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12 Sep

Steps to Undertake a Business Energy Comparison Exercise

by Simon Thompson
 

When a business needs to undertake a business energy comparison exercise, there are simple steps to take to ensure it’s a successful venture.

All firms and organisations should look at their overheads on a regular basis to ensure they never pay more than they should be doing for things like their energy bills.

However, before beginning a comparison exercise, you’ll need to consider several issues to ensure that you are armed with the correct information.

It’s important that you have recent bills as these will have contained important details for the new supplier to deliver a bespoke offering.

Carry out a business electricity comparison exercise

Other issues for those who want to carry out a business electricity comparison exercise, for example, will be the size of their business and how much energy they use.

These issues also include the size of your office or factory space, as well as the annual turnover because some electricity providers may specialise in your business sector.

Also, your bills will tell a new supplier how much electricity you currently use and it is also useful to know how long you will be remaining in your premises and whether you want a short- or long-term contract.

The other issue is when you use electricity because switching to off-peak periods of demand could see your bills being substantially reduced.

Carry out a business gas comparison between providers

These tips also extend to those firms wanting to carry out a business gas comparison between providers to ensure they are on the best deal possible.

While firms could contact gas providers directly, this can be a time-consuming exercise and they could also opt to use one of the many online business energy comparison sites.

There’s no doubt these websites offer a quick way of finding the market rate for your business but they may not search the entire marketplace so your firm could be missing out on better and cheaper deals.

The business energy supply market is a dynamic one and deals and offers change on a daily basis to reflect the changes in wholesale prices so a firm may find a great deal one day and then discover it’s no longer available on the next day.

For more help and advice about the steps you need to undertake for a business energy comparison exercise that delivers great savings is to speak with the experts at D-Energi.