Compare Business Gas & Electricity Prices

Business electricity Prices

When it comes to making savings in the current climate every penny counts, all you need to do is fill in the quote form above and we do all the work for you, from searching the whole UK market to arranging the transfer to a new business energy supplier who meets your requirements. You can save up to 40% on your business electricity prices by simply switching to a new energy supplier. Unfortunately business energy suppliers don’t give their existing customer the most competitive business electricity prices those prices seem to be available only for new customers.

Business electricity Rates

The rates you are being charged for your business electricity could be the difference between a healthy bottom line or your competitor taking your customers, due to the fact that his business electricity rates are a lot cheaper than yours, there for he can charge his customers less. We search the market and find the cheapest business electricity rates for you so you can concentrate on what you do best, running your business. Business electricity rates differ depending what type of meter you have, most businesses are open between 8am and 6pm, so it would be pointless having a two rate meter as a two rate meter has a day rate and a night rate and the night rate I usually cheaper hence your day rate is dearer so if you close at 5.30pm you would not benefit from a two rate meter in fact you would pay more. Most business owner don’t realise this.

Business Electricity Tariffs

When you receive a renewal offer from your current energy supplier always check the new business electricity tariffs being offered, you will find they have been increased by as much as 50%. This is where we come in, what we do is find business electricity tariffs that are the most competitive on the market if you are happy with the energy tariffs we have obtained we will then secure those electricity tariffs and do all the paper work for you. We will also contact you when your contract is about to finish and remind you to cancel your contract in time as you will know if you forget to cancel your contract the supplier will roll you over onto higher tariffs. Business electricity tariffs made simple.

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 suppliers 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‚¬Ëœtermination 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.