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Why More Businesses Are Going Energy Shopping!

Posted on 04/07/2016

Simply put: the right energy partner can take the anxiety out of choosing an energy supplier. They are often able to offer a better prediction of energy costs for the businesses that power our global and local economies, and help to keep a business owner focused on the things that matter most.

Rob Cantrell,

Executive Vice President, Sales & Marketing

If you own or are responsible for a business, you probably already shop around for things like printer cartridges and toner, paper towels or office supplies, buying in bulk to reduce the cost per unit and your overall costs in the long run. But what if you could have the same positive cost consequence by shopping around for the energy your business needs to keep running?

Today, with roughly one third of all U.S. states offering energy choice, many businesses have the freedom to choose an alternative supplier for affordable energy service, and even take part in value-added options like renewable energy or innovative, energy efficient programs. And more and more businesses are doing just that. In fact, around half of all commercial consumers in deregulated states have chosen to secure their energy from a third party. Here’s why:

Operational costs can be daunting but necessary expenses for businesses of every size. Some you can plan for, like monthly rent or payroll for salary employees – but others, like energy costs, create a constant moving target within a business budget. Utility bills are one of the major costs for commercial businesses in the United States, making up over 20% of operating budgets, yet many business owners pay their utility bill and don’t look back.

Building Owners and Managers Association Report
Still, commercial businesses in the United States continue to use more energy each year, making it increasingly difficult for a business to plan and budget their energy expenses.

While a retail energy supplier can’t eliminate all business-related stress, they can give business owners peace of mind in one element of their overhead budgets. At Crius, organizations as diverse as a national retail donut franchise looking for price certainty, to a full service hotel and trade center opting for a green solution for both cost savings and sustainability, to a school district interested in long-term fixed product to provide power for over 12,000 students, have benefitted from going energy shopping.

Unlike most of the businesses we serve, retail energy suppliers have professional energy consultants on staff to advise on hedging strategy and procurement as well as local cost-saving programs. This can translate into a 10–30% reduction in energy costs and often a reduced carbon footprint as well.

So what can a businessperson expect when s/he finally decides to go energy shopping? Take the benefit of our decades of experience: Your supplier should work to understand what your business’ usage patterns are, and explain the available rate options before developing a customized strategy for your company. As with any vendor, you should ask for references – other businesses or organizations that have already limited the market-based risks that can be all too common in a volatile energy market. Finally, do some quick Internet research. Look up the company’s Better Business Bureau rating and industry affiliations before you make your decision.

Simply put: the right energy partner can take the anxiety out of choosing an energy supplier. They are often able to offer a better prediction of energy costs for the businesses that power our global and local economies, and help to keep a business owner focused on the things that matter most. So don’t make the same mistake that half of all U.S. commercial consumers have – not shopping around at all.

Any views or opinions represented in this blog are personal and belong solely to the blog author and do not represent those of Crius Energy LLC, Crius Energy Trust or its affiliates and subsidiaries. All content provided in this blog is for informational purposes only and may contain forward-looking statements. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. Crius Energy makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site and will not be liable for any losses, injuries, or damages from the display or use of this information.

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