There are a lot of options when it comes to your business energy plan. Getting the right plan for your business energy may help you save a lot of money on your energy bills. 

It’s important for business owners to assess their energy needs regularly and make sure they are getting the best deal with their energy plan, and not paying more for business energy than they need to. 

Understand the energy market and your energy needs

Many business owners, after signing up for an energy plan, don’t bother to review it regularly to see if they can get a better plan, but getting the best energy offer that suits your business needs is worth doing. 

Keep on top of the energy market and regularly review your energy plan and invoices to ensure you’re getting the best rates for your business. 

Talk to your provider about your current energy plan. Discuss your energy needs, as they may have changed since you signed your contract. 

You can ask your energy provider to provide you with your energy data for the last 12 months. 

This will show you your business’s energy usage, and how it varies throughout the year. Using this data, you can determine what energy plans may suit your usage needs, as well as look for potential areas of savings. 

Compare energy offers

Do some research on energy plans available, and compare plans and costs in your state. 

You may find that after doing a comparison, you can get a better deal from your current provider, without the need to switch to a different energy provider at all. 

Doing your research is essential to getting a better energy plan. Before speaking to your current provider about getting a better deal, you need to know what other offers are available to your business. Determining how much you may be able to save by switching will put you in a stronger negotiating position for a better business energy plan with your current provider. 

Be ready to make the switch

Before switching to a new provider, you may want to ask if your current provider is willing to give you a better deal on your business energy. If they know you’re serious about changing to a different provider, they may be more likely to offer you a better energy deal to keep you. 

If your current energy provider is not willing to give you a better deal or is unable to, you need to be willing to make the switch to a different provider. Make sure you understand what would be involved in switching, whether there are any additional fees (such as an exit fee for leaving your current plan), and how long it takes to switch to ensure you will not be left without electricity. 

If you do end up switching energy providers, check the full details of the new plan first. It may be worth asking how long the contract is, and if you can get a cheaper deal if you get a longer contract. Find out about all the costs involved, from the cost per kilowatt hour, to any fixed costs, service fees or exit fees. Also, check if the prices can go up during the contract period, which could result in you paying more for energy than you intended. 

If you’re looking for a better energy plan, view our plans and rates here