The pattern of energy consumption for business and residential customers differs significantly. This is why the prices for energy differ.
Since energy is among the most expensive expenses for companies so choosing the lowest electricity prices available can be the initial step toward efficiency in your expenditure.
Residential and Business Energy Rates
A single company generally, could consume more power than a number of residential customers. This increased demand places an additional strain on the electric grid. Furthermore, the company must put in more effort and expense to maintain and support the infrastructure. Because of this, the rates for energy used by businesses are generally more expensive.
However, this doesn’t mean that you should select the first provider you discover. You can still search, negotiate, and look around to find the most affordable prices on electricity in accordance with the location you live in.
Many retailers have separate plans for business and residential customers. In accordance with your needs for electricity you may choose the basic or customized business demand plans. There is an Australian Government also offers resources for businesses to improve their management of energy.
Find the Best Electricity Rates for Your Business
Understand Your Electricity Bill
Every electricity bill is comprised of two charges: the supply charge and the usage. Supply charges are what you pay to allow energy to be supplied into your office. Utilization charge represents the price you pay for the energy units you consume.
Check out the tariff plan you’ve been given. For instance, you’ll be paid the same amount per energy unit when you are on one rate regardless of the time you use it. If, however, you are using a time-of-use tariff for business that is a time-of-use business tariff, you will be charged at different rates during the day.
Conduct an Energy Audit
An energy audit can help in determining the amount of gas and electricity your business utilizes on a daily, monthly or weekly basis. A thorough audit will reveal details like when you consume the most power, which appliances use the most energy and how climate impacts your energy consumption and other aspects.
You can hire an independent energy auditor who will review the data from the last 12 months and find areas that could yield savings.
Compare Plans Online
When you are able to access the complete requirements for energy, comparing plans available in your area is effortless. The most important factors to take into consideration when comparing plans include the competitive rates as well as supply and usage charges, fees as well as billing periods as well as payment options and service to customers.
Instead of scouring the websites of individual retailers or websites, you can utilize an external website to gain access to energy plans with up-to-date information quickly.
Leverage Discounts and Offers
Many retailers have business energy plans in place. If you are a new customer, you may be eligible for an discounted energy bill during the beginning of the year. If you select an upgrade plan, your company may offer discounts when building the infrastructure.
If the retailer is unable to provide your energy needs using pre-packaged plans you can consider establishing your own business plan.
The energy rates are different for both business and residential customers because their energy needs also differ. However, these different rates should not restrict your options. For businesses you are able to get the most affordable electricity rates for your area by comparing plans on the internet. If you have any concerns contact the retailer to inquire about customized energy plans.