The Carbon Trust has initiated a campaign intended to reduce business energy costs in the UK by £1 million every day.
Companies across the UK are being encouraged to take measures to improve their energy efficiency and contribute to a wider push to access cheap business energy.
Supported by the government and a range of high-profile businesses and entrepreneurs, the One Million A Day plan will attempt to get businesses to save 20 per cent on their energy bills by installing insulation, energy-efficient lights and adopting a variety of additional measures.
Tom Delay, chief executive of the Carbon Trust said: "As UK companies look for strategies to weather the recession it makes business sense to join the Carbon Trust campaign to cut costs by cutting carbon."
Small and medium-sized enterprises, which may be more vulnerable to current economic conditions, could be eligible to an interest-free loan of up to £200,000 to help pursue lower business energy costs.
The government has committed to energy efficiency as a way of tackling price rises from energy suppliers.
If you want to find out more about business energy and how you could save up to 50 per cent on your business energy bills, click here.