Compare Business Electricity Prices | Rates | Supplier | Saving Tips

Compare Business Electricity Prices | Rates | Supplier | Saving Tips

It all comes from the same source and is supplied through the same network of cables, but business electricity isn’t the same as domestic electricity.

No matter how big your premises, or how much electricity it uses, your commercial energy contract will be set up differently from your domestic one, meaning you’ll pay a different rate for your business electricity and gas.

If you run a larger company, you might even be charged a half-hourly rate for electricity, or have multiple meters installed for more accurate energy readings. And, unlike domestic supply, business tariffs don’t come with dual fuel options.

But there is at least one thing both domestic and business energy have in common – if you’ve not switched suppliers recently, your bills will be higher than they should be.

In which case, it’s time to bag your business a better deal.

Why Switch Business Electricity Suppliers?

Every business has different energy demands, and all commercial contracts are designed to meet the specific needs of each individual venture. But no matter the size of your company, if you’ve been placed on a higher rate tariff – perhaps because you’ve let an old deal lapse – you could find your electricity bills add a considerable amount to your overheads.

Switching to the cheapest business electricity tariff is a quick and easy way to cut costs and one that won’t have any effect on the day-to-day running of your business, or compromise the quality of your service.

Switching to a new deal also means you can choose whether you pay a fixed or flexible rate for your energy. Most businesses choose a fixed rate, as this protects against price hikes and makes it easier to budget from month to month.

Opt for a flexible tariff and you might benefit if wholesale electricity prices drop and your supplier passes on these savings – neither of which can be guaranteed. The major plus point with flexible tariffs is that some allow you to switch suppliers with just 30 days’ notice, whereas if you’re on a fixed tariff, you may have to give up to six months’ notice.

What If You Run Your Business From Home?

If you work from home, you won’t be able to take on a business electricity tariff unless more than 50% of your energy use is for your business. This threshold can vary, between suppliers though, so it’s worth checking to see if your business is eligible, and could save with a commercial tariff.

If a business tariff doesn’t suit, then make sure you’re on the best domestic energy deal.

What Happens When You Switch Business Electricity?

Once you’ve agreed to make the switch, we’ll pass on your details to your new supplier, who will then arrange the changeover with your current supplier. The power will be supplied through the existing cables, so there’ll be no need for any more installation work at your workplace.

The only thing you’ll have to do is take a meter reading on the day the switch takes place, and make sure any outstanding bills have been paid – if you owe your current supplier money, they might block the switch until these debts are settled.

It’s also worth noting that a credit check will be carried out on your business, the results of which can affect the rates you’re offered and even the suppliers who will offer you a contract.

How To Switch Business Electricity Suppliers?

Switching to a better electricity deal couldn’t be easier. A quick call with one of our energy experts is all it takes for us to find out a bit more about your business and its energy use. With his information to hand, we can then compare the tariffs on offer and handle the whole switch, so you don’t have to.

Call our business energy experts for free now on 0800 088 6986 and we’ll give you a callback.

The more information you can give us, the more accurate our quotes will be, so take a look at your latest bill and make a note of the following:

  • The name of your current electricity supplier
  • The name of your tariff, and its end date
  • Your supply type
  • How much electricity your business uses

We will then search the entire market to find the best deals currently on offer, enabling you to make an informed decision on your next tariff. Once you let us know your preferred supplier, we’ll set up your new contract so you can start saving as soon as possible.

How To Get The Best Deal For Your Business?

It’s easy to assume that the cheapest electricity tariff is the best deal for your business, and while getting a cheaper deal will no doubt be your top priority – it’s all about the bottom line in business, after all – the truth is that suppliers can have much more to offer.

Opting for the cheapest tariff should mean you’ll be paying less for your electricity, but if the supplier you choose isn’t the best fit for your business, you could run into problems further down the line, which could lead to a disruption in your supply, or even see you paying more than you budgeted for.

To make sure you’re on the best deal with the best supplier for you, check out 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.

Why Switch Business Electricity Suppliers With?

Our energy experts make it easy for you to switch to the best business electricity deal by comparing all the available tariffs to find one that’s right for the needs and budget of your business. No matter how much electricity you use during working hours, we can help to lower your bills.

And because our switching service is completely free and impartial, it won’t cost you a penny to compare the entire energy market, including the big six and all small electricity suppliers, and find a deal that’s right for your business.

