Energy plans Archives - Next Business Energy https://nextbusinessenergy.com.au/blog/category/energy-plans/ Because your business deserves better Fri, 05 Jul 2024 04:40:33 +0000 en-AU hourly 1 https://wordpress.org/?v=6.8.1 https://nextbusinessenergy.com.au/wp-content/uploads/2023/08/cropped-fav-icon-32x32.jpg Energy plans Archives - Next Business Energy https://nextbusinessenergy.com.au/blog/category/energy-plans/ 32 32 The Changing Face of your Energy Bill https://nextbusinessenergy.com.au/blog/the-changing-face-of-your-energy-bill/ Wed, 05 Jun 2024 00:30:12 +0000 https://nextbusinessenergy.com.au/?p=10247 The post The Changing Face of your Energy Bill appeared first on Next Business Energy.

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If you keep a close eye on your energy bills, you may wonder why the costs often jump around. Your business energy bill has various components that are subject to change depending on various factors and considerations. At Next Business Energy, we support businesses looking to better understand their energy bills. 

This article explores fluctuations in usage charges and explains why your bill may be changing. For a comprehensive breakdown of your energy bills, read our bill explainer

Usage Charges

These charges reflect the amount of energy your business consumes over a specific billing period and are measured in kilowatt-hours (kWh). To calculate this figure for an individual device, you multiply the device’s power rating (watts) by the number of hours it was used. 

Usage charges form a significant portion of your energy bill and vary depending on your consumption patterns. There are multiple types of usage charges, which we have included below, along with a few strategic tips. 

Time of Use (ToU) Tariffs

ToU tariffs are designed based on the principle that energy costs vary at different times of the day. Prices are typically higher during ‘peak’ hours when demand is greatest, usually early in the morning and evening when residential and commercial usage coincide. Mid-day might see ‘shoulder’ rates, which are lower than peak rates but higher than off-peak rates. The lowest rates are available during ‘off-peak’ hours which due to the massive increase in rooftop solar, is moving from night time to during the day.

     

      • Strategic Tip: Businesses can capitalise on ToU tariffs by shifting high-energy consumption activities to off-peak periods. This could mean running heavy machinery, charging electric vehicles, or performing energy-intensive tasks when rates are lowest, thus reducing overall energy expenditures.

      • Strategic Tip: Consider upgrading your meter to a new “smart meter” which can support Time of Use tariffs, and offer other benefits.

    Anytime or Flat Tariffs

    Flat tariffs are straightforward—they offer a consistent price per unit of energy used, regardless of the time or level of demand. This simplicity makes budgeting easier since energy costs can be predicted without considering time variations.

       

        • Strategic Tip: Flat tariffs don’t offer the cost-saving potential of ToU tariffs during off-peak times, but they provide stability and predictability for businesses with operations that can’t easily be shifted to different times of the day.

      Demand Tariffs

      Demand tariffs are based on the maximum rate of electricity drawn from the grid over a given period, usually assessed as the business’s highest Demand within a demand billing cycle. Distributors are increasingly moving customers to demand tariffs, as they are considered a more equitable way to charge for network costs.   Demand tariffs include a charge based on the highest recorded demand, reflecting the cost to the utility of providing sufficient capacity to meet the peak demand times specified by the Distributor.

         

          • Strategic Tip: To minimise costs on a demand tariff, it’s crucial to manage your peak demand. This can be achieved by staggering the use of major appliances or machinery so that they are not operating simultaneously, thereby reducing the peak energy demand recorded during any given period.

          • Strategic Tip:  Understand when your local Distributor’s demand times are and stagger turning on large equipment, as machine start-up can be when machines draw the most electricity demand.  This will reduce your demand load, during those peak demand periods.

        Controlled Load Tariffs

        Controlled load tariffs apply to specific appliances, typically electric water heaters, that use electricity during designated off-peak times. Traditionally, these tariffs leveraged lower night-time rates. However, with the increasing proliferation of solar power, many businesses and homes can also benefit from reduced daytime rates when solar generation peaks.   

           

            • Strategic Tip: Consider moving controlled systems to charge or boost during the day, at lower rates.

          Supply Charges

          Supply charges are the fixed daily costs associated with bringing electricity or gas to your premises. These charges cover the maintenance of the energy grid, metering, and other administrative duties that your energy provider must perform, regardless of how much energy you use.

