Cash Flow Does Not Rely On Which Of The Following What Are the Pros and Cons of Switching Your Electric Company?

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What Are the Pros and Cons of Switching Your Electric Company?

If your business electricity rates are outrageous, you’re probably wondering if it’s possible to switch utility providers. What if the carrier automatically renewed your contract, and on top of that, the prices just went up!

Do you have options or have you simply run out of options?

Relax! It is possible to switch carriers, but before you do, let’s go through some pros and cons of switching.

First look at the benefits:

Prices – By changing the electricity operator, you may be able to achieve a lower price. Who doesn’t want to save money in this economy?

Tariffs – You may be entitled to some tariffs if you switch to a new company, such as discounts or price guarantees, depending on the plan you choose.

Introductory actions – A new carrier can only offer deals for new customers and often these rates are very low, keeping your cash flow available for other business expenses.

Service – If you keep calling your service provider because of service interruptions, the new company may offer better, more reliable service with fewer interruptions.

Bundles – Dual energy carriers can offer you not only great prices for electricity, but also for gas. If your business relies on gas and electricity, consolidating these services with one company can save you money on payments, paper, postage and bookkeeping.

If you think you’re convinced of change, what about the downsides?

Automatic renewals – Many contracts with the electricity company include automatic renewal, especially after the end of the introductory period. Quite often, a rate increase can come with these renewals.

Dual fuel Discounts – Having the same company for your electricity and gas needs can also be a disadvantage. If you don’t use a lot of gas and rely mostly on electricity, the base prices of a gas/electric package can be higher than if you choose two different companies.

Discounts – If you do decide it’s time to switch companies and you don’t ask about tariffs, best savings programs or other discounts, the company representative may not readily offer them to you. You’ll need to be careful about asking the right questions to get the biggest savings.

So there are pros and cons to leaving your current electric company and joining another. One route you can take if you decide the pros outweigh the cons is to find a company that specializes in finding free business energy savings and does all the research for you.

These organizations take the headache out of researching many electricity suppliers, making your switch an easy transition.

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