Business Multi-Site Meters
If your business has multiple locations, whether 2, 10, or 20, it may benefit significantly from having a multi-site meter for your energy usage. It may not be something you have thought of before, or maybe you are just starting your search into a multi-site meter and how one can help your business. As a business owner, any process that can be more streamlined and save your company money is a significant win. Below we will talk about what these meters do and why you may want one installed to help your business streamline its energy usage and bills.
What Is a Multi-site Meter?
Multi-site meters are designed to allow businesses with several buildings or locations to manage their energy with one billing account. It is a streamlined way to manage energy billing. Multi-site meters or multi-location business energy contracts make it a simple and efficient way to organize the energy billing for your company.
These business locations can include offices, factories, or even warehouses. By having multi-site meters, your business can remove a layer of difficultly in business energy. Multi-site meters can be used on various contracts, including fixed or variable rates, 28-day or rollovers. This means you can implement these meters without feeling boxed into one specific kind of contract.
How Can Your Business Benefit?
There are several benefits available for your business by using a multi-site meter. They include:
- More efficient management of multiple sites– Manage your business energy contract more efficiently through one renewal date and avoid expensive tariffs.
- More straightforward billing for single large business sites– Instead of several meters to manage the energy on one worksite, a multi-site meter will cover your whole location.
- Substantial discounts available– Buying more significant amounts of energy means you can use your buying power and purchase energy at wholesale prices per kWh. This can maximize your energy savings.
Multi-site meters function similarly to other meters, but instead of tracking energy usage for one building or location, it will bring them all together into one billing account. The result is that your business’s energy account is a lot easier to manage. Imagine if your company has 20 different sites. Having to check every energy bill renewal contract for each location will be time-consuming and is often overlooked.
You most likely have things on your to-do list that are much higher than looking up all those renewal dates. If you are tired of managing several accounts with different renewal dates, billing cycles, and the hassle that comes with it, then a multi-site meter may be suitable for you.
Is It Easy Getting Started?
Yes and no. It can take some effort on your part, but there are also suppliers to help you along the way. The contract that best fits your company is mainly dependent on the industry you work in and your business’s circumstances. To get the best deal available for your business, it is best to invest in the advice of an energy broker that is familiar with multi-site energy contracts for businesses. That is the easy part.
Unfortunately, the current structure of the energy market in the UK can make it challenging to switch your business’s energy supplier. Even so, it is a process that is worth it because changing to a contract and multi-site meter that better suits your business can help you significantly reduce business costs.
Each business tariff is fixed for a minimum of 12 months, but some contracts are longer. You are tied into this agreement until it has expired. If you do not switch suppliers at the end of the agreement or negotiate new terms, you can be placed on out-of-contract rates.
These tend to be very high. If you want to add a multi-site meter, knowing when your renewal date is essential. This way, you can take steps to make any switch goes smoothly for you and your business. Luckily, many suppliers will help you through the steps of any switch and change to a multi-site meter.
If you find yourself frustrated with the multiple sites, meters, and billing for your business, then it is worth looking into business multi-site meters. You may find that not only is your energy billing easier to manage, but you will be eligible for discounts and save some money as well. As a business, saving money is always a positive. Work with a professional who can help you set up the best supplier, plan, and meter for your individual business’s needs.
You can find out more about multi-site meters here.
Other useful links about Business Energy
5 Products and Services Dual Energy Can Provide for Your Business
Switching to Scottish Power
What is a Fixed-Rate Business Tariff?
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