Government research has found that the majority of SMEs who participated in the Energy Savings Opportunity Scheme (ESOS) audit saved over £200 over the course of a year.
The scheme advises small and medium-sized businesses on energy efficiency and identifies ways in which the organisations can save money and reduce energy consumption.
Figures show that 69% of large companies have carried out Energy Saving audits compared to only 9% of SMEs.
While only 4% of those SMEs who had never had an audit conducted had ever thought of doing so.
Around 80% of SMEs who conducted an audit made a change in their practices, with over 60% carrying out energy efficiency procedures.
The most popular energy efficiency measures undertaken were new lighting (58%), more efficient heating (50%) and additional building insulation (46%).