Small Business Electricity Prices
If you have been in business for a while, you know that getting an electricity bill is one of the biggest monthly cost expenses you incur. It costs money to produce electricity and send it out to your customers. For this reason, you must make sure you get the best deal when it comes to billing. Here are several tips to help you save money on your bill.
Your electricity bill will generally be charged according
to the following criteria: Units per unit | kilowatt/hour | kilowatt/year | billing period} The billing period. This is usually referred to as the billing period. This is how long the utility company has been providing services to you. Usually, you are billed at the end of the billing period. Units per unit mean the amount you are charged for a particular kilowatt/hour, a unit per year, or a unit per year.
The units per unit rates
This is often called the standing charge tariff. This is the main type of tariff you will get when you look at a standing charge tariff, which can either be fixed or floating. The fixed standing charge tariffs remain constant throughout the billing period; whereas the floating tariffs change depending on fluctuating market conditions.
Tax. When you get a certain percentage of your gross sales
you are eligible for a certain percentage of the gross sales tax. Your business is only eligible for a specified percentage of sales tax. If you do not have enough sales to earn this exemption, you should ask the sales tax officer about the percentage that your business qualifies for. If you are unable to determine this on your own, you should contact the SSS office to find out for sure.
Permitted use study
Your business is entitled to a percentage of the retail price for electricity sold for domestic purposes and/or for the business. You may also claim a prescribed percentage of the retail price for residential customers. The permitted use study usually comes with the utility hook-up charges mentioned above. If your business has applied for a standing charge or a specified percentage of sales tax exemption, you should also mention this in your application.
A business must have a separate account number for its electricity bill and its other bills. This account number is called an accounted number or dept number. You can find the account number on your invoice or in your business records. However, if you think that you will have to deal with inconsistent billing practices and that your accounts have been affected, you can contact your supplier instead of writing to your supplier’s customer service desk.
You should also ask for professional assistance
A good consultant can help you make the most of the tax laws and other legislation that may affect your business. A consultant can help you determine the percentage of your business electricity bills that you can claim as a deduction. If your business qualifies for a percentage reduction, you can get as much as 25% of your small business electricity bills as a deduction.