How to Compare Business Energy

Ultimate Guide to Business Energy

If you’re paying too much for your business energy, it might be time to switch your supplier. You can make sure you get the best business energy prices by looking at what’s available from a range of suppliers.

But before you start comparing quotes, it makes sense to find out a little bit more about how business energy differs from domestic energy, and take a closer look at the types of contract on offer.

What is the difference between business energy and domestic?

If you’ve switched your household energy recently, you will wonder why there is not a process as simple as a price comparison where you can enter your own details and information about the business and switch by yourself , you will soon find that to compare business energy and switch isn’t quite as simple – here are the main differences between commercial energy and domestic energy:

  • Business rates can often be cheaper than those for domestic use – Domestic energy suppliers buy and sell gas and electricity on a monthly basis, Business energy can often be bought in mass quantities well in advance. Each Supplier buys enough energy so as to last you the duration of your contract, and while this could mean you can get a better price, it also makes it more challenging, or expensive, to terminate your business energy Contract early.

  • Business energy contracts are mostly long-term 3-5 year Contracts – Fixed and variable rates are available for business electricity and business gas, all business energy contracts are taken out for a set duration, which can be anything up to 5 years. When your energy deal is coming to an end, you won’t be able to shop around for a new deal until the renewal window starts, Typically, t 1-6 months before it expires.

  • There is no cooling-off period  – Residential Switching takes less that 18 days to complete, mostly because of the 14 day cooling-off period, Giving the opportunity to cancel without repercussion. Commercial energy deals are not typically subject to the same get-out clause provisions as domestic contracts, so Try to really feel like you’re comfortable and completely at ease with the decision by comparing your options before making any formal commitments.

  • Business energy deals are single-fuel only – As I am sure you know, a lot of the time, people take out a dual fuel deals with their energy provider – so they can get gas as well as electricity from the same supplier with a discount at home. This can save you a lot on your domestic energy bills, but for some reason, there’s no such option with business energy, Since the rates for gas are not combined, you will need to run quotes for each separately.

  • There are no generic off-the-shelf solutions – When switching energy suppliers for your domestic account, you can compare a range of tariffs to find the cheapest one on offer, However, commercial energy contracts work differently. We work with each customer individually to determine their needs and then provide a quote based on this information. You get peace of mind when you find the right deal, it can also be difficult to compare quotes from different suppliers. But the benefits of working with BE4U are that you only have to make one phone call, one Email, contact form, and we will get straight to work finding the very best Business Energy Comparisons on the market.

What are the Main Types of Business Energy Contract available?

Commercial gas and electricity providers offer a range of different contract types, and it’s important to make sure that you’re on the right one, to figure out if you are overpaying for your business energy.

There are five main types of business energy contracts you can choose from:

  • Fixed rate – Charges a set price per unit for the contract duration. This does not fix your total cost each month as it will vary depending on your usage.

  • Variable Rates are often linked to market activity – meaning that they can change throughout the duration of your contract.

  • Deemed (Out of Contract) rate – If you move into new business premises and don’t agree a contract, you’ll likely be on a deemed contract. You may also be on a deemed or out-of-contract rate if your current agreement ends but the energy continues to be used. This would happen if the original contract does not state what will happen at the end of a contract or does not provide automatic renewal.

    The best way to avoid expensive out-of-contact tariffs is to get them agreed as soon as you take up a premise or near the end date. This can save you a lot of money in the long run.

  • Rollover – A contract that’s in place when you don’t have anything else arranged before the end of your current one. The terms are usually among the supplier’s most expensive ones.

Give our Energy Experts a call now on 08008611808, or request a call back today from our contact form.

The amount of power your company consumes is important to consider.

Each business has different needs when it comes to energy, but to help you with an overview, here is a breakdown of the average rates for electricity and gas consumption for micro businesses, small businesses and medium-sized businesses.

 

Electricity use in the average business

Business size Low end usage (kWh) High end usage (kWh)
Micro business 5,000 15,000
Small business 15,000 25,000
Medium business 25,000 50,000

An average cost of electricity tariffs in kWh

Business size Average annual usage (kWh) Average price (per kWh) Standing charge (daily) Average annual price
Micro business 5,000 – 15,000 14.4p – 15.9p 23p – 29p £900 – £2,244
Small business 15,000 – 25,000 14.3p – 15.1p 23p – 28p £2,367 – £3,660
Medium business 25,000 – 50,000 14.3p – 14.7p 23p – 27p £3,774 – £7,234

Gas use in the average business

Business size Low end usage (kWh) High end usage (kWh)
Micro business 5,000 15,000
Small business 15,000 30,000
Medium business 30,000 50,000

An average cost of Gas tariffs in kWh

Business size Average annual usage (kWh) Average price (per kWh) Standing charge (daily) Average annual price
Micro business 5,000 – 15,000 5p – 5.1p 19p – 25p £400 – £820
Small business 15,000 – 30,000 4.5p – 5p 19p – 25p £820 – £1458
Medium business 30,000 – 65,000 4.3p – 4.5p 24p – 25p £1458 – £2239

How to compare quotes and switch to a better deal

Compare leading energy deals with BE4U and you’ll get the best rate, hassle-free – Rather than you wasting time ringing around each and every energy supplier, make a phone call to our energy experts and we’ll get your particular needs & Tariffs available right away.

We can advise you on the best Business Energy Tariffs for your business once we know a little more about your energy needs, we can search over 30 Energy Suppliers to find a Tariff that’s right for your business. To provide you with accurate quotes, please answer the following questions below:

  • Your current Gas or Energy Supplier
  • Your Current Tariffs and the contact end date

  • Your type of supply

  • Your Historic Consumption for both gas and electricity

Then, we will offer you a number of Tariffs, from our 30+ Energy Suppliers, It’s easy to find a deal that works for your business. Once you have made up your mind, we can process the paperwork for new contracts with your suppliers.

The Business Energy switch should take around six weeks but in some cases can be much quicker when on OOC or DEEMED RATES – Your new supplier will do their best to work things out with your current supplier and also inform you of the date on which they will switch over – There should be no loss of power or any disruption to your electricity supply, right up to completion. When you switch your gas & electricity , No digging up roads or drilling new cables etc will happen at your place of work.

You need to take one final meter reading once you have completed your switch to calculate your final bill, resolve any outstanding debts, and save money on your tariffs with your new supplier.

Want to save some money on your Energy expenses? One way for your business to save money on energy bills is by turning off and unplugging appliances that are not in use or are used rarely. For example, it may be possible to turn the Printers off if they are not used constantly, Consider asking your new supplier about an energy audit – You can always cut down on energy consumption in the workplace with a quick phone call or site visit. It takes only a few minutes of your time and will save your company thousands of dollars.

We’ve got a team of experts here waiting to take your call: call us now on 0800 861 1808 to see how much you could save

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