What’s the best energy deal for a small or large business?

What’s the best energy deal for a small or large business?

What’s the best energy deal for small or large business?

Finding best Energy deal for a small or large business? they operate differently. The energy need for a business depends on its size and the type of business. With this, most energy retailers offer a range of tariffs intended for small to large businesses. Be guided accordingly. The National Energy Law grants certain protection to businesses. This is applicable in NSW, QLD, SA, Tasmania and the ACT. The distinction is depending on the amount of energy use annually.

The gas thresholds are as follows:

  • Small businesses use less than one tera Joule of gas per year
  • Large businesses use more than one tera Joule of gas per year

One tera Joule (TJ) equals one million megajoules (MJ)

The energy thresholds are as follows:

  • QLD, NSW and the ACT: up to 100-megawatt hours per year
  • Tasmania: up to 150-megawatt hours per year
  • SA: up to 160-megawatt hours per year

One megawatt hour (mWh) equals one thousand kilowatt hours(kWh)

The cost of electricity can easily sink your business if not kept under control. When looking for the best deal, consider the following points:

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Small Business
  • Pay attention to supply charge, this cost might outweigh the usage cost
  • Ensure the energy plan is a no lock-in contract or $0 exit fees
  • Look for a provider that can dedicate an account manager that can help you resolve problems easily
Medium to Large Business
  • Focus on usage charges in addition to supply
  • Ensure you’ll have ongoing discounts that don’t expire
  • Look for a provider that can dedicate an account manager that can help you resolve problems easily

Expect the following from your energy supplier:

  • A written summary of your plan when you sign up
  • Up-to-date information on any changes to an offer
  • Bills with clear and easy-to-understand energy charges
  • May be subject to annual rate adjustments

No matter what size your business is, getting the cheapest energy plan will make a huge difference. Compare your options carefully before deciding. Econnex can help you better.

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