Maximising cash flow

Energy prices are soaring... you need to act

Rising energy costs are a major threat to your business. Don’t sit back and do nothing – nab yourself a better deal and learn how to smash your power consumption.

With energy prices tipped to surge 10-20% this year, it’s critical you shop around to ensure you’re getting the best deal.

That’s the advice from Anthony Cooper, executive manager, Energy Programs at My Business. He warned that the energy price outlook is somewhat uncertain at the moment.

“As old deals expire and people re-contract, they will see significant price increases,” he says.

“The ‘Default Market Offer’ set by the Australian Energy Regulator indicates price rises of 10-20% from 2021 to 2022. Businesses may see steeper rises if they were on deals that were more competitive than the 2021 DMO, and they’ll find there are fewer below-DMO deals remaining on offer.” 

How to get the best deal – fast!

Finding the right deal for your business is simple. And it costs nothing. My Business Energy (BAE) is a free online comparison service that allows businesses to evaluate and identify the most suitable energy plan for their needs. You can compare your current energy plan against a panel of energy retailers and switch to a better deal. 

Slash your consumption and save

Once you’ve got the deal in the bag, look at how you can reduce power usage in your business. 

The Business Energy Advice Program (BEAP) is a free service that helps eligible small businesses and their representatives get better energy deals and increase their energy efficiency.

The service offers face-to-face, phone and digital advice to help small businesses:

  • understand their energy savings opportunities
  • choose the best energy plan for their business, and
  • receive tailored advice on energy efficiency opportunities best suited to their industry.

Phone BEAP now on 1300 415 224.

Give sustainability the green light

Reviewing your energy savings is also a great opportunity to consider renewable options.

My Business has partnered with the Australian Energy Foundation – a service that provides quotes and installations from vetted and trusted suppliers for products like LED lighting upgrades and solar installations. This reduces the risks for small businesses when they are looking for energy efficiency and renewable solutions for their business. 

Solar stars

My Business has also formed a partnership with BEAM energy. This free service enables larger businesses to conduct a solar visibility study on what is the right-sized system for them, based on their current electricity consumption. The study will ensure the on-site solar project is maximising emissions reduction and is ready for batteries and electric vehicle charging down the track. 

And if the visibility study makes commercial sense, the partnership can provide a competitive procurement process that gets you a good price without sacrificing quality.

So what are you waiting for? Phone 1300 415 224 and start saving now. 

Full business energy consultation

Are your energy costs soaring? If you’re a small business with 6 to 20 employees or a micro business who is drought affected, you can take part in our free energy advice program. Book a comprehensive consultation with a business expert and receive a detailed report and recommendations on how to save

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