             

              • Strategic Tip: While a low daily rate may be attractive, you need to balance that with your usage rates. If you have low usage levels, look for a lower daily rate. If you use a lot of power, focus on finding the best usage rates for your needs.

            Understand Your Energy Bill’s Changing Face

            Understanding the nuances of different energy tariffs can empower Australian businesses to make informed decisions about their energy use. By aligning business operations with the most advantageous tariff structure and adopting strategic energy management practices, businesses can achieve significant savings and enhance their sustainability efforts. Whether it’s shifting hours of operation, upgrading to energy-efficient appliances, or installing energy management systems, there are numerous ways to optimise energy expenditures effectively.

            The post The Changing Face of your Energy Bill appeared first on Next Business Energy.

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            Maximising energy savings in your commercial kitchen https://nextbusinessenergy.com.au/blog/maximising-energy-saving-in-your-commercial-kitchen/ Tue, 06 Feb 2024 23:43:42 +0000 https://nextbusinessenergy.com.au/?p=10033 The commercial kitchen is the heart of many small businesses, from bustling cafes to intimate restaurants. However, it can also be a significant source of energy consumption. With Next Business Energy, we can help you transform your kitchen into an energy-efficient hub, ensuring your business thrives financially and sustainably. Understanding Your Energy Usage Before diving […]

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            The commercial kitchen is the heart of many small businesses, from bustling cafes to intimate restaurants. However, it can also be a significant source of energy consumption. With Next Business Energy, we can help you transform your kitchen into an energy-efficient hub, ensuring your business thrives financially and sustainably.

            Understanding Your Energy Usage

            Before diving into energy-saving strategies, it’s vital to understand your kitchen’s energy usage. This involves identifying the primary areas of energy consumption, such as cooking equipment, refrigeration, and lighting. Once you have a clear picture, you can implement effective energy-saving measures.

            Efficient Cooking Equipment

            • Upgrade to Energy-Efficient Appliances: Investing in energy-efficient cooking equipment can significantly reduce energy consumption. Look for appliances with high energy star ratings, as they use less energy without compromising performance.
            • Regular Maintenance: Keep your cooking equipment in top shape through periodic maintenance. This includes cleaning, servicing, and promptly repairing issues to ensure optimal efficiency.
            • Smart Cooking Practices: Train your staff in energy-efficient cooking practices. This may include considering alternatives to gas cooking, such as an induction cooking unit.  

            Refrigeration: Keeping It Cool and Efficient

            • Opt for Energy-Efficient Refrigerators: Choose refrigerators and freezers with good energy ratings. Modern, energy-efficient models can cut energy costs drastically compared to older units.
            • Keep Your Refrigeration Units Well-Maintained: Regular maintenance, such as cleaning the coils and ensuring seals are intact, helps refrigeration units operate more efficiently.
            • Smart Usage: Organise your refrigerator for optimal airflow and avoid overfilling. Also, keeping the doors closed as much as possible minimises energy loss.

            Smart Lighting Solutions

            • LED Lighting: Switch to LED lighting in your kitchen. LEDs are more energy-efficient, have a longer lifespan, and emit less heat, reducing cooling costs.
            • Use Natural Light: Where possible, make the most of natural light. This reduces electricity usage and creates a more pleasant working environment.
            • Install Motion Sensors: In areas that are not continuously used, such as storage rooms, install motion sensors to automatically turn off lights when not in use.

            Heating, Ventilation, and Air Conditioning (HVAC) Efficiency

            • Regular HVAC Maintenance: Ensure your HVAC system is regularly serviced and filters are changed as needed. A well-maintained system operates more efficiently and effectively.
            • Smart Thermostats: Use smart thermostats to control your kitchen’s temperature more accurately. This ensures that energy is not wasted on unnecessary heating or cooling.
            • Proper Insulation: Good insulation in your kitchen keeps the heat in during winter and out during summer, reducing the need for excessive heating or cooling.

            Water Efficiency

            • Install Low-Flow Faucets: Reduce water usage with low-flow faucets and pre-rinse spray valves. This not only saves water but also the energy used to heat it.
            • Fix Leaks Promptly: Even small leaks can lead to significant water and energy wastage over time. Regularly check for and fix any leaks.

