I know how you feel.
You’ve been circulating the price comparison websites and have seen an uber-cheap offer on your small business electricity bill. Your eyes widen, your smile grows, you’ve found the perfect deal for you.
If a contract looks too good to be true, it probably is.
Don’t fall into the trap of a deal that looks ‘cheap’, make sure you look into the finer details and research the market before you sign on the dotted line.
Nothing can beat the services provided by a trustworthy, intelligent electricity broker – but if you’re walking through the electricity wilderness alone, here’s some handy notions to help you light the way.
#1 – Fluctuating Prices
What appears a good deal on the face of it, could have a heap of dramatic charges hiding just beneath the surface, waiting to bite in the coming months.
Always read the fine print, always check the details, always understand what you’re signing up for, before putting pen to paper. Some electricity deals are not fully-fixed meaning that the price, or the unit rates, can rise throughout the duration of the term. You will still be fixed in for the duration of the contract, but the prices could increase!
Make sure you’re signing up for a fully-fixed deal, so that prices don’t skyrocket from right under your nose – potentially leaving your business with cash flow and budgeting problems.
#2 – Hidden Charges
There’s so much more to an electricity contract than the simple unit per kWh you see on the bill.
By not reading deeper you could open yourself up to ever-rising government charges, green taxes and non-commodity charges if you jump into the lowest rate contract immediately.
These charges can be massive, and ultimately, unavoidable.
Again, be sure your price comparison site accounts for all these charges, or be even safer, and ask Outsourced Utilities to seek the best and safest deal on your behalf.
#3 – Poor Customer Service
Bars, restaurants, IT technicians, marketing companies, solicitors – you name it, you want great customer service from it.
Don’t fall to the false promises and pressures of call centres ringing your offices.
No matter how informed you feel, EVERYBODY has a billing query at some stage of their contract.
Read up online about the customer service of each company, or use a broker like Outsourced Utilities, who ensure you get the customer service your business needs to continue operating at maximum strength.
Trustpilot and Google Reviews are friends, make sure you call upon them!
#4 – Hassle
Why sign up to a short term contract with a short term gain? By the time you’ve saved a small amount, it’ll be time to renew again. Which means going through the same tired process, to save a barely noticeable amount.
Plus, by the time you’ve equated you man-hours into the tasks, it’s hardly (if at all) worth the excruciating effort.
So what’s the alternative?
At Outsourced we would recommend one of two things. Either a) have a honest broker find you the best deal, or b) consider a long term fully-fixed energy deal, but only if it is a good price and you have taken everything into consideration.
Both may seem like they are more expensive in the interim, but after you’ve worked out how much time wasting, stress and general hassle you’ve avoided, you’ll be counting your blessings for sure.
#5 – No cooling off period
Once you sign on the dotted line, or click sign on a super cool e-signature document, you are committed to seeing out the contract. With energy costs often in the top 5 of highest overheads for most businesses, it is a big decision and one that you need to get right. From our experience, the old saying ‘buy cheap, buy twice’ is often correct, the only difference being, with energy contracts, you don’t have a second bite at the cherry!
By using a competent electricity broker, you can easily avoid getting snared into a contract that’s a financial drain on your business – giving you peace of mind at last.
At Outsourced Utilities, we provide honest, transparent, flexible service that ensures you have the ideal electricity deal for your business. Open up the conversation by completing the form below;