There are a number of ways you can reduce your energy costs. Almost all of which fall into two buckets:

• Reducing energy prices; and
• Reducing energy usage

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Reduce energy prices

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To reduce energy prices, especially for businesses with multiple locations, an optimised approach is needed. The energy market is too complex for any single retailer to be the lowest price for every meter type, in every region, especially over a period longer than a few months.

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Energy retailer's strategy tends to be to have a target set of meters the price as competitively as possible, while making more money on other meters. This means it's never the best option to go with a single retailer for your portfolio for any significant period of time.

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The best way to reduce your energy prices are by optimising your portfolio with a progressive procurement strategy. Taking advantage of the best prices in the market for both small and large market meters. This is exactly what Termina does.

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Benefit from better prices when energy prices are coming down while having protection with previous prices in an upward market.

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Termina automates this for you. And with our saving-split model, it means we're motivated to save you as much as possible (as opposed to misaligned broker incentives).

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That means there's no risk, and no cost to trying a more progressive model for your business.

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Reduce energy usage

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The 2nd most common way of reducing energy costs in business is to reduce energy usage.

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This used to mean installing expensive hardware that would be set on timers that can mess with the reality of a varying business.

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Or it meant doing expensive energy audits that cost thousands before finding out how to reduce energy costs.

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With Termina you can calculate your exact equipment running costs - no hardware required - to uncover easy wins in reducing usage.

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Now you can work out which equipment costs you the most so you can easily control energy usage.

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You can also see exactly which locations are costing you the most relative to other locations.

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Have all of the data in front of you so you can make better energy decisions.

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Conclusion

Reducing business energy costs is often the highest leverage variable cost reduction you can make in your business. The hard part is making this a simple process.

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With Termina you have all of the data you need in front of you so you can reduce your business's energy costs - from small businesses to global enterprise brands.

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The best part is it's free to try both of these strategies with Termina. So reach out today to get started.