            Employee Training and Engagement

            • Energy Awareness: Educate your staff about the importance of energy efficiency. An energy-aware team can make a big difference in reducing consumption.
            • Encourage Energy-Saving Habits: Foster a culture of energy conservation in the workplace. Simple habits like turning off lights and equipment when not in use can accumulate significant savings.

            Monitoring and Managing Energy Usage

            • Use Smart Meters: Smart meters provide real-time information about your energy usage, helping you identify areas for improvement.
            • Regular Energy Audits: Conduct regular energy audits to assess your kitchen’s energy efficiency. This can highlight opportunities for further savings.

            Partnering with Next Business Energy

            • Tailored Energy Solutions: NBE offers energy solutions specifically tailored to the needs of your commercial kitchen, ensuring you get the most cost-effective and sustainable options.
            • Expert Advice and Support: Our team of experts can provide valuable advice on maximising energy efficiency in your commercial kitchen.
            • Sustainable Energy Options: Talk to us about how we can help with carbon-neutral and renewable energy-based plans.

            Energising Your Commercial Kitchen

            By maximising energy savings in your commercial kitchen, you’re cutting costs and contributing to a more sustainable and environmentally friendly business model. Next Business Energy can help you turn your kitchen into a more efficient, cost-effective, and eco-friendly operation.

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            Choosing an energy retailer & benefits of switching to NBE https://nextbusinessenergy.com.au/blog/choosing-an-energy-retailer-benefits-of-switching-to-nbe/ Tue, 30 Jan 2024 22:42:52 +0000 https://nextbusinessenergy.com.au/?p=10027 Selecting the right energy retailer is a strategic decision for small businesses. It’s not merely about cost savings; it’s about forming a partnership with a provider that truly understands and caters to your unique business needs and values. Next Business Energy (NBE) stands out as a beacon in this regard, offering tailor-made solutions for small […]

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            Selecting the right energy retailer is a strategic decision for small businesses. It’s not merely about cost savings; it’s about forming a partnership with a provider that truly understands and caters to your unique business needs and values. Next Business Energy (NBE) stands out as a beacon in this regard, offering tailor-made solutions for small enterprises.

            Deciphering the Energy Retail Market

            To make an informed decision, it’s crucial to understand what separates one energy retailer from another:

            • Competitive and Fair Pricing: Look for retailers providing straightforward, competitive rates without hidden charges.
            • Bespoke Solutions: A retailer that offers customised plans according to your business size and industry is invaluable.
            • Customer Support: Responsive and effective customer service is a must.
            • Eco-Friendly Options: With growing environmental concerns, retailers offering sustainable energy solutions are increasingly important.

            Why Small Businesses Should Reconsider Their Energy Retailer

            Enhanced Cost Management

            Switching energy retailers can lead to significant cost savings and provide more predictable energy expenditures. This is crucial for any small business’s financial health and stability, especially in times of economic fluctuation. 

            Small businesses can allocate their resources more effectively by finding a retailer that offers better rates and terms, leading to overall financial growth and stability.

            Superior Service Quality

            A change in energy provider can dramatically upgrade the level of customer service and support you receive. This enhanced support means more than just resolving issues quickly; it’s about having a partner that proactively helps you manage your energy consumption more efficiently, making energy management a seamless and hassle-free aspect of your business operations.

            Technological and Environmental Advancements

            By opting for a retailer that offers innovative and eco-friendly energy solutions, you can position your business at the cutting edge of your industry. I’s about leveraging the latest technology to improve efficiency and productivity while demonstrating a commitment to environmental responsibility, which is increasingly important to consumers and business partners.

            The Advantages of Switching to NBE

            Tailored Energy Plans for Small Businesses

            NBE stands out by creating energy plans specifically designed for the unique needs of small businesses. This means that your energy package is a tailored strategy that perfectly aligns with your business’s operational requirements and goals. Such customisation ensures that you’re not paying for unnecessary services.

            Competitive Pricing Without Hidden Surprises

            Our commitment at NBE is towards transparent and fair pricing. This means no hidden fees, price hikes, or confusing tariffs. Price clarity allows businesses to plan and budget their expenses more effectively, leading to potential cost reductions and better financial planning.

            Unmatched Customer Support

            At NBE, our team is dedicated to delivering exceptional customer service, setting us apart in the energy market. We understand that quick and effective responses are crucial, so we ensure that our team is always ready to address your needs promptly and efficiently. This level of support provides a smooth and stress-free energy management experience for your business.

