Think long-term for controlling these business costs
Gasoline prices have dropped to comfortable levels over the last few months (thank goodness)!Â
But long-term energy pricing forecasts are still spotty. Your guess about where energy prices will be two, five, 10 years down the line are as good as any futures forecaster’s.
Finding ways to conserve energy and eliminate waste now can only help your company in the long run.
Here are four ways you can trim energy savings today:
1. Review pre-set building controls
Talk with your Facility department or building contractor about adjusting thermostat settings.
They can try testing slight changes first, namely heating or cooling the building by a one or two degree difference.
Then track complaints. Many companies heat and cool their buildings at temperatures they think most people are comfortable with. Often there’s wiggle room for the majority of people.
And there’s a lot of savings in that wiggle room.
2. Boost building maintenance and cleaning
There are steps Housekeeping and Facilities can take to reduce energy use:
Dusting light fixtures extends the lifespan of ceiling lights and ballasts, and illuminates work areas better.
Replacing filters for heating, ventilation and air-conditioning systems improves ventilation (and comfort). It also reduces how much the equipment has to run to maintain set temperatures.
3. Check with the experts
Many local utilities will provide free or low-cost audits to help identify your energy “drains.”
Examples: not having sensors for lighting systems, equipment that runs all the time needlessly, etc.
Utlities can also help with an energy management plan for your location.
4. Go green with company vehicles
If your company provides vehicles for employees, factor fuel efficiency into your choices.
For example: Hybrids guzzle a lot less gasoline and prices have come down considerably in the last three years or so.
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by Personify Health
Further Reading
Excel financial formulas allow users to process accounting data quickly and easily. To use a financial formula in Excel, click on the â€...
Auditors sought a single principle for accounting of software costs. But after months of consideration, the Financial Accounting Standards ...
Artificial Intelligence (AI) is perfect for a range of Finance tasks. Billing, analysis data processing and other mundane but critical duti...
Not all companies handle payroll records the same way. Firms may keep data in multiple systems — payroll, HR, timekeeping and the gen...
Wealthy investors are about to lose a tax loophole that IRS allowed for years. The tax cops say its new policy and enforcement will net bil...
Reorganizing data layouts is a common challenge for financial professionals. Excel’s Transpose feature lets you quickly switch rows and c...