly but steadily, it has become imperative for businesses to implement energy efficient measures in their premises and work processes. 


How to get started?


A DIY energy audit can be a good starting point for your business. An energy audit of a business is an analysis of the cost and efficiency of energy usage within a company. It looks for ways a business can minimize energy waste and make energy improvements. Among the UAE companies that had adopted high-efficiency measures, 88% had changed lighting systems and 75% had implemented measures related to air conditioning. 75% had taken other steps to conserve electricity while 38 per cent had launched initiatives to reduce water consumption (Source). 

 

How to conduct an Energy Audit?


As the owner of your business, you can conduct an effective, free energy audit of your business by simply walking around the building. Given below are a few methods to conduct a free, energy audit: 

 

1. Keep a tab on the Thermostat: Heating and cooling are responsible for about 48 percent of energy usage in an average home. This can be applied to offices also, which makes air conditioning one of the biggest energy expenditure. When walking around your business to conduct a DIY- free energy audit, locate the thermostat of the building and note the temperature set on the thermostat. Turning up the thermostat only two degrees reduces energy consumption by an average of 16 per cent per year, which can cut significant costs on energy bills.

 

2. Recheck all your appliances:  Try and find out the age of the appliances that your business is using. Start with monitoring the actual energy consumption of your appliance, which can be done by using a plug-in energy-usage meter - It is plugged into the socket and the appliance is plugged into the meter. Monitoring electricity usage for a month, or even a week, allows you to gain an idea of the annual consumption. If it?s not proving to be cost effective, maybe it?s a good idea to invest in a new appliance. 

 

3. Opt for energy saving light bulbs: Compared to traditional incandescents, energy-efficient lightbulbs such as halogen incandescents, CFLs and light emitting diodes (LEDs) typically use about 25%-80% less energy than traditional incandescents and can last 3-25 times longer. 

 

4. Utilise Natural Lighting: Exposure to natural lighting in offices leads to improved levels of productivity and provides substantial and sustained energy savings. Clear the windows and doors of blinds, curtains, clutter, and even dirt and let more daylight flood the workplace. 

 

5. Switch over the devices over the night: As a rule, make sure your employees don?t keep PCs and tablets on standby when they leave for the day. It will be ideal to make it a company policy to turn off all devices.

 

While a DIY energy audit can help spot many problems in any type of office, there are several energy audit companies who can conduct a professional audit for your organization. They will cover points such as an assessment of historical and current energy usage, a detailed billing assessment to identify options to reduce energy costs, an interval data analysis to analyse daily demand patterns, identify variances in usage and peak demand reduction strategies and Identify options to reduce energy usage through upgrading or replacing equipment. In case, you are looking for a thorough Energy audit, do get in touch with an Energy Audit company. 

 

We, at RAKBANK, care deeply for our business customers and hope that this article will help you in reducing costs for your business by conducting an energy audit. To know more about RAKBANK Business offering, visit https://rakbank.ae/wps/portal/business-banking?WT.svl=1&WT.ac=Business