Retailers worry about energy costs, and no wonder. In the UK, the retail industry spends more on energy than any other commercial sector. But if you lease your building, or run a large enterprise what can you do?
If you run a small, medium-sized or large store or chain, you know all too well the lost time and operational hassles that come with energy-related problems. The classic boiler fails in winter? You have to get to the store, deal with the crisis, possibly close the store and lose business. Just as bad, you have to pay a premium for emergency repairs. For any retail business selling perishables like grocery stores and restaurants—the amount of revenue lost quickly adds up and in some cases, you can be out of business for days loosing thousands of pounds.
The cost of these problems doesn’t show up on your balance sheet as energy costs, but they should. HVAC thermostat or equipment failures in ovens, freezers and boilers can lead to problems such as:
These problems largely disappear with building automation systems, especially if you invest a little more in building management software for monitoring and reporting, which is exactly what we do here at Next. With this software, you can see when equipment is losing efficiency and performance before it fails, saving a great deal of time and hassles, not to mention store closings. With today’s smart apps, you can also check on store conditions any time you want and stay on top of energy issues. We make a better experience for the shopper and the shop owner.