Compare Business Electricity Prices

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Business and Commercial Electricity Prices Our industry leading market knowledge enables us to procure the maximum savings on your electricity bills. If your renewal notice proposes large price increases, then let us save you money. Simply enter your details into our online quoting system to receive all options available today. In 60 seconds, you can compare business electricity prices and select the tariff that’s right for your company.

All customers using our services are guaranteed a quote that’s lower than any published renewal notices received from their existing supplier. The calculator used to determine quotes is accredited by the Utilities Intermediaries Association, so you’ll receive a fair and unbiased assessment of your needs. Access the panel of suppliers using our online tools or discuss your requirements with an advisor by calling 0800 690 6008.

What are Average Unit Costs and Daily Charges? With wholesale prices stable for the past few years, the average retail price has also remained largely unchanged. Direct unit charges today are similar to those from three years ago. Every contract established comprises elements of a cost per unit used and a daily standing charge. As the consumption rises the fixed charges increase, but unit costs reduce.

This graph highlights the trends over the past few years. Note that the standing charges (SC) are climbing whilst unit costs/kWh are flat or slightly reducing. Several years ago the average SC was 21.96p whereas today it has risen to 27.00p per day. Unit rates are averaging 13.15p/kWh, which is a 48.6% increase from early 2011. Advice on Switching to the Best Direct Deals Overall Tips and Information All energy contracts for commercial customers are for fixed rates for a fixed time period.

These normally cover a one-year duration, although three-year long-term agreements are also available to mitigate fluctuations from the wholesale market. Six suppliers control 95% of the market, namely, British Gas, Npower, EDF, EON, Southern Electric and Scottish Power. Alternatives available now include CNG, Gazprom, Opus & Haven Power. There are wide variations in pricing so a comparison between all providers is always good practice.

Cheapest Commercial Electricity Rates Chart Name Description Prices 1. E.ON E.ON mostly work with brokers offering agressive pricing for SMEs. Get latest price 2. EDF EDF supply 21% of UK businesses with energy and offer some of the lowest rates. Get latest price 3. British Gas The UK's largest residential supplier with competitive rates for gas & electricity. Get latest price 4. RWE Npower The 2nd largest commercial operator for companies looking to lower their bills.

Get latest price How do You Ensure Your Rates are Competitive? The market for commercial and industrial premises works in a similar manner to residential switching services. Changing providers or plans is an efficient and automated process driven by your supply contract. Whether you’re moving, operating a change of tenancy or renewing on reduced terms, your new contract can only start when your existing arrangement expires.

By following the best practice guidelines set out below, you’ll ensure you take advantage of the competitive nature of this industry and circumnavigate potential pitfalls. Avoid rollover contracts If you receive a renewal notice from your current supplier, do not accept the automatic extension offer. Commonly known as “rollover contracts” your new charges are typically 70%-100% higher than you’re currently paying.

Terminate your current agreement It’s essential you formally terminate your current agreement by email or post before the date outlined in your terms and conditions. If you don’t, you’re unable to change to a new contract. Shop around for the best deals Use our comparison tools to research all available options open to you. Over 61% of companies elect rollover contracts each year and sacrifice combined potential savings of £1.

8 billion. Out of contract and deemed rates Ensure you formally sign a new term otherwise you’ll activate so-called “out of contract” rates. These charges are at least double what you are paying today and come into force when your contract expires. What about Half Hour Meters and Multi-Site Businesses? If you’re one of the 120,000 organisations in the UK operating under a half hourly metered provision, then specialist solutions are necessary to manage the negotiation and submission process.

This profile class requires your details to be directly submitted to the energy suppliers to receive bespoke quotes and follow a prescribed tendering process. Our dedicated brokering team has helped many hundreds of HH customers to reduce their invoiced costs, but also improve efficiency through management software. Multi-site operations are managed differently from individual quotes because of the volume of meters involved.

We’ll gather your data and request a group procurement offer for all your sites. How Can Energy Management Systems Help My Business? Companies can lower expenses by reducing consumption and introducing energy efficiency products. Innovations together with industry leading desktop software help manage usage and maintain visibility via reporting analysis. The Carbon Trust estimates that by investing in efficiency annual savings of between 10% and 20% are achievable throughout the organisation.

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Find out how much you can save. Request a call from an expert - simply complete the form below and let us know when you'd like us to get in touch. Or why not call us on: 0800 188 4930 Many UK businesses rely on electricity to function. Whether it’s used to simply light a premises or to operate essential machinery, this reliance means it’s important for business owners to ensure they’re getting the best deal possible on their business’s electricity supply.

However, in an energy market where prices are rising, the task of finding a cheaper business electricity quote might seem like a major project. But, provided you’re armed with the right kind of knowledge, the reality is that it’s easy to compare business electricity prices & find a cheaper tariff – particularly if you use the services of a broker. To help you get off to a good start on your switching journey, we’ve put together this guide covering the relevant areas of comparing and switching your business electricity to help you find a cheaper quote, including: To get started read on, or click the links above to jump to specific topics.

Alternatively, you could contact one of our team on 0800 188 4930 who, after a short conversation, can not only organise quotes on your behalf, but also advise you on which deal will best suit your needs and switch you within minutes. Business electricity tariffs: an introduction Unlike on the domestic energy market, when you’re looking to secure a new business electricity tariff, you must approach each supplier individually for a quote.

