Reduce your energy costs starting today
Most businesses want to know what they can do to cut energy costs. The answer starts with treating energy like any other business risk — identifying, understanding, and strategically managing it.
Three pillars of energy cost reduction
A systematic approach to managing energy as a business risk — not just a line item on the budget.
Understand your energy position. Look at your bill, compare to previous periods. Separate controllable costs (energy rates, which are negotiable) from non-controllable charges (regulated network costs, which make up over 50% of your electricity bill).
Build strategies to avoid and mitigate energy cost risk. This includes procurement optimisation, usage reduction, and leveraging available grants and funding programs for energy efficiency projects.
Make energy management a regular part of your business. Develop KPIs, incorporate energy into operational decisions, fund new projects through earlier savings, and generate saleable environmental certificates.
Where to focus for maximum impact
With Sourced Energy in your corner you can:
If your organisation spends more than $50k on electricity or $100k on gas per year at a single meter, you're likely on a large market tariff. Shop around — there may be more than 10 retailers available. Always compare actual kWh or MJ rates, not just discount percentages. Some retailers inflate base prices to advertise larger discounts.
Develop a policy and get commitment from employees. Complete an audit to identify opportunities and prioritise projects by cost versus reduction in usage or emissions. Start with quick wins where low or no-cost activities yield large reductions.
Take advantage of available government grants and funding programs for energy efficiency and renewable energy projects. Generate saleable environmental certificates where projects are verified as saving or displacing tonnes of CO₂.
Network tariff rates reset each 1 July in NSW, ACT, QLD, SA and on 1 January for Victoria. While network costs are regulated and non-negotiable, it may be possible to switch to a different network tariff that better suits your consumption profile.
Not sure where to start
Let our experts conduct a review of your energy position and identify immediate opportunities for savings. Many clients see results within the first month.