paying for the shop?

wonderwoman1972

Hi can someone give me some advice. I live in a flat above a shop and there is only one electricity supply. At the moment, we are paying commercial rates for our electric - but we use more electricity than the shop. Can we pay domestic rates instead? How can we get our electricity cheaper? Any advice appreciated - thanks

166million

Is it your shop? Or do you just rent/ own the flat

footyguy

wonderwoman1972 wrote: »

Hi can someone give me some advice. I live in a flat above a shop and there is only one electricity supply. At the moment, we are paying commercial rates for our electric - but we use more electricity than the shop. Can we pay domestic rates instead? How can we get our electricity cheaper? Any advice appreciated - thanks

If you are the account holder, then as a businerss customer (at least as far as the account is concerned), it'll be down tou you to negotiate the best deal you can with whichever supplier you want to use.
There are some brokers who may be able to assist you ... but may charge you handsomely for such assistence.

Speak to HMRC if you want to discuss the VAT rate. Presumably as a shop, you are registered for VAT anyway. You might be better off as you are - if you take the reduced domestic rate, I can't see HMRC allowing you to reclaim it.

But probably the best way to reduce cost is to reduce consumption. How you can be using more in a flat than the shop uses is definitely worth investigating

Oh, welcome to MSE :hello: ...and Good luck! :cool:

Robin9

It may well be possible for you to have your own meter but that meter will probably be alongside the shop one. You will also have to split off the flat wiring from the shop and you will need an electrician to quote for this. Then there may well be an issue in accessing your meter (for reading) and a main switch and/or fuse board.

Not a cheap exercise.