We ask a small set of questions which helps us understand your business and its needs.
Once your quotes are ready, an expert from our trusted partner will be in touch.
Pretty easy wasnt it?
Our simple comparison process is designed to quickly provide you with a variety of small business energy quotes. Simply enter your details into our useful online comparison tool and we will negotiate the best prices from our panel of small business energy providers. All we need to know are details such as, the rate you currently pay, when your contract is due to end and how much energy you use. These can all be found on your most recent bill.
Our team will conduct a quick energy audit, which will give us a complete understanding of your requirements. We will then provide you with a variety of quotes which you can compare to find the best small business energy provider.
Our panel includes the ‘Big Six’, however we also partner with a selection of independent energy suppliers, who are committed to great prices. This means you can compare prices from suppliers such as nPower, EDF Energy and British gas, without missing out on great deals.
There are a variety of energy tariffs available, although the most popular tariffs are fixed and variable rate plans.
A fixed price tariff is ideal for businesses which are looking to budget effectively for their business energy costs. This is because the bills will be based on a fixed energy rate, for the duration of the agreement. It is possible to negotiate competitive rates for up to 5 years. Although, the majority of fixed rate contracts will be for 1 to 3 years.
If you want your business to benefit from rate reductions, a variable rate tariff may be more suitable. With variable rates, the price per unit fluctuates depending on the wholesale energy cost. This could lead to a rise in your energy prices, although it is always possible to switch suppliers if this happens.
Before you complete your price comparison, it is useful to know how suppliers calculate the cost of your energy supply. Your overall business energy costs will be based on a variety of factors. These are completely individual to your business, rather than being based on figures for the average business energy consumption.
These factors include; the location of your business, what time you use the most energy, how much energy you use and the size of your premises. The actual small business energy prices are then divided into two separate charges.
These include the standing charge and the unit price, which will reflect the individual circumstances of your business. The unit price is measured in pence per kWh, whereas the standing charge is a charge in pence for each day of your supply.
Business energy VAT is usually charged at the standard rate of 20%, however you may be eligible for a reduced rate of 5%. If your business uses less than 145 kWh of gas per day, or less than 33 kWh of electricity per day, you will only pay VAT at 5%. Unlike other business to business payments the VAT cannot be reclaimed. However, there are some exemptions to this rule.
If you run a micro business, there are specific micro business energy prices available to you. Your business will qualify as a micro business if your energy consumption is below 100,000 kWh per annum. You also need to employ less than 10 employees and have a turnover which is below £2 million.
Once you compare quotes you might find that another supplier is offering lower energy prices. If you decide to switch, the whole process is actually very simple, as the new supplier manages everything. The new supplier will notify your current energy provider that you are switching your supply, they will then send you a changeover date. On this day you will need to send them a final meter reading and the whole switch will be complete.
If you are looking to reduce your energy bills, following an energy efficiency program could help. The energy usage of every business varies, although the average small business energy usage sits between 15,000 and 25,000 kwh. So, if your business has a usage of roughly 20,000 kWh, you are roughly average in terms of energy usage.
If your business is using excessive amounts of energy, you could benefit from business energy saving tips. Many suppliers are introducing new methods of monitoring energy efficiency for small business UK wide. For example, this could include free energy saving devices which monitor how and when you consume energy.
There are certain grants through national grid small business energy efficiency programs. This means your business could receive funding for LED lighting, insulation, heat recovery, variable speed drive compressors and energy storage. The majority of the funding available is based on regional boundaries, so the first place to contact for advice should be your local council.
For many years the UK government has been committed to promoting the use of renewable energy. This is largely driven by the EU, which has set a target for all countries to achieve a 30% renewables target by 2020. This means that there are a variety of schemes available to aid businesses in their use of renewable energy.
Instead of small business grants for solar energy, the government offer a Feed-in Tariff (FiT). This means that the government will pay you for the energy which your business produces through solar power. Although, the main benefit of solar energy is that your bills will drop significantly, as you are producing your own electricity.
If your application for FiT is successful, the rate your business receives will depend on a variety of factors. For example, the technology installed, how efficient your business is and the size of the system. If your system produces more than 30kWp, you will need to have an export meter fitted to receive payments.
Did you know that our simple small business energy comparison service, could quickly reduce your energy bills? We can help you compare energy prices, tariffs and deals, so that you are with the best supplier for your small business.
This useful guide will take you through the process of comparing business energy suppliers and introduce you to the grants available for small businesses.
Here at BusinessComparison we are committed to providing your business with access to the cheapest energy. To find out more about comparing prices or how to reduce your business energy usage, please contact our team today.