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.

Sustainable Environment in Singapore: An Attraction for Businesses and Investors

In addition to a robust economy, Singapore’s sustainable environment is another leading factor that has attracted numerous investors. Most cities in the world have failed to address environmental issues brought about by urbanization. Towns or urban areas cover over 2% of the Earth’s surface; they are responsible for about 80% of the greenhouse gases emitted while using up almost 75%  of nature’s resources.

However, a host of countries in Southeast Asia are leading the way to change this contrary notion about cities and urban regions. Research conducted by several world-leading environmental bodies and institutions determined that Singapore is indeed one of the most environmentally sustainable nations.

Singapore’s first prime minister kickstarted the dream of making Singapore a green city. His main agenda was to make Singapore stand out from the rest of the Asian countries and also attract investors from all over the world. The first step undertaken to achieve this dream was the eradication of the houseboats and overcrowded slums along the banks of Singapore River.

Incorporation services Singapore are offering entrepreneurs moving to Singapore a platform to incorporate their businesses in Singapore. This allows them to run their firms within the stipulated terms while also receive the government’s backing.

On the world’s Environmental Performance Ranking, Yale University and the U.N place Singapore at seventeenth globally and first position in Asia. Contrary to popular belief, Singapore’s efforts and strict green technology guidelines, which were set and backed up by the government, helped in making it an eco-friendly city.  

So how exactly does Singapore afford to provide suitable surroundings perfect for its citizens and also attract investors and entrepreneurs from overseas?

Government Support

As discussed before, adoption of green technology is one of the leading things that has made Singapore an eco-friendly city. Singapore has been able to morph into a modernized city-state without having a negative impact on nature.

The Singapore government’s Cleantech division, which is a subsidiary of the board tasked with economic growth, has offered continued support to companies in the clean technology business. This has led to the business sector growing tremendously in areas such as renewable energy, water conservation, green buildings, etc.

Growing ICT Center

Companies such as Hewlett Packard (HP) and International Business Machines Corporation have partnered with the Ministry of Environment and Water Resources. The main idea behind these partnerships is to ensure that Singapore’s ICT industry thrives. HP, for example, has been tasked with designing and manufacturing energy efficient systems that will cut power costs while still providing a working platform for businesses.

There is no shortage of green spaces in Singapore

Low Energy Costs and Environmental Remedies

Accommodating over 7000 companies from different nations across the globe is no mean feat. As such, Singapore’s government and other agencies know that a green environment is not the only requirement to attract more investors.

Through an alliance known as the Singapore Sustainability Alliance, an umbrella consisting of government groups, non-governmental organizations, and teaching institutions, Singapore has been able to come up with policies that create a sustainable environment. Other than this, the alliance has overseen the adoption of systems that include proper water use, renewable energy, energy efficiency, waste management, etc. which have significantly improved business growth.  

ROI of Commercial Solar Panels for Business Owners

The way business owners think about solar panels has changed. Less than ten years ago, businesses were concerned about whether solar power would provide them with the energy they need. Now, that question is almost never asked, because it’s been answered. Two of the biggest companies in the world, Google and Walmart, have installed dozens of solar plants at their headquarters. Solar energy has been shown to work well for big business.

Now small businesses want to know how solar panels can provide them with a strong ROI.

It’s said money doesn’t grow on trees, but in the case of solar panels, it does fall from the sky.

Commercial Solar Panels Decrease Energy Costs

Solar panels cut down on the amount of energy you pay for, because all day every day, you’re producing your own.

There is a common misconception that solar panels only work when the sun is blaring but this isn’t the case. Even on an average day in the depths of a British Winter, solar panels produce enough energy.

When you generate your own solar power, you only have to switch to the National Grid at night. With most small businesses using less power at night, this can offer huge savings.

More than that, small business owners protect themselves from losses due to energy price increases. As the cost of using the National Grid rises, solar panels save a small business owner more and more money.

Generate a Passive Income

Feed-in-tariffs (FIT) offer a big ROI for business owners who want to install solar panels. FIT is a government scheme which intends to encourage people to adopt low-carbon and renewable energy technologies, by paying them to do so.

Under FIT, every unit of energy your solar PV system generates is paid for whether you use that energy or not, and you’re paid for any energy your system produces that goes back into the national grid.

