Electricity is used in everyday life and a Microbusiness, like any other business, also needs electricity for its operations and for its customer connections. Electricity costs are one of the many factors that need to be considered before running a business. Although it is true that electricity Cost’ does not directly affect production or revenues, a business cannot run if its products or services are not provided with power at affordable rates. It is therefore important to analyze current electricity usage trends and compare your current usage with your projected future demands to arrive at a fair and reasonable electricity cost for your Microbusiness.
Here are some ways of helping you:
– Analyze Current Tariffs: Electricity tariffs vary from area to area and you can use the Internet to find out about electricity cost and the current tariffs available from your local electricity suppliers. This will give you an idea about how much you could be paying for your daily consumption if you were to switch to a new supplier. You can then contact them to negotiate new tariffs. Many suppliers offer their services online and to get an idea about possible tariffs, go through the tariff tables provided by the Electricity Supply Association and Energy regulator Ofgem. You can also contact a broker on the Internet to obtain cost comparisons of various suppliers.
– Search for Online Tariff Sheets: There are many sites on the Internet where you can get current tariff tables. These can be used to easily compare how much you are currently paying and compare prices between different suppliers. There are some websites which provide a calculator to estimate the cost per kilowatt hour and can help you decide which tariff would be most suitable for your business electricity needs. You can also contact an independent energy advisor to help you find the right tariff for your particular needs. An advisor may be able to tailor your business electricity needs to ensure it meets all regulatory standards and helps you manage the costs in the best way possible. Most brokers and consultants are also able to help you negotiate a new fixed rate with your existing supplier.
– Negotiate For Renewable Energy: Using renewable energy can reduce your utility costs. The cost of setting up a solar power system can be covered by a solar installation company when approached through a broker or consultant. Similarly, wind power can also be covered by a wind energy installer when approached through a broker or consultant. Your local government may have information about how you can make your electric supply more sustainable and save money at the same time.
– Use Different Billing Systems: Your supplier may have different billing systems in place which makes your bills confusing. By using software you can easily track your expenses and compare them against your income. This will enable you to find which bills may be charging you too much and which ones may be costing you too little. If you find that your utility costs per month are higher than before then you should ask your supplier to alter your billing system or find alternate sources of revenue to cover this gap.
These are just some of the ways in which you can reduce the burden of your electricity and gas supply bills. There are many other ways to cut down on these bills including looking into alternative fuel sources such as biomass and geothermal energy for example. However, if you are looking to cut the largest amount of your bills then look into the various tariffs that are available from a number of different suppliers. With so many tariffs available from different suppliers it is important to find a provider that can offer you the best deal for your circumstances. So make sure you take your time to find the best deals before you sign up to any new standing charge contracts.