It seems that not a day goes by without some energy supplier announcing price hikes and not a day goes by without those very same energy suppliers having to admit they’ve cocked up some poor blighter’s bill.
With all the energy companies now publishing their price rises it is vitally important that all business electricity and gas customers make sure that they don’t fall into the suppliers’ favourite trap of charging the wrong amount for the units consumed after a price rise.
The best way to avoid this is to take a meter reading at 12 midnight on the night before the price change and the very next day giving that meter reading to your electricity and gas supplier. If they will give you an estimated balance on your account at that point all the better, you will then be able to scrutinise your bill when it comes in to ensure that you have been charged at the correct rate post price rise.
Coincidentally you will be able to use the pre-rise estimate as a way of calculating how much extra your energy is costing you and ensure you are implementing energy saving strategies to minimise the impact on your cashflow.
If you are changing supplier to get a more favourable deal then checking your meter readings at the point of supply change is equally important.
I, for one, read my gas, electricity and water meters at the end of every billing period (gas & electricity monthly) and water every six months. I believe it’s better to give a reading than allow the supplier to estimate my consumption. It’s also a good way of monitoring your pub’s energy/water consumption and not storing up any unpleasant surprises. Even though the water is billed twice a year I like to take a monthly reading, I once had an unnoticed leak that put my consumption up considerably; however, as I keep an eye on things I was able to notice the spike relatively quickly, investigate the problem and get it fixed.