Commercial Electricity for Banks in Ohio

November 1st, 2015

Do you manage a regional or local bank in Ohio? For banks, budgeting can be a day to day operation and can get tricky with inflating costs. There are many costs that you may not have much control over; however, you can have control over how much you pay for electricity.

In an average office building, 19 percent of total expenditures goes to commercial energy (source). With deregulation laws in Ohio, you can reduce this number by first understanding how your bank uses electricity and switching to an electrical provider that you can afford. Keep reading for more information on commercial electricity for banks and how you can save each month on your bill!

How Banks in Ohio Use Electricity

If you make a list of all the items in your bank that use electricity, you may be surprised. Many of your daily operating electronics all use electricity, including:

  • Alarm systems
  • Security cameras
  • Computers
  • Digital signage
  • Lighting
  • Drive-thru intercom system
  • ATMs
  • Heating and cooling systems
  • And more!

In reality, a modern bank needs many of these electrical devices to keep operations flowing and secure; however, there are several ways in which you can monitor your electricity use to conserve energy.

Conserve Energy in Your Bank

Preserving electricity in a bank may be difficult. Having 24/7 surveillance videos and security systems requires constant electric; however, there are several ways to conserve energy.

  1. Turn off computers, fax machines, and printers at night.
  2. After hours, turn up/down your thermostat to preserve your HVAC system running all night.
  3. Install motion sensors in back rooms that are not often used.
  4. Install LED lighting throughout your bank.

In addition to conserving electricity at your bank, look into switching energy providers to help you save. Deregulation laws in Ohio allow business owners like yourself to shop around for electricity. This ability creates competition among service providers and lower prices for bank owners.

Electricity Supplier for Banks in Ohio

If you are looking for an electricity supplier for your bank, UGI EnergyLink is here to help. For over 127 years, we have helped banks and other financial establishments take control of their electricity costs. As a result of deregulation, UGI EnergyLink is able to offer commercial electric customers two pricing options: fixed pricing and variable rate pricing.

Fixed Pricing

Our fixed pricing option allows commercial electric customers to pay a consistent price for their entire contract.

Variable Pricing

The variable rate option allows bank owners to accept the risk of market pricing. Wholesale market conditions will dictate if rates increase or decrease.

Switch to UGI EnergyLink

If you want to take control of your commercial electricity bill, switch to UGI EnergyLink. We offer commercial electric in Ohio as well as the northeastern region of the United States. Our enrollment form is easy! Contact us today if you would like to know how much your bank could save on electric!