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Incorporated in 2002 we have become one of the longest established and well respected UK independent businesses energy suppliers.

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27 May

Understanding Your Business Electricity Bill

by Simon Thompson
 

There’s no doubt that running a business means dealing with lots of different tasks during the day but understanding your business electricity bill could save you a small fortune.

Despite this opportunity, you probably never take a close look at your business energy bills when spending a few minutes doing so can pay dividends.

Essentially, there are three important elements of every business energy bill you need to be aware of and they are:

·        The unit rate

·        The standing charge

·        The contract end date.

And while there are other costs, these are the most important issues to consider.

Check your business electricity supplier meter

It’s also important that you check your business electricity supplier meter once in a while and understanding how to do so really will help.

Some firms will still have a meter reader or data collector visiting to collect their meter readings.

Sometimes they may not be able to gain access to your premises, so you may have estimated bills and still need to submit your own meter reading.

It makes good business sense to keep track of the meter readings to ensure that you pay for the electricity that you use.

So whether you have a digital electricity meter or an analogue one, you read the numbers from left to right and ignore the last red number.

Cheaper supplier with lower business electricity rates

When it comes to understanding your business electricity bill, there’s a wealth of information to find a new, cheaper supplier with lower business electricity rates and it’s here that the experts at D-Energi can help you.

With the information from your bills and meter to hand, you will be able to shop around and check on business electricity rates and whether there are cheaper deals available.

Essentially, you’ll need to calculate what a potential new deal will cost over a full year and this is where you’ll need to calculate the unit rate and the standing charge and you’ll have a good idea of how much energy you will be using from the meter readings and the bills.

Some firms will make the mistake of seeing a lower unit rate, this is the amount you pay for electricity used on your premises and believe they are making a saving. However, the potential supplier may have a higher standing charge to make up for the lower unit price.

When it comes to firms understanding their business electricity bill, then all of this information is useful in the search for a cheaper supplier and it’s here that the experts at the D-Energi can help you.