This is because suppliers will offer you a bespoke business electricity quote based off an assessment that they carry out of your business and its consumption habits. Bespoke business electricity quotes can offer customers and suppliers the flexibility that is required to meet the varying consumption habits of all businesses in the UK. However, it can also cause confusion for customers new to the market who are looking for guidance on what a good business electricity tariff looks like for them.

This is because no two businesses – regardless of how similar they are – will have an identical business electricity contract. There are, however, similar contract structures, and familiarising yourself with these is one easy way to identify if you’re getting a good deal. To help you understand how your tariff stacks up against the rest of the market, you will first need to find your current tariff type.

In the lsit below we have outlined some of the more frequent contract types that small and medium sized business owners are likely to encounter when running a business electricity price comparison. Fixed rate tariff (Competitive) A fixed rate business electricity tariff allows customers to pre-agree unit rates with their supplier and pay these rates throughout the duration of their contract. These rates are usually competitive, but it is recommended that you run a business electricity comparison if possible to be sure you can’t get a better deal elsewhere.

Deemed rate tariff (Not competitive) Deemed rate tariffs work on 28-day rolling terms that come into effect if a customer fails to formally agree a new contract with their supplier before their current business electricity tariff ends. On a rolling contract you’re charged at inflated rates, so it’s recommended that you look to switch away from these contracts as soon as possible. Rolling Contract (Not competitive) Rolling contracts are only practiced by a select few suppliers, as many others have adopted the much fairer practice of deemed rates.

A rolling contract ties a business customer into a new year long contract on inflated rates. You can sometimes negotiate a new contract on blend and extend terms, which allows you to agree new lower rates by signing up to a new long term contract. However, these new business electricity rates will still not be as competitive as others you could find elsewhere on the market. Regardless of the type of tariff that you’re on, there is always the possibility that you can save by switching to another business electricity tariff.

It’s recommended that you take every opportunity to shop around and see if you can find a cheaper business electricity quote on the market. If you would like help running a business electricity comparison to see if you can get a better deal elsewhere, then call us today on 0800 188 4930 to speak with one of our team. What costs make up your business electricity prices? When shopping around for a new business electricity tariff, there are two costs that you will need to pay particular attention to: A cost that covers each unit of electricity (kWh) that your business consumes.

Standing charge This cost is a daily charge that covers the maintenance of the national grid, and the cost of transporting electricity direct to your business premises. These are the two main costs that will make up your business’s electricity bill, so they are likely going to be somewhat of a priority for many business owners when comparing business electricity quotes. However, as each business is offered bespoke pricing, how can you tell how much your business should be paying for these costs? Unfortunately there is no definitive answer to this question.

However, based on the industry averages outline in the list below you can begin to understand how your business electricity costs stack up against the rest of the market. Business size Unit Cost Standing charge Micro business 12.5p 27p Small business 11p 25p Medium business 10.5p 22p Please note: The figures given above are only based on industry averages and are only intended as a guide.

It’s worth remembering that many contributing factors can impact the amount that you pay for your business electricity including consumption habits and the location of your business premises. Comparing business electricity quotes for a better deal The opportunity for business owner to compare business electricity deals is limited so it’s always recommended that you shop around for a cheaper business electricity rates whenever the opportunity presents itself.

Under the terms of commercial electricity contracts, customers are only allowed to switch once they are within a period known as a renewal window – which is typically the last six months of a business electricity contract. During this time you are also likely to receive terms of renewal from your current supplier, however these terms are often not as competitive as other rates that may be on offer, so it’s still good practice to run a business electricity comparison to be sure.

Comparing business electricity tariffs is a simple process, which has been outlined in five simple steps below: Step 1: Approach suppliers for business electricity quotes. Step 2: Choose which business electricity tariff will best suits your needs. Step 3: Apply for the new business electricity contract with the new supplier. Step 4: Inform your previous supply of the switch. Step 5: Wait for your new business electricity supply to take effect.

The process of switching is fairly straightforward, and once you have informed all parties of the switch, the rest is handled by the suppliers themselves, so you shouldn’t experience any break in your supply. However, many busy business owners often use the services of a business electricity broker to help source a wide variety of quotes within minutes. From one simple phone call to uswitchforbusiness.

com our team will have all the information they need to find you a variety of business electricity quotes on your behalf. Following this they can advise you on which tariff best suits the needs of your business, and even assist in the switching process by providing all of the info and documents you need. To find out more about how we can help make the switching process even easier for your business, call us today on 0800 188 4930.

Business electricity quotes – what’s right for your business? One mistake that many business owners make when running their own comparison is to prioritise the cheapest business electricity quote above all others. While getting a cheaper deal maybe your primary motivation when running a business electricity comparison, the truth is that suppliers can have much more to offer. Neglecting to take this into account when running a comparison may leave you on a cheaper tariff, but the supplier may not be the best fit for your business.

To make sure you’re on the best deal with the best supplier for you, visit our business energy suppliers page to see the benefits that you can expect from each supplier to help you make a more informed switching decision. To get started with your business electricity switch, call us today on 0800 188 4930 and start saving.As a business owner, it’s important to make sure that you don’t fall into the trap of paying too much for your business electricity.

With the help of a broker, not only can they get you a better deal, but they can also help you find the right supplier for you.

Hazel Gordon

Saving cash may be the main concern for anyone or retail business, and the easiest method to accomplish this is to find marketing at low cost.