Lowering Energy Bills for All Companies


Energy is one of, if not the biggest overhead of many companies, irrespective of size or industry. As this is the case with a lot of businesses large and small, they often pay close attention to how much they spend on gas and electricity to see if their bills are too big. If they feel that they are spending too much on energy, then they’ll feel the need that something should be done to ensure it never happens again. Switching energy suppliers with the help of make it cheaper is one course of action that some businesses take.

It might not seem as obvious as cutting down on energy wastage, but changing energy supplier could mean the difference between your company’s finances being in the black and in the red. Research conducted by Make it Cheaper showed that, on average, businesses would save around 4p per kWh of electricity used, as well as 1.6p per kWh of gas, proving that it pays to switch. However, if you want to make the leap from one supplier to another, you have to time it right.

Every business signs a contract with an energy supplier, many of them on a reasonable-sounding fixed price tariff. Typically, these contracts last between a year and three years, and the only way in which they can be left is when a â˜renewal window’ is activated. It opens during the last few months of your contract, and lasts for 30 days. During the window, you can either choose to renew your contract or leave for another supplier.

While the renewal window provides a great opportunity for businesses to change energy suppliers, many companies aren’t aware that, in order to switch, they have to wait until the window opens. Of 750 companies surveyed by Make it Cheaper, only half said that they knew about the renewal window, whereas just one-fifth of those questioned said that they even remember receiving a letter from their existing energy supplier about the window being open.

If you’re dissatisfied with your current energy deal and are looking for a great way to save money on your gas and electricity bills, your best option is to wait until the renewal window opens. Once it’s open, you should make your move as quickly as possible. With the help of experts like Make it Cheaper, who saved their clients a whopping $88m over the course of 2011, lower energy bills could be within easy reach.

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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