Why Switch your Business Energy?
Switching to a better energy deal is an option that every business owner can explore as a means to cut the cost of their bills, but the reality is that many don’t.
One of the main reasons for this is the belief that switching supplier is a long, difficult process - it's a common misconception, and it's one that results in many business owners paying over the odds for their energy.
There can be a number of benefits, beyond the obvious financial ones, to taking control of your business’s gas and electricity contracts – we've explored the main ones below.
Reducing Business Energy Bills
The most noticeable benefit to switching your business’s energy contracts is the fact that you could save money. The unfortunate truth of the matter is that many businesses are currently over paying – often by as much as 30% – for their gas and electricity. With a simple switch, there’s a good chance that you could save, boosting your bottom line and freeing-up funds to spend elsewhere in your business.
Monitoring Business Energy Consumption
When you switch to a different energy supplier, you may have the opportunity to install a smart meter. Smart meters have a number of features that can help you to better manage your business’s energy usage and spend, including:
- A display of real-time usage data
- The ability to send usage data directly to suppliers.
Getting the Best Deal for your Business
When it comes to switching your business’s energy contracts, it’s important to remember that you shouldn’t just be searching for the cheapest deal, but rather the one that best suits your business’s needs.
As all businesses are different, it stands to reason that their energy needs will be different too. For instance, consider the energy contract of a manufacturer with 100 employees, compared to a family-run florist. The manufacturer may be able to negotiate a contract with a cheaper price per kilowatt-hour, due to the fact that it consumes more energy overall. However, the florist’s small size may mean it’s able to agree a contract that lasts for just one year, offering the flexibility to switch and save more frequently.
The bottom line is that you should be looking to arrange business energy contracts that reflect the needs and consumption habits of your business. While price is going to be a key factor in your decision-making, it’s important to remember that it’s not the only one. You may find that enlisting the help of a trusted business energy broker helps you to achieve this balance, and find the business energy contracts that are right for you.
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