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  • Energy Insights

Prepare for Rising Energy Costs This Winter

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As we approach the winter months, energy suppliers are predicting rising energy costs, with a substantial increase in energy prices and an expected rise of 2p per kWh on average by November. For organisations, this escalation could significantly impact your bottom line, making it crucial to act swiftly in order to mitigate these rising costs, allowing your organisation to succeed as usual.

Understanding the Impact of Rising Energy Costs

The increase in energy prices represents the volatility within the global energy market. Geopolitical instability, supply chain disruptions, regulatory changes, and shifts in consumer demand can all contribute to this volatility. For organisations that rely heavily on energy for operations, even a relatively small price hike can result in considerable additional expenses. These added costs can strain profit margins, affect competitiveness, and disrupt long-term financial forecasting.

However, this challenge can be met with proactive planning and strategic action. Organisations that adopt a forward-thinking approach to energy management are better positioned to mitigate these cost pressures. This may involve investing in energy-efficient technologies, or submitting bills for review in order to discover where you could be saving.

energy costs rising and hike in november

Proactive Steps to Reduce Energy Costs

Aside from reviewing your energy bills, there are several strategies you can implement to reduce energy costs this winter:

  • Energy Procurement:

    At BP Consulting, our experts identify opportunities for significant energy savings tailored to your needs. We secure competitive, cost-efficient rates to ensure your energy expenses are cost-effective without compromising on quality.

  • Ongoing Energy Management:

    Managing your energy usage can be time-consuming and complex. We’ll ensure your bills are accurate, your tariff is competitive, and we’ll liaise with suppliers on your behalf, giving you more time to focus on your organisation.

  • Generate Your Own Electricity:

    Consider investing in renewable solutions that enable you to generate your own electricity. This not only reduces dependency on the grid but also provides long-term savings and environmental benefits.

  • Implement IoT Technologies:

    Explore smart technologies that integrate into your existing operations, enhancing efficiency and reducing costs. IoT solutions can monitor and optimise energy usage in real-time, ensuring you only use what’s necessary.

  • LED Lighting:

    Investing in LED lighting can significantly reduce energy consumption. LED lights offer up to 80% more efficiency, smart controls, and a lifespan of up to 25 years, making them a cost-effective and sustainable choice.

How BP Consulting Can Help

At BP Consulting, we understand the challenges that rising energy costs present, and we’re here to help your organisation navigate these turbulent times. Our team of energy experts leverages extensive supplier relationships and deep industry knowledge to help your organisation secure the most competitive energy prices available. By submitting your current energy bill to BP Consulting, we will review it for potential saving opportunities, ensuring you’re not paying more than necessary. With our guidance, you can stay ahead of the curve and protect your organisation from escalating energy expenses.

Don’t wait until energy prices rise further – take action now to protect your organisation from the financial impact. Utilise a free consultation with one of our energy experts to explore your options and secure the most competitive rates.

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