Who are business electricity prices?

Business electricity prices is the only impartial online electricity and gas price comparison service run by business energy experts for business energy customers, You, the customer, can view clearly the cheapest business electricity prices on the site, total impartiality, you will find the most competitive energy offers from the UK’s leading suppliers on the Business electricity prices website, simply compare our prices with your renewal quotation from your supplier, in some cases prices may be cheaper than displayed on the site.

Why use BusinessElectricityPrices.com?

We are the leading independent online business Electricity and Gas price comparison service that allows you, the customer, the chance of viewing and comparing some of the best prices on the UK market. You tell us what your contract preferences are and we do the rest. If you can also provide Business electricity prices with the renewal price being quoted by your current supplier, we will present a summary, displaying the percentage saving against your renewal offer. You do not need to shop around to compare your renewal offer from your current energy supplier because we do that for you. Business electricity prices will present all the information you need to make the switch in confidence.

The Businesselectricityprices.com service offer is built on honesty and integrity. Industry expert advice is a free phone call away at any time if you require further assistance or just need to ask us a quick question. We all ways strive to provide the best advice and save your company as much money as possible.  Business electricity prices customer management team will be available at any time during the contract period to answer any questions or speak to your supplier about any queries you might have.

Why switch supplier?

The sad reality is business electricity suppliers are unlikely to offer all existing customers the same benefits as new customers. Inactive customers are at risk of becoming a target for price discrimination by the suppliers. Some examples of unfair treatment to existing customers are as follows renewal prices are on average 30% higher than the prices offered to new Business electricity customers by the same supplier. For a competitive market to function properly, customers can identify which product is best for them and switch if they want to get a better deal. This in turn encourages business electricity suppliers to compete vigorously to retain customers and attract new ones. It ensures that suppliers cut costs and innovate in order to offer products to meet customer’s needs at low prices.

If you do not switch supplier, those who do switch improve competition in the market, most important of all is that your business will always be paying less for its business electricity, in turn your bottom line will be healthier.

Things to do before you can make the switch?

Make sure that you leave yourself sufficient time to collect the key information before making your choice, as follows:

• Verify the termination conditions of the contract you have with your current business electricity supplier.
• Gather some key information regarding your premises such as the supply number for Electricity Supply ‘S’number (also referred to as Meter Point Administration Number or MPAN for short) and Meter Point
• Reference Number (MPRN for short) for gas together with your company name and address. All of this will be available from your current invoices.
• Obtain and compare a number of offers from a range of suppliers. Remember to compare all details of the offers – a low price may not look so attractive when paired with difficult cancellation or termination conditions or other contractual obligations.

How do I obtain a Business energy quote?

Before obtaining a quote, make sure you have as much of the following information as possible for all the premises you wish to receive a quote for:

• Full address and post code for each commercial premise you own or rent.
• The reference number for the all meter point(s) as shown on a bill(s) from your current business electricity supplier (i.e. Meter Point Reference Number (MPRN) for gas and Meter Point Administration Number (MPAN) or also known as the Supply or ‘S’ number for electricity). You may have more than one meter point for either fuel at your premises; you can check this with your existing supplier if you are unsure, if you don’t want to be kept on hold listening to music call our helpline 0845 226 0046  and we will get this information for you
• Meter Serial Number(s) – the number printed on your meter(s). If in doubt you can ask your supplier, who could offer arrange a meter reading visit (although this may incur a charge).
• Your best assessment of the annual amount of energy used, and the nature of your business/ consumption patterns since different business electricity prices may apply depending upon seasonal fluctuations or the time day at which you need to use energy. All of the following will be available from your latest bill, or from your current supplier.
• For businesses which consume a significant amount of electricity, the maximum demand (the largest amount of electricity consumption in any one half-hour period)
• Where gas consumption is high the Authorised Supply Capacity (the maximum quantity of gas you are permitted to use per day or per hour, as determined by the gas transporter)
• For very high gas consumption, some premises may be supplied on an interruptible basis (where your gas supply can be interrupted on pre-agreed notice). If you have such a site, it is very important that you provide your new gas supplier with emergency contact details for these premises, in accordance with the Gas Safety Management Regulations.
• Emergency contact details will also be required for sites consuming over 25k therms. Your new supplier will be able to give you more information about what contact details must be provided.
• Details of the arrangements in place for meters and meter reading. Usually the supplier will arrange these services for the customer. However, some customers arrange these services themselves, and it is important that you notify suppliers if this is the case for any of your premises. One of the key pieces of meter information is where it is located within the property.
• If you qualify for any VAT or Climate Change Levy exemptions or reductions – you will have to provide copies of these forms to your new supplier, and in some cases complete a new VAT declaration.
• A copy of your last bill, this can be extremely helpful.
• There is a facility for gas customers to monitor much of the above data for most of their sites. For more information, visit www.xoserve.com and click on "Industrial and Commercial Consumer Access to Data". It is anticipated that future industry developments will provide an equivalent or similar service for all non-domestic electricity customers.

