In today’s competitive business landscape, small and medium-sized enterprises (SMEs) are constantly seeking ways to optimise their operations and reduce costs. One often overlooked area for potential savings is energy consumption. By making informed decisions about energy providers, SMEs can not only cut down on expenses but also contribute to a greener future. In this blog post, we will delve into the top three energy switching tips that can help SMEs make the most of their energy choices.
Before you look to switch energy supplier you should check your current energy supply contract to ensure you’re able to do so. You can switch your business energy supplier if:
- You’re not locked into a contract. Make sure to know when your current contract ends.
- You’re on a tariff that you didn’t choose, like when you take over a new place. This is called a ‘deemed’ tariff.
- Your fixed-term contract has finished.
If you’re on a deemed tariff, it’s a good idea to switch since these are often more costly. Usually, you won’t have to pay a fee or give notice to switch.
Our top 3 energy switching tips
1. Research and compare energy plans: One of the primary steps in reducing energy costs for SMEs is to research and compare energy plans from different providers. With numerous energy suppliers available in the market, each offering various rates and packages, SMEs need to find the one that best fits their needs. Online comparison tools and energy consultants can provide valuable insights into the different plans available. It’s essential to consider factors like fixed vs. variable rates, contract lengths, and any additional perks or benefits offered.
2. Understand energy consumption patterns: Before making the switch, SMEs should have a clear understanding of their energy consumption patterns. Analysing historical energy usage data can help identify peak consumption periods and areas where energy efficiency improvements are possible. By understanding these patterns, SMEs can choose a plan that aligns with their usage requirements, potentially leading to more cost-effective rates. Energy monitoring systems and smart meters can assist in tracking real-time consumption, making it easier to manage and optimize energy use.
3. Consider renewable energy options: As the world shifts towards sustainability, adopting renewable energy sources is a prudent choice for SMEs. Many energy providers now offer green energy plans that utilize sources like solar, wind, and hydropower. Switching to renewable energy not only helps reduce carbon footprint but can also lead to long-term savings, as renewable sources are often more stable in terms of pricing. Before switching, SMEs should assess the feasibility of integrating renewable energy into their operations and explore available incentives or subsidies.
Conclusion
Energy switching is a powerful tool for SMEs to control costs and contribute to environmental sustainability. By researching and comparing energy plans, understanding consumption patterns, and considering renewable energy options, SMEs can make informed decisions that positively impact both their bottom line and the planet. Embracing these tips not only enhances financial savings but also reflects a commitment to responsible business practices in an ever-evolving energy landscape.
Get in touch
At Consultiv Utilities, we’re dedicated to helping SMEs navigate the energy market and find solutions for your unique needs. Get in touch today to explore how your business can make smarter energy choices.
Click here to contact our team for support with your energy switching requirements.