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21 Apr

Understanding Commercial Energy Prices to Save Money

by Simon Thompson
 

All firms and organisations should understand commercial energy prices so they can save money and boost profitability.

This is easier said than done and this article will help explain how to go about comparing the various prices and why.

Firstly, the easiest way is to contact the experts at D-Energi who will have all of the latest business energy deals and tariffs and may be able to offer a better deal than the firm is currently enjoying.

Alternatively, the firm could also visit the various business energy price comparison websites to see for themselves what deals are available.

Undoubtedly, they will save money and a quick search of the marketplace will reveal just how much; this could range from hundreds of pounds to thousands of pounds.

However, while visiting price comparison websites they will give a quick indication of the savings to be made, though a firm should be wary because these may not be the same prices that will be offered should they contact the energy supplier.

Quote for commercial energy

This isn’t the fault of the comparison website or the energy supplier since offering a like-for-like quote for commercial energy is a difficult issue to meet.

Instead, the organisation will need to contact the energy supplier directly, give them a few details and they will be provided with a bespoke deal, hopefully matching the one they saw on the website.

The other downside to using price comparison website is that they may not be searching the entire business energy supply market so the best deals available may not even be offered to the organisation looking for them.

Instead, it may just be easier for many business owners who are busy with running their businesses to contact experts in the field who do know which are the best deals and offers currently available and they will be able to give this advice in just a few minutes.

Again, these energy market experts will need a few details to put together a bespoke offering including the firm’s address and their meter number.

This is all part and parcel of understanding commercial energy prices so a firm or organisation can save money, and they are highly likely to save a lot.

Find a cheaper commercial energy quote

That’s because a survey has revealed that around 40% of organisations have never switched their energy supplier and will have moved onto a new, probably much more expensive contract, by simply not acting when they have the opportunity to find a cheaper commercial energy quote.

For those firms who have moved onto a new rollover contract, this is known as a ‘deemed’ contract then they are able to change suppliers under these terms.

However, for those firms who are in their mid-term of a contract then they cannot break their energy supply contract before the window of opportunity in the weeks before the contract ends.

While this may be frustrating for firms, they need to be aware of their energy usage and they then can use the data to find a better deal.

It’s also possible for those who really want to understand more about energy prices and wants to source all of their business electricity needs from renewable sources then this too is possible.

Indeed, there are specialist suppliers of renewable energy for firms and organisations and the energy experts will be able to point the firm in the right direction.

Switching to renewable energy

By switching to renewable energy, the firm will be boosting their environmental credentials and may also be able to enjoy cheaper rates than they pay now by doing so.

Essentially, the most important reason to look at commercial energy prices on a regular basis is for the business to save money; this means profitability will be improved and there is more money to reinvest in equipment, staff, and training.

For small firms particularly having lower energy bills means they will be able to put money aside as a financial buffer.

Along with monitoring what the various energy providers are offering, it’s also possible to work with the supplier who will conduct an energy audit to point to ways of improving energy efficiency and usage.

This latest point could be crucial because on top of cheaper prices, by using less energy the firm will be reassured that they are doing all they can to access lower bills.

 

The best way to find out how and why firms should compare commercial energy prices is to contact the team of experts at D-Energi who will be pleased to help.

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