Solutions to the Energy Crisis: What Can Be Done
The energy crisis isn't just going to go away on its own. But there are energy crisis solutions available to ease the pressure and improve our situation. Some of these solutions require collaboration on a national scale, while others can be implemented by business owners right now.
We'll start with solutions on the national level. To improve energy security and stabilise prices, investment in better infrastructure is critical. Upgrading the electricity grid, expanding battery storage, and ensuring a stable domestic gas supply would reduce price volatility.
Similarly, increased government incentives for businesses—such as subsidies for solar and efficiency upgrades - would further ease financial pressure on industries hit hardest by rising costs.
What Can Businesses Do About the Energy Crisis?
Large-scale reforms will take time, but we know businesses can't afford to wait. So, if you're looking to cut down on your energy bills right now, here are some effective strategies to consider:
Reduce grid reliance by investing in solar
Less grid reliance means less susceptibility to energy price increases. It's as simple as that. But with government incentives and subsidies available across a variety of different industries, installing solar is more affordable than ever. Businesses can explore tailored options through commercial solar and solar for small businesses.
Secure Better Energy Contracts Through Procurement
Many businesses are stuck on default market rates, overpaying for their energy. By using expert procurement strategies, businesses can negotiate lower rates, better contract terms, and access group tenders to secure wholesale pricing. Energy procurement for small businesses ensures competitive rates, while commercial energy procurement provides tailored solutions for the needs of larger enterprises.
The energy crisis continues to be a challenge for Australian businesses, but that doesn't mean they have to take it lying down. If you're looking to save on your energy bill, get in touch with Choice Energy for a free energy assessment today.