Change in energy cost is among the many reasons you need to compare energyplans. If you have stayed for a while without switching energy suppliers or simply never have, you could be among the thousands of businesses overspending on energy bills.
The good news is that you can ensure you are not overpaying for your energy by comparing current supplier prices and looking for the best deals that suit your needs. Although it might seem exhausting, comparing energy plans or even providers can be an excellent way for your business to save a considerable amount of money.
Reasons to compare energy plans
There are several reasons why you may need to compare electricity and gas plans with others in the market. However, the main reason why most companies compare energy plans is due to changes in business needs or location.
Change in business location
Adjustments in business might mean you have to relocate your company. This could be due to high rental charges, or maybe you want to reach more clients. However, like house relocation, moving your business will need a change in your electricity supplier or contract.
When you relocate to a new house, your electricity supply ceases the day you leave. However, with business, the day you leave the old premises marks the end of your energy contract. Electricity or gas is linked to a specific supply point, and every point has its provider.
Here are the four crucial steps to follow before moving out of your current office or premises.
1. Since your previous suppliers couldn’t necessarily have competitive pricing at your location, don’t automatically assume they are the perfect option.
2. Once you have found a competitive plan for your new location, ensure that you email the current supplier with your new company address. This is necessary to send your final bills.
3. Give proof to the current supplier that you are handing over control of the business location.
4. Take a photo of your meter(s) on the day you move out. This will help your previous provider process the tenancy change notification.
Once you relocate to your new location, you may decide to use the same energy provider or plans. However, this couldn’t be possible since the energy supply is based on location.
Moving is a perfect opportunity for consumers to look for an affordable energy supply. As such, it is a good idea to compare quotes from various energy suppliers in your new area to help secure a competitive rate for your new business location.
Change in business energy needs
As your business grows, you might need to employ more people or relocate to a bigger facility. Unfortunately, these adjustments will increase your energy consumption or even raise your electricity or gas bills. And if you plan to purchase new equipment, your energy consumption will increase automatically.
On the other hand, you may be downgrading your business, and if you are still paying the same energy rates, your business is losing money. The good news is that you can compare energy plans and look for a cheaper option.
Due to fierce competition, deregulation has caused a significant change in energy companies and plans. Price fluctuations are among the impacts of the deregulated industry.
Fortunately, while electricity and gas aren’t cheap, consumer savings can still be found and made on energy plans from leading providers. You can compare electricity and gas suppliers in your area to find a great energy deal for your business.
