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Small Business Electricity Plans 

Compare, switch and save on your small business energy plans here with Savvy 

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, updated on August 11th, 2023       

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Are you a small business owner looking for the right electricity plan to meet your energy needs? When it comes to choosing the right electricity plan for your small business, understanding the differences between small business electricity plans and retail electricity plans is crucial. By considering factors such as pricing and tariffs and contract flexibility, you can make an informed decision about the best plan that aligns with your business's unique energy requirements. This will help you find the perfect balance between cost savings and quality service.  

Here at Savvy we understand the unique needs of small businesses and strive to help you find the most suitable and cost-effective energy solution. Our user-friendly 100% free comparison service allows you to easily navigate through various energy plans to compare and find the best one. Savvy can save you time, effort and money by making your comparison job simple – so start comparing small business electricity plans with us here today.  

What are small business electricity plans?

Small business electricity plans are specifically designed energy packages tailored for the needs of small businesses. These energy plans typically include benefits such as flexible contract terms, competitive pricing, and dedicated customer support. They aim to provide small businesses with reliable and cost-effective electricity solutions, enabling them to effectively manage their energy expenses and focus on their core operations. 

When it comes to comparing electricity plans for your small business, understanding the differences between small business electricity plans and retail electricity plans is crucial. By considering factors such as pricing and tariffs, contract flexibility, load profiles, customer support, and additional business benefits, you can make an informed decision that aligns with your business's unique energy requirements. 

We offer a free and convenient business energy comparison service to help you compare multiple plans from reputable Australian energy suppliers. Our comparison service allows you to easily evaluate pricing structures, contract terms, renewable energy options, and other relevant factors to help you make a well-informed decision. 

How do they differ from retail electricity plans?

Small business electricity plans and retail electricity plans have distinct characteristics and considerations that set them apart. Understanding these differences is essential for small businesses to make informed decisions about their energy needs. Here's a detailed breakdown of how small business electricity plans differ from retail electricity plans in Australia: 

  • Pricing and tariffs

Small business energy plans often offer customised pricing structures tailored to the specific energy consumption patterns and demands of businesses. They may include custom rates for peak and off-peak periods, demand charges, and supply fees designed to meet the unique requirements of commercial operations. On the other hand, retail electricity plans typically have standardised pricing structures geared towards residential customers, with simpler pricing models without the complexities associated with commercial electricity usage. 

  • Contract flexibility 

Energy suppliers usually provide more flexible contract terms to business customers compared to retail energy plans. They understand that small businesses have more diverse operational needs and may require shorter or longer contract terms, different options for contract renewal, or the ability to adjust contract terms based on changing business requirements. 

  • Tailored solutions for commercial operations:

Small business energy plans often take into account the load profiles and energy demands of commercial operations. They can offer tailored solutions to meet the unique requirements of businesses, taking into account factors such as peak demand periods, capacity requirements, and load management strategies. 

  • Customer support and service

Small business plans often prioritise dedicated customer support and services for commercial customers. This may include specialised account management, access to business-specific energy insights and analytics, and responsive customer support to address any business-related energy queries or issues. 

  • Additional business benefits 

Additional benefits and features may be available with business plans, that are not offered to retail customers. These benefits can include energy efficiency advice, demand management solutions, access to cheaper renewable energy options, and other business-focused incentives to help small businesses optimise their energy usage and reduce costs. 

By understanding these differences, small business owners can make an informed decision when choosing between small business electricity plans and retail electricity plans. Savvy can help you make your comparisons faster and switch providers to get a better deal for your company’s energy needs. 

How should I compare small business electricity plans?

When comparing different small business electricity plans, it's important to look at various factors to find the best energy solution for your business. Here are some key points to consider during the comparison process: 

Types of plans 

  • Standard contract: Offers a basic electricity price determined by state regulations, providing simplicity and the freedom to switch without exit fees.
  • Market contract: Comes with special conditions and potential discounts throughout the contract term, but may have exit fees if you switch providers.

Variable vs. fixed rates for market contracts 

  • Variable rates: Fluctuate based on national market price changes, potentially leading to unexpected price spikes or drops.
  • Fixed rates: Remain consistent for a specified period, ensuring stability and predictability for your energy costs.

Overall cost of the plan 

  • Compare costs based on the electricity reference price and average usage in your area. Look for the percentage difference between providers' prices and the national reference price to make an apples-to-apples comparison.

Discount offers 

  • Assess various discount offers, such as percentage or dollar amount reductions on your energy bill. Carefully review the terms and conditions, including eligibility criteria and duration of the discount.

Tariffs 

  • Single rate tariff: Consistent cost per kWh, regardless of usage time.
  • Time of use tariff: Different rates for peak, off-peak, and shoulder periods to align with electricity demand patterns.
  • Controlled load tariff: Separate rate for high-demand appliances like hot water systems or pool heaters.
  • Demand tariff: Based on the highest electricity usage within a specific period, irrespective of the time of day.

