Many companies run their operations out of various sites and locations. Traditionally speaking, this would imply that they are required to have an energy account for each of their sites and a business energy meter at each of those locations. In addition to this, rather than having a single date for renewal with each of their suppliers, they would need to have numerous renewal dates.
Installing multi-site energy meters allows businesses to take potentially time-consuming data for business water, gas, and electricity consumption and merge them into a single report. This enables them to manage all their locations from a single account with a single bill.
What Are Multi-Site Energy Meters?
Businesses operating across multiple locations can consolidate their electricity and water bills into a single statement using a multi-site meter. A multi-site energy contract is ideal for the following:
- Companies that require a lot of energy to run
- Companies that have multiple sites
- Companies with several energy contracts
Whether you operate in offices, warehouses, or factories, having a multi-site meter will be much simpler for you to transfer your company’s energy provider or water supplier because all of your locations will be able to do so on the same day. Companies can leverage their buying power by utilizing multi-site meters when negotiating better rates.
Why Should Your Company Switch to Multi-Site Energy Meters?
Multi-site energy contracts were created to assist businesses in managing their commercial energy contracts. With a multi-site meter, companies with more than one location would have a much easier time managing their energy costs.
A company might, for instance, have two offices, each with a separate energy contract that expires on a different date. If they had expired on the same day, it would’ve enabled the company to negotiate both costs simultaneously, which is quite beneficial.
Having a single supplier, contract, and bill would be advantageous from a practical and a convenience standpoint. You will only need to add one renewal date to your calendar. You will be able to save both time and money in the years to come if you evaluate several plans for commercial use and combine them into a single package. You will no longer need to be concerned about the various renewal dates. You will also lessen the likelihood of switching to a regular rollover plan, which is typically more expensive.
In addition to this, the procurement of energy in bulk is ensured when you have a multi-site energy contract. This provides you some wiggle room to negotiate better terms with your supplier when it comes time for your contract to be renewed.
Types of Business Energy Contract
As every company has its specific needs, energy service companies offer various contract options. The following is a list of the three most common forms of energy contracts:
- Variable Rate Contract – Your monthly energy costs will vary throughout the year. It could be lower initially but get higher due to unforeseen global developments.
- Fixed Term Contract – Your monthly energy expenses will remain the same for a predetermined time. If global prices decline, your bill will remain the same.
- 28-Day Contract – Your utility expenses are predetermined for 28 days. They have the potential to go higher or lower at the beginning of each new month.
Larger businesses that operate in numerous locations can reduce their monthly energy costs by following this uncomplicated procedure, both simple and efficient. By choosing the right multi-site meters, you, too, will be able to cut costs where they aren’t necessary.