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How to Save on Small Business Energy Costs
Energy costs are a huge consideration in a small business budget. Limiting energy consumption and lowering electricity bills are top business priorities that will translate into profitability. Business customers choose the GoSwitch price comparison service to get an electricity plan that delivers maximum value for their energy usage. Read on to find out more.
Small Business Energy Saving Tips
When it comes to tackling your business energy costs, there are a few strategies that can help immediately.
- Conduct an energy audit of your business operations to identify energy savings opportunities.
- Upgrade to energy-efficient lighting such as LED bulbs for immediate cost savings.
- Optimise heating and cooling systems using smart thermostats.
- Invest in energy-efficient equipment for long-term savings.
- Implement power management policies to minimise electricity usage and lower power bills.
- Use renewable energy such as solar power to reduce environmental impacts and energy costs.
- Foster a culture of sustainability within your small business.
Finding the Best Small Business Electricity Plan
Small business electricity customers have a range of electricity retailers to choose from, each with enticing plans to attract new customers. Finding the right energy solutions can become a time-consuming challenge, and that’s where GoSwitch comes into the picture. At GoSwitch, we make finding the cheapest energy and best deals easy, and Australians are the big winners.
Business electricity charges are divided between fixed daily supply charges and variable usage charges. GoSwitch can help you structure electricity charges to suit your business energy plan. Options include:
- Single Rate Tariffs: The kW/h rate remains the same all day, every day. This can be a good electricity plan for businesses that run 24/7 with consistent power usage.
- Time-Of-Use Tariffs: Variable kW/h rates are applied according to the time of day or time of week the energy is used. Peak hour rates, shoulder rates, and off-peak rates are the norm.
Controlled Load Tariffs: This rate applies to separately metered appliances such as water heaters.
Business electricity retailers offer additional discounts that can include:
- Conditional Discounts: Applied when certain conditions are met, such as pay-on-time discounts.
- Guaranteed Discounts: Applied for the entire contract term, without the need to meet additional conditions.
Choosing the right small business electricity plan can result in significant cost savings. Speak to a business energy specialist at GoSwitch and start saving on energy bills today.
Small Business Energy Saving Ideas
Business owners are on the lookout for a competitive advantage. Energy consumption, energy efficiency, and emissions all play a role. Investing in energy-efficient lighting, insulation, technology, and appliances is a good first step.
Australian state governments often introduce cost-saving incentives, such as rebates to eligible small business owners for installing solar power. Check your eligibility criteria for this and other incentives designed to lower electricity costs.
There’s a lot for small business customers to consider, including sign-up incentives, payment options, discounts for direct debit payments, exit fees, combined electricity and gas, greenpower offers, special deals, and more. For personalised guidance, speak to a GoSwitch energy expert about the best business energy plan for you. Enter your postcode to get started.
How to Choose the Right Electricity Company
With so many competing electricity companies and retailers, choosing the right one can get complex and confusing. Here are a few energy retailer considerations.
- Energy Prices: Compare the user-pays energy usage rates of different retailers. The cheapest option isn’t always the best.
- Contract Terms: Beware of additional charges like GST and exit fees if you switch your provider mid-contract. Some retailers offer flexibility with open, no lock-in contracts.
- Payment Options: Some electricity retailers offer discounts for paying by direct debit. Beware of late-payment penalties.
- Customer Service: Your energy provider should be accessible and easy to contact to discuss service issues or change the contract terms.
- Additional Benefits: Energy retailers offer rewards programs, discounts on other services, and contributions toward sustainability.
At GoSwitch, we make it easy to compare energy providers to suit your energy use needs and budget.
Work Smarter and Save with GoSwitch
Australian small businesses are constantly looking for ways to reduce their energy costs. The GoSwitch Price Comparison Service can find the best electricity deals and gas plans in your area. GoSwitch partners include EnergyAustralia, GloBird, Jemena, United Energy, Citipower Network, AGL, and DODO, to name a few.
You can also use our service for business energy, internet deals, and private health insurance in Australia. The GoSwitch service is 100% free, and the savings are yours to keep.