A competitive streak is definitely a good thing, and with electricity prices forever rising energy suppliers are competing with one another for your business. This can only be a good thing in terms of saving your business money.
The competitive market means providers are pulling out the big shots to ensure you give them your custom, whether you are a new or existing customer. At the moment there are a range of deals, offers and discounts to tempt you to choose any specific supplier.
Whether you have a small, medium or large scale company, keeping your energy costs low can be essential in ensuring smooth cash flow and getting the most out of your hard earned cash. Making sure lights and appliances are switched off when not in use can make a little difference, but shopping around to find the best deal is the most effective way to save you money.
Many providers offer special incentives for businesses such as discounted rates and benefits to switching provider. Remember that your business electricity prices are calculated by your location, usage and the agreement you have with your provider.
Government body Ofgem is the regulatory force which makes sure that a level of competition exists to ensure the best deal for consumers. It is deemed that a competitive marketplace offers the most options for business and maintains a healthy balance for all involved.
When looking at your existing electricity bill there are a few things to keep in mind which could also save you money. Firstly make sure your meter reading is actual and not estimated as this could mean you are being under or over charged which could lead to serious cash flow disruptions in the future.
Also consider the option of paying online or by direct debit, since providers often offer discounts for such payments. Think about whether you pay monthly, quarterly or yearly since this often entails some form of discount too. If there is anything you are unsure of in your bill it is now easier than ever to contact your provider with a query either through their website or contact call centre.
The great news is that a competitive electricity supplier market is good for your business and means you can use the money saved to spend on the things that really matter, such as growing and developing your company.
Now it is easier than ever to simply go online and compare business electricity prices at the click of a button.
Clint Starr writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.
