One of the best ways to save money on your electricity bill is to compare business electricity rates. Changing suppliers is a relatively simple process and will most likely save you PS100’s. Make sure to check all tariffs, as not all suppliers offer the same rate. Also, make sure to shop around before signing a fixed-term contract. Many suppliers are only available in specific areas and might have a higher standard rate than others.
When comparing business electricity rates, you should also consider the standing charge and unit costs. Standing charges and unit costs vary greatly, and they can add up over time. Be sure to compare prices before committing to a contract. The standing charge is the cost of electricity per hour. If you don’t know how to calculate your standing charge, you can use the table below. To save money on your business energy, be sure to read the small print.
While you may think you’re paying too much for business electricity, the truth is that the difference is not as great as it may seem. In fact, very small businesses are more than 18% more expensive than large enterprises. Big businesses are savvy energy users and usually shop around to find the lowest rates. However, most small businesses aren’t aware of this and often end up paying more for their power than they should. If you’re planning to switch suppliers, start by comparing your current business electricity rates with a few companies.
Remember that comparing business electricity rates is more important than comparing the prices of domestic energy. If you’re planning to use more than 25,000 kWh of electricity in a year, you should get a Half-Hourly meter to see how much your bill will be. While it’s not cheap, the benefits of this type of electricity contract can be significant over the long term. When comparing business electricity rates, it’s imperative to keep the standing charge in mind as well.
Besides saving money on your business electricity bills, comparing the rates of business electricity can also reduce your business’s environmental impact. A business that’s more environmentally conscious can lower its energy bills by reducing its energy consumption. By installing an energy monitor, you can visualize your live energy usage. If you’re running a computer or lighting operation, turning off these devices can reduce the amount of energy you use. Using management software to analyze energy trends can help businesses reduce their overall energy bills by as much as 10% to 20 percent.
By comparing business electricity rates, you’ll be able to save money on your daily expenses. You can also save money on your contract if you’re in a fixed-term contract. This means that the monthly bill will be higher than usual, but it will be more affordable when you’re on a fixed-term contract. You can also get the best deal if you’re on a 2-year contract.