Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > With home energy prices soaring, offices need to prepare for an influx of workers
    Business

    With home energy prices soaring, offices need to prepare for an influx of workers

    With home energy prices soaring, offices need to prepare for an influx of workers

    Published by Jessica Weisman-Pitts

    Posted on February 2, 2023

    Featured image for article about Business

    By Chantel Scheepers, Chief Executive Officer of OakTree Power

    Energy bills in the UK have been rapidly increasing in the past year, leaving many wondering what they can do to reduce the amount they are paying. With this in mind, many workers are using this as an opportunity to halt their remote working and return to the office, as a means to save money.

    Truth is, the remote working lifestyle introduced during the pandemic has become less attractive now that it has become more expensive to use energy at home. So how can facility managers monitor and keep their buildings / offices at the right temperature, whilst keeping energy bills low and employees comfortable?

    Luckily, there are several sustainable ways companies can make sure they’re responsible for their energy consumption.

    Take advantage of off-peak electricity times

    Some energy suppliers charge lower rates for electricity used at night. If your energy supplier does this, then the price of electricity will increase or decrease depending on the time it is used. It’s cheaper when demand for power is at its lowest, known as off-peak hours, generally somewhere between 10 pm and 8 am, or when there is a higher output of renewables compared to demand. The remaining time is considered the peak hours, the period when energy demand is at its highest, although the tariff changes vary from location to location. It is worth looking into this for your specific region and your specific contract terms.

    If you have a time-of-use tariff, you can take advantage of heating the building before everyone comes into the office. This way the building will already be warm and body heat takes over, rather than waiting for everyone to come in first. Facility managers and business leaders could turn the heating on between 5 am and 6 am, to get energy at a cheaper rate.

    Not all energy suppliers follow these time-of-use tariffs, with many offering fixed-rate tariffs which stay at a flat rate, regardless of the time it’s being used. Make sure you find out what tariff you have before.

    Flexible energy solutions

    With the onus being to reach net zero by 2030, many leading organisations are looking ahead for energy-saving solutions before it’s too late. As a result, ‘energy flexibility’ services have become increasingly popular in urban areas, due to their effectiveness in reducing overall energy consumption, playing a vital part in balancing the local electricity networks.

    New technology that addresses commercial buildings’ non-essential energy consumption is enabling businesses to reduce their expenditure on energy, without sacrificing performance or comfort. Demand side response (DSR), for example, is a method that is being employed to reduce non-essential energy consumption, especially in larger buildings. DSR uses flexibility within a building to balance electricity networks through aggregators that operate virtual power plants connected to National Grid or Local Distribution networks.

    During a DSR event, the ‘Box-on-the-wall’ technology interfaces with a building’s management system to instruct it to lower electricity consumption where usage can be lowered for a short window of time, with no adverse effects on the building’s environment. Therefore, a DSR event has no impact on the operational running of the building or the working conditions of the people who are in the building.

    Employing DSR generates a consistent income, with businesses receiving money for taking part, as well as benefiting from energy and carbon savings. This way, businesses can meet their energy optimisation goals, helping the country to reach its net zero targets.

    With everyone returning to the office, the responsibility is on business leaders to play their part. By following these tips, companies can ensure that they keep everyone happy in the most cost-effective way possible.

    Related Posts
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Finance teams still stuck in spreadsheets as manual processes stall digital transformation
    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Business

    Explore more articles in the Business category

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    The Hybrid Office Playbook for Financial Services: How to Design Hybrid Offices to Optimize People and Spaces

    The Hybrid Office Playbook for Financial Services: How to Design Hybrid Offices to Optimize People and Spaces

    View All Business Posts
    Previous Business PostApple’s weak iPhone sales drive first profit miss since 2016
    Next Business PostWho is your Brand in a word