The significance of energy-efficient appliances for businesses amid rising electricity prices

Businesses across Australia are bracing for the impact of escalating electricity prices, as the Australian Energy Regulator (AER) has announced significant price hikes of up to 25 percent from July. This applies to several regions, including NSW, southeast Queensland, and South Australia. The AER chair, Clare Savage, stated that it is the high wholesale energy costs which are driving up retail prices.

It is now even more important for businesses to recognise the value of energy efficiency. Energy efficient appliances not only help businesses reduce their electricity bills but also contribute to resource conservation and environmental sustainability.

In the US, the average convenience store power bill is 55%-70% refrigeration alone. By utilising advanced technologies and innovative features, energy-efficient refrigeration systems can significantly reduce energy waste, leading to substantial cost savings for businesses.

SKOPE is committed to providing an energy efficient solution. The use of R290 natural refrigerant in all newly developed products means a Global Warming Potential of virtually zero.

Recognising the importance of energy efficiency, the Australian government has implemented measures to support businesses in managing their electricity costs. Energy rebates, grants, and incentive programs are available to assist eligible businesses in adopting energy-efficient practices and technologies. Additionally, businesses are encouraged to explore competitive energy plans, compare rates, and negotiate favorable terms with electricity providers. Taking an active approach to procuring cost-effective energy solutions enables businesses to optimise their operational expenses.

SKOPE has developed a tool to assist in comparing refrigeration models to ensure businesses have all the information required to make an informed decision when it comes to energy efficient choices. The Energy Comparison tool can quickly and accurately compare energy consumption, energy costs per year and GEMS (Greenhouse & Energy Minimum Standards) data between commercial refrigeration models in the market.

As electricity prices continue to rise in various parts of Australia, businesses must prioritise energy efficiency to remain financially resilient. By adopting energy-saving measures and embracing energy-efficient appliances, businesses can not only mitigate the impact of rising electricity prices but also contribute to a greener future.