            A Commitment to Green Energy

            NBE offers diverse green energy options, allowing your business to contribute actively to environmental sustainability. By choosing our green energy plans, you reduce your carbon footprint and improve your corporate image as an eco-friendly brand. This commitment to sustainability can open new doors for your business, attracting eco-conscious customers and partners who value environmental responsibility.

            NBE’s Additional Services

            At NBE, we go beyond just supplying energy. We offer:

            • Energy Audits: Understand your energy usage better and identify saving opportunities.
            • Smart Technology Solutions: Utilise our advanced technology for efficient energy management.
            • Renewable Energy Consultations: Explore how your business can benefit from renewable energy sources.

            Energising Your Business’s Future

            Choosing the right energy retailer is a step towards a more sustainable and efficient operational model. By switching to Next Business Energy, your business not only gains access to cost-effective energy plans but also becomes part of a movement towards innovation and sustainability in energy usage. Empower your business’s future with NBE.

            The post Choosing an energy retailer & benefits of switching to NBE appeared first on Next Business Energy.

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            Happy New Year! Is It Time To Compare Your Business Energy Plan? https://nextbusinessenergy.com.au/blog/happy-new-year-is-it-time-to-compare-your-energy-plan/ Tue, 16 Jan 2024 23:23:16 +0000 https://nextbusinessenergy.com.au/?p=9995 Welcome to the New Year – a time of fresh starts and new beginnings. It’s an ideal moment for businesses, particularly small businesses, to take stock and re-evaluate their operational strategies for better efficiency and effectiveness. One critical area is the management of energy consumption and costs.  As we enter the New Year, let’s explore […]

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            Welcome to the New Year – a time of fresh starts and new beginnings. It’s an ideal moment for businesses, particularly small businesses, to take stock and re-evaluate their operational strategies for better efficiency and effectiveness. One critical area is the management of energy consumption and costs. 

            As we enter the New Year, let’s explore how Next Business Energy can help you find more efficient and economical business energy solutions.

            Understanding Your Current Electricity Plan

            Before you consider new options, it’s crucial to have a comprehensive understanding of your current situation. Assessing your existing electricity plan involves several key factors:

            • Examine Your Expenditure: Take a close look at your energy bills. Understand the rates you are being charged and consider if they reflect good value for your business.
            • Service and Support: Evaluate the service and support you’re receiving from your current provider. Does it meet your business’s unique needs?
            • Analyse Usage Patterns: Recognise your business’s energy usage trends. Identifying peak consumption times can be pivotal in understanding how to better manage your electricity.

            This baseline knowledge is essential for comparison and will guide you in identifying areas ripe for improvement.

            The Benefits of Comparing Energy Plans

            Cost-Effective Solutions

            For small businesses, managing budgets is paramount. Comparing electricity plans can reveal opportunities for significant cost savings, allowing you to allocate financial resources more effectively elsewhere in your business.

            Customised Services

            Every business has its unique requirements. By exploring different plans, you can find a provider that offers services and solutions best suited to the specific needs of your business, from customer service excellence to flexible billing options.

            Embracing Sustainability

            Environmental responsibility is increasingly important in today’s business world. Opting for an electricity plan that supports sustainability not only helps in reducing your ecological footprint but also boosts your reputation as an eco-conscious brand.

            Next Business Energy: Your Ally in Energy Efficiency

            Next Business Energy is dedicated to providing small businesses with energy plans that are not just competitive and transparent but also customised to their specific needs. Our approach includes:

            • Competitive Rates: We actively monitor market trends to ensure our pricing is among the best available.
            • Tailored Support: Our dedicated account managers provide bespoke advice and support, understanding that each business is unique.
            • Smart Technology: Utilise our cutting-edge technology to manage and optimise your energy usage.
            • Green Energy Options: Choose from our range of sustainable energy solutions to align with your environmental values.

            How to Compare and Choose the Right Plan

            Define Your Requirements

            First, understand your business’s energy needs. Factors such as business size, hours of operation, and special energy requirements should influence your decision.

            Explore and Compare

            Investigate various energy suppliers and compare what they offer. Pay close attention to tariff rates, contract terms, and the range of services provided.

            Transparency in Costs

            Avoid unexpected expenses by thoroughly understanding the terms and conditions of any plan. This transparency is critical to making an informed decision.

