Small businesses are the backbone of the economy. They keep revenue and job creation local, and they have strong connections to their communities; but small businesses are also the first ones to feel the pressure when the economy takes a hit. Because their profit margins are smaller and they rely so much more heavily on local business for support, a hit to the economy often means a hard blow to the businesses that are trying to stabilize it. While for any business, that means profit margins are going to take a hit, for small businesses, that blow is a lot more critical. Reduced revenue can interfere with the minimum amounts businesses need to have set aside to fulfill orders, and if they can’t afford to do those orders as often, their stock will be more likely to run out of certain necessities—and that may drive business elsewhere. And it’s a fast track to a downward spiral from there. However, there are things that can help: finding the cheapest energy suppliers can help small businesses power through the worst a recession can throw at them.
How can choosing the cheapest electricity supplier make a difference?
Finding ways to save on those monthly expenses can allow you set a little of the money you would otherwise be putting into maintaining your building back into maintaining your business. It’s the best way to keep those profit margins in the clear; instead of absorbing profits into keeping your employees paid and your shelves stocked, you can leave your profits in place and absorb the expense money you’ve saved instead. Since you had considered it spent anyways, it’s really like using found money to keep your business going strong. And finding the cheapest electricity supplier can help.
Who are the cheapest electricity suppliers for small businesses?
While many energy providers are geared towards the big businesses, there are some that have rate plans that cater specifically to the needs of small businesses. Figuring out which is which is the most important step in finding the cheapest energy providers: you may not think there is much of a difference between plans, but taking on a rate plan that is structured around the needs and capabilities of a large business can carry serious detriment for a small business that has very different needs. Here are a few of the cheapest energy suppliers for small businesses:
- ATCOenergy, the retail arm of the ATCO group of companies, specializes in offering electricity and natural gas plans to small businesses and residences.
- ENMAX Energy offers basic gas and electricity plans that are ideal for small businesses and their specific needs.
- Just Energy provides natural gas and electricity services across Canada, with specific electricity plans designed for small businesses
Of course, finding the cheapest energy supplier is only the beginning for your small business. Part of keeping electricity costs low also includes finding ways to consume less energy. Right now, there are a number of government incentives available that can help you improve your energy efficiency. Taking advantage of those offers can not only help you to improve your efficiency and save money now, but it will also help secure lower energy expenditures for the long term. Visit us at energyrates.ca today to learn more about the opportunities that are waiting for you and your small business.