The easiest way to get a quote is to fill in our simple quote form above and let business electricity prices do the hard work for you, or call 0845 226 0046

What a supplier will need to provide you with an accurate quote

These days a switching energy supplier is a simple process if you know how to negotiate and have all the information ready. Basic information you should have to hand to be able to obtain a quote.

• The amount of energy you use on an annual basis
• The terms of the contract you have with your existing supplier such termination notices and contract end dates (and metering service provider, referred to as the meter operator, if applicable)
• Details of the premises you own/occupy, including the supply number/s and any special metering arrangements you have, such as associated meters.
• Your current business electricity supplier should be able to help you with this information if you do not have it. Generally, any queries you may have about the process should be raised with the company facilitating the switch.

How long will it take to switch supplier?

Switching supplier should take about four to six weeks. Business electricity prices will advise you of the expected timescale's and key elements of the process.

Your new and current supplier will be liaising important site and metering information between each other, and their metering service providers. If data mismatches occur, this can prevent a successful transfer or lead to delays. Business electricity prices may contact you during this period to clarify details and ensure a smooth transfer. In order to help ensure the process runs smoothly, it is recommended that you do not change meters leading up to a transfer, as this increases the risk of a delay or complications.

What is a renewal offer?

Your existing supplier will write to you at some stage prior to the end of your supply contract quoting a renewal price. This is something that you must not ignore as the business electricity prices will most of the time be much higher than a price another supplier might offer you as a new customer. This discriminatory tactic is employed by your current supplier in the hope that you will not take any notice of the offer and they can lock you in for a further contract period on very high prices.

What should you do when you receive your Renewal Offer?

When you receive your renewal offer you should compare your business electricity prices with other supplier’s prices on the market. This might appear to be a lot of work, but experience has proved that significant sums of money can be saved if you research the market and obtain competitive offers for your businesses energy.

What you should do if your renewal notice does not arrive?

You should contact your current supplier and ask them for your renewal offer. You should receive your renewal from your current supplier 3 months before the end of your current contract period. We advise that you make a note in your dairy of when you should be receiving your renewal offer as this will prevent any confusion.

What is a supply contract?

A supply contract is a binding contract for a specific duration of time between the energy supplier and the customer. There will be obligations for both parties, however the contract will be slanted in the suppliers favour and this needs to be fully appreciated and understood by the customer before they accept the suppliers business electricity prices.

Please note that there is no cooling off period for business customers if you enter into a contract with a supplier. It is therefore very important that you consider all of your options to make the most informed decision before entering into a contract.

Types of contract?

You will need to ask your existing supplier if you are unsure of what type of contract you are currently on. Generally there have been three types of contract the most common contract is the “fixed price contract” that have been offered to the small to medium sized enterprises in the UK. All of the contracts will have different clauses and must be fully understood by you the customer before you make any future decisions on your Business electricity needs.

Always read the terms and condition before accepting any business electricity or business gas contract and always stipulate at the beginning of the negotiation what type of contract you require. Rising energy costs are at the moment prompting many customers into choosing fixed price contracts so that they are confident that they are protected from any future rises.

