Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Business
    3. >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

    Published by Jessica Weisman-Pitts

    Posted on February 2, 2023

    4 min read

    Last updated: February 2, 2026

    Add as preferred source on Google
    A woman uses a smart energy meter in her kitchen to track energy consumption. This image highlights the importance of monitoring energy use in light of rising home energy prices, encouraging a return to the office for cost savings.
    Close-up of a woman measuring energy efficiency with a smart meter in a kitchen - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

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

    Subscribe

    Tags:sustainabilityenergy consumptionrenewable energybusiness services

    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.

    Frequently Asked Questions about With home energy prices soaring, offices need to prepare for an influx of workers

    1What is off-peak electricity?

    Off-peak electricity refers to the times when energy demand is low, typically during the night. Utilities often charge lower rates during these hours to encourage usage.

    2What are flexible energy solutions?

    Flexible energy solutions are strategies that allow businesses to adjust their energy consumption based on availability and cost, helping to reduce overall energy expenses.

    3
    What is demand side response (DSR)?

    Demand side response (DSR) is a method that encourages consumers to reduce or shift their electricity usage during peak demand times, helping to balance the electricity grid.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    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