So, what’s the big issue with waiting to see if your business energy supplier is paying its bills. The answer is that in most cases, when you have a business that is dependent on energy credits (or “bills”), you never know when those bills might disappear. That means that you could be without power, at least for days, as your supplier continues to negotiate with its customers. In some cases, it takes weeks before you receive your next bill. And during that time, your business can be severely disrupted.
Many micro-businesses, like yours, are now on defined tariffs. Usually, it is essential that they know, however, that average tariffs on these contracts are usually on average 80 percent more expensive than charges applied in an unguaranteed contract. In addition, there could be a number of other costs, such as transport and packaging that can further raise the bill. If your business energy supplier cannot or won’t pay your tariffs, you may have no choice but to consider switching. Luckily, there are a number of alternative payment options that are available to businesses looking to improve their cash flow, reduce their reliance on external sources of energy and increase the security of their supply.
There are many things to consider when looking at your options for improving cash flow. The first is making sure that you keep abreast of current market trends. By shopping around for the best rates, you will ensure that your customers always have access to the cheapest rates on the market. You should also make sure that you get a good idea of what your average bill actually is, in order to ensure that you are able to maintain the level of service that has earned you your existing customers’ loyalty.
It is important to look for good customer reviews when browsing the internet for companies that offer business energy suppliers. A well-known supplier will have a number of satisfied customers as well as a number of complaints registered against them. You should try and contact those customers who are willing to share their experience with potential suppliers as well as industry experts. This way you will be able to find the perfect company to deal with, as well as ensure that the supplier you eventually choose provides the best rates and offers excellent customer service. If a large proportion of your potential customers are unsatisfied, it may be better to opt for another supplier.
In addition to looking for reviews, it can also benefit you to speak to the suppliers directly. You will be able to ask them a number of questions relating to their energy prices, and also about the suppliers of services. If you don’t feel comfortable doing this yourself, it can benefit you to use a provider that offers this support to their clients. Often, they can send someone to assess your business electricity prices as well as your gas and electricity needs. This makes it much easier to choose the right supplier for your business needs.
As well as contacting any gas and electricity suppliers that you are looking to work with, it would also benefit you to speak to your own employees. Many employees could be aware of saving money on their bills and could help to persuade their employers to switch business electricity suppliers. The majority of companies would rather pay for cheaper fuel than for worse services, so by asking your employees for ideas on how to make savings, you could help to convince them to switch to a gas or electrical supplier that provides better rates.