Is being loyal to your business’ energy provider costing you? The quick answer to that question is: if you’re on a default pricing offer then, yes, it can be. Let’s get down to the nitty-gritty of why this happens and what you can do about it.
What are default pricing offers?
These are the prices that electricity or gas retailers offer large business clients who don’t seek out market retail offers. These tend to be more expensive –up to 300% more sometimes! Default market offers are less stable and are more subject to the pushes and pulls of market forces.
How do I know if I’m on default pricing?
If you can check off any of the following, then you might be on default pricing:
How does being loyal to my energy retailer cost me more money?
Market offers are competitive and deliver discounts to consumers, and default pricing offers don’t. So it makes more sense not to be loyal. We can help you sign on with the right retailer that gives you the right market retail offer.
I want cheaper electricity rates. What can I do?
So glad you asked! In case you haven’t noticed, at least in the energy sector, brand loyalty isn’t always rewarded. The good news is, you may be eligible for a more competitive market rate for your electricity.
Before you even get to that point, you’ll need to do your due diligence and compare several offers from different energy retailers. The options are very complex, and narrowing it down can take up a lot of your time. This is where we come in!
Leading Edge Energy have energy experts who can take the time to understand your business’ particular needs and consumption. Just get in touch with us now, before your contract expires. We can go to tender to find the best deals for your company from all the possible energy retailers. Then we can present you with our findings so you can decide the best energy provider for your business.