Having to temporarily close your business during the Covid-19 pandemic, or indeed having started trading again, could both have a significant impact on your energy bills. In a recent post we covered the true cost of not using the right energy provider and how many homeowners are overcharged for energy use at home.
The same can also be true for your business – whilst some of these reasons may involve a lapse in judgement on your own behalf, other factors may be likened to a lack of insight from a third party too.
So how can you identify if you’re overpaying for your energy?
Wasted energy – Recent research suggests that businesses are paying around £60 million in excess energy bills per year as a result of energy wastage. Fortunately there are a number of ways you can stay on top of this – remote monitoring solutions are amongst the options available to ensure you’re able to manage your energy efficiently.
Incorrect charges – Business rates can often be very complicated and leave a significant gap for errors. If it’s not something that you’re able to regularly check, you may be overpaying in some areas of your energy bill that you had previously not considered. This may well read true if you’ve spent the lockdown period with your doors closed – fortunately incorrect charges can be recovered up to six years after, giving you time to take a deep dive into your energy costs and find where any discrepancies may lie.
Losing track of the market – Similar to the example given for homeowners, not staying on top of energy products and suppliers could mean you’re not getting the best deal available on the market. Regularly changing supplier can ensure you get the best deal around and looking ahead a few months before your current energy contract expires could give you a better bargaining position when it comes to price. This could involve remaining with your existing supplier or looking to move elsewhere.
Here are Utility Trade we endeavor to ensure you’re getting the best deal possible and offer solutions for monitoring your energy usage. Furthermore, as we’re independent, we seek the best value for you as a customer, and not the supplier. Get in contact with one of our experts today to see if we can help you save money on your energy bill.
