Tag Archives: Fidelity Energy

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.

Fidelity Smashes Through Billion Barrier

A material contract secured by Fidelity Energy last month has taken the company over the one billion kilowatt of energy under management milestone just three years after launch.

Under the leadership of Managing Director John Haw, the energy service company set up in 2015 now has 1.2 billion kilowatts under management spread across its 259 channel partners, who secure ongoing monthly revenues from the deals they have won.

John Haw, Managing Director said “This milestone really highlights the growth that the channel is seeing in energy, utilising our portal, systems and back office team. The team has worked extremely hard to build our automated platform for businesses, that allows partners to find the best deal possible in the market for their customers.

“We recently won a TELCA Award as the Best Consultancy in the London and the South East, again marking just how far the business has come in three years.”

Beacon School

The Beacon School had been procuring energy through multiple suppliers for some years. Not proactively managed this had left the school with numerous contracts, differing end dates and management issues relating to their energy bills. Renewals had been missed on a number of occasions and this had resulted in them incurring unnecessary costs on “out of contract rates” imposed by the suppliers.

Keen to get a grip of their energy procurement, costs and management they engaged Fidelity Energy.

We went to our suppliers looking to streamline the school’s supply contracts. Our overall aim was to simplify the way the school was billed for their energy. At the time, the market was on the rise, so, being proactive we looked to buy at a long-term locked-in price to secure the price.

This would provide the school with budget certainty for a significant period and prevent their bills from being effected by future energy price rises.

With Fidelity Energy’s market expertise and skilled team it didn’t take long to identify the best deal for the school. The end result was to deliver a single supplier for each gas and electricity contract, with co-terminus end dates. Meaning that renewals were simple and the price was locked in.

This left the school with the peace of mind that their energy costs were set for the foreseeable future and they could allocate the savings to other resources. Fidelity continues to supply proactive energy management to the school, ensuring long-term good energy management.

They said:

Jim Sanderson

Facilities Manager

From the start Fidelity Energy were engaging and understood our requirements as a school very quickly. The solution has allowed focus to remain on my day to day in the knowledge the school’s energy procurement is in safe hands. The process was very simple and efficient and would recommend their services from my own experience