In 2017, UK consumers experienced a decrease in gas prices which led to decreased energy prices. Some of the factors contributing to this decrease were the overall warmer climate and the reduction in operating costs of gas suppliers. Aside from this, oil prices in the world market also declined in the past 2-3 years which is excellent news for countries like the UK.
Benefits of comparing business gas prices
Since companies spend a significant amount on energy, comparing deals from several suppliers provides you with an opportunity to benefit from the recent changes in the cost reduction of business gas. In the business gas sector, loyalty to one supplier does not get you any additional rewards. Therefore, before your contract ends, start reviewing your options with other suppliers and seek the assistance of services like Utility Bidder.
Perhaps the main reason that compels businesses to switch to a new supplier is that as soon as your current contract ends, your supplier will immediately move you to their most expensive tariff offering. If you allow this to happen, you will be paying more than you should.
Other ways to reduce business gas consumption
Aside from comparing energy tariffs and switching to a cheaper deal, you can also implement some additional measures which will help reduce your company’s energy consumption. The following are some suggestions:
- Reduce heating temperature by one degree.
- Keep workplace windows closed.
- Keep weather stripping well-maintained.
- Seal all possible air leaks within the business premises.
These simple steps along with investing in high-efficiency technology will help reduce company energy consumption every year.
The effect of switching energy supplier to your business
Some companies are concerned that comparing gas deals and changing from their current supplier to another supplier has a negative impact on their business gas supply. On the contrary, this practice is relatively standard across the country.
First of all, if your concern is supply, then you might feel more confident knowing that all gas suppliers in the country use the same network or connections to distribute gas and electricity to consumers. When you switch from one supplier to another, the agreement is done on paper, and will not have an impact on the physical distribution process.
But you also need to be sure that you are aware of the requirements of your new supplier. Some suppliers require businesses to install a smart meter as part of the contract. Nevertheless, this is also a simple process which will not cause a hiccup in your company operations.
What about renewable energy?
If your company wants to invest in renewable energy sources like solar power, you could get incentives from the government. But before you consider such an initiative, you need to plan the implementation cost and the return of investment carefully. Although installing your own solar panels seems like an attractive idea, you need to study the fine details of such an endeavour because it may not lead to the energy savings you were hoping for in the long run. Nonetheless, solar energy is one step to being less dependent on overseas energy sources such as gas.