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Electricity costs will be a large expense for most businesses. It’s a good idea to understand what options are available and compare the best business electricity tariffs.
Utility Saving Expert can also help you compare business gas. It’s quick and simple to get a no obligation quote within minutes.
We will cover frequently asked business electricity questions such as:
Here’s the latest business electricity prices from a number of suppliers we compare. You can sort by price per kWH as well as the daily standing charge, use our free online comparison tool to get a no obligation quote today.
*Please note the above tariff prices were accurate at the time of publication (last updated: 11/01/2019). These are based on non-half hourly contracts, at a deemed rates unless these were not available, if inapplicable an out of contract rate was recorded. We have displayed the unit price (price per kWh) as well as the daily standing charge. In the event of a regional tariff difference, the London price will be the default.
Our team will attempt to ensure pricing information is regularly updated, however we do not take responsibility if pricing is displayed incorrectly. Supply contracts and tariff prices are the sole right of each energy provider, these are and will be subject to change at any given moment. If you’re an energy customer or supplier and you believe that pricing is no longer accurate, please contact us immediately.
Average costs of commercial electricity bills increased by roughly 3.5% between 2016 and 2017. Electricity tariff rates fluctuate on a regular basis, by comparing a range of business electricity suppliers and tariffs, you could be saving a lot of money.
Did you know? Since June 2017, business energy suppliers are unable to lock a business into an automatic rollover contract. Suppliers are unable to apply an exit fee. This makes the process of switching suppliers a lot easier.
However, many business owners and managers won’t switch just because of the price. You may decide to switch for a variety of reasons such as a higher level of customer service, or a tariff that better meets your day-to-day requirements.
It’s quick and simple to compare and switch business energy suppliers with Utility Saving Expert.
The best way to find out how much your business could save on electricity is to use Utility Saving Expert’s online comparison engine. It’s quick and simple to get a no obligation quote within minutes.
The amount your company can expect to save on business electricity will depend on a number of factors, these include the premises size, number of employees, and energy consumption etc.
Similar to how you would switch your domestic tariff, your new business electricity supplier will manage the switch from start to completion. This means that you will only need to provide them with the necessary details and they will be able to manage the whole process for you. Ofgem guidelines state that you should be transferred to your new provider within 21 working days.
However, you may not be allowed to switch suppliers if you’re currently in a contract or in debt with your current business electricity supplier.
Before you proceed with your new supplier, ensure that you’re happy with all the terms and conditions as you will not be given a 14-day cooling off period when switching.
If your business is classed as a ‘microbusiness’, different rules will apply to you. You may be classed as a micro business if you:
If your business does meet the above criteria to be classed as a microbusiness, your supplier will be able to provide you with additional support when switching. They must include the contract end-date as well as the notice period on all your electric bills. They must also inform you about how much electricity your business consumes each year, in addition to how your current tariff compares with any others that they offer.
Your current business electricity supply will continue as normal, your new provider uses the same technology and power lines for delivery.
Most commercial electricity suppliers will offer you both fixed rate and flexible rate tariffs. Fixed rate tariffs are generally more popular as you won’t have to worry about fluctuating energy prices. However, you won’t save any money if wholesale market prices decrease.
Flexible rate tariffs correspond with the wholesale market price. You may be able to save money if the unit price decreases, however, you could end up paying more than a fixed rate tariff if unit prices increase. Look out for a supplier that allows you to switch with just 30 days’ notice through a flexible tariff. This may give you better control over your finances.
Unfortunately, dual fuel tariffs are not available for business customers.
A deemed contract is where you’re using power in the event that you haven’t agreed to terms with the supplier. This may occur if you’ve recently relocated to a new premises or your contract has lapsed and you haven’t negotiated a new deal.
Energy industry regulator Ofgem identified that deemed contracts cost around 80% more in comparison to a standard fixed rate or variable contract. If you find that you are currently on a deemed contract, you could be saving a tremendous amount by comparing business electricity.
If you’re looking to switch your business electricity supplier, you’ll need the following details:
You can still search and compare business electricity suppliers without the details above, but it’s easier to get more accurate results if you have the information ready. You can find details of the above on your most recent electric bill, you can also contact your current supplier and ask them. If you’re still unsure, call us today and speak to one of our energy experts.
Simply use our online comparison tool and enter a few details about your business including how much electricity you use.
The search results will show you a list of what electricity deals are available based on the information you have entered. We’ll display the annual and monthly costs for 1 to 5-year contracts as an estimation. You’ll also be given some important information regarding each business electricity supplier to help you choose.
The feed-in tariff (FIT) initiative allows businesses that produce their own electricity to be eligible for a money back guarantee. You can also receive payments by selling any excess electricity to the National Grid.
The amount you receive will depend on how many solar panels you currently have in addition to your supplier being registered as a FIT licensee for you to receive payments. Check out the full list of licensees on Ofgem’s website.
A smart meter will allow you to easily see how much electricity you’re currently using as well as how much it will cost you.
Smart meter technology is being implemented all over the UK. The government hopes that most homes and businesses will have one installed by 2020.
Green business electricity is also referred to as renewable energy. It can be sourced naturally from geothermal heat, plants, rain, sunlight, and wind. If you choose an electricity supplier that sources a large amount of its energy from a renewable source, this can be a great way for your business to have a positive impact on your surrounding environment.
Our comparison tool will show you which business electricity suppliers offer renewable energy options.
Some energy companies, such as Bulb, Ecotricity, and nPower now offer plans that only include electricity from renewable sources. While these plans are much better for the environment, they may cost more than plans offered by other companies.
You should now have all the necessary information you need to compare business electricity. See how much your business could save today by completing the form at the top of the page.
The *£1,000 Energy Renewal Price Guarantee incentive is operated and administered by LOVE ENERGY SAVING.COM LIMITED and is subject to terms and conditions which are available upon request.
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