How Electricity Tariffs Cost Your Business Money
You can use price comparison sites to find out what the rates are and see at a glance where one company stands as compared to another. If you haven’t signed up for business electricity yet and agreed to a contract, then you have your pick of them and can get a great deal with your business electricity rates. If you have signed up already, then it may be time to reevaluate your current rates and take action to get better ones.
How the Rates Are Determined
You have to understand this breakdown of rates to really know if you are being charged a low price or not. You may be getting a great per unit rate but a poor standing charge rate, and it could be something the electricity supplier has no control over due to where you are located.
You should also be aware of the way you are being charged. If you are charged every half hour, then you are likely paying much more than someone who is charged hourly. While an hourly charge is standard, there are some electricity suppliers out there charging by the half hour, and their subscribers are paying far more for their power than they need to be.
Doing the Comparison
You can perform a price comparison as often as you need to at price comparison sites. These sites give you the tools to check out quotes from providers in your area for your particular business size. Every business should take the time to compare rates and ensure they are getting a good deal, even if they are already signed up for a particular rate.
Price comparison sites are there for you to use as often and as freely as you like. They provide a free resource that enables you to know what the rates are at all times. By doing a business electricity tariff comparison, you can know what the going rate is and what would qualify as a good deal.
Many times, the electricity comparison sites do provide an estimated price. It’s the same estimate you would get from the electricity supplier itself, however, until you give them more details. The comparison sites usually only ask for a few pieces of information to give you a quick quote. The actual price may differ slightly, but it’s going to be very close.
Many price comparison sites also offer price negotiation services. People who are already signed up on a contract can benefit from this just as easily as people who have not yet signed a contract. You can renegotiate your current rates, and if the electricity supplier agrees, then they will likely ask you to sign a longer contract with them.