Understanding how business energy works is crucial in finding a good power utility provider for your company. After all, without enough power, it would be virtually impossible to run a business smoothly.
For example, if you own a bed and breakfast, you won’t be able to keep your guests warm and comfy during the winter season if you don’t have a reliable energy provider.
However, even with the immense importance of electricity, some business owners still fail to prioritise this major commercial utility. They’re not fully aware of the energy contracts available and the average costs involved.
If you have the same dilemma, then you should start understanding how business energy really works. This short guide will cover topics like how much you need to spend on electricity and gas, the available contracts, how to save money and cut energy consumption.
How much do energy providers charge?
It’s a bit difficult to provide a rough estimate for the energy cost of businesses because there are many factors involved in the computation. First, you need to find out how much your target supplier charges based on your location. The majority of electric utility providers charge higher rates for businesses located in highly urbanised centres. Power utility unit costs average around 15p per kWh while the standing charge usually costs 27p per day.
How to request an energy quote
In order to obtain an accurate business energy quote, you need to compare the rates of at least three suppliers. This is extra important if you want to find the most cost-effective deal in your area. Instead of spending long hours calling each energy supplier in your locale, you can use websites like Utility Bidder. Simply key in your search keywords and you can easily compare the rates of each energy provider.
What to consider when reading the contract
Once you choose a company to hire, your next step is to sign an energy contract. Take note that there is a wide range of contracts available so it’s crucial that you understand which option suits your business best.
Some examples include fixed, flexible, green, rollover and dual fuel. Most of the time, businesses choose the fixed contract because the cost of their electricity and gas stays constant throughout the duration of the contract.
What is a power energy meter?
These are tiny devices used to record the energy consumption of a subscriber. To ensure that you receive accurate and precise electricity and gas bills, you should have the latest device installed in your business location.
Some of the common types of energy meters used include the economy 7, standard, and the evening and weekend. For gas consumption, there is only one type of meter used for business clients. This type of meter charges customers a single unit for every kWh consumed. As such, you can expect to pay a fixed rate regardless throughout the duration of your contract.
Are you ready to start setting up your power and gas lines? Make sure to find a reliable supplier to help you with your needs. Also, don’t forget to consider the tips discussed above.
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