Retail
For retail spaces in the UK, securing favourable energy rates is essential for managing operational costs and maintaining profitability in a highly competitive market. Retail stores often have significant energy demands, including lighting, heating, cooling, and powering equipment and appliances. According to the British Retail Consortium, energy costs can account for a substantial portion of a retailer's overhead expenses.
Top energy-saving tips for
Retail
Implement energy-efficient lighting solutions: Replace traditional lighting fixtures with energy-efficient LED alternatives throughout your retail spaces. LED lights consume significantly less electricity, generate less heat, and have a longer lifespan, resulting in substantial energy and maintenance cost savings.
Encourage energy-conscious practices among employees and customers: Implement an energy-saving awareness campaign to educate employees on simple yet effective measures, such as turning off lights and equipment when not in use, and encourage customers to participate in energy-saving initiatives.
Consider an energy audit: Reshape Energy can help identify areas where energy is being wasted and provide tailored recommendations for improving efficiency. An energy audit can uncover opportunities for upgrading equipment, improving insulation, or implementing energy management strategies specific to your hospitality business.
DEDICATED ACCOUNT MANAGER
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We're committed to providing personalised and seamless support every step of the way. When you partner with us, you'll be assigned a dedicated account manager who will be your go-to resource for all of your inquiries.
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Your account manager is not just an expert in the field, but also your advocate, ensuring any questions, concerns, or adjustments you may require are met efficiently and effectively.
TOP TIPS TO SECURE THE BEST ENERGY DEAL
Check your contract end date
Approximately six months before your energy contract expires, start exploring your options. Failing to take action could result in being placed on variable contract rates, which are typically the most expensive tariffs offered by energy suppliers.
Evaluate your renewal prices
Renewal prices from your current provider may be higher than your existing rate. For energy-intensive businesses like restaurants, it's advisable to research alternative energy providers to potentially secure a more competitive rate.
Switch your tariff
Switching energy suppliers is a well-advised strategy to find cheaper business energy deals. Businesses could save up to 40% on their annual energy bill when we switch their tariff. Sometimes, you don't need to switch suppliers—just changing contracts can result in savings.
Electricity use is dominant in the retail sector with consumption at 72 per cent. Lighting alone makes up 25 per cent.
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Comparing Business Energy Contracts Isn't Just About Savings
Lock in Savings: Energy prices fluctuate, but renewing early could secure a competitive rate, potentially saving you substantially over the contract term.
Uninterrupted Operations: Timely renewal ensures reliable energy supply, preventing operational disruptions and delays.
Budgeting Ease: Knowing your energy costs upfront allows accurate budgeting and resource allocation, avoiding financial strain.
Go Green: Explore renewable energy options that reduce your environmental impact while aligning with sustainability goals.
Avoid Default Hikes: Missing the renewal deadline often leads to exorbitant default rates from providers, spiking your energy expenses.
Leverage Expertise: Work with energy specialists who can analyse your usage patterns and negotiate the best rates and terms on your behalf.