Negotiating with Your Business Energy Provider Reading Answers is an academic reading answers topic. Negotiating with Your Business Energy Provider Reading Answers has a total of 6 IELTS questions. In the question set given, candidates have to select which section of information mentions the following advice?
The IELTS Reading section is an essential part of the test that evaluates a candidate's comprehension and analysis of various passage types. You will work through a number of IELTS reading practice problems in this section that resemble actual test situations. These questions are designed to help you improve your ability to recognise essential concepts, extract particular facts, and make inferences. Practising these IELTS reading problems can help you get comfortable with the structure and increase your confidence for the exam, regardless of whether you are studying for the Academic or General Training module.
Check: Get 10 Free Sample Papers
Check: Register for IELTS Coaching - Join for Free Trial Class Now
Negotiating with Your Business Energy Provider
It's possible to negotiate a better deal from your energy company if you prepare and understand what you can negotiate on. Here are some tips for getting the best price for your energy bill:
A:The more your energy provider knows about your current usage, the less likely they are to charge you a premium. Aim to give them at least 12 months of data showing your energy use for each half-hour period. This will show them your peak, shoulder, and off-peak usage and your maximum demand, which may influence the network charges that you pay. You can obtain this data by contacting your energy provider.
B:For smaller businesses on market retail contracts, ask your retailer about terms and conditions. Enquire about details on pricing and any discounts with an offer, such as pay-on-time discounts. If you negotiate your contract, review it before making any changes to your energy use or contract. While reviewing your contract, it's important to 100k for any special clauses. Some contracts include a 'take-or-pay' clause means that if you use less than a minimum amount of energy, you still have to pay. Contracts and clauses vary between energy retailers, so it may be worth doing some research or talking to an energy broker to discuss your options.
C:You can easily do an online search to see how your energy contract compares to similar businesses. You can also consider using an energy broker or a third party to get a better deal. When you're shopping around, make sure you bear in mind any broker or exit fees in your comparison. Search the Energy Made Easy website to compare electricity and gas offers.
D:If you negotiate a contract, you don't have to wait until the end of your contract to begin a new one or get a better deal. Energy prices can change throughout the year, so consider negotiating on a low-priced day or when the market prices are going down.
E:The term of your energy contract is another way you can save money. By understanding the market, you can adjust your market contract period to suit. In a rising market, where current prices are cheaper than future prices, it may be better to choose a longer contract. In a decreasing market, it may be better to select a short period, with the aim of buying cheaper in the future.
F:When negotiating your contract, it's important to consider any major developments you plan for your business. If you plan to expand your operations, consider a shorter contract until you have a better idea of the energy you'll need.
Questions 22-27
Which section of information mentions the following advice?
22. Be selective about exactly when you want to start your contract.
Answer: D
Supporting statement: Energy prices can change throughout the year, so consider negotiating on a low-priced day or when the market prices are going down.
Keywords: negotiate, low-priced day, market prices
Keyword Location: Para D, Line 3
Explanation: This section advises timing the negotiation (and thus the start of the deal/contract) to align with a low-priced day or when market prices are decreasing
23. Take into account any projected changes in your business before deciding on a contract length.
Answer: F
Supporting statement: When negotiating your contract, it's important to consider any major developments you plan for your business. If you plan to expand your operations, consider a shorter contract
Keywords: major developments, expand your operations, shorter contract
Keyword Location: Para F, Lines 1-2
Explanation: This section directly links the contract length decision to major developments or plans to expand your operations (projected changes).
24. Ask your energy company whether you can get a reduced payment for prompt payment.
Answer: B
Supporting statement: Enquire about details on pricing and any discounts with an offer, such as pay-on-time discounts.
Keywords: discounts, pay-on-time
Keyword Location: Para B, Lines 2-3
Explanation: This section advises asking about discounts, specifically giving pay-on-time discounts as an example of a potential price reduction for prompt payment.
25. Negotiating a contract length that can allow you to take advantage of lower prices is an important consideration.
Answer: E
Supporting statement: In a decreasing market, it may be better to select a short period, with the aim of buying cheaper in the future.
Keywords: decreasing market, short period, buying cheaper
Keyword Location: Para E, Lines 4
Explanation: This section explains how to use a contract term (short period) in a decreasing market to buy cheaper in the future, which is taking advantage of lower prices.
26. Tell your energy company about when you use the most energy.
Answer: A
Supporting statement: This will show them your peak, shoulder, and off-peak usage and your maximum demand
Keywords: peak, shoulder, off-peak usage, maximum demand
Keyword Location: Para A, Lines 3-4
Explanation: This section encourages providing 12 months of data to show the provider the business's usage patterns, including peak usage, which is when the most energy is used.
27. It's important to consider whether there are costs to leave a contract when you think about changing providers.
Answer: C
Supporting statement: When you're shopping around, make sure you bear in mind any broker or exit fees in your comparison.
Keywords: shopping around, exit fees, comparison
Keyword Location: Para C, Lines 3-4
Explanation: Exit fees are the costs associated with leaving a contract early when changing providers, and this section advises bearing them in mind.
Read More IELTS Reading Related Samples
Comments