Do I have to have an energy contract?

Yes, all business electricity customers have to have a supply contract in place with an energy supply company in order to remain connected to the system and receive a supply of gas and electricity.

Contract termination notice?

This can be anywhere between 28 days and 3 months. Please be aware that it is up to you to remember when your termination notice should be served and NOT up to the supplier to remind you when you should terminate, Contract termination will need to be served within the required notice before the end of the contract duration, referred to as the contract expiry or renewal date. You as the client need to proactively terminate your contract to avoid being rolled over onto business electricity prices detailed in the renewal notice sent by the supplier. Suppliers do not have to send a renewal notice before they roll you over onto what are usually much higher rates for another 12 to 24 months - so you need to act NOW!.

If you require any further information or advice terminating your current contract please do not hesitate to contact Business electricity prices on 0845 226 0046 (local rate).

What is the contract period end date?

Contract period end date is the date that your current contract period expires. If you are on a fixed price, fixed term contract, the prices detailed in your contract will no longer be available. If you do not sign a new contract with a supplier, you will be placed on what is called a deemed acceptance contract by your current supplier.

What is a deemed accepted contract?

This is the last resort contract procedure if you have previously been on a fixed term contract, and a supplier should give you plenty of notice and remind you that it would be in your best interest to sign a longer-term fixed price contract. Please note that a contract termination notice of up to 3 months can still apply on a deemed contract. The prices on a deemed accepted contract are considerably higher than contracts of a longer term give that your suppliers buying or trading position will be subjected to short term pricing which is more costly. This contract does not require a signature from you to form the acceptance.

What is an ever green contract?

An 'evergreen' or 'roll over' contract will automatically renew if you do not serve the correct termination notice within the time stipulated by your current energy supplier. Your current business electricity supplier will notify you of the tariffs you are being placed on for the new contract duration, which can be considerably above the market retail price, and the contract termination requirement shortly before contract roll over. However, it firmly rests on your shoulders to serve contract termination notice and allow yourself the comfort of searching the market, get competitive offers and make the right decision in your own time.

What is the wholesale market?

Business electricity suppliers buy the energy they need to supply business electricity and gas on the wholesale market. As with any other wholesale market, prices will vary, and from time to time the supplier will adjust its customers’ prices to take account of this. At the moment, the general trend in energy prices is upwards. But this may change in the future.

What is the energy retail price?

This is the price that you pay for your business electricity and gas. This includes cost of the energy purchased on the wholesale market. As well as the costs related with getting the energy to your property.

Meter readings?

The business energy supplier should arrange for a data collector to come to your premises and read the meter, it would be beneficial if you could also arrange for the meters to be read approximately every three months if possible. This reading frequency will improve the accuracy of your bills. Keep a copy of all the reads, and the dates the meter was read for your own records and to compare with the suppliers bill.

What Payment option should I use?

You will need to check before you accept the contract what payment options are offered. Usually paying by direct debit, results in getting the best business electricity prices and business gas prices.

Do business energy suppliers ask for security deposits?

More and more business electricity suppliers are asking for security deposits in cases where there is no history of you having a business electricity supply in the past. In the event that you are asked for a security bond, check whether the supplier will accept credit references rather than needing cash. If it has to take a security deposit, make sure you know when you can get it back. Many suppliers will let you have the deposit back once you establish a record of being a good payer (for instance, twelve months of paying bills on time). Check whether the supplier is going to pay interest on any deposit it holds, and how much. When you are entitled to get a security deposit back

What happens if I want to cancel my contract during my contract period?

In most cases you will have to pay your annual estimated usage, although you can try and negotiate some form of reduction, if the supplier is not doing what it promised (for instance if bills are late or inaccurate)? Contracts will often deal with this under the heading ‘termination or cancellation’. The more rights you have, the better. Make sure you are aware of them and use them when you want to. In most cases, suppliers’ rights to get out of a contract will be greater than yours. If you have some power to negotiate terms, try to make sure that these rights are also available to you. It will help you to make sure you get a better service if the supplier thinks that you can go somewhere else if they are not performing.

