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How To Save Your Business Time and Money Through Energy Comparison

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Here at Love Energy Savings, we often talk about the huge amounts of money you can save your business by comparing energy prices and switching suppliers or tariff. Whilst that is true, there is also a host of other benefits to the process, not least the time and effort you can save your operation.

Given that commercial energy use is nearly always higher than average domestic consumption, it’s important businesses get the best possible deals on their power.

Often, that may mean seeking independent advice and help, or comparing prices from different providers, just as you would for your fuel at home. Though, for a business, it can seem a lot more complicated than with a domestic tariff, and it's understandable that you would prefer to spend your time focusing on what really matters - running your business.

From Sole Traders to SME’s

However, as with domestic power, potential savings can be made, whether you’re a sole trader working from home or a much bigger organisation with several employees on the payroll.

In one example that we’ve seen quoted, an annual electricity bill for a business in the North West of England cut its annual electricity bill from £3,500 to £2,300 by using a regional supplier – a saving of £1,200.

That business is far from alone. Stats from industry regulator Ofgem show that, in an increasingly competitive marketplace, over half of UK firms could reduce fuel bills just by changing to a less expensive deal.

Where Should Your Business Turn for Cheaper Energy Prices?

You could always start by asking your own supplier if they have a better deal to offer you, and this can be used as a benchmark when considering the alternatives.

It’s also worth checking your current contract and tariff before you do anything else. If you are on a default tariff, for example, your supplier must do everything reasonably within its power to inform you about any alternatives that may be available.

Find out when you will be contractually allowed to switch, as you can generally only do this at certain times. But suppliers can usually only object in quite specific circumstances, for example if you owe them money, or if the current contract still hasn’t run out.

3 Steps To Switch Energy

If there is an objection to switching suppliers, these must be explained, as quickly as possible, and you must also be told how the situation can be resolved. In this situation, a specialist energy comparison site such as Love Energy Savings would be ideal as we have panel of experts who can take care of all these negotiations for you.

You should also take regular meter readings, to build up a picture of energy use – this will help potential future suppliers give you a more accurate quote.

Confusing Energy Tariffs

It's hardly surprising that with some suppliers placing different rules on the energy contracts they have with smaller businesses, many are left confused as to how to switch and benefit from the most attractive prices.

However, if you use a free, impartial business energy comparison service, this means you won’t spend time researching the market because the experts will do it for you. Cut your bills with just one phone call, or by spending just a few minutes online, and the only information you need is your postcode and your current energy supplier.

Leave It To The Experts

Our energy experts then find you the best rates, thanks to their access to great deals from various suppliers, and set up your contract on your behalf, so you save even more time and money. Paperwork, contracts and negotiations are all taken care of.

Staying with the same supplier can be expensive, so don’t fall into that trap, and don’t feel daunted about making the switch. You may feel you don't have time to switch supplier, but the truth is you simply can't afford not to.

If you enjoyed this energy guide, you can read loads more by heading to the Love Energy Savings Energy Help Centre. Our team of energy experts have put together everything you need to know, from global warming and collective switching to smart meters and fracking! Happy reading and happy saving…