The rising cost of electricity and gas is a major concern for businesses, especially micro businesses. Micro businesses already struggle to improve their bottom lines, so they need to save on energy bills. While some resource-strapped businesses did not adopt energy saving techniques, the truth is that the rising prices of energy are now forcing them to find the best ways they can source cheaper gas and electricity. In this post, you will learn about energy contracts for micro businesses.
A business contract
A business energy contract tends to be offered for a fixed term. This is unlike domestic energy contracts that are usually based on a rolling basis. A business energy contract also can have a cooling off period, so if you decide to buy business energy, make sure that you understand the terms and conditions before you sign up for anything.
Many business owners are usually concerned of the tendency of some energy suppliers to let a business energy contract simply roll-over instead of notifying their clients that the energy contract is about to expire. Thankfully, there are now controls for energy suppliers that deal with micro businesses.
If you run a micro business, there are a few things you need to prove to an energy supplier to get an energy contract. Energy suppliers that work with Utility Bidder also have to take some steps to determine whether or not your business falls under a specific classification. If it does, then the energy supplier can draw up an energy contract for you.
Despite all these, it can still be a challenge for some small businesses to prove their micro business status to these energy suppliers. An energy supplier may ask a couple of things to help them determine whether or not you operate a micro business. This can include the number of employees who are currently working for your business. Besides this, they also ask for the typical energy consumption and the business turnover.
If you think that you run a micro business but the energy supplier doesn’t agree, then it’s a good idea to approach them so that you can provide the supporting evidence to show that you qualify. The supporting evidence includes information concerning the above criteria.
What you have to look out for before you switch your energy contract
One of the most crucial pieces of knowledge you should have when shopping for the right energy contract is the annual energy consumption for your business. Providing your energy supplier with meter readings can assist you to understand the level of energy consumption and ensure that you are paying for the energy that you are really using.
Therefore, you need to speak with your current energy supplier and find out if they have the right energy deal for your micro business. If they do, you can save a lot of money with the current energy supplier. This is also important because you can use the information as a benchmark when comparing energy deals with other energy suppliers that work with micro businesses.