Who is Ofgem?

OFGEM is the regulator for the gas and electricity industries. Since 1999, OFGEM has taken steps to open up the energy markets and ensure fair competition between suppliers. Energywatch is the independent watchdog for gas and electricity customers in the UK. Financed by the Department of Trade & Industry, Energywatch offers information, support and advice for consumers in dealing with gas & electricity suppliers.

What is CCL charge?

The Climate Change Levy (CCL for short) came into force in April 2001 and is a government-imposed taxation, which all energy suppliers have the responsibility of collecting from their customers. The money collected will go towards the government meeting their targets on energy efficiency and renewable resources.

Business electricity prices is here to help you in any situation regarding your business electricity prices.

Compare Business Electricity Prices

To compare business electricity prices you only need to fill out our simple quick and easy form, we will then search the whole UK market and find you the cheapest business electricity prices.

We are the only comparison site in the UK that displays their cheapest business electricity prices in full view for all to see, we don’t make outrageous claims, businesselectricityprices.com is unique in the fact that we have special arrangements with suppliers where we can offer you better deals than going direct. “The proof is in the pudding” as they say so give us the opportunity to make your business some great savings.

Business Electricity Prices

Businesselectricityprices.com have been comparing electricity suppliers for many years and are experienced in securing competitive business energy rates for its clients. Business electricity prices are not the big problem, but it’s the not knowing what the electricity price will be in the future that makes financial planning so difficult. Business Electricity prices is an expert at negotiating contracts from one to five years, enabling financial controllers to know accurately what the business electricity prices will be in the near and medium future. While the energy companies are still coming to terms with the business downturn, now is the time to fix the business electricity price with the help of Businesselectricityprices.com. Companies that know what their business electricity price will be in a year’s time have an advantage over their competitors. Companies that know what their business energy price will be in four years time can really plan for the future.

Business Electric Prices

Reducing your business Electric prices and fixing business Electric prices just makes good sense. There is no doubt that the electric suppliers have fought very hard to keep prices especially business Electric prices as high as possible. High oil and gas prices were the reason for the huge hikes in business Electric prices. But, now the world has moved on and oil prices have plummeted. Finally, in a world full of turmoil, it is possible for companies to predict what their business Electric prices will be in two years time, but only if they negotiate a good deal with one of the UK electricity companies.

Businessectricityprices.com has an in depth understanding of the electricity and gas industry and negotiates business Electric and Gas prices for its clients having compared the prices on offer with the various electricity suppliers. Thanks to the recession, electricity providers are actually having to compete for business which is good news for companies wanting to reduce their business Electricity prices or at least to know for sure what their business Electric prices will be in one, two, or even five years time. For too long, British Energy providers have had to pay high business Electric prices and although there is no guarantee that prices will go down, 95% of the companies that employ businesselectricityprices.com experience lower business Electric prices and greater certainty. One of the hardest jobs for financial controllers is predicting profit and loss in future years, but with the help of Business Electricity prices at least business Electric prices are fixed and will not, therefore, spring any unpleasant surprises in the future.

Commercial Electricity Prices

Commercial electricity prices are affected by high oil and gas but for some reason commercial electricity prices seem immune from price cut even when the price of oil comes down. This is explained by the energy suppliers in various ways but the bottom line is that the business gas and electricity suppliers have been slow in reducing commercial electricity prices ironically, the rapid downturn in the economy has hit commercial electricity prices and there is a window opening that will enable companies to get good deals. The lower demand means that commercial electricity prices have to come down if the electricity suppliers are to compete. Much as the electricity companies work in concert they are not a cartel and good negotiators can negotiate very good commercial energy prices for their clients. BusinessElectricityprices.com is one of the most experienced companies in this field and 90% of the time will get a cheapest deal from a new supplier. Businesslectricityprices.com will unearth the cheapest deal and be able to nail the price in a fixed term, fixed price contract.