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One Simple Way to De-risk Your Business!

by | Apr 20, 2017

One Simple Way to De-risk Your Business!


Save time and hassle in the process of de-risking your business!

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If you plan on your business being around in three, five or ten years’ time, you have to plan ahead. You must minimise risks and maximise opportunities so that you can change and thrive like IBM, Apple and GE; ensuring that you do not stagnate and fail like Blockbuster, Kodak or Blackberry.

 

There is a very simple but often overlooked area where SME businesses can significantly reduce their costs and risks. Energy.

 

Global events play a big role in determining the price of electricity and gas – which all businesses need to function. Unexpected spikes in energy prices can hit your operating costs hard and significantly dent your cash flow – chewing up vital funds that could normally be used elsewhere.

 

The good news is, it doesn’t have to be that way.

 

The Benefits of Long-term Energy Deals

There are a growing number of long-term energy deals that allow you to fix your energy prices for up to five years; which mean you know exactly what you’ll be paying and can plan your finances with confidence.

 

Good energy contracts are especially important for manufacturers, hotels and IT companies where energy often makes up a significant part of their costs. Just imagine filling up your car at the petrol station but paying 2012 prices for your fuel. Those kinds of savings are just one of the advantages of long-term energy deals for your business.

 

Many businesses either stick with the same electricity and gas deals every year or waste hours of time and effort trying to negotiate complicated contracts with suppliers.

 

Instead, a growing number of companies are using an independent commercial energy broker to get them the best deals and save them time and hassle in the process.

 

Aside from long-term fixed-price energy deals, here are 7 others ways a commercial energy broker can help put your business on the path to long-term success:

1. Independence 

If you call a gas or electricity company, they have one goal; to get you to sign-up with them – whether it’s in your best interests or not. If you use a broker, you get independent advice about what’s best for you and your business. Brokers don’t have a special interest in putting you with one particular supplier. Sure, they can make recommendations but because they don’t work for any of the UK’s business electricity or gas suppliers, they can be unbiased in finding you the best prices, deals and contracts.

 

2. Group Purchasing 

If you have multiple sites within your business or work as part of an affiliated group of companies, energy brokers can arrange group purchasing deals where you get discounted prices that wouldn’t be available to you as an individual company or site. These group purchasing deals can save you significant amounts of time, energy and money setting up otherwise complicated contract agreements. Instead, you get cheaper rates more quickly and easily.

 

3. Knowledge

The commercial energy market is a dynamic and fast-changing industry. Getting the best deals takes more than simply comparing quotes from two or three well-known suppliers. It involves a detailed knowledge of everything from different meter types and power supply through to global commodity markets and the terms and conditions hidden in supplier contracts. A good broker will be able to advise you on all aspects of your energy procurement so you end up with the very best deal.

 

4. Contract Management 

The best brokers don’t just deliver great prices. They provide a complete service throughout the life of your electricity or gas contracts. They’ll notify you in advance of your renewal dates to prevent you rolling over into an expensive new contract without your consent. By using a broker, you’ll always have time to find and review the best prices without being forced into an unhelpful contract because you missed the termination notice date.

 

5. Price

By encouraging competition between suppliers, energy brokers can offer you cheaper deals on your electricity and gas bills. Suppliers offer brokers better prices than they offer direct to customers. By using a broker, you can find and secure the best prices.

 

6. Energy Reductions

Good brokers do much more than simply offer cheaper prices; they can help you reduce your energy consumption with simple step-by-step advice too. Sometimes, simple but easily-overlooked changes to your energy consumption can dramatically reduce your bills.

 

7. Personal Service

If you buy direct from a supplier, you face a painful wait on the phone every time you want to speak to someone about your electricity or gas bills. And when you do get through, it’ll probably be an anonymous person you’ve never spoken to seeing your details on screen for the first time.

 

If you use a commercial energy broker, you deal direct with one person you know, like and trust; rather than endless anonymous strangers. You can call your broker whenever you want and let them deal with utility suppliers for you.

 

Want to see the best prices for your business?

Want to get the best electricity or gas deal for your business?

SRK recommends local independent commercial energy brokers Tom Mallens and Dionne Buckingham-Brown. If you contact them and send copies of your most recent electricity or gas bills, they can start finding you the best deals on your energy. Getting quotes won’t cost you anything and there’s no obligation to buy if the deal isn’t right for you.

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Simply email tom.mallens@businessutilitybroker.com or dionne@businessutilitybroker.com. Make sure you include a phone number so they can get in touch and start preparing your quotes. Or, if you have any other questions, give them a call on 01926 800 428 or 07917 005 938.


Thank you for reading! Please leave any feedback and comments below. 

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