The world has a global enemy, it is fighting known as the coronavirus, officially named COVID-19. In a matter of weeks, everyone’s personal and business life has flipped upside down because of this pandemic caused by a virus. It’s not over yet, and experts cannot even accurately predict what the future holds and how long we will be in the current, worrisome state we are in. What is clear is that just the presence of COVID-19 affects all our lives and all businesses, and a global recession is expected this year. If individuals think they have it bad by being ordered to stay home, imagine how bad it is for businesses that are losing massive amounts of money every day as this current situation continues. COVID-19 is forcing governments, businesses, industries, and individuals to work on parallel levels against it.
While we have to do what we can to protect our health and the health of others, business owners also have to think about their employees, how to manage their business, and the effects this pandemic will have on it. Concerning business energy usage, whether it’s water, electricity or gas, each one affects your business in different ways.
Here’s what you should know about your business utilities and how they will affect your business:
Access to clean water consumes energy. The first precaution we were advised to take when COVID-19 made its debut globally was to wash our hands. This is still the main precaution to take, yet staying at home has surpassed it. Nevertheless, people are still out and about and told to wash their hands after coming in contact with practically anything outdoors.
Washing your hands to stop the virus from spreading is different from how you would normally wash your hands. It needs a thorough scrub; the kind doctors do before they enter an operating room. If your office is still running, you can expect a surge in your water bills if you’re following instructions. Currently, lots of western European countries are on lockdown, with Britain being the latest to join. Only essential businesses are allowed to open in countries that are on lockdown, so based on that, your water usage will be much less than usual if your business isn’t considered essential. Essential businesses include pharmacies, grocery shops, and news agencies. Debt repayments are either being paused or reduced where needed.
Electricity usage is expected to witness drastic changes because of the number of people who have been instructed to work from home. Millions of people have been forced to work from home for the first time ever in their careers. Tasks that were usually done in the workplace are now done from home. Meetings and other sorts of collaborations are now being done from home, so it means using more electricity at home but less at work. There is a heavier demand for electricity more than the usual, and people are finding it difficult to pay their bills. Most suppliers are holding off cutoffs on delayed bill payments.
However, if you’re having trouble with your supplier or simply wish to change to a new supplier you can hop over to here and view and compare other ones. In many cases switching electricity suppliers can save you up to 40%, but you need to pay any outstanding fees or balance to your old supplier before moving on to a new one. With the onset of this current pandemic, you can find suppliers who will provide you better tax rates, better customer service, and better energy efficiency advice, and more into Green energy.
The gas sector is also being hit and losing more as more people are stuck at home and not commuting to work and other places. It’s expected that, if isolation continues for another three months, highly-industrial countries can lose about $67 billion.
It makes sense that there will be significantly less use of gas because of transportation restrictions. Unfortunately, this will dramatically affect businesses that are dependent on delivering products or depending on clients and customers to come to them.
Fortunately, water, electricity and gas suppliers usually have a disaster plan in place which is an integral part of their work. Even though coronavirus is something new to all of us, many energy suppliers are used to dealing with and managing natural disasters like hurricanes, floods, and more that disrupt the supply. These particular industries are prepared to handle worst-case scenarios because they are industries that cannot work from home. You can find extra support and reassurances from your providers for those most affected by the outbreak. Until the pandemic dies down, we all have to cooperate until our lives go back to normal.