For many homes and businesses, the cost of electricity is one of the largest expenses that they have. Belkin has announced a new surge protector aimed at business users that will turn off outlets and reduce standby power consumption. The product is the Conserve Surge with Timer.

According to Belkin, over half of all IT energy costs originate with desktop hardware. The Conserve Surge with Time can reduce that power consumption by providing two always on outlets and six auto off outlets. The six auto off outlets can be turned off with the press of a button.

The surge protector also has a timer that will automatically turn the six outlets off at a preset time. A blinking LED warns employees that the outlets are about to turn off. The surge protector is available now in the US and sells for $34.99.