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- Is your business classed as a large business?
- What large business energy plans are available?
- Do you need a large business energy meter?
- How to cut your business energy bills
To help suppliers tailor a large business energy plan to your company’s unique demands, they’ll need some accurate information about your business, such as its location, operational details and ‘size’. ‘Size’ refers to the amount of energy that a business consumes in a year, and it’s an important metric that business energy suppliers use to categorise their customers.
If your business consumes more than 55,000 kWh in electricity or 200,000 kWh in gas per year, then it’s classed as a large business in energy supply terms. The good news is that big companies are usually offered unique large business energy plans and meters to help them manage such large business energy supplies.
Depending on your circumstances, there are a number of different contracts that large business energy customers can avail of:
- Fixed contracts – These are particularly good for new and small business customers who need the security of knowing how much they will pay for their energy in each billing period.
- Flexible rate contracts – This contract is a better choice for businesses who aren’t averse to a small amount of risk so that they can benefit from electricity and gas price fluctuations on the wholesale market.
- Large site peak day demand contracts – These limit the amount of energy that your business can receive each day. It’s a good choice for businesses that want to reduce the energy they consume, so long as they’re aware that exceeding the defined limit can result in heavy fines.
- Interruptible contracts – This type of contract is only offered to large business energy customers. It allows you to pay less per unit for energy in return for letting the National Grid temporarily cut your supply during periods of high demand.
Along with comparing large business energy offers, there are several different types of meters that you can install to help you manage your company’s consumption:
- Half hourly metres – A half hourly meter automatically provides your supplier with readings every 30 minutes for more accurate billing.
- Multi-site meters – A supplier can cater for businesses who operate from multiple different locations by providing one large business energy plan to cover all of their meters.
- Multi-rate meters – This allows a customer to be charged multiple different energy rates, such as one rate for the day time and another, usually cheaper rate during the evening.
Here are some ways that you can reduce what your business spends on energy:
Switch to a better business energy deal
Ultimately, the best way to reduce the amount that your business is spending on energy is to switch large business energy plans regularly. A large business energy broker such as uSwitchforBusiness can help when it’s time to compare energy offers and advise you on the deal that best suits your company’s needs.
Improve your business energy efficiency
Another way to lower your energy bills is to make some changes around your business’s premises:
- Lighting – Maximise the use of natural lighting, install dimmer switches and motion sensors, and replace standard lighting with energy efficient alternatives.
- Heating and cooling – Taking measures to control the temperature in your business premises is another way to help reduce how much you’re spending on energy. Try installing draft excluders and overhead door closers to help maintain the temperature within frequently inhabited areas.
- Refrigeration – If your business operations rely on refrigeration, you’ll need to conduct regular maintenance to avoid wasting energy. This includes checking refrigerator seals and temperature settings and regularly defrosting your freezers.
- Technology – When it comes to energy efficiency, technology has come on leaps and bounds in recent years. Updating your appliances to more modern, energy efficient models will require some upfront investment, but in the long run your business will benefit financially.
How does the Climate Change Levy affect your business energy bills?
The Climate Change-Levy (CCL) is a charge introduced by the government for all businesses who consume over 33000 kWh worth of energy per day. If you would like to reduce the amount that you pay in CCL, then you can sign up for a government Climate Change Agreement (CCA) which can bring down your payments by up to 90%. The CCA is a government agreement that outlines:
- The ways that you’ll reduce the amount of energy that your business uses
- The methods that you intend to use to make your business more energy efficient
Another option is to power as much of your business as possible from renewable sources as these are exempt from the CCL charge.
For more information on how you can save on your business’s overheads, contact uSwitchforBusiness on 0800 188 4930. Our savings experts can help gather and compare large business energy quotes quickly from a wide variety of suppliers. We can then advise you on which tariff and meter best meet the needs of your business.