5 Tips to Compare Electricity Plans for Your Business

pay for their electricity usage in advance at discounted rates. However, there are some drawbacks: once you sign a contract with an energy provider, there’s no way out until its conclusion unless something unexpected happens like bankruptcy or unexpected termination.

5. Consider the extras.

When you’re comparing electricity plans, be sure to consider the extras. Most energy providers offer their customers several freebies to help offset their energy costs and make them more affordable. These extras can include:

• Free energy efficiency audits
• Free energy management tools
• Free energy efficiency programs, like rebates or incentives for installing solar panels or LED lights, or offering services like performance assessments and audits to determine how much money you could save on your monthly bills if you made some upgrades. Check with your utility company first to see which ones they offer before signing up for any one program in particular — there may be one that’s better suited for your situation than another!

If you’re comparing electricity plans, make sure you’re looking at all of the factors that will affect your energy bill.

• Consider the size of your business. The amount of power used by a company is often based on how big it is. Large companies may need to run larger machinery and equipment than smaller companies, which can increase the cost of running their businesses if they use more energy.
• Consider seasonality in your location and business type when comparing electricity plans for your business. For example, many businesses rely heavily on air conditioning during the summer months and heating during the winter months. If this is true for yours, then consider this when choosing an electricity plan so that you can find one with lower rates during these times of the year.
• Consider what type of business you are running, as well as its location, when comparing electricity plans for your business. For example, a manufacturing plant may require significantly more power than an office building because it needs machines to operate around the clock; therefore, it makes sense that manufacturing plants would have higher bills than offices for similar usage levels. Similarly, if you are located far from major cities where most people live (and thus more likely to have lower rates), then this could also affect how much money each kWh costs in those areas vs another part of town where there’s less competition between providers (and therefore higher prices).