We know that running a business can be tough. You need to keep on top of finances, look after your employees and ensure your company stays competitive.
For the latter this means utilising your investment wisely, whether you are just starting out or expanding globally.
One way to approach the financial side of things is to save money on energy bills. And whether it’s gas, electricity or renewable energy, you’ll want to know that you are getting the fairest deal.
Here, we quickly explain how to recognise if you’re on a tariff that suits you.
Take regular readings
Firstly, check your meter regularly to see how much energy you actually use. This way you’ll stop your supplier making estimates that could lead to you paying more than necessary.
And if you do discover you have been paying more than previous estimates, you are entitled to a refund from your supplier.
If you have been underpaying you can arrange to pay what you owe in one lump sum, before searching for a cheaper supplier.
Most suppliers have dedicated phone lines you can ring up and give your reading – usually displayed on your bill.
Opus Energy says that 81% of those responsible for looking after internal energy affairs fail to look for better offers, staying on the same tariff for a long time.
But this could be making other areas of business harder, and just think how much cash could be saved in the long run by using an hour of your day comparing what’s available.
If you think you are paying too much, go and find evidence. Sit down, compare your current bills to what other providers are offering.
Look beyond the big six energy firms
Energy UK revealed 1.3 million domestic customers moved from large to small suppliers during the 12 months up to April 2015 – this figure is the equivalent of 41 per cent of all switches.
And despite perceptions, there is no difference in the energy you’ll get from smaller suppliers: it’s all regulated by Ofgem.
According to Which? the top providers for customer satisfaction aren’t the “big six” but actually lesser known companies.
So, consider all the factors and see which provider suits you.
Get the help of experts
We make business energy comparison easy. Keep an eye on our blog for more useful energy saving advice.