Regardless of whether you choose individual site solutions or a business energy multisite meter, switching is the best way to reduce the amount that you spend on business energy.
Businesses who fail to properly manage their energy deals can run the risk of being transferred on to out of contract rates. Also known as ‘deemed rates’, these are inflated prices imposed by suppliers when a customer’s contract expires and a new one is not formally agreed. Typically, out of contract rates are some of the most expensive rates offered by a supplier.
Given the average size of multi-site businesses and the total amount of energy they typically consume, being on deemed rates can fast become damagingly expensive. This is why properly managing your business’s energy contracts is so important, particularly for a large business operating from several different sites with either a business multi-site meter or individual agreements. Switching contracts when possible is the best away to avoid being caught on these inflated rates.
It’s worth noting that not all suppliers will be able to offer you a business energy quote, and not all will be able to cater for a business multi-site meter. The business energy quotes available to you will depend on a number of factors, including:
- How much business energy you consume within a year
- Your business’s credit rating
When choosing between suppliers, it’s important to prioritise your business’s needs rather than simply looking for the cheapest business energy prices. While low cost business energy deals will always be attractive, you need to also ensure that your supplier offers the level of service that your business requires. This can become even more important if you choose to install a multi-site meter for your business. Once you properly understand what a good deal looks like for your multi-site business, it’s time for you to compare business energy prices and make a switch.