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Business Electricity Prices - Compare Commercial Electricity Rates and Tariffs
Compare Business Electricity Prices Online
Business electricity prices seem to continue to spiral upward. You don’t have to take it. Give us the chance to save your business hundreds or thousands of pounds on your commercial electricity charge by assisting you in performing a price comparison between all of the UK energy providers. By using our service, which is completely impartial from any UK electricity and gas supplier, we can present the best business electricity comparison for your business, thereby saving your business significant money on your energy charges.
Business Electricity Rates Guidelines
Commercial energy contracts in the UK fix prices over specific lengths of time, usually one year, although arrangements up to five years are also negotiated. All but five percent of the UK commercial energy market is supplied by the six companies of Scottish Power, SSE, E.ON Energy, EDF Energy, Npower and British Gas.
Other power providers include Havenpower, Opus Energy, Gazprom, and Contract Natural Gas (CNG) Ltd. Since commercial pricing varies between energy suppliers, your best approach is to investigate all energy providers in order to achieve a quality comparison.
Here are some practices for helping you gain the best energy rates:
- Look Beyond kWh Charge – To get the right picture on savings, don’t dwell on the electricity cost per kilowatt hour (kWh). When a supplier posts tariffs with a small kWh charge, but adds a high standing charge, you lose. Instead, compare business electricity prices based upon the entire cost of your annual bill.
- Avoid Out of Contract Rates – Always sign a new contract in order to avoid moving into the category of “deemed”or “out-of-contract” rates. These charges occur when your contract expires and they are often more than double contractual rates.
- Compare for Top Rates – Commercial electricity prices are evident once you gain an effective comparison between all of UK’s energy providers. Don’t jump at the first rates you see. Compare charges between all of UK’s electricity providers.
- Stop Your Present Agreement – In order to enjoy new savings with a future contract, you must first terminate your present energy agreement, either by post or via an email, prior to the date announced in your renewal letter. This is a crucial step, so if you’re planning on a change in providers, take this step now.
- Never Agree to Automatic Extensions – Renewal letters often arrive with offers for automatic extensions from your present business electricity provider. These offers are also called rollover contracts. If you enjoy paying rates 70-100 percent higher than your current electricity rate, a rollover contract is for you. Most smart electric business consumers prefer saving money, a fact that is missed by those selecting rollover contracts, who lose annual savings as high as £1.8 billion.
- Consider Dual Fuel Bills – Always look at the price of energy companies supplying you with dual fuel, or combined tariffs for both gas and electric service. This might be the cheapest alternative from some suppliers but is rare as for commercial properties as dual fuel usually for domestic user.
- Ask for a Deal – If the cheapest business electricity price isn’t from your current supplier, but you enjoy the services from that company, ask your present company if they can beat your newly discovered price. You might get the price you suggest.
- Go with a Monthly Debit – You can receive anywhere from a two to five percent discount by agreeing to a direct debit monthly as a method for paying energy bills.
- Join Other Businesses – Companies in one area can join together and gain a larger purchasing power as one unit, whilst reducing the overall purchasing price for each member of that unit.
Ofgem List of Questions for Energy Suppliers
Tariffs in the UK number over 11,000. As a way to enable business energy consumers to achieve a better handle on their energy choices, the Office of Gas and Electricity Markets (Ofgem) created the following list of key questions to ask energy suppliers and brokers.
Here are the main questions:
- What is the supplier’s price per unit, are there additional fixed or standing charges, and are there any electrical capacity charges? Usually, kWh rates run from 7p for new customers to 24p for “deemed rates.” Standing rates to business electricity customers average 15p per day. If your business goes over a specified “capacity,” it might be charged a fee.
- Are the rates fixed or variable and if they are variable, which parts of the rate vary and how will I be informed of any changes? Since variable rates equal unpredictable costs, the best approach might be to only agree to fixed rates with a contract involving a fixed timeframe.
- What changes at the end of a contract and how do I renew or cancel a contract? The bottom-line answer is that an automatic contract renewal doesn’t always equal a better price. The worst scenario involves telling your supplier that you intend to switch, but never making the switch, when you’re given an “out-of-contract,” or higher rate.
- What is the contract’s duration, how will I be notified of the end date and what are the steps to end the contract at an earlier date? Ending a business contract early can be expensive and very difficult with some suppliers. Gas and electric providers are required to inform you when your contract is due. A quality broker, such as us, assists you upon the expected arrival of a contract’s due date.
- How can I switch energy suppliers and when can a supplier stop the change? Holding a debt with an energy supplier or a standing contract disallows a switch.
- Where do I find information about my contract and what information does the supplier need from me? Most suppliers will ask for your Meter Point Administration Number (MPAN), which is a 21-digit number to uniquely indentify your supply point.
Multi-Site and Half Hourly Metered Organisations
If you’re involved with an organisation which uses more than 100,000 kWh of electricity in one year, you are required to use half hour electricity meters. Other names for these meters are “00” meters, related to how they are numbered, “HH,” or “Smart” meters, since they automatically read electricity consumption. The automatic reading is taken every 30 minutes throughout the day, hence the reason for the half hour meter name.
You gain a better rate from business energy suppliers by using this “00” type of meter. Furthermore, by shopping around through our website, you see additional savings.
Multi-site situations require the gather information prior to requesting rates, and the appeal to the suppliers needs to be a group request, in order to account for all site locations.
Lowest Energy Price for Your Business
You view only the best business electricity prices through our service, despite any commission we receive from the energy supplier once your switch is finalised. Businesselectricityprices.com will get the lowest rates possible for your business by applying to all the UK suppliers and presenting you with the cheapest business electricity prices, we will explain all of the facts involved with that decision.
Assisting in the Switch
Our main concern is assuring that any change in suppliers is an orderly and smooth transition for you, whether it involves assisting you in steering away from high renewal fees, or helping you check your present yearly contractual standing. With several UK electrical providers rejecting switching requests, we are happy to state that our customers notice close to a perfect success in changing to new providers.
Our promise is that not only will we help your business through the procedure of switching to a different business energy provider, but we will continue to monitor your contractual agreement in order to remind you when to expect your next renewal letter from your energy supplier, thereby allowing you sufficient time to make future changes and save additional pounds for your business.
Steps Taken by Us
The first stage in determining the lowest energy price for your business is our analysis of exactly what your organisation requires in its yearly electricity supply. A vital consideration is ensuring that your choice of energy supplier can meet your business electricity demand.
We then consider an appropriate contractual length in order to determine whether a one-, two-, or three-year contract best suits your business needs to hand you the lowest possible price. Depending on how certain business energy providers specialise cheaper tariffs to large, medium or small electricity users determines how long of a contract provides your business with the best price.
Finally, other considerations are assessed to determine if additional savings are possible. Such ideas include the use of a renewable energy source, or dual fuel, along with accounting changes, such as using a direct payment plan, or enjoying online billing services.
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Business Electricity Suppliers
• Deal enhances competition in the domestic energy supply market; Npower Limited will sell Electricity Plus and Gas Plus subsidiaries to Telecom Plus by share sale for £218m• On completion, over 770,000 customer accounts will cease to be included by npower within its reported customer numbers. However, these customers will see no change in their service or contracts, and will continue to be sup
20th November 2013