Looking for Cheap Business Electricity? Tips to Get the Best Tariffs

Every business person knows that making a profit from an enterprise is not easy. Reducing expenses is among the best ways to ensure profitability. However, it requires identification of all your costs and expenses. One area of concern for most businesses is the ever-rising cost of electricity. Indeed, cheap business electricity is a factor that can make or break your business. We guide you through some of the best techniques that’ll help you to get the best electricity tariffs for your business.

Compare the prices

The electricity sector has many suppliers. Each one of them is in it to make money. The competition is stiff, and so every supplier continually looks for the best ways to beat the competition.

Also, the tariffs differ among different industry players. Hence, you should endeavor to compare the prices among various suppliers. In case you get another provider with the best deal, it’s time to switch.

Know when your contract ends

When the electricity contract expires, and you are not aware, it can automatically renew because such a contract requires formal termination. The worst case scenario is where the contract rolls-over to higher prices. Knowing when your contract ends provides you with the perfect opportunity to switch suppliers.

Consider using a broker

The process of finding the electricity supplier with the most competitive tariffs is tedious and time-consuming. As a business owner you have many other essential engagements hence it would be better to use an electricity broker.

Brokers deeply understand electricity matters. They know all the suppliers and the tariffs they offer. They may also know the secrets of the trade that you might not be aware of. To crown it all,brokers in most cases will not charge you for their service as they get a fee from the electricity partner you choose.

Discuss with your supplier

When your contract ends, it provides you with a stellar opportunity for negotiating with your current supplier for tariff reduction. Most suppliers won’t want to lose you as their customer, and so they may be willing to listen to you.

Even where you have a quote from other electricity suppliers or also using a broker, it does cost you anything to try and negotiate with your current supplier. When you call them, let them know that you are considering switching if they do not lower the tariffs. Also, at the time of contract renewal, you get the opportunity to request for discounts.

Change Tariffs

Many people don’t even know their existing electricity plan. It is an excellent idea to look at your electricity bill or contract to discover your plan. Your tariff could be based on a flat-rate, or it could vary depending on the amount of usage.

It is also possible that your tariff depends on the time of usage. Selecting the best tariff can enable you to save a lot in electricity bills. Negotiating with your supplier for a customized tariff is another excellent strategy for reducing your business electricity.

About Salman Zafar

Salman Zafar is the CEO of BioEnergy Consult, and an international consultant, advisor and trainer with expertise in waste management, biomass energy, waste-to-energy, environment protection and resource conservation. His geographical areas of focus include Asia, Africa and the Middle East. Salman has successfully accomplished a wide range of projects in the areas of biogas technology, biomass energy, waste-to-energy, recycling and waste management. Salman has participated in numerous national and international conferences all over the world. He is a prolific environmental journalist, and has authored more than 300 articles in reputed journals, magazines and websites. In addition, he is proactively engaged in creating mass awareness on renewable energy, waste management and environmental sustainability through his blogs and portals. Salman can be reached at salman@bioenergyconsult.com or salman@cleantechloops.com.
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