As we face steep rises in electricity prices, managing energy use plays an increasingly important role in business operations. Aware of the rising costs and impact on the environment, we decided to engage Assurance Consulting to undertake an energy audit/assessment of our site. Our goal was to identify energy savings, but more importantly, reduce our carbon footprint. In an effort to do our part and contribute to preserving the environment any way that we can for future generations, we’ve made some changes to the business that we’re proud of.
The outcome of the audit was suggestions to make cost-effective recommendations. The on-site survey analysis indicated electrical usage data of 129,104 kWh per annum. The total electricity costs for this period came to a total of $46,019 with an average monthly spend of $3,835. Our site’s greenhouse gas emissions represented 102 tonnes of carbon dioxide released per year. Something had to be done.
By taking action and implementing the integrated recommendation, Assurance Consulting estimated Reid Industrial’s new annual electricity bill to be approximately $12,537, down from $46,019 for the first year – with the predicted savings increasing as future price rises occur. This involved replacing the majority of Reid Industrial’s existing lighting with high quality LED technology, implementation of an on-site generated renewable energy power source – solar panels. We’re excited about this change and reducing our Carbon Footprint.