Electricity bill typically forms 5% to 20% of business cost depending on the nature of operation. Business owners are constantly looking to maximise savings. However, there are a myriad of price plans offered in market that might feel a little overwhelming. So how do you choose the right plan for your business?
From big established brands like McDonald’s and KFC to local favorites such as Pastamania, energy use is a big factor that affects the bottom line of any fast-food outlet. When it comes to energy, it is actually a fixed cost that is necessary for the operation of your business unlike variable costs such as labor and ingredients.
If you are running a fast food business, controlling your energy use and taking steps to manage this cost can help your outlet with significant savings every single month, savings that quickly add up.
How To Save On Your Electric Bill
You probably know by now that the electricity tariff has been increased by yet another 6.9% for the next 3 months from July to September!
It doesn’t seem much at first glance but how exactly will this change affect families and households? The key question here is how as ordinary Singaporeans can stay one step ahead and save as much as possible on our electric bills?
Secure Electricity Savings On Your Common Area With DAS (Demand Aggregation Scheme).
One of the biggest operating cost of any MCST is the electricity needed to keep the common areas running for the tenants and residents. For condominiums the common area facilities such as clubhouses, swimming pools and corridor lighting, as well as the air-conditioning and elevators for malls & office buildings, require constant electricity to function, adding substantially to the management cost of running the property.
Flip a switch and it’s there for you – electricity is a core necessity in our lives and as a result, we often just pay our electric bill without much thought…until electricity tariff suddenly goes up without us knowing! The thing is, most of our household electric consumption tends to stay relatively constant over a long period of time and the moment we see an increase in our bill, blaming the retailers, electricity generators or even the government seems to be the knee-jerk reaction. However, that isn’t always true and there is a factor that dictates how high or low your electric bill will be: the oil price. Huh? What does the oil price have to do with our utility bill? Quite a lot in fact!
iSwitch Received Recognition at SGX Electricity Futures 2nd Anniversary Celebration
Electricity Market News
Singapore Manufacturing Federation
Issue 3 2016
Published Oct 2016
Electricity consumption is inevitable when operating a business; it is definitely an area that any management would be looking into towards cost reduction. And that is iSwitch’s goal: to help businesses reduce on their energy costs.
Stacy Gan, Sales Manager at iSwitch said, “While a company can adopt energy-saving methods to reduce energy consumption, there are also alternative and more competitive pricing options available in the market to reduce cost more effectively. We are proud to be working with SMF to offer low cost electricity plans.” Read more
Energy and Technology
APAC CIO Outlook
Published 15 Sep 2016
By Andrew Koscharsky, General Manager, Wholesale and Trading, iSwitch and Director, Energy, RCMA Group