'Reduce business electricity bills' by limiting energy consumption

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Small companies could receive cheaper business electricity bills if measures are taken to make them more energy-efficient, it has been suggested.

Writing for Bloomberg Businessweek, Chris Lynch noted putting a price on carbon would result in the need of new incentives for utilities to make investments to become more environmentally-friendly.

The expert observed small firms could reduce their energy consumption by 20 to 30 per cent by rapidly deploying existing green technology.

" Small businesses stand to benefit the most from the savings that energy efficiency can provide," he explained.

Mr Lynch remarked enterprises of slighter stature deserve special attention because they face the largest rates for natural gas and electricity.

They pay electricity costs as much as 30 to 52 per cent greater than larger entities in the commercial and industrial sectors, he added.

Car manufacturer Toyota recently revealed it is hoping to develop an eco scheme for its showrooms in an effort to reduce its carbon footprint.

Posted by Jim Tidy

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