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Ways To Reduce Your Business Energy Bill With a Commercial Energy Broker

Commercial / / By

As a business owner, you will know that your company’s energy bill will often be at the forefront of your overhead monthly budget. As one of the most essential items on the list, the expense, according to Business Energy, can cost small businesses an average of £4,114 per annum, with the average medium-sized business spending up to £7,224.

Fortunately, the UK government has set a restriction on the wholesale price for power and gas at less than 50% of market rates through October 2023. However, this is merely a short-term solution to help businesses get through the winter on their current tariff; Even these savings might not be sufficient on their own alongside the current cost of living. This is why we wanted to bring you some tips to help with monitoring and reducing your energy usage, and make your utility bills less of a burden.

SMBs are seeking quick and easy solutions to save on energy costs now more than ever. This is why we made it our mission to bring you important workplace energy-saving ideas and practices and will look at how to put them into action in your organisation.

Tips to help reduce your commercial energy costs

Consider switching your energy supplier

One of the more time-consuming solutions is typically considered to be transferring your energy supply and finding a less expensive contract. However, it’s also among the finest strategies to lower your company’s energy costs. According to research, 51% of SMBs are reluctant to switch suppliers because they believe the process will be too difficult. Many also voiced worries that the procedure would be excessively expensive and challenging, but we beg to differ. You are most likely to find the best energy deals by switching your business energy broker regularly; this will also ensure that you are left with the most up-to-date, energy-efficient products.

The higher the input, though, the bigger the return when it comes to your company’s energy expense. These worries frequently prevent companies from moving forward and tie them to contracts with antiquated prices. A huge chance to save costs is to consider what you’re paying and either renegotiate these amounts or go elsewhere. Starting from scratch allows you to assess options and select a partner more carefully. You’ll be able to benefit from one-time-only discounts and save money depending on information such as your regular energy consumption, whether you are on a flexible or fixed contract type, and any other ways you get support to reduce the amount of your bills.

If you are keen to switch the energy for your business to a new supplier, don’t forget to…

  • Keep a note of your meter readings, this will ensure that you are not under or overcharged during the switching period and could save your business both time and money
  • Check that you are eligible to switch; Not all energy contracts are easy to opt out of. The complete transfer can be handled for you by businesses like Business Energy or, if your company places a high priority on sustainability, check out Big Clean Switch. They manage the whole transition for you while comparing pricing from the best green suppliers in the UK.
  • Compare suppliers online: Our favourite way to save on your gas or electricity, whether you are a micro business or a full-sized group, is to remember that it’s worth checking online for the best deals. Simply by sharing how much you’re spending on your business energy supply today, an independent broker will be able to find a reputable energy provider to offer you similar rates.
  • Hire a broker to compare prices for you: One of the best ways to keep yourself from getting overwhelmed is to find a professional who can do this for you. Brokers can work alongside small, medium size, and large businesses to consider tariff or supplier options and how they can impact your bill. They will also work with your essential requirements such as solar power and energy efficiency, to ensure that you get everything you need.

Consider the support your business can get with its energy bill through offers such as the Energy Bill Relief Scheme, and apply for grants online

SMBs can benefit from several programmes, loans, and grants the UK government provides for corporate energy efficiency. These, in the opinion of EDF Energy, are intended to assist businesses, implementing energy efficiency measures, saving money on the initial costs of energy efficiency resources, reducing waste, and developing sustainable strategies throughout the business.

The government website offers a wide variety of energy awards for businesses to select from. They also presently provide the following incentives for using renewable energy:

  • Clean Heat Grant: for organisations that incorporate green-heating tech into their energy supply system. 
  • Green Gas Support Scheme: for companies that use biomethane injections.