Best Ways for Companies to Conserve Oil throughout the year
Best Ways for Companies to Conserve Oil throughout the year
There is no hiding from the reality that energy costs are increasing around the world, which is making the cost of living even higher. It’s not just people struggling to adapt to the increase in cost, as businesses are having to change their behaviour too.
With an announced 54% rise in the default tariff cap in the UK for April 2022, businesses will begin feeling the pinch of the energy crisis when negotiating new deals. That’s why it’s vital they find ways to conserve their oil use throughout the year.
Alternative energy methods
One of the best ways to reduce your oil consumption is to look at alternative heating and energy production methods to bolster your existing setup. Solar energy is one of the most common green energy solutions that yield results for all.
Introducing solar panels that generate heat from the sun can result in an energy surplus which can be sold back to the grid. Returns of 12 to 15% are possible from solar rooftop projects alone.
If your business has acres of land then installing rows of solar panels is an option, as are wind turbines. Allowing a company to generate and farm energy that acts as additional revenue. Another option is geothermal or ground source heat pumps, which collect low-level energy and store it for heating or cooling.
Turning thermostats down a degree
It may seem obvious but one of the best ways to conserve oil is to turn your thermostat down a degree, or more if you’re comfortable with it. Lowering the thermostat by one degree can reduce your heating bill by 10%.
Naturally, heating at a higher temperature uses more energy but thermostats are often inefficient as they can be inaccurate. Having an engineer check the accuracy of your thermostat ensures that your company uses less heating oil as everything is working in perfect harmony.
Buy oil in the summer
Without extenuating circumstances, like a military conflict or global pandemic, oil prices generally follow a trend. People need to use energy to heat their buildings, businesses and homes more in the winter than in the summer.
As a result, the price of oil tends to dip during the warmer months, making it the perfect time to stock up and fill your oil tanks as much as possible. Additionally, the more you buy in one order, the better rate you get.
Upgrade your boiler
Old boilers are not efficient and cost your company more because they require more energy to heat. Boilers that aren’t serviced regularly or are outdated build up deposits of sludge that clog the system, increasing costs and reducing efficiency. New boilers can offer the same levels of heat production but at a more efficient rate.
Similarly, regularly serviced and maintained boilers can offer greater cost-effectiveness than one that is left too long without being checked by an engineer. Modern boilers also fail much less often than older ones, and therefore require less running and repairs costs.