Feed-in tariff 

  • If you have solar panels, consider the feed-in tariff for selling excess electricity back to the grid. Factors influencing the rate include the solar system type, eligibility for government rebates, state government-set rates, and any additional feed-in rates offered by your provider.

Fees 

  • Look at the various fees charged by providers, including connection and disconnection fees, credit card charges, late payment fees, early exit fees, and paper bill fees. Comparing fees helps identify providers with lower overall costs.

By carefully considering these factors and using Savvy's comparison service, you can make an informed decision on the best small business electricity plan for your specific needs.

Are there any green options for small businesses energy plans?

Yes, there are green energy options available for small businesses in Australia. Small businesses have the opportunity to make environmentally conscious choices by opting for renewable energy sources to power their operations. Here are some green energy options to consider: 

  1. GreenPower: GreenPower is a government-accredited program that allows businesses to purchase electricity generated from renewable sources, such as wind, solar, and hydroelectricity. By choosing a GreenPower plan, small businesses can support renewable energy projects and reduce their carbon footprint.
  2. Solar power: Installing solar panels on the premises is an excellent way for small businesses to generate clean, renewable energy. Solar power systems can help reduce reliance on the grid and provide long-term cost savings.
  3. Wind power: Some energy providers offer wind power options, where businesses can choose to source a portion or all of their electricity from wind farms. Wind power is a sustainable and abundant source of energy, contributing to a cleaner environment.
  4. Carbon offsetting: Small businesses can also consider carbon offset programs. These initiatives involve supporting projects that reduce or offset greenhouse gas emissions, effectively balancing out the environmental impact of energy consumption.

By exploring these green energy options, small businesses can demonstrate their commitment to sustainability and contribute to a cleaner energy future. It's important to compare different providers and their offerings to find the most suitable green energy plan that aligns with your business values and goals. 

Types of energy plan

Why compare energy plans with Savvy?

More of your questions about small business electricity plans

Can I easily switch my business electricity supplier?

Yes, switching electricity providers for your small business is a straightforward process. With a competitive market, you have the freedom to choose a provider that offers better rates or tailored plans to suit your business needs. By comparing different options through Savvy, you can find a provider that offers cost savings, improved customer service, and green energy options. Consider exploring small business gas plans as well to potentially bundle your energy services. 

What are the benefits of choosing a fixed-rate electricity plan for my small business?

Opting for a fixed-rate electricity plan provides stability and predictability for your small business. With a fixed rate, you are protected from market fluctuations, ensuring that your energy costs remain consistent throughout the contract term. This allows for easier budgeting and financial planning, minimising the risk of unexpected price increases. Consider exploring different business energy plans through Savvy to find the right fixed-rate plan for your specific requirements. 

What are the advantages of a smart meter for my small business?

A smart meter offers several advantages for small businesses. It provides accurate and real-time data on your energy consumption, allowing you to monitor usage patterns and identify opportunities for energy efficiency. Smart meters enable remote meter reading, eliminating the need for manual readings and simplifying billing processes. Additionally, they support time-of-use tariffs, enabling you to take advantage of lower rates during off-peak periods. Consider discussing smart meter installation with your energy provider when you switch energy providers. 

How long does it take to switch electricity providers?

The timeframe for switching electricity providers can vary according to when meter readings can be taken, but generally takes around 3-4 weeks. This includes the processing of your application, the termination of your existing contract, and the setup of services with your new provider. If you're also considering switching your small business gas plan, it may be worth coordinating the transition for both services simultaneously. If you need an urgent gas or electricity connection, contact your service provider to see if they offer a same-day connection service.  

Can I bundle my small business electricity with other services?

Yes, many energy providers offer bundled packages that allow you to combine your small business electricity with other services, such as gas or telecommunications. Bundling services can often lead to cost savings, simplified billing, and the convenience of managing multiple utilities under a single provider. When you switch energy providers, inquire about available bundled options for your small business. 

Are there any demand-based pricing options for small businesses?

Yes, some energy providers offer demand-based pricing options for small businesses. These plans take into account the peak demand periods and charge varying rates based on usage during those times. By shifting energy-intensive operations to off-peak periods, businesses can potentially reduce their electricity costs. When comparing energy plans, inquire about demand-based pricing options and their suitability for your small business. 

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Disclaimer:

Savvy is partnered with Econnex Comparison (CIMET Sales Pty Ltd, ABN 72 620 395 726) to provide readers with a variety of energy plans to compare. We do not compare all retailers in the market, or all plans offered by all retailers. Savvy earns a commission from Econnex each time a customer buys an energy plan via our website. We don’t arrange for products to be purchased directly, as all purchases are conducted via Econnex.

Any advice presented above is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an energy plan. For further information on the variety of energy plans compared by Econnex, or how their business works, you can visit their website.

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