How Much Should You Pay For Business Electricity?

If you’re unsure how much electricity a business the size of yours should be using, or how much its business electricity rates should be, the tables below will give you a good idea.

Average business electricity use

Business sizeLow-end usage (kWh)High-end usage (kWh)
Micro business5,00015,000
Small business15,00025,000
Medium business25,00050,000

Average business electricity rates per kWh

Business sizeAverage annual usage (kWh)Average price (per kWh)Standing charge (daily)Average annual price
Micro business5,000 – 15,00014.4p – 15.9p23p – 29p£900 – £2,244
Small business15,000 – 25,00014.3p – 15.1p23p – 28p£2,367 – £3,660
Medium business25,000 – 50,00014.3p – 14.7p23p – 27p£3,774 – £7,234

How Much Money Could Switching Save Your Business?

The amount you can save all depends upon the size of your company, the size of its premises, the number of employees, and its overall energy efficiency.

Call our energy experts now on 0800 088 6986

What Business Electricity Tariffs Are Available?

Business electricity tariffs are designed to fit the needs and budget of each individual business, meaning suppliers only offer bespoke business electricity quotes based on an assessment of your business and its energy consumption.

This is because no two businesses – regardless of how similar they are – will have identical needs, and so no two business electricity contracts are exactly the same.

And this means that the only way to ensure you’re on the best deal is to run quotes with each and every supplier, which can be both time-consuming and confusing, particularly if you’ve little or no guidance on what a good deal looks like.

But, the good news is, the team at Uswitch for Business are experts in business electricity price comparison, and a quick call is all it takes for us to run quotes on your behalf and offer advice on the best rates for your business.

It never harms to do a little background research though, so to help you understand how your tariff stacks up against the rest of the market, here are the most common contracts offered to small and medium-sized businesses:

  • Fixed-rate tariffA fixed-rate business electricity tariff allows you to pre-agree unit rates with your supplier and pay these rates throughout the duration of their contract. These rates are usually competitive, but you should always run a business electricity comparison before agreeing to any deal, to make sure you can’t get better rates elsewhere.
  • Deemed rate tariff – Deemed rate tariffs work on 28-day rolling terms that come into effect if you fail to formally agree to a new contract with your supplier before your current deal ends. Deemed rate contracts charge inflated rates, but you can switch from these more costly tariffs by giving just 28-days’ notice.
  • Rolling Contract – A rolling contract ties you 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 to lower rates by signing up to a new long-term contract, but these new rates will still not be as competitive as others you could find elsewhere on the market. Rolling contracts aren’t as common as they used to be, as most suppliers now offer deemed rates instead, which is a much fairer price plan.

No matter what type of tariff that you’re on though, there’s always a chance you can save money by switching suppliers. But instead of burdening yourself with the hassle of ringing around suppliers, let us find a cheaper business electricity quote and switch you to a better deal

How Are Business Energy Plans Calculated?

There are a number of factors that are taken into consideration when calculating business energy plans, these include:

  • Your location
  • The size of your premises
  • Your current energy supplier
  • Your current spend on business energy
  • Your current consumption of kWh units and current standing charges
  • Your meter type (standard, economy 7, maximum demand, or half-hourly)

When you request a business energy quote, all of these factors will be taken into consideration. Based on this information, you will be provided with a selection of energy comparisons that will give you specific information on:

  • Day unit rate (kWh)
  • Night unit rate
  • Standing charges
  • Fixed-term period (if applicable)
  • Estimated annual bill
  • Estimated monthly bill

Compare Energy Prices for Business

Tips For Saving On Your Business Energy Bills

Even when you have switched to the best business energy tariff for you, there are still steps you can take to reduce your energy costs.

Implementing some simple energy-saving tips can really affect your energy usage and bring down your business bills.

  • Switch to energy-efficient LED or CFL bulbs
  • Consider investing in light sensor switches
  • Turn off computers and laptops instead of leaving them on standby
  • Set up a temperature control to reduce heating costs
  • Invest in a business energy audit

 

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Compare Business Electricity Prices | Rates | Supplier | Saving Tips
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Compare Business Electricity Prices | Rates | Supplier | Saving Tips
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It all comes from the same source and is supplied through the same network of cables, but business electricity isn’t the same as domestic electricity. So Compare Energy Prices for Business Tips for saving on your business energy bills
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