How to Compare Electricity Quotes as a Western Australian Business Owner
If you’re a business owner in Western Australia, you know how important it is to keep your electricity costs under control. But how do you find the best electricity plan for your business? Comparing business electricity quotes can be tricky, especially if you don’t know what to look for. As a leading independent energy provider in Western Australia, we offer tailored energy solutions and unparalleled expertise for businesses across many industries. Read on for tips to help you compare electricity quotes, save money on your business energy bills, or get ahead and start your free energy analysis today!
Find out if you’re a contestable customer
Before you start thinking about comparing electricity quotes, it’s essential to determine if you’re a contestable customer. If your business’s energy is supplied via the SWIS in Western Australia and you’re not a contestable customer, Synergy is the only energy retailer available to you. However, as a contestable customer consuming over 50 MWh (approximately $15,300) of electricity per year, you can choose from multiple energy providers, plans, and contracts.
Know your energy usage and needs
Before you start comparing energy quotes, you need to know how much electricity your business uses and when. You can find this information on your previous bills or by contacting your current retailer. Knowing your energy usage and needs will help you find a plan that suits your consumption patterns and budget.
Compare apples with apples
Not all business electricity quotes are the same. Some may include discounts, fees, incentives, or other features that can affect the overall cost of the plan. To compare electricity quotes accurately, you need to look at the following factors:
Supply charge
A supply charge is a fixed daily cost that covers the cost of delivering electricity to your premises. It is usually expressed in dollars per day.
Usage charge
This is an electricity usage charge (previously known as consumption or variable charge) that depends on how much electricity you use. It is usually expressed in cents per kilowatt-hour (kWh).
Tariff type
A tariff is the way your usage charge is calculated. There are different types of tariffs, such as flat rate, time of use, demand, or block tariffs. Each tariff has different rates for different times of the day or levels of consumption.
Discounts and incentives
Some retailers may offer discounts or incentives for signing up, paying on time, direct debit, online billing or bundling services. These can lower your overall cost, but make sure you read the terms and conditions carefully.
Fees and charges
Some retailers may charge fees for things like late payments, early termination, meter readings or connection. These can increase your overall cost, so check what fees apply to each quote.
Review your current electricity plan regularly
The energy market is constantly changing, so it’s important to review your plan regularly and make sure it still meets your needs and budget. You should check your bills every month and look for any changes in rates, fees or discounts. By doing this, you can stay on top of your energy costs and find the best deal for your business.
Get Your Tailored Business Energy Plan
As you can see, comparing business electricity quotes is not as simple as it may seem. You need to consider various factors and options to find the best deal for your business. But don’t worry – Amanda Energy is here to help. We are a leading energy retailer in WA, offering completely tailored solutions for contestable businesses in any sector. We analyse your past energy usage against your current and future needs to create a customised energy plan to help you save more. Start your free energy analysis today, or further explore our business electricity services to learn more.
