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We ask a small set of questions which helps us understand your business and its needs.
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Managing business expenses can be difficult, especially when it feels as if utility bills are always on the rise. The great news is that we can help you find great value business electricity with our quick, simple and hassle-free business electricity comparison service.
With an endless list of business electricity suppliers in the UK to choose from and hundreds of possible tariffs, we know how overwhelming it can be. By using our service to compare business energy online, we can provide you with access to the best deals on the market.
Instead of scouring what can seem like an endless list of business electricity suppliers in the UK, we can help you compare the business electricity rates of the 'Big Six' including; British Gas, EDF Energy, E. ON, npower, Scottish Power and SSE, alongside a variety of small-scale suppliers.
Comparing business electricity rates is completely free and 100% impartial, which means in just a few quick clicks you could find the cheapest business electricity. We are committed to helping you find the best business electricity deals, by comparing both business electricity tariffs and the supplier's ability to provide the best quality service. There are so many ways to save on your business electricity bills, regardless of whether you are looking to switch a large or small business electricity plan.
Business electricity costs are based on the fluctuating wholesale cost, which will change daily. Although rates are often lower than domestic electricity, the VAT rate for business electricity is charged at 20%, rather than the domestic rate of 5%. These differences can make comparing electricity for business premises difficult, as there are so many individual tariffs available. However, our comprehensive comparison service is designed to make it as simple as possible to compare the unit rates and current offers, so that you can switch to the best electricity for business customers with ease.
The ideal time to compare your business electricity is before your renewal window, which is usually between 1 and 6 months prior to the expiration date of your current electricity contract. This gives you time to compare the available options and find a competitive tariff. Alternatively, you can wait for your current supplier to provide a renewal offer, as this will give you a starting price to compare the quotes from other providers.
Comparing business electricity with our dedicated team is surprisingly simple, all we require are a few details. To ensure you are provided with an accurate quote, it is advisable to provide us with an accurate estimation of how much energy you are likely to use or information on how much you currently spend. To enable us to compare the available business electricity online quotes, it is also useful to provide your location and the tariff details of your current business electricity plan.
This will enable us to calculate and provide an accurate comparison of the potential business electricity rates and the savings they could provide. The electricity prices will vary between different regions of the UK, as the charges which the local distribution networks add to the energy supply within your area will vary greatly.
We will compare business electricity contracts for businesses and present you with the best deals available to you. All you need to do is compare the unit rates, standing charges and the terms of the available plans and select which option works best for your business electricity requirements.
By comparing the available rates and ensuring you are on the best tariff for your own business requirements, you will ensure your business is not locked into a high-cost rollover tariff. The tariffs available may depend on the type of business electricity meter currently fitted within your premises. The most common meters are half-hourly meter which are often used in businesses with large consumption levels, multi-site meters and the cost-saving smart meters.
A fixed-term contract is usually the cheapest option as it locks in a price for a set number of years. However, it is worth remembering that if you leave a fixed rate tariff early, you may be required to pay an exit fee. Although, in many situations there are still savings when taking into account any fees thanks to the new reduced business gas prices. When signing up to a new provider it is possible to lock in a rate for a fixed period of between 1 and 5 years, which means you will know exactly what you will be required to pay over the agreed period. Although, it is worth considering that the longer fixed rate period you choose, the more expensive the tariff.
The opposite to a fixed rate tariff is a variable rate contract, which will require you to pay the current market rates for energy for each unit used. This means you business will be impacted by fluctuations in gas prices and your bills each month could change even if the same amount of gas is used every month.
The information you provide to us will be passed across to your new supplier, who will contact you to confirm the switch. The new supplier will then take care of the switching process and your supply will not be interrupted at any point during the switchover. The new electricity supplier will notify the current provider and will manage the switchover process on your behalf. You will receive a final bill from your old supplier, which you will need to pay to close the account.
The required information will be simple to find on your most recent electricity bill such as, the current suppliers' details, the type of business electricity you currently receive and how much you are using. The new supplier will also need your meter point reference number (MPRN). The easiest place to find this will be at the top of your latest bill, it will contain 11 digits.
The amount you save will largely depend on the size of your business, but the potential savings can be huge. There are some businesses which are able to save £1,000s by switching, however until you provide your specific details it is not possible to give an accurate figure. As the individual business electricity tariffs are designed for each business, it is difficult to suggest a typical tariff as no two will be exactly the same.
In 2015 the Competition and Markets Authority reported that roughly 40% of businesses in the UK had not switched energy providers in the past five years, with 39% never switching. This means there are thousands of businesses which have been overpaying for years without knowing. In fact, we are so confident we can beat your energy renewal quote that if you find a cheaper option, we will give you up to £1,000.
If you never want to overpay for your business electricity again, we will take care of the hard work by providing you with a variety of business electricity quotes from suppliers who will handle the whole process for you. We are dedicated to helping you find the best deal from the most customer focused suppliers. To find out more about our comparison services for business gas and electricity, please contact our team today.
There are three possible ways to save money on your electricity bill; using less energy, making energy efficiency improvements and switching suppliers. The easiest and quickest way to reduce your energy bills is to switch suppliers. This is because the majority of suppliers of electricity for businesses in the UK will provide the best rates to new customers.
To get the best contract for your business you should consider a variety of factors, for example are your requirements likely to change and how long will you be based at your current premises. The prices of business electricity can vary greatly as the tariffs are based on your specific circumstances, however we can help you compare individual quotes to save you money on future electricity bills.