Cut the cost of electricity for your business in 5 minutes
It's a tough time for businesses. Slumps in consumer spending, rising costs, difficulties accessing credit - we're in one of the most challenging trading environments for decades.
Cutting costs really matters right now.
So where do you look? Electricity for business is an area where easy saving opportunities lay waiting to be realised for many small businesses. But understandably things can be overlooked or put off due to other pressing issue and sadly forgotten about.
Time, or rather the lack of it, is often what's holding small business owners back from cutting the cost of electricity for their business. Happily there are things you can do quickly and with little effort which will make a real difference.
Cost cutting tips
There is no better time to act on these cost cutting, time saving tips. Following any one of them should take no longer than reading this article and together they could save you a tidy little sum.
1. Review your business electricity contract
You'll normally enjoy lower business electricity prices just for committing to stay with an energy supplier for a year or more. And as the prices are fixed, your business is protected from price rises for the duration of your initial fixed term which can be from one to three years. Ask whether your tariff reflects the way you use energy while you're at it. There may be a better option for you.
2. Pay by Direct Debit
You can receive an additional discount for just a little more commitment. Choosing to pay by Direct Debit can also save you the time taken to process payments and even spread your payments evenly over the year. If the amount to pay changes, the energy company will always write to you in advance, so you stay in control of your money. What an easy way to save on the electricity for your business.
3. Just pay for what you're using
Okay, reading your meter may not sound like the best use of your time, but it does mean you're assured of accurate bills. It's actually pretty quick once you're familiar with your meter and with EDF Energy's iphone app, submitting a meter reading of the electricity for your business is now just a little bit cooler (and quicker too).
4. Ask for more value
What else can be included in the deal that may help you save time or money elsewhere in your business? EDF Energy now offers its business electricity customers Select, a new reward scheme that offers immediate discounts for business and the home.
No waiting for points to build up. The offers come to you. Immediate discounts and cashback deals, often on top of existing offers from a wide range of categories – clothing, electricals, stationery, postage and more – are readily available via a dedicated online portal.
You can even share these discounts with your employees – a quick, easy and cost-free way to offer rewards to staff.
Interested in cutting costs, quickly? Then electricity for your business is the perfect place to start. And there's no time like the present.