Why Your Business Needs the Right Energy Plan

Energy costs can have a significant impact on a company’s bottom line. For small to medium-sized businesses, finding an energy plan that is tailored to your consumption patterns and operational needs can make a substantial difference. Choosing wisely means you’ll spend less time worrying about unexpected cost spikes and more time focussing on what your business does best.

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Termina’s approach to energy management is designed to make this process seamless and efficient. Unlike traditional brokers, who may prioritise commissions over customer savings, Termina keeps you on the lowest prices every month according to the usage profile of each of your locations.

Factors to Consider When Choosing a Business Energy Plan Yourself

1. Rate Types: One of the first decisions you'll need to make is whether to opt for fixed or variable rates. Fixed rates provide budget stability, while variable rates change based on the time of day energy is consumed. Depending on your business’s energy consumption pattern, one option will offer greater savings than the other.
2. How Termina Assists: Termina is one place to manage your energy. We maximise savings with our unique saving split model with zero admin required from our clients. Our online dashboard also makes usage and spending breakdowns easy to review.
3. Contract Terms and Flexibility: Some energy plans may lock you into lengthy contracts with inflexible terms, while others offer shorter, more adaptable agreements. It’s important to consider not only the cost but also the implications of early termination fees and other restrictions.The difference between the two mainly comes down to your annualised energy consumption. Above a certain threshold you will have to lock-in rates that are less flexible.
4. Termina’s Unique Advantage: Our buying power means we can negotiate better than market prices for many regions across Australia. By grouping your usage with thousands of other locations you may find lower prices than anywhere else. 
5. Greenpower:  Many businesses are prioritising sustainability, but balancing environmental goals with cost considerations can be challenging. Green energy plans are sometimes more expensive, but with our model businesses can use the savings they find with us to reinvest in Greenpower so there’s no net increase in energy costs. They are crucial for meeting ESG targets and appealing to eco-conscious stakeholders. Alternatively, more businesses are choosing to reinvest their Termina savings in energy efficiency projects, creating a flywheel of cost and emissions reductions.

Our Transparent Approach Business Energy Procurement

We simplify energy comparisons by automating the process. While traditional brokers focus only on four to six retailers, we compare every offer on the market and negotiate custom offers using our buying power. By leveraging our group buying power and technology, you can be confident you’re always on the best available energy plan, reviewed and updated every month.

Steps to Switch Business Energy Providers

Switching energy providers doesn’t have to be complex or disruptive. Managing this transition internally can be time-consuming, especially when negotiating new contracts and managing the logistics of the switch.

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We take the hassle out of switching by automating every step, from reviewing your current contract to negotiating better rates and managing the transition. Our software ensures you avoid price increases and stay on top of the market. Businesses like Retail Zoo have saved tens of thousands of dollars yearly, with ongoing benefits well beyond the initial switch.

Why Partner with Termina?

When it comes to energy management, partnering with a provider that genuinely prioritises your needs can make a substantial difference. At Termina, we stand apart from traditional brokers by aligning our success with your savings and efficiency. Here’s how we make that happen: 

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1. No Commissions: Unlike brokers, Termina doesn’t earn commissions from energy companies. Our saving split model means the sole focus is on saving you more money. And we compare every retailer on the market, not just the few paying the biggest commissions.
2. Data-Driven Insights: Our energy monitoring and forecasting tools provide unparalleled visibility into your energy usage, helping you optimise and make informed decisions.
3. Less admin: Termina doesn’t just set you up and leave you to manage on your own. Now you have one place to manage your energy accounts and assets to reduce time spent on the phone with retailers.

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Our goal is to turn energy management into a powerful asset for your business, rather than a frustrating chore.

Take Control of Your Business Energy Costs

Investing time in choosing the right energy plan for your business can yield significant long-term benefits. With Termina, you’re not only staying on the lowest prices every month, but saving the time and stress of dealing with energy companies. Our technology-driven, transparent model aligns our interests with yours: to save the most cost possible.

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Discover how much your business could save by switching to Termina. Start by uploading your latest energy bills for a free savings estimate or contact us today to learn more.

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