With a sharp jump in natural gas pricing and no relief in sight, TPI is urging our clients to investigate lowering their natural gas expenses as soon as possible.
Since 2016, Natural Gas has been the primary source of Power Generation in the United States, surpassing coal-fired power plants for the title.
That means Power and Natural Gas procurement strategies have become increasingly complex and essential— combining the two decisions with one consultant is critical.
Your TPI consultant will encourage you to leverage your buying power and aligns strategies across commodities.
As we dive into our suggestions for saving on your natural gas bill, be aware that both minor and massive actions can have lasting effects across the coming cold weather months.
Start with an energy audit
TPI’s energy audit will allow our fiscal consultants to take a deep dive into your business usage. And it will enable us to consult with you about ways to increase your efficiency within the natural gas marketplace. It’s a business triage approach; we will identify immediate, impactful, turnkey solutions, such as a revised natural gas utility contract.
Maintain your HVAC Equipment
According to the Building Efficiency Initiative, effective HVAC maintenance can reduce energy costs by between 5% and 40% depending on the system.
Look into establishing a preventative maintenance schedule to keep your HVAC operating efficiently. And, as a bonus, you’ll also extend the life of your equipment.
Install Programmable Thermostats
Programmable thermostats allow you to schedule temperature changes during specific times, such as at the end of the workday.
Adjust the Temperature
Adjusting your building’s temperature is a simple way to help your business save on natural gas costs.
During business hours in the winter, set the thermostat to 68 degrees. After work hours, adjust the temperature to 60-65 degrees.
If your employees are comfortable with a temperature increase, set the thermostat to 78 degrees during business hours during the summer. After work hours, adjust the temperature to 85 degrees.
Even minor adjustments, like raising or lowering your thermostat just one degree in the winter, can help you save up to 3% on your natural gas bills.
Clear Air Vents & Change Filters
According to the National Air Duct Cleaners Association, air vent contamination can force your heating and cooling system to work harder to maintain the temperatures you require in your building. Clean vents improve efficiency!
Purchase Energy-Saving Equipment
Look for a light blue ENERGY STAR® label. As a government-backed agency, ENERGY STAR provides credible information to help businesses find and select energy-efficient products.
Fix Your Drafts
Depending on your building’s age and construction, you may be losing precious energy via drafts.
Windows, doors, and walls are common causes for drafts, especially in older buildings. Your maintenance team can address them with weather stripping and caulking, window films, and additional insulation.
Make Sure You Have the Right Natural Gas Supplier Contract
To maximize your purchasing strategy, TPI monitors the dynamic and ever-changing natural gas market and advises your business on the best product, terms, price, and time to buy.
Recent developments in the natural gas supply chain and seasonal market volatility indicate that now is the time to revisit your purchasing strategy.
Your TPI Energy Consultant will provide curated, vendor-neutral solutions across your operating arms when you’re ready to optimize your financial health beyond natural gas.
TPI Natural Gas Procurement Services Include:
- Strategic Planning
- Vendor Sourcing
- Contract Negotiation
- Utility Distribution Program Comparison
- Market Monitoring and Updates
Ready For Your Energy Audit?
TPI’s energy procurement experts will guide you to the best fit to strengthen your business and its energy budget, assist in scaling your growth as your energy demands expand, keeping your goals top of mind.
