Boost your balance sheet with dual fuel bonuses

AS a business owner, you will know that a vital move for every company is to discover ways to cut down on spending without cutting back on the quality of products.

Whereas it can be difficult to find areas of your business where you can afford to cut back, by shopping around and signing up for a dual fuel bonus you can receive excellent discounts on your business gas and electricity without having to worry about delivering a lesser service to your valuable customers.

The concept of dual fuel is simple: you receive your gas and your electricity from the same energy supplier. Though this makes little to no difference physically to your household or business premises, it can make a substantial difference to your bank balance. Energy companies almost always offer the customer a dual fuel discount or bonus to convince you to switch from your current provider.

My Business Energy reported that up to 34.5 per cent of small businesses have faced increases in unit price and standing charges. By signing up for a business dual fuel bonus, you could be one of the lucky few who shed those additional costs and save yourself thousands of pounds before your next monthly, quarterly or annual bill. Shop around online for the best company to switch to for the cheapest dual fuel bonus; some of the best deals can be found on money saving or comparative websites.

Many providers work in league with other companies to provide a deal that is even more financially beneficial and appealing for you. For example, British Gas and Nectar have joined forces to offer customers up to 1,800 Nectar points in a year, simply by submitting your quarterly meter readings to the Nectar website if you are a British Gas dual fuel customer.

npower offers customers a National Trust Dual Fuel with Green Energy bonus. This includes discounts with every monthly bill and a dual fuel discount, and also the promise of a £15 annual donation from npower to the National Trust Green fund. The benefits of switching to dual fuel do not end with your bank balance; with the opportunity to make additional money, or contribute to a charity, the switch to dual fuel is even more tempting.

Comparative websites such as MoneySupermarket.com or energyhelpline.com are dedicated to ensuring that you receive the best value for your money. The discounts available can depend heavily on the location of your home and business, and so to save risking a loss of money or a smaller discount than you were expecting, these websites give you all of the relevant information available on each provider within minutes.

Customers of GoCompare were able to save up to £521.33 on their gas and electricity simply by using their website, and they advise that a further 89 per cent of people are still able to save on their gas and electricity bills by switching to dual fuel. Registering with comparative websites enables you to be one of the first to see new deals as they become available while remaining safe in the knowledge that you are being given the best advice from a company you can trust.

With the additional benefit of only having one bill delivered to you on a monthly, quarterly or annual basis, the perks of switching to dual fuel cover for your business seem endless. Switching to dual fuel should be a natural progression for every business; it's not only convenient but also much cheaper than staying with a single fuel provider.