            Transferring Supplier Made Easy

            Are you concerned about the complexities of switching providers? Next Business Energy ensures a smooth and straightforward transition, managing the process from start to finish with minimal disruption to your business operations. Our processes are specially designed to expedite your transfer with zero fees.

            Empowering Your Business for the Future

            The New Year is a time for positive change. Reassessing and optimising your business energy plan can bring significant benefits, from cost savings to improved sustainability. Next Business Energy is not just an energy supplier; we are a partner dedicated to empowering your business with efficient and sustainable energy solutions. Compare, switch, and step into the New Year with a renewed focus on business efficiency and growth.

            The post Happy New Year! Is It Time To Compare Your Business Energy Plan? appeared first on Next Business Energy.

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            The Impact of Employee Habits on Energy Usage and Cost Savings https://nextbusinessenergy.com.au/blog/the-impact-of-employee-habits-on-energy-usage-and-cost-savings/ Wed, 01 Nov 2023 03:35:20 +0000 https://nextbusinessenergy.com.au/?p=9652 In the world of business, efficiency is the name of the game. As companies try to streamline their processes and optimise resources, it is critical to consider the role employee energy usage plays in reducing energy consumption.  By minimising their environmental footprint and embracing energy-saving initiatives, businesses can work together to go green and significantly […]

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            In the world of business, efficiency is the name of the game. As companies try to streamline their processes and optimise resources, it is critical to consider the role employee energy usage plays in reducing energy consumption. 

            By minimising their environmental footprint and embracing energy-saving initiatives, businesses can work together to go green and significantly cut costs. 

            Raising Awareness

            One of the most cost-effective energy conservation methods can be found in raising awareness. Although many employees understand the implications of their actions, some may need teaching and encouragement to adopt sustainable habits. Businesses can conduct workshops, provide educational materials, and integrate energy-saving tips into the company’s culture to raise awareness and foster change. 

            To foster these changes in employee energy usage, businesses can explain how employees may make some changes at home. Showing how it can directly help their homes might encourage them to adopt the same practices at work. 

            Companies may also incentivise change through competition and rewards. By giving something for employees to work towards, they’ll likely want to take part and may learn about the importance of saving energy. 

            Encourage Workspace Efficiency

            Businesses might encourage employees to customise their workspace while keeping efficiency in mind.  There is evidence that a lot of energy can be saved by doing/implementing the following:

            Occupancy lighting and sensing heating systems – These systems only activate when they detect movement within a specific range, meaning they only work when needed. Companies may use these to provide convenience as they don’t have to be manually adjusted. This adds comfort and convenience for employees, increasing productivity without wasting energy. 

            Automating desk cluster plugs – These are plugs that switch off power if devices go unused for an extended period. Automating these tasks allows employees to focus more on their work without wasting electricity.   

            Automation through desktop apps – Employees who use apps to control laptops, monitors, phones and desk lights will likely participate in energy conservation as the process will be easier to do from one application. 

            Turn the lights off – Employers can encourage their staff to turn off lights when leaving offices or instead maximise using natural light sources. 

            After Hours Audit – Conducting an after-hours audit can ensure that all necessary equipment is switched off. This action alone can return significant energy savings over time. 

            By collectively using multiple methods listed and turning them into cultural norms, businesses will see substantial energy savings over time. 

            Thermostat Policy 

            Creating a temperature-setting policy can prevent unnecessary heating, cooling and conflict between staff. Employers should instead encourage employees to dress in layers to adapt to minor temperature changes. However, companies can tell their team to provide personal climate control to balance comfort and conservation. 

            Is Commuting Worth It?

            Employees can consider the impact of how they get to and from work. Businesses can help by encouraging and incentivising carpooling, biking, and public transportation. Since COVID-19, many companies have Introduced working-from-home options that reduce the need to travel and save office space. 

            Making Impactful Change With Energy Usage

            To understand the benefits of these initiatives, it is important to regularly monitor and audit all processes to generate valuable data to understand what measures need to be taken and what ones need improving to make the biggest savings.  

            The benefits of addressing employee habits on energy usage should be taken seriously. By encouraging a culture of awareness while providing the necessary tools, businesses can generate significant reductions in energy consumption while making impactful cost savings. 

            At Next Business Energy, we champion the move towards a more sustainable and cost-effective future. Embrace energy efficiency, and watch your business thrive both financially and ethically.
            Visit our website for more information on the impact of investing in energy-efficient lighting for your business.

