Introduction
It’s a fresh new year with fresh new data from Energy Consumers Australia.
The Small and Medium Enterprise Retail Tariff Tracker provides valuable insights into how gas and electricity prices changes are affecting small businesses in New South Wales.
These findings highlight significant cost increases, creating challenges for businesses trying to manage operational expenses.
In this blog, we’ll break down the key takeaways from the latest NSW data and explain how Termina can help you automatically avoid these price changes, securing the best available rates for your business in New South Wales.
Key Takeaways from the Energy Consumers Australia Report for NSW Businesses
Rising Energy Costs for Small Businesses in New South Wales
The last couple of years have been tough for NSW small businesses, with energy prices continuing to rise.
- Electricity market offers in NSW increased by 10% compared to the previous year.
- The average annual electricity bill for small businesses consuming 20,000 kWh is now approximately $8,238, an increase of $745 from the previous year.
- Gas prices in NSW rose by 9%, with small businesses now paying between $3,146 and $4,497 per year depending on their pricing zone.
These gas and electricity prices changes in Australia are primarily driven by rising wholesale costs, which make up a significant portion of the final bill.
As wholesale prices fluctuate, so too do retail offers – leaving businesses exposed to unexpected price spikes. With Termina, you can protect your business from these fluctuations.
Termina automatically tracks the market and moves your business onto the cheapest energy offers available, helping you avoid the worst of these gas and electricity price changes.
Opportunities for Efficiency and Savings with Termina
While price increases are unavoidable, businesses can still take action to reduce the impact on their small business energy bills.
- Energy efficiency improvements, such as upgrading to energy-efficient equipment, monitoring usage in real-time, and reducing unnecessary consumption, are effective ways to lower your exposure to rising costs.
- Switching to cheaper energy plans remains the quickest and most effective strategy.
Termina takes care of this for you automatically. Our platform monitors energy prices across more than 3,500 locations, identifies the cheapest rates, and seamlessly switches your business to those rates – without you lifting a finger.
Fixed Supply Charges and Additional Pressures
It’s not just usage charges that are rising – fixed supply charges for electricity and gas are also increasing.
These fixed costs apply regardless of how much energy your business actually uses, placing an added burden on your small business energy bills.
Termina helps manage this by negotiating exclusive rates for businesses as part of a larger buying group, ensuring you pay less than standard market prices.
Plus, our platform provides a centralised system to manage all your energy accounts, so you always have visibility over your costs and savings.
Take Control of Energy Costs in New South Wales
Rising gas and electricity prices in New South Wales pose serious challenges for small businesses. But with Termina, you don’t have to constantly monitor the market or worry about being caught out by price spikes.
Our automated price tracking and switching service ensures you are always on the best available deal, protecting your business from unnecessary expenses.
Take the hassle out of managing your energy costs. Contact Termina today for a free quote, and let us show you how you can save money on your gas and electricity bills in NSW.
