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5 Steps To Get The Cheapest Electricity Rates For Your Studio

Table of Contents

In this blog, we outline five steps for getting the cheapest electricity rates for your creative studio. Some steps include comparing providers, talking to your existing providers to renegotiate a deal, and considering green options to achieve long-term savings.

Creative studios can use a significant amount of electricity, especially for 3D animation, 3D modelling, CGI, virtual reality (VR) tools, and other 3D assets. If you’re a creative studio, online business operations can tax your energy usage. Energy prices can be one of the biggest challenges for small and medium-sized studios looking to lower overhead costs.

This blog outlines steps for sourcing the cheapest electricity rates for your creative studio and saving money.

1. Ensure you understand electricity rates

Business electricity rates vary depending on your creative studio’s size and electricity consumption. It’s usually calculated on a variable or fixed rate tariff and based on a unit rate per kilowatt-hour (kWh). When looking for the cheapest electricity rates, it’s important to remember that while you don’t need to use the same supplier you use for your gas, doing so can allow you to secure a better price.

Your studio electricity unit prices are more likely to be higher than those you pay domestically, as business customers pay a higher VAT rate. Click here to read more on business energy VAT.

2. Consider your consumptive needs

Studios use significant energy for tasks such as 3D rendering and 3D visualisation. Electrical consumption primarily stems from powerful computers that must operate beyond office hours or overnight to finish render queues.

Awareness of your energy consumption needs ensures you select a deal that accommodates them while remaining at the lowest price point.

 

understanding electricity rates

3. Compare providers

Compare and contrast electricity deals using online comparison sites. These sites allow you to check what’s available across the market without obtaining multiple provider quotes. These sites usually ask you to provide information about what you’re looking for before giving you a list of personalised options.

4. Talk to your existing supplier

If you already have an electricity contract with a supplier and it’s coming up for renewal, contact them to see if you can negotiate a better deal. Inform them about any cheaper options you find online, as they may offer you a lower price to keep your custom.

consider your consumptive needs for 3d rendering

5. Consider green options

Green electricity is energy produced from renewable resources like solar, wind, and hydro. This may be a worthwhile investment if your studio uses more than 150,000 kWh of electricity. If your studio is for customer-facing purposes, using renewable energy boosts your green credentials and helps attract more consumers.

In addition, switching providers where necessary is crucial. If you source a cheaper offer that covers your studio energy needs, ensure you switch providers. Ensure you approve a quote with the new provider first before going ahead. Also, check that you’ve paid all outstanding expenses, that your existing contract is over, and that you’ve allowed for the notice period.

Changing providers usually takes five to seven days, but your new provider will keep you informed. Some providers may ask you to give them a meter reading via your online account or telephone. There should be no disruptions to your existing energy supply throughout this time.

Follow these steps to guarantee the cheapest electricity rate for your creative studio and make your operations—whether product animation or 3D modelling—more economically viable. Contact Switch Plan, our trusted partner, for more information on energy suppliers in the UK.

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