Save Your Business Utility Budget
Raising utility prices can hurt your business’ bottom line. You absolutely must find ways to save money in this category. You can make sure your business uses the utilities it must access wisely. By making physical changes to the business utility budget for the building and inspecting your company’s energy usage, you can save money and start to green your business.
Creating a Secure Envelope
By inspecting your building’s envelope, you will be able to clearly see energy loss or waste. One huge point of loss is in the warehouse area. Any point of loading or unloading, with the corresponding huge doors, creates a potential energy vacuum.
Having the correct kind of doors, with a quick operating system, will minimize heat and cooling losses.. One option is high speed overhead rubber doors. These doors provide a better seal than the old-fashioned aluminum doors. They can protect against a wide range of temperatures and raise quickly to allow smooth transitions.
You will also want to make sure your windows are all secure. Older, drafty windows with blown seals are as bad as simply leaving a window open. They let in the cold air in winter and the hot air in summer. Simply caulking around some windows will solve the issue. Others may need to be replaced.
Utility is an important concept in economics and game theory, because it represents satisfaction experienced by the consumer of a good. A good is something that satisfies human wants. Since one cannot directly measure benefit, satisfaction or happiness from a good or service, economists instead have devised ways of representing and measuring utility in terms of economic choices that can be measured.
Economists have attempted to perfect highly abstract methods of comparing utilities by observing and calculating economic choices. In the simplest sense, economists consider utility to be revealed in people’s willingness to pay different amounts for different goods.
Find Sources of Energy Loss
Even if your business is a relatively clean place, dirt and dust can reduce the light given off by lamps as much as 15% each year. Simply cleaning the bulbs and fixtures with a dry cloth eliminates that loss. Additionally, this cleaning gives an opportunity to replace the traditional bulb with an LED variety bulb. This bulb will last much longer and use only a fraction of the energy needed by a traditional bulb.
If you are finding that your company’s building is experiencing a lot of heat from the summer sun, you can install window film. This will reduce that solar heat gain. The film can also cut down on glare, but does reduce the amount of available daylight.
Vampire Energy
Some people don’t realize that when an electronic device is standing at the ready, it is still using electricity. Businesses can reduce their energy costs by simply asking employees to change the settings on their computers to go to sleep automatically if they are inactive for 30.
Utility is usually applied by economists in such constructs as the indifference curve, which plot the combination of commodities that an individual or a society would accept to maintain a given level of satisfaction. Utility and indifference curves are used by economists to understand the underpinnings of demand curves, which are half of the supply and demand analysis that is used to analyze the workings of goods markets.
Also, if employees would power them completely down when they are leaving for the night, they will save lots of energy. Printers and copiers should also be turned off. This alone can save from $50 to $150 per device. Make sure your employees understand that screen savers don’t save energy. They simply protect the screen’s inner workings. In order to save energy, the computer’s screen has to be black.
Category: Business
