Dixie: We have probably all heard the adds for Field Financial Consulting about doing it differently Animal noises etc.
Iain: Yes, I was trying to stand out from the crowd of accountants and financial advisors locally.
Dixie: Well, why are you different?
Iain: Field Financial Consulting is about business profit, cashflow improvement, success and innovation. Within these headings it is about cost savings and using technology to provide different ways of doing business.
Dixie: What are some examples of this?
Iain: Over the next couple of months I will talk about some neat cloud based software that is available but today I would like to talk about saving money on electricity and alternative energy.
Dixie: We all know how electricity has been rising in cost. How can families or business save money on electricity?
Iain: There are two components to electricity – usage and price. Within these there are many possible areas of saving.
Usage is mainly affected by the heating and cooling devices we use and how long and when we use them. Using Off Peak power, if available, is much cheaper than normal tariffs. Price can be reduced by negotiating with or changing your electricity supplier.
For larger users of electricity, there are a number of other options for reducing costs. Users with greater than 160,000 kWh fall into what is called a “contestable site”. This threshold falls to 100,000 kWh on 1st July, 2013. A contestable site is able to go to the market and obtain tender offers from multiple retailers and then enter into a commercial contract and obtain substantial savings. Field Financial Consulting works with a Melbourne based specialist in this area. A recent result for a client was a $30,000 annual decrease on a $120,000 historical spend.
Further savings can be made through the use of alternative energy sources. Solar power cells are becoming more efficient every year and with huge quantities manufactured overseas and prices dropping. Often solar is now used in conjunction with wind turbines and battery back-up. More information can be requested on our website at fieldfinancialconsulting.com.au
Dixie: That was certainly not what I expected an accountant or financial advisor to talk about.
Iain: Well at Field Financial Consulting we do it differently.