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            Is it time to compare your business energy plan? Find out if you could save more https://nextbusinessenergy.com.au/blog/is-it-time-to-compare-your-business-energy-plan-find-out-if-you-could-save-more/ Mon, 15 Nov 2021 04:46:00 +0000 https://nextbusinessenergy.com.au/?p=7691 Businesses have many expenses, and it can be difficult to stay on top of everything. With energy being one of the biggest expenses, having the right business energy plan is crucial to getting the best deal on your energy costs.  If you haven’t recently compared your business energy plan, now may be the time to […]

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            Businesses have many expenses, and it can be difficult to stay on top of everything. With energy being one of the biggest expenses, having the right business energy plan is crucial to getting the best deal on your energy costs. 

            If you haven’t recently compared your business energy plan, now may be the time to do so, to see if you could be saving more. 

            The right energy plan

            Choosing the right energy plan can have a big impact on your energy costs. You need it to suit your specific business needs, and there are numerous factors to consider. 

            Your energy plan should suit the size of your business premises to ensure you’re getting charged for the amount of energy you’re using, and not getting charged more than you need to be.

            Consider your heating and cooling needs. Heating and cooling uses a significant amount of energy, so depending on how much heating and cooling you use, you may need this to be factored into your energy plan, so you’re not paying through the roof. If your business uses a significant amount of refrigeration, this will also impact your energy bills. 

            What kind of energy meter do you have at your premises? If you have a smart meter, it can provide more accurate information on your energy usage. Time of use can impact energy costs, especially if you’re on a demand meter, and you’re using energy during peak demand times. 

            When looking at energy plans, consider whether you want a fixed price over a longer period, or a price that changes with market price changes. 

            If your business is looking to invest in renewable energy, whether through installing solar panels or by selecting Next GreenPower for your electricity plan, this can impact your energy plan. 

            Review your energy consumption and costs from the previous year to get an idea of whether your current energy plan still suits your needs. You are likely to find areas where you could be saving on energy. 

            There are many options when it comes to energy plans, and there is no one-size-fits-all solution. 

            Changing business needs

            Your energy needs can change throughout the year, so it’s important to review your energy plan and business needs on a regular basis. 

            Your business may grow over the year, which may involve expanding with more employees, moving to a new premises, and purchasing more equipment. All these factors will increase energy consumption. 

            Alternatively, you may downsize your business and have more people working remotely. This may involve you moving to a smaller office, and will result in a decrease of your energy usage, however, if you remain on the same energy plan you may be paying the same amount even though you’re using less energy. 

            Energy bill comparison

            While comparing energy plans from various providers requires time and research, it may help your business save a considerable amount of money on energy bills. 

            Electricity prices can change regularly, as the electricity market changes (both up and down),  so it’s a good idea to compare your plan on an annual basis to find the best deal for your business. Before looking elsewhere, you may want to speak to your current provider about whether they can offer you a better deal on your energy. Though it may still be worthwhile doing some research into other plans available, so you have a better understanding of what you can ask for. 

            At Next Business Energy, we pride ourselves on providing competitive rates. Compare your current energy provider to our rates to see if you could be saving money on your energy bill.

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            Getting the right energy deal for your business https://nextbusinessenergy.com.au/blog/getting-the-right-energy-deal-for-your-business/ Wed, 21 Jul 2021 05:32:02 +0000 https://nextbusinessenergy.com.au/?p=7335 There are a lot of options when it comes to your business energy plan. Getting the right plan for your business energy may help you save a lot of money on your energy bills.  It’s important for business owners to assess their energy needs regularly and make sure they are getting the best deal with […]

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            There are a lot of options when it comes to your business energy plan. Getting the right plan for your business energy may help you save a lot of money on your energy bills. 

            It’s important for business owners to assess their energy needs regularly and make sure they are getting the best deal with their energy plan, and not paying more for business energy than they need to. 

            Understand the energy market and your energy needs

            Many business owners, after signing up for an energy plan, don’t bother to review it regularly to see if they can get a better plan, but getting the best energy offer that suits your business needs is worth doing. 

            Keep on top of the energy market and regularly review your energy plan and invoices to ensure you’re getting the best rates for your business. 

            Talk to your provider about your current energy plan. Discuss your energy needs, as they may have changed since you signed your contract. 

            You can ask your energy provider to provide you with your energy data for the last 12 months. 

