10 Tips for the Cheapest Business Energy
- Author Shea Karssing
- Published September 28, 2018
- Word count 618
With energy prices on the rise, businesses are seeking out the cheapest business energy deals to mitigate the effects of recent energy price hikes.
There are two main elements to your business energy bill - your consumption data and your energy contract rates; getting the most cost-effective business energy means looking for reductions in both.
Sourcing the best business energy contract
Tip #1 - Switch suppliers
Lowering your business energy bill starts with ensuring that the energy contract you are on is best-suited to your business needs and budget. This could mean that you'll need to switch suppliers to secure a better, more cost-effective energy deal.
Tip #2 - Keep an eye on contract end-dates
Monitor your energy contract end date so that you can terminate an existing contract and move onto a cheaper energy deal. Even if you'd like to stay with your existing supplier, you'll need to renegotiate your contract deal to avoid been rolled over onto expensive out-of-contract rates.
Tip #3 - Compare quotes accurately
When shopping the market and comparing energy quotes, there are two different charges to take into consideration:
The actual unit cost of gas and electricity - dependant on your consumption, varying every month according to how much gas and electricity your business has used.
The supplier's standing charge - a set amount charged every month.
Both need to be taken into account when you compare supplier quotes to find the best business energy deal. Sometimes, lower energy unit prices are offset by the supplier with a higher standing charge.
Tip #4 - use an energy broker
If the process of obtaining and comparing quotes sounds complex and time-consuming, you may wish to consider using the services of an energy broker who knows the energy industry, can assess your energy needs, negotiate with suppliers on your behalf, and can do the hard work for you to find cheaper energy costs.
Reducing energy consumption
Getting the cheapest business energy is not only about getting the best deal; the most effective strategies also involve implementing short- and long-term energy efficiencies to reduce energy consumption.
Tip #5 - Go green
Invest in renewable sources such as wind turbines or solar panels. You'll receive payments from the government's business feed-in tariffs as well as reduce your reliance on traditional fuels sources.
Tip #6 - Consult the experts
Your energy supplier or your business energy broker has a team of energy experts on hand who will be able to suggest ways for your business to reduce its energy consumption.
Tip #7 - Get a smart meter
Install a free smart meter (issued by your energy supplier) so that you can collect and analyse accurate data about your energy consumption and implement energy-efficient measures as a result.
Tip #8 - Switch to energy-efficient lighting
In the last few years, LED lighting has improved in quality and reduced in price. Not only do LED bulbs last longer than traditional halogen lighting, but their energy consumption is almost negligible.
Tip #9 - Get the team involved
Encourage your employees to practice energy-efficiency, such as turning off lights and other electronic equipment when not in use. This is simple to implement but can yield significant results.
Tip #10 - Keep your cool
Heating and cooling costs typically form a large portion of a business' energy bill. The cheapest business energy can be achieved by taking proactive measures to monitor and maintain temperature controls. Consider insulation or double-glazing to keep inside temperature more consistent, and turn down the thermostat by a few degrees if you can.
By sourcing the best energy contract and reducing your energy consumption, you save on business energy, save money on your energy bills, and channel more funds into the areas of your business that drive profitability.
Contact Smarter Business for expert assistance with your energy contract, metering solutions, and effective energy analysis and portfolio management: https://smarterbusiness.co.uk/
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- “Shadowland: The Tragic Ordeal of Frances Farmer and the Machinery That Broke Her.”
- “Glenn Ford: Hollywood’s Reluctant Heartthrob Who Played by His Own Rules.”
- “From Navy Tough Guy to Hollywood Everyman: The Life and Legacy of Ernest Borgnine.”
- Nancy Meyers-Inspired Kitchen: California Casual with Vintage Carved Door Charm
- Yellowstone-Inspired Ranch Farmhouse Style: Rugged Elegance with Rustic Antique Doors
- Used Master Prime Inspection: 5 Critical Checks to Avoid Refurbished Scams
- Staying Charged: A Guide to Electrolyte Balance for Health and Exercise
- Creating a Profitable Business with PLR Planners and Printables
- How to Spend 48 Hours in Cape Town: A Quick Itinerary
- “Wounds That Time Couldn’t Heal: Watching The Best Years of Our Lives Through the Lens of Memory and Mourning.”
- Understanding an ACL Tear
- Top 5 Funniest Gag Gifts for Your Best Friend
- Why Second Hand Pianos for Sale Are a Smart Investment
- Finding the Right Piano Shop Near Me: A Guide to Second Hand Pianos
- “Mira Sorvino: From Oscar Glory to Hollywood Silence.”
- Ireland Sino Institute Launches 2025 China Internship Program
- “Beyond the Spotlight: The Rise and Fall of Dorothy Dandridge.”
- “Through the Mist of Venice: Revisiting Don’t Look Now and Its Haunting Grip on Grief.”
- The Art of Coaching: Cultivating Growth and Inspiration
- Creating a Holistic Backyard Retreat: Old World Elegance Meets Nature
- Understanding T1 and T2 Transit Documents in EU: Your Complete Guide
- Cryptonews.money: Your Ultimate Guide to Understanding Cryptocurrency
- 15 Basketball Dribbling Games and Passing Drills for Better Ball Handling
- Transdermal Progesterone Cream: Benefits for Hot Flashes and Menopause Symptoms
- Tepezcohuite: The Ancient Skin Health Secret You Need to Know
- Quiet Cars and Busy Calendars: The Overlooked Role of Chauffeurs in Post-July Corporate Travel
- 1031 Exchange
- Breaking Karmic Cycles, Creating a Shiva Altar with Deity Carvings and Sculptures from Mogul Interior
- The Art of Whimsical Carved Wall Art & Eclectic Décor
- “Hellfire and Heresy: Ken Russell’s The Devils and the Fury of Sacred Cinema.”