Business electricity is an essential utility for any size of company, from home offices to large commercial and industrial premises. Electricity isn’t only essential for keeping your business online and operating, but also for making sure the building itself is illuminated and comfortable for employees – and in the case of larger companies with many workers, this can sometimes add up to expensive electricity bills.
Negotiating an affordable deal for business electricity should be a priority for companies when setting up their office premises, as even a seemingly minor difference in tariff could add up over time – especially with energy prices rising each year. Whether you deal with an energy broker as an intermediary or carry out your own negotiations directly with suppliers, one of the most financially secure options for business electricity could be to arrange a fixed price tariff, which will protect your finances from further fluctuations in the energy markets. However, if conditions are set to improve in the market, signing up with a fixed rate tariff could prove detrimental.
Understanding how business electricity prices are calculated is therefore an important step in achieving the best rate. Most companies use dedicated business electricity tariffs that are more suitable for commercial use, as paying for energy consumption at the same rate of standard tariffs for homes could be more expensive. There are also more factors involved in determining the price a company pays for its electricity, from the size of the business to the type of electronics being used and average daily consumption figures. Businesses that are able to provide these figures could stand a better chance of arranging a more affordable tariff with their supplier, which can be especially important for larger firms.
When searching for a business electricity supplier, it’s useful to compare a number of tariffs offered by different companies to help you find the best deal, as well as visiting the websites of energy providers themselves to explore a more comprehensive range of options. Business electricity is not a one-size-fits-all solution, so you might not necessarily receive the best service by choosing the first tariff that comes along.
If your business is concerned with sustainability, your energy supplier could also advise you on ways to lower your electricity consumption and reduce your carbon footprint, such as installing more energy-efficient products and taking steps to minimise the amount of energy wasted on a daily basis.