Introduction

It’s a fresh new year with fresh new data from Energy Consumers Australia. 

The Small and Medium Enterprise (SME) Retail Tariff Tracker is an ongoing project from the organisation which collects and shares data on electricity and gas price offers for small businesses twice annually.

These findings provide valuable insights into the trends and challenges associated with energy costs. 

This blog highlights some key findings from the report and will advise you on how Termina offers a seamless solution for managing these fluctuations in energy prices.

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Key Takeaways from the Energy Consumers Australia Report

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Rising Energy Costs

Rising energy costs of course affect profitability for Australian businesses, particularly when there is a significant spike. 

Electricity bills for small businesses consuming 20,000 kWh increased by an average of $520, or 8%, between April 2023 and April 2024, while gas bills rose by 7%. These increases are unavoidable and require innovative solutions to cover the new costs.

Termina helps businesses manage rising costs by automatically keeping you on the lowest prices found in the market. This means you automatically avoid price changes by finding the best new price on the market. 

By leveraging buying power across more than 2,500 locations, Termina negotiates better-than-market rates, ensuring significant savings and financial stability.

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Opportunities for Efficiency

Energy-efficient practices provide a practical solution to rising costs while boosting profitability. 

Strategies such as optimising equipment, adopting smart monitoring tools, and reducing overall energy consumption effectively lower energy bills and minimise environmental impact. 

Termina simplifies the process by offering a centralised platform to manage all energy accounts, supported by a dedicated account manager. 

This ensures businesses not only identify efficiency opportunities but also benefit from the lowest available prices.

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Fixed Supply Charges

Fixed supply charges for electricity have increased across most regions, with Western Australia facing the highest rates. 

These rising costs place additional financial pressure on small businesses, underscoring the need for effective cost-saving strategies.

By securing exclusive rates below standard market prices, Termina offers financial relief and peace of mind. 

Additionally, its streamlined energy account management ensures smooth and efficient operations, helping businesses stay in control of their energy expenses.

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Conclusion: An Energy Affordable Future

Fluctuating gas and electricity prices can pose significant challenges, but they don’t have to derail your business. 

With Termina’s proactive, transparent, and technology-driven solutions, small businesses can regain control of their energy costs while improving operational efficiency.

By partnering with Termina, you can turn today’s energy challenges into opportunities, boosting profitability and securing long-term sustainability in a competitive market. 

Don’t let rising energy costs hold you back. Contact Termina now for a free quote and see how we can help your business thrive.

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