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Understanding commercial energy rates
Property management and apartment complexes can benefit from shopping around for commercial energy rates and plans in many deregulated energy markets. Businesses pay lower electricity prices than residential customers because they use more energy. On average, businesses consume 6,019 kilowatt hours (kWh) of electricity per month, while households use 899 kWh per month.
The average U.S. commercial electricity rate is 12.39 cents per kWh, according to the latest Energy Information Administration (EIA) data. It is 24% lower than the average residential rate (15.73 cents per kWh). Commercial energy rates are determined by your monthly consumption, peak usage times, and other factors. Property management companies can save on commercial electricity rates through bulk purchasing.
Choose Energy can help find business plans for apartment complexes and property management companies. Call 855-404-2027 to connect with our business energy experts. They can help you discover the best rates and build a customized commercial electricity plan.
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Commercial electricity rates for property management and apartments
Finding affordable commercial energy rates ensures lower costs, long-term stability, customized property management energy solutions, and tenant satisfaction.
- Reduced energy costs. Lower energy costs allow property managers to use their resources for property upkeep.
- Long-term financial stability. Securing affordable energy rates helps maintain a steady budget.
- Customized plans. Property managers can compare and choose an energy plan tailored to their needs.
- Tenant satisfaction. Lower energy rates can result in lower utility costs for tenants, improving their satisfaction and retention rates.
Discover affordable business electricity rates with Choose Energy
Choose Energy can help property management companies discover cheap commercial energy rates. Our energy experts can connect you with local energy providers offering customized plan options. Here’s how to secure the best energy rate:
- Prepare your documents. Have your utility bill, employee identification number, business address, and renewal rate handy to answer any questions.
- Reach out to us. Fill out our commercial energy form or call the number on the screen to discuss your energy options with our business energy experts.
- Receive personalized plans. Our experts can help you sign up for customized energy plans from leading providers.
The providers on our marketplace offer various pricing options for electricity, natural gas, and renewable energy products to meet your business needs. You can also explore our energy buying guide for plan details and tips to reduce your electricity bill.
How property managers can save more on electricity costs
Conduct a property energy assessment
An energy audit evaluates a property’s energy usage. It identifies issues like poor insulation, inefficient lighting, and outdated HVAC systems and appliances. Property managers can reduce utility bills and boost property value by addressing audit findings.
Promote energy conservation
Property managers should educate tenants on energy efficiency and sustainable practices in various ways, including:
- Providing energy-saving tips in welcome packets.
- Hanging flyers in shared spaces with reminders to switch off lights and unplug unused devices.
- Offering rewards to tenants for participating in energy-saving initiatives.
Participate in demand response programs
Apartment complexes can join demand response programs available through the local utility to cut energy use during peak hours. These programs can help lower your property’s energy costs and stabilize the power grid.
Implement energy-efficient practices to reduce costs
Adopting energy-efficient practices can help property management companies lower their total energy costs. These strategies can include using the following products throughout the building:
- LED bulbs
- Programmable thermostats
- Improved insulation
- ENERGY STAR-certified appliances (refrigerators, HVAC systems, washing machines, and dishwashers)
Commercial energy rates and plans in my area
Find tailored electricity plans for your business needs and save on electricity costs with Choose Energy. Call the number on the screen or fill out our commercial energy form to get started. Our business energy experts can help you find the best commercial energy solution for your property management company or apartment complex.