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Business Electricity Rates for Merchants

Learn more about securing the best electricity plan for your salon or auto shop.

Allie Ogletree
Editor:Jamie Cesanek
Updated:05/08/2024

At Choose Energy, our reporters seek out information that puts you in control of your energy. Our partners do not direct our editorial content, though we may reference their products in our posts. Read about how we make money to learn more.

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Business energy rates and plans for merchants

If you’re a business owner, you’re likely aware of how costly energy bills can impact your company. Whether you run a nail salon, hair salon, or auto shop, choosing the best commercial electricity plan can help you maximize your budget. 

According to the Energy Information Administration (EIA), the average U.S. commercial electric rate is currently 12.81 cents per kilowatt-hour (kWh). Commercial electricity rates are typically cheaper than residential ones because businesses rely on a large amount of energy to keep their facilities running properly. For example, the cost of heating water in hair and nail salons can quickly add up. Likewise, keeping your auto shop cool during hot summer days can significantly increase your electricity bill. Lighting and equipment for large facilities also add up on energy bills.

Table of contents

  1. How to find the best business electricity provider
  2. Importance of energy efficiency for small businesses in the service industry
  3. Energy conservation strategies for salons and auto shops 

How to find the best business electricity provider

As a merchant, one way you can save on business costs is by finding the best business electricity rates and plans near you. Choose Energy makes the process of finding the right commercial energy provider and plan simple. We partner with top commercial electricity providers to connect customers with their best options. To get in touch with one of our expert agents, fill out our business electricity form or call the number on your screen. 

Plan types

When shopping for a business electricity plan, you’ll come across two common pricing structures on the market: fixed-rate plans and variable-rate plans. Here’s how each one works.

  • Fixed-rate plans: These plans have a set rate for the duration of the contract, which usually lasts 12, 24, or 36 months. You’ll have a consistent rate, but you may incur an early termination fee (ETF) if you switch providers or plans before the end of your contract.
  • Variable-rate plans: These plans have rates that change from month to month depending on the energy market. You may save on energy during low-demand periods, but you’ll also be more likely to pay more during peak periods like summer. 

Call (855)-404-2027 to speak with one of our energy specialists today. 

Importance of energy efficiency for small businesses in the service industry

Small businesses can implement energy efficiency strategies to lower their electricity bills, help protect the environment, and boost their reputation. 

Lower operating costs

Energy efficiency can help your business decrease its operating costs. You can boost your bottom line by lowering how much energy you consume. You can also choose a 100% green business energy plan from a top provider in your area offering green energy plans sourced from wind and solar energy.

Better for the environment

Another benefit of energy efficiency is that it helps lower your company’s carbon footprint and reliance on fossil fuels. When you decrease your energy consumption, you help reduce the amount of emissions released from electric power generation.

Boost your reputation

Your commitment to a sustainable future can be a valuable boost for your company’s reputation to help you stand out to eco-conscious shoppers and business investors. Identify ways to save energy in your daily operations and shop for a green energy plan using Choose Energy to market your mission for sustainability to prospective customers.

Energy conservation strategies for salons and auto shops 

While shopping for a cheap energy rate can help lower your expenses, energy conservation can help you save even more overall. Here are some basic energy conservation strategies for businesses in the nail salon, hair salon, and auto shop industries:

  • Swap out incandescent light bulbs for LED lighting.
  • Install motion-activated lighting with dimmer settings.
  • Replace outdated appliances with ENERGY STAR-certified air conditioners, water heaters, washers, and dryers.
  • Invest in routine appliance maintenance and tune-ups.
  • Choose cleaning products, materials, and supplies from companies dedicated to sustainable business practices.
  • Unplug electronics that aren’t in use.
  • Lower your water heater to 120 degrees Fahrenheit.
  • Invest in solar energy and solar battery storage solutions.
  • Encourage staff to make energy-smart decisions, like turning the water off while applying shampoo and conditioner to hair.
  • Wash towels at a lower temperature and shorter cycles.

If you’re ready to learn more about business electricity for your company, call the number on your screen.