It may sound like basic business advice to help reduce overheads but all organisations should compare business utilities on a regular basis.
The idea is that they will be able to lower their energy bills and boost profitability at the same time.
The first step is to find whether the organisation is paying more than they need to for their business energy needs and for this they will need their energy bills to hand.
They can go online and check with a like-for-like comparison website but they need to appreciate that the business energy market works along different lines to that for the domestic market.
Also, the business energy supplier will tailor their offering to a business customer’s own needs so the comparison websites will not really tell the full story.
Business comparison websites to compare energy prices
However, the business comparison websites to compare energy prices will give a clear indication of how much money a business can save by switching energy suppliers.
And an even better way of finding out how much money can be saved is to contact the helpful team at the Business Utility Hub who will have access to the latest deals and tariffs to find the best offering for the organisation.
One way of reducing business energy bills is to sign up for a fixed term with a new supplier which will lock the organisation into a price per unit that will last for the term of their contract.
This is also a good idea with energy experts predicting that the cost of energy is set to rise substantially over the coming months and years.
Another quick tip for reducing the bill still further is to pay by direct debit since most business energy suppliers will offer a discount for this payment method.
Comparing business utilities for the best price and service
Also when comparing business utilities for the best price and service it is important to appreciate that the quotes being offered do not include VAT and this should be added into any calculation made by the business when they decide on which is the best deal for them.
And if the organisation has not switched business energy suppliers in recent years, they are probably on a deemed contract rate which means they are probably paying more than they need to for their energy supply.
While the business is overpaying, their rolling contract means they only have to give 28-days’ notice to their supplier that they are quitting.
For those firms who compare business utilities it will quickly become apparent that there are substantial savings to be made and some firms could save several thousand pounds every year by switching their business gas, electricity and water utilities to a new supplier, so the easiest way of finding out is to contact the Business Utility Hub for the latest deals.