This allows small business owners to generate a passive income for twenty years, guaranteed by the UK government. As if it couldn’t get any better, all the money earned under FIT is completely tax free.

The Cost of Installation Has Decreased

Many small business owners were reluctant to switch to solar panels because of the high initial outlay. Since the launch of the FIT scheme, the cost of installation has decreased dramatically, which means business owners will see their solar panels generate returns faster now than at any other point.

There are plenty of subsidies available to those who are looking to install commercial solar panels, because the government wants renewable energy to work for individuals and businesses. This also means the return on investment for solar panel technologies is at a high.

Helping the Environment Helps Your Business

If businesses are looking for sustainable and long-term growth, thinking conscientiously about the environment is crucial. With global temperatures rising, the rising costs of food and energy are going to have a massive impact on how consumers spend their money.

Solar panels have low maintenance cost

Switching to sustainable energy now has a positive impact on the ecosystem, which protects the pockets of consumers of your products for years to come. Decreased outgoings for energy means greater savings, and a show of environmental care can increase your prestige in a crowded market.

The Return on Investment

Solar panels cost very little to maintain once they’re installed, and can last up to thirty years. The estimated savings for residential properties over a twenty-year period is around £9,000, and for commercial properties that figure extends even higher; a small business can look to save £16,000.

No planning permission is required for businesses to install solar panels, saving you time which can save you money. Low installation costs, a decrease in energy outgoings and the generation of a passive income means the ROI of solar panels is higher now than at any other point. Solar energy works wonders for your business and the planet.

5 Actionable Tips to Use More Renewable Energy

The world doesn’t seem to stop when it comes to consuming energy. As each country experience growth and development as a society, their needs for power increases to keep up with the pace of their expansion. The process is a natural one.  It’s even socially encouraged, but that doesn’t change the fact that it takes a toll on our planet. More of the world resources are exploited and processed to become fuel.

While denied by many of these industries for a long time, the ugly side of energy consumption has been exposed for the whole world to see. It has increased the awareness about the need to embrace alternative energy and waste solutions that are renewable and cleaner to avoid contamination and slow down the degradation of our many natural ecosystems.

Many of the initiatives to use clean energies are embraced in multiple countries. Some of them are backed by governments and private industries looking to preserve our planet and fix some of the damage caused by our constant demands of resources. Many people believe that individual efforts don’t count. The fact is that every single bit of help they can get adds up a lot. Here are five actionable tips you can follow to make proper use of renewable energy on your premises:

1. Embrace Solar-Powered Technologies

If you haven’t realized it yet the sun is one of the most powerful energy sources in the world and no one can charge to use it. This is why many developers focused on creating technology that makes the best use of the power delivered by the light and radiation offered by the main star in our solar system.

Nowadays, you can get solar-powered vehicles, and solar panels to distribute energy at your home. Such technologies can be a bit expensive but is durable as nothing else in the market, plus it is a one-time investment at best!

2. Crowdfund Clean Energy Projects

Many communities are willing to go green and use clean energy sources when they are presented the right project. Most of the times the neighbors’ just need to see a well-laid plan explaining why using renewable energy sources will be more affordable for them in the long run.

A solar-powered community project in Laos

The environmental angle can also be helpful, especially for those homeowners that live close to natural reservoirs and wish to keep the value of their properties by safekeeping the environment.

3. Support the Society of Concerned Scientist

This is an amazing initiative to get businesses and the world to become more educated and use more renewable energy.  I am not affiliated with the society at all, but it may be one of the most actionable ways to help the environment because they have built up a lot of support and assets.

Check out what they are doing here.

4. Use Water-processing Technology

Many households and modern housing projects can make use of this technology to recycle the water sources they use and avoid the unnecessary waste of such vital liquid.

The basic principles of this initiative require investment in processing plants and large tanks that can either be installed on the foundations of your home or at the side of it. Your house will always have clean running water, and you won’t take much from the natural sources near your place.

5. Wind Power for Home or Business

Many locations around the world are using wind-powered turbines to generate electricity, and it has become a business opportunity for many entrepreneurs around the world. The plants are easy to install, and the energy is very cheap to produce.

Wind-powered energy has generated an excess of power in certain locations such as China, Germany, Australia and some regions on the USA with these plants selling they’re overproduced to regular energy plants. The power provided by these alternatives is cleaner than most and very easy on a family budget.