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Protect your rates from rising business energy costs

Protect your rates from rising business energy costs

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A guide to comparing business gas & electricity suppliers

With so many business gas and electric suppliers available in the UK, it can be difficult to compare the range of tariffs. Every business will have unique requirements for its gas and electricity requirements, which can make it difficult to compare contracts. It is also very time-consuming to contact each of the gas and electric business suppliers to find their best quote.

We are committed to helping companies compare and access quotes from the best business gas & electricity suppliers. We have excellent relationships with the most competitively priced business gas and electric suppliers. This means our energy team are the ideal people to negotiate the best prices on your behalf. This useful guide will take you through the various steps involved to compare and access the most competitive deals.

How to compare prices from all business gas & electricity suppliers

To compare prices from business gas and electric suppliers, it can help to understand how the quotes are calculated. The prices you are quoted for both your gas and electricity supply can be broken down into several charges. Although, the two main costs are the unit price and standing charge. The unit price is measured in kWh and refers to the amount you are paying for each unit of energy used. The standing charge is a set daily fee which the supplier charges to cover the costs involved in supplying their services.

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The differences between fixed and flexible rate contracts

The majority of contracts from the business gas & electricity suppliers in the UK will be either flexible or fixed rate. A flexible rate contract will usually offer the lowest rates initially. However, the price depends on the wholesale price of the energy. If the price of gas or electricity increases, the supplier is likely to pass these costs on to their customers. This will mean that energy costs could rise unexpectedly resulting in higher bills.

If your business is looking to secure a predictable price, a fixed-rate contract is probably the most suitable option. The supplier will offer you a set rate for the duration of the contract, usually be between 1 and 3 years. This will help your business budget effectively, but if prices on the market fall you will not benefit.


What is a deemed rate tariff?


Occasionally, some businesses will be using electricity or gas with a deemed rate, which is the most expensive form of energy. These types of tariffs are applied to businesses which have recently moved into a new premises. However, they have not yet agreed a contract to supply electricity or gas.

They are similar to rollover contracts, which some business gas and electric suppliers will use. These will be automatically applied if customers fail to agree and renew a contract yet continue to use the supply.

How do business gas & electric suppliers calculate prices?

Although the contracts are divided into clear options, the actual prices of the tariffs are determined by a variety of factors. Including, business size and location and the type of contract required. Business gas & electricity suppliers will always offer the lowest prices to customers which represent the lowest risk to them.

If you operate a large business which uses large quantities of gas or electricity, you will benefit from the best prices. The location of your business can also have a significant impact on the price you pay business gas & electricity suppliers. It costs more to supply services to businesses in remote rural areas, so companies in these areas will pay more.

However, many of these factors are likely to be out of your control when negotiating prices with business gas and electric suppliers. Although, there are still some ways to reduce your bill. If you can demonstrate a commitment to paying you energy bills regularly you could reduce your bill. For example, instead of paying by card or cheque, you should switch to direct debit payments.

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Could I save by switching business gas & electricity suppliers?

If your business is likely to be charged a high price by business gas & electricity suppliers, our team can help. Many suppliers will offer new deals to their best customers, or to those who simply switch to a new tariff. There are often ways to easily negotiate a reduction in you bills by contacting business gas and electric suppliers.

How to switch business gas & electricity suppliers

We know how many different factors there are to consider when comparing prices from business gas & electricity suppliers. However, our quick and simple comparison service can help. Our team can search our wide panel of business gas and electric suppliers to find the best deal for you. All we need are a few simple details from you and you could soon be saving.

These can be provided through our convenient online form or over the phone to our energy team. The information can be found on your recent bill or contract. We will need to know details such as, the name of your current supplier and when the contract is due to end. This information will be used by the business gas & electricity suppliers to gain a better understanding of your energy requirements. This will mean that they can provide an accurate quote for you to compare.

Compare quotes from a range of business gas & electricity suppliers

Once we receive the quotes, they will be passed on to you to review. It is then up to you whether you switch your gas, electricity or both to a new supplier. Our service is completely free of charge and you will be under no-obligation to switch any of your services.

The panel includes the largest business gas and electric suppliers in the UK. These are known as the ‘Big Six’; British Gas, SSE, E.ON, EDF Energy, Npower and Scottish Power. However, in our search to provide our customers with the best rates we have also partnered with hand-picked independent suppliers. These are all known for excellent prices and great customer service.

How do I switch to a new business gas & electricity supplier?

If you do decide to switch, the new supplier will manage the whole process by liaising with your old supplier. The new supplier will send you a letter with a changeover date, this will be the date your supply switches across. It will be your responsibility to take a final meter reading of your services and send it to your old supplier. They will then calculate your final bill, which you will need to pay to close the account. The new supplier will also ask you to set up your payment method ready for your first bill.

If you have used services in the past such as the U Switch gas and electricity business switching service, our team guarantee to find you the best price. To find out more about comparing prices from our panel of business gas and electric suppliers, please contact our team.

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