We know that high energy costs are one the biggest pain-points for small business owners. Even the mention of a gas bill can turn a perfectly pleasant conversation sour! But managing your utilities doesn’t have to be such a nightmare – or cut such a big hole in your pocket. Despite what Britain’s biggest energy suppliers would have us believe, finding a price you’re happy with isn’t hard. So long as you know what you’re looking for, there’s nothing to fear! So, take a look at our top tips and you’ll be energy-savvy in no time!
Get an business energy audit for business gas and electricity
You can get this free from most utility companies and it is really helpful in showing you what you’re paying for, how you could be more efficient and where you could save some cash.
Check your business energy broker’s commission
Energy brokers are notorious for charging extortionate commissions – but you probably wouldn’t be aware of it. They often try to keep these hidden so you unknowing absorb the cost – so make sure that you always ask and are clear about what, and who, you are paying. Chances are, it’s not worth the fee!
Switch your business energy supplier
Switching your supplier can seem like a big hassle but that’s just because dominant energy suppliers and brokers want to lock us in. In actual fact, this is a pretty simple and pain-free process and it could save your business hundreds of pounds a year. Worth it? It’s a no-brainer.
Compare business energy gas and electricity prices
Unit rates and standing charges can vary massively so knowing what the range of options is will equip you well should you want to switch suppliers. Ask for a thorough breakdown of costs as well as an estimated annual cost and you should find yourself well prepared.
Check your total business gas and electricity quote
It’s easy to only look at the unit rate per kWh and be fooled into thinking that a low unit price means you’ve found a good deal. But some tariffs supplement this with high standing charges – so make sure you look at the overall cost of your bill to get the full picture.
Read the small print when you switch business gas and electricity!
This might sound obvious, but we’ve seen too many people get burned because they failed to read their contracts thoroughly. Believe us, that’s not a good position to be in. So, make sure you read all the T&C’s and know what you’re committing to. For instance, lots of deals automatically renew after a set period so it’s important that you know a) how to negotiate a new deal and b) when you’re able to do this.