A business electricity tariff is an appropriate type of commercial energy deal designed specifically for business usage. In most cases, business electricity is supplied by the same electrical companies as residential electricity and, in certain instances, by the same gas and electricity suppliers. However, there are some significant differences between commercial and residential electricity, which include:
compare and switch business gas and electricity suppliers
Unit rate: This refers to the amount you pay per unit of energy. If you are paying the average unit rate for both types of electricity, then you are paying the same price both times. However, the unit rate for business electricity differs greatly from that for home electricity tariffs. For home users, generally the rate for a unit of energy is set at about one tenth of a penny per kilowatt-hour.
Different suppliers: A comparison of business electricity suppliers will help you find the best deal. Not all suppliers are on the same side of the market, so it is not necessary to choose a supplier on name alone. Instead, compare business rates and compare energy tariffs. The key factors to consider when choosing a supplier include:
Standby meter: A standby meter is a device that is placed on your premises to record energy usage. If you are using a standby meter, this can also act as an electricity meter, allowing you to compare energy tariffs between your premises and with suppliers when you have a running meter. Some businesses have both a meter and an account, so they can both be used when determining your business electricity usage.
save by switching energy supplier
Switching meter: You can also use your current supplier as an opportunity to switch to another supplier. A majority of suppliers offer an incentive when switching, which may make switching even easier. If you’re paying more than you need to for your energy bill, why not see if you can get a better rate? You could find yourself saving over a considerable amount over your estimated future energy bill payments.
Standby units: A standby unit is a special electrical appliance that is turned on only when it is needed and then switched off when the power is turned off. It is designed to save energy because it will only turn on when electricity is available and not when you last used electricity. As a result, some suppliers may offer a reduced standing charge on your next bill, although the actual savings you may achieve will vary depending on your individual circumstances. If you are looking to save money on your energy bill, it would be a good idea to make your switch business electricity efficient. In order to do this, you’ll need to learn more about how electricity is produced and how you can save money on your energy bills.