            This will show you your business’s energy usage, and how it varies throughout the year. Using this data, you can determine what energy plans may suit your usage needs, as well as look for potential areas of savings. 

            Compare energy offers

            Do some research on energy plans available, and compare plans and costs in your state. 

            You may find that after doing a comparison, you can get a better deal from your current provider, without the need to switch to a different energy provider at all. 

            Doing your research is essential to getting a better energy plan. Before speaking to your current provider about getting a better deal, you need to know what other offers are available to your business. Determining how much you may be able to save by switching will put you in a stronger negotiating position for a better business energy plan with your current provider. 

            Be ready to make the switch

            Before switching to a new provider, you may want to ask if your current provider is willing to give you a better deal on your business energy. If they know you’re serious about changing to a different provider, they may be more likely to offer you a better energy deal to keep you. 

            If your current energy provider is not willing to give you a better deal or is unable to, you need to be willing to make the switch to a different provider. Make sure you understand what would be involved in switching, whether there are any additional fees (such as an exit fee for leaving your current plan), and how long it takes to switch to ensure you will not be left without electricity. 

            If you do end up switching energy providers, check the full details of the new plan first. It may be worth asking how long the contract is, and if you can get a cheaper deal if you get a longer contract. Find out about all the costs involved, from the cost per kilowatt hour, to any fixed costs, service fees or exit fees. Also, check if the prices can go up during the contract period, which could result in you paying more for energy than you intended. 

            If you’re looking for a better energy plan, view our plans and rates here https://nextbusinessenergy.com.au/get-a-quote/

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            When was the last time you assessed your energy plan? https://nextbusinessenergy.com.au/blog/when-was-the-last-time-you-assessed-your-energy-plan/ Mon, 29 Mar 2021 05:37:12 +0000 https://nextbusinessenergy.com.au/?p=6972 Do you have the right energy plan for your business? Many business owners are too busy to spend time considering their energy usage, but it’s important to avoid getting complacent about your business’s energy plan.  Re-evaluating it each year to ensure your existing plan continues to serve your business’s needs and provide you with the […]

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            Do you have the right energy plan for your business?

            Many business owners are too busy to spend time considering their energy usage, but it’s important to avoid getting complacent about your business’s energy plan. 

            Re-evaluating it each year to ensure your existing plan continues to serve your business’s needs and provide you with the best price possible is crucial. 

            Understanding your energy consumption

            Making an effort to monitor business energy consumption is essential if you want to save on your current consumption. To make savings on energy, you need to know how your business is using it. 

            Businesses often face budgeting challenges and costs each month. A large portion of these costs are often attributed to energy usage. Many businesses do not have a good understanding of their energy usage and costs. They pay the bills each month without actually reviewing them or look for opportunities to improve consumption. 

            Assessing the energy efficiency of your business may provide valuable insight to help develop ongoing energy-saving habits. This information may also be used to create a more environmentally friendly business and invest in sustainable options such as solar energy.

            Conducting an energy efficiency assessment may assist you in identifying your current energy consumption and areas for improvement. This may help you identify the energy consumption of individual pieces of equipment and appliances. 

            Understanding your energy usage can help you make decisions for your business. Gain insights into daily energy consumption and overall demand and this may help you identify potential savings or areas of improvement. 

            Reducing your energy costs can help you lower overall business overheads. Cutting expenses such as your monthly energy bill thereby has the potential to improve your margins and profitability. 

            Changes to your energy usage

            Your business energy needs may change year after year, especially as your business grows, so it’s important to continue to assess your energy needs and current consumption to ensure your plan is best suited for your business.

            Consider any company growth over the next 12 months. What impact might this have on your energy usage?

            If you’re planning to move office or expanding the one you have, consider how this will affect your energy consumption. You may want to talk to your provider to ensure you have a smooth transition if you need to switch your energy to a new address. 

            Assessing your current energy usage can help develop strategies for future energy bill savings. This may include upgrading your office equipment to more energy-efficient alternatives or even switching to LED light bulbs and motion sensor lighting.

            As your business energy needs change, so too should your energy plan, so make sure to keep assessing it regularly to ensure it continues to be the best fit for your business. 

            If you want to assess your energy usage to see where you could save, check out our blog on how to conduct an energy audit

            The post When was the last time you assessed your energy plan? appeared first on Next Business Energy.

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