Tag Archives: Energy savings

How Much Money is Your Business Losing Through Wasted Energy?

Do you know how much energy is being wasted by the main appliances and electronic devices your business uses? You probably have no idea that some alterations can help you save hundreds or even thousands of pounds each year.

Let start off with some math to work out the amount of energy and money your business could be potentially wasting.

A kilowatt-hour (kWh) is the unit of measurement we will use; if an appliance’s energy usage is measured at 1kWh it basically means it uses 1,000 watts in one hour. One kWh will typically cost around 15 pence. Now let’s look at some devices we have in the office and how much money is wasted.

Man in officeLaptop/Computers
Every workplace will have computers in use for most of the working day and in some cases, they will be on for 24/7.

A desktop computer that is idling will typically use about 100 watts (tower and monitor combined) which is 0.1 kWh – 1.5 pence. Let’s say you’re away from your desk for lunch, meetings etc. for three hours per day so your computer isn’t in use. Now we can use this information to work out how much money is wasted for any period of time:

1.5 pence x 3 hours = 4.5 pence/day.

That amount doesn’t sound like much, but you have more than one computer in the office. Let’s say you have 50 in your business each idling for three hours a day:

(4.5 pence x 50 PCs) x 260 days = £585 per annum (based on a 5-day week 52 weeks per year).

Light Bulbs Lighting
Now we can take a look at your company’s lighting, using the same calculation:

A light bulb typically uses 60w of electricity when on, which is 0.06 kWh, or 0.90 pence per hour.

Let’s say that again your lighting is on for three hours unnecessarily, then for every 50 light bulbs you are wasting:

(2.7 pence x 50 light bulbs) x 260 days = £351.00 per annum.

Old Appliances
Did you know that even if you switch off an appliance it will still use energy if plugged into a switched on plug socket?

These ‘Vampire’ appliances add on average 14 percent to annual domestic electricity bills according to the Energy Saving Trust, costing UK households nearly £1bn in wasted money. This problem can also affect businesses.

Fidelity Energy - Reducing Energy Usage in the Office

If you have TVs, laptops, desktop computers, printers and phone chargers that are not in use in the office make sure to switch them off and unplug them, this will save your business money.

Being mindful of the above could potentially see hundreds of pounds knocked off your business energy bills. Still want to know how you can reduce your carbon and reduce your business energy costs? Read our useful seven simple steps to cut your business’s carbon emissions, save energy and money blog.

Kia Oval

The Kia Oval is the home ground of Surrey Cricket Club and is a world-famous international Cricket venue.

They had been with their energy broker for some twelve years before coming to Fidelity Energy. Having been dissatisfied with the level of service, pro-activity and investment into the partnership of their previous broker, Fidelity Energy was their first port of call.

Due to the size and usage of the stadium, their energy costs were extremely high and had been creeping up for some time. They had become aware that, at the time, oil prices were at a 10-year low and felt that they were not receiving the benefit of that low price.

We began by scouring the market for a solution that would fit them. Most paramount was lowering energy costs and ensuring they were kept low for as long as possible. Therefore, we focused on looking at ‘future prices’ of energy so we could find the best fit.

What we were able to supply was a procurement selection process that resulted in a five-year fixed price for their energy prices.

This saved the Kia Oval over £97,000 on their energy bills across the term of the contract.

This contract started in November 2016, the same percentage saving in today’s market would be closer to the £250,000 mark. A massive chunk of costs to wipe off any company’s bottom line.

They said:

Scott Carey

Operations Director, KIA Oval

Fidelity Energy took control of our energy procurement requirements from start to finish and have provided an exemplary standard of service from the outset. We have been extremely impressed with the professional approach that Fidelity Energy have adopted during the tender process. Their forward-thinking approach throughout has not only resulted in significant savings for The Kia Oval over our new gas and electricity contracts, but has also given us the confidence that we are now paying the most competitive tariff available. I would have no hesitation in recommending Fidelity Energy as a first class ‘energy partner’ for any business interested in keeping energy related expenditure under control.

Evolve Housing Support

Evolve Housing & Support had a portfolio of over 60 gas and electricity supplies, across 10 different suppliers and 7 contract end dates – Some sites on OOC rates and a mixture of NHH and HH meters. The portfolio was not being managed proactively, bills were not verified and Evolve struggled to keep track of all the contracts resulting in many falling onto contract out of contract rates, some on deemed rates and they were still paying for sites they had disposed of.
We carried out a full audit report of the estate, contacted all suppliers and collated the portfolio information. Using our portal to automate the production of the 51 NHH quotes and tendered 17 HH meters with 14 suppliers.  On a face to face basis, we then explained to Evolve the options, offered a structured Co-Terminus common contract end date agreements, consolidated billing across 2 suppliers, one for gas and one electricity.
Moreover, by proactively monitoring the markets and suggesting the right time to buy Evolve have now extended the contracts and locked in pricing avoiding the recent market highs. We carry out all move adds and changes and recently helped them consolidate with Grenfell Housing Association.
They said:

Alison McGibbon

Corporate Services Manager 

Fidelity Energy was excellent to work with.  Kelly, in particular, dealt with all our queries and concerns in a very efficient and knowledgeable manner.   She was able to source, very quickly, all the detailed reference information required, ensuring the transition went very smoothly.  All resulting in considerable savings and with vastly simplified account information.