The electricity prices will be increasing by 40% by 2020 according to economist Ross Garnaut's greenhouse target. The Garnaut Review predicts that electricity prices in the first few years following the introduction of the emissions trading scheme to be around 40 percent higher than would have been otherwise. Considering that the electricity bill makes up a large proportion of business costs, this will translate into very real reductions in profit margins. Increase in the electricity prices will also be affecting the profits.
To counteract the inevitable energy price rise, Energy Efficiency Audits are being conducted up and down the country in preparation for the electricity price hike. Business and industry are thinking of reducing the electricity usage. Energy Efficiency Audits reveal exactly how much electricity businesses don’t realise they are wasting, and exactly how much money they can save by reducing electricity use.
From the environmental angle, an energy efficiency audit also reduces the carbon footprint because most of the carbon emissions in a typical business are a result of the electricity usage. The Energy Efficiency Audit can reduce the electricity use as well as reduce carbon emissions at the same time. Australian Energy Consultants have the ability to conduct Energy Efficiency Audits for all types of businesses such as corporate offices, industrial sites, hotels and schools. Australian Energy Consultants have saved clients up to 30% saving on their electricity bills.