Why You Need To Shop Around For The Best Business Energy Deals
By now, we’re quite accustomed to the idea that switching providers for our household energy can save us money, but it hasn’t quite transitioned into business energy renewals. There seems to be an acceptance that energy bills are what they are, and they’re an expense you just have to put up with.
Business energy consumption can be on such a large scale, and so complicated that it’s just not worth investing time and energy into finding a better deal, or so the logic goes. However, finding the right energy deal for your business doesn’t have to be complicated and you can change providers without a big hassle and save yourself a lot of money.
What Influences Business Energy Prices?
There are many aspects that influence the prices you are paying for your energy. Energy prices can go up and down significantly based on demand on the network. So, if your business is using lots of energy at a time when there is a high demand, you’re going to be paying more than when demand is low, as it is in the middle of the night.
Different areas and providers also have different rates which can impact just how much your business pays, and of course the rate at which your business uses energy.
All of these aspects mean that finding savings on your energy bills can be complicated, but when you’re working with experts, they take all the hard work out of it for you.
When your contract comes to an end with your current provider, you’ll normally get notice that your policy is about to renew and details of your new price. Many companies allow their contracts to auto renew because it’s fast, and they don’t have to do any work, they just let it roll over and continue as if nothing has changed.
The energy companies rely on the fact that auto renewing is convenient, and it allows them, in many cases, to offer you a less competitive rate. If they know you’re not actively looking at the market, then they can increase your energy bill year on year, and as long as the price isn’t too ridiculous, they know you’re going to keep on paying it.
As James Longley, MD at Utility Bidder states though, “the price of gas (and other energy) has, and will, continue to fluctuate dramatically.” This means your bills shouldn’t just go up and up.
You Can Save Money
Businesses are always looking to save money by improving processes and becoming more efficient, but when it comes to one of their big expenses, energy, that all seems to go out the window. It’s often seen that it’s easier to just stick with the status-quo and keep paying big bills.
Finding the right provider can earn you significant financial savings though, that will make a difference on your balance sheets. Finding a quote is easy, and it’s not the only step you can take to find savings on your energy bills.
There’s lots of different technology out there that’s designed to help businesses improve their energy efficiency and bring their bills down. Consuming energy is expensive, and technology such as Building Energy Management Systems can make sure your business consumes energy more efficiently.
Business energy is a big expense, but that only means there’s plenty of room for savings, if you’re willing to take a look at it in more detail.
You don’t have to spend lots of man hours looking into your energy consumption and finding cheaper quotes. There are expert services in business energy who can find savings for you without you having to do any work at all.
Your business needs to spend its resources doing the things it’s good at, not focussing on how it uses basic resources. However, that doesn’t mean the way your business uses those resources isn’t important. It just means it’s easier to outsource those aspects to other professionals who know how to find you a better deal.
Many businesses fail to find the best business energy deals because they think the hassle is not worth the benefits. In the past, this may have been true; it was easier to just let your contract auto renew, but that’s certainly not the case today.
If your contract is coming up for renewal, then rather than just letting it auto renew without a second thought, take a few minutes to find out if you could be getting a better deal, and you might just find you could be making a big saving.