With power rates increasing rapidly across Australia, a review of your small to medium business power bills is a great way to reduce costs. We have collated a list of information to consider before committing to an energy contract.
- A Copy of your Business Electricity Bill
- National Meter Identifier (NMI)
- What are your electricity rates and charges – peak, off-peak, service and termination fees?
- Any Discounts – are they guaranteed or conditions apply?
The consultant will request information off your bill, so have this ready when you call.
Your National Meter Identifier (NMI) can be found on your company’s energy bill. For more information, read our blog understanding your energy bill to assist you directs you to the different sections of your bill.
Your bill will include different charge elements; simply review your bill to identify these individual costs. You can then compare available alternative providers in your area with your current bill charges.
With your business electricity contract your provider may include a guaranteed discount. This would be irrespective of you paying on time or any other circumstance, the provider is obligated to give you this arranged discount. Also there may be additional discounts available.
Some common additional discounts may include:
- Pay on time – a discount that is delivered only if you pay your bill by the required date;
- Direct Debit – business customers who pay by direct debit;
- Up Front Payment – business account customers receive a discount when they pay a percentage of their bill in advance.
By understanding the above information this will greatly assist you to compare your options for your business’s energy agreement and make the choice whether to switch to an alternative retailer or plan for your company’s needs.