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How Do I Find the Best Energy Plan for My Business?

How Do I Find the Best Energy Plan for My Business?

Find out how to secure the best energy prices, deals, and rates for your business.

Kendra Aquino By Kendra Aquino
Fact Checked
Kevin Sangudi By Kevin Sangudi

When running a business, every dollar counts—especially when it comes to your electricity bill. Energy costs can add up quickly and impact your bottom line, whether you’re a small retail store or a large-scale business. With so many electricity providers to choose from, how do you make sure you're getting the best deal?

That’s where EnergyBot comes in—offering a simple platform that makes finding the best business electricity rates easier than ever. You shouldn’t have to spend hours researching energy companies or combing through contracts. We do the hard work for you, comparing rates and finding the most competitive options for your business.

And if you have specific energy requirements or need custom pricing, we’ve got you covered there too. Our Commercial Account Specialist, Kevin Sangudi, is here to guide you through the process—whether it’s answering questions about contract terms or helping you through custom quotes. No matter how complex your energy needs are, you can count on us to make the process hassle-free and make sure you get the best deal.

Understanding How Business Energy Rates Vary

One of the first things you need to understand when selecting an energy plan for your business is that electricity rates can vary depending on your location, energy usage, and the size of your business. For example, a small office in Dallas, Texas, has very different energy requirements than a large warehouse in Houston.

Finding the best business energy rate is about more than just comparing numbers—you need to consider your business’s size and specific energy needs.

The Benefits of Shopping Regularly for an Energy Plan

Choosing the right energy plan for your business can reduce costs, improve cash flow, and help manage long-term budgeting. Business owners that regularly shop for the best energy deals find that switching providers or negotiating better contract terms can lead to lower energy costs over time.

"At EnergyBot, we make the process of finding the best business energy supplier straightforward. You can compare offers from multiple providers side by side and choose the best deal for your business’s needs—all without the headache of complicated contracts or hidden fees." — Kevin Sangudi, EnergyBot

With EnergyBot’s platform, businesses have access to real-time pricing and honest comparisons of energy plans, so you can be sure you're choosing the best energy provider for your needs.

How to Find the Best Energy Plan for Your Business

Here's a step-by-step guide to find the best plan for you:

  1. Enter Your ZIP Code and Energy Usage: Start by entering your ZIP code and providing details about your business’s energy usage. EnergyBot will automatically display the best business energy prices available in your area, making it easy to compare providers.
  2. Compare Energy Plans: Once you’ve entered your details, you’ll be able to compare business energy rates. EnergyBot shows you live pricing from a wide range of providers, allowing you to quickly find the best deal tailored to your usage and budget. You can sort by contract length, plan type (fixed vs. variable), and pricing model.
  3. Choose the Right Plan: After reviewing each plan, select the one that is best for your business needs. Whether you prefer the stability of a fixed-rate plan or the flexibility of a variable-rate plan, you can make the switch seamlessly with no disruption to your business operations.

Business Energy Pricing: Matrix vs. Custom Quotes

Understanding how energy pricing works is key to finding the best deal for your business. There are two main pricing options depending on your monthly energy spend: matrix pricing and custom quotes.

  • Matrix Pricing for Smaller Businesses: If your business’s monthly energy bill is under $1,000, matrix pricing is usually the best option. With matrix pricing, rates are pre-set based on the average usage for businesses of your size. This pricing structure is ideal for smaller businesses that want to lock in predictable rates.
  • Custom Quotes for Larger Businesses: If your business spends more than $1,000 a month on energy, it’s worth considering custom pricing. EnergyBot can help you request a custom quote, which takes your business’s specific energy usage into account. Custom quotes are usually more cost-effective for large customers because business energy suppliers are willing to offer tailored rates based on your needs. This can result in the best energy rate if you use a lot of electricity.

Fixed-Rate vs. Variable-Rate Energy Plans: Which is Right for Your Business?

When comparing business energy providers, you’ll usually see two types of plans: fixed-rate and variable-rate.

  • Fixed-Rate Plans: A fixed-rate plan locks in a consistent price per kilowatt-hour (kWh) over the duration of your contract. This is best for businesses looking for budget stability because it protects you from market volatility. But if market prices drop, you won’t benefit from lower rates. If you have consistent energy usage that doesn’t fluctuate a lot, a fixed-rate plan can help you secure the best business energy price long-term.
  • Variable-Rate Plans: With a variable-rate plan, the price you pay for electricity fluctuates based on the market. This can be beneficial during periods of lower energy prices, but it can also expose your business to higher costs during peak demand times. Variable-rate plans are best for businesses with flexible energy needs that can adapt to price changes, but they are riskier compared to fixed-rate options.

What to Look For in a Business Energy Supplier

Beyond rates, you’ll also want to consider the reputation, contract terms, and customer service of your energy supplier. EnergyBot’s platform provides insights into the overall value offered by each provider, helping you make an informed decision.

"We help businesses not only find the best price but also choose suppliers that are reliable and customer-focused. With our platform, you can compare providers based on rates, contract terms, and reputation to make the best decision for your business." — Kevin Sangudi, EnergyBot

Pro Tip: Regularly Review Your Energy Plan

Energy prices fluctuate over time due to market conditions, changes in regulations, and shifts in supply and demand. So even if you’ve found the best business energy provider for your needs today, it’s important to regularly review the plan details from your current supplier. 

By reviewing your energy plan periodically, you can take advantage of new offers and avoid being locked into a contract that no longer serves your best interests.