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15 years of experience
15 years of experience
15 years of experience

13 Sep

Frequently Asked Questions about Business Energy Suppliers

by Simon Thompson
 
Research by the Federation of Small Businesses has revealed that 70% of businesses have experienced difficulty when it comes to comparing energy suppliers, with 43% saying they have never switched suppliers. These are incredible numbers when you think about how the cheapest business electricity prices could help you save money as a business. A lack of understanding about different energy suppliers, wanting to remain loyal to existing suppliers, and a concern about the effort and time it may involve to switch business energy suppliers are all things that stand in the way of businesses potentially making the switch to the cheapest business electricity supplier. However, switching business energy suppliers is not the long and complicated task that you might think it is, and the savings you could achieve will make any slight effort on your part well worth it. Here are some FAQ’s relating to switching business energy suppliers. #1 How do I find out who my existing supplier is? You can find out who supplies your current business gas and electricity, by looking at your most recent utility bill – the contact details of your current supplier will be printed on it. If you have just moved to new premises or you can’t find your latest bill, you can contact the Meter Point Administration service to ask for their details. #2 What is a deemed contract? If you have recently moved into new premises then a deemed contract will probably be in place for your electricity, gas, or maybe even both if you have not agreed on a contract with your current supplier. If your existing contract has come to an end but you are continuing to consumer electricity then a deemed contract probably exists. The cost of deemed contracts tends to be about 80% more expensive than a negotiated contract – so you can see why they are not good news for many businesses. #3 What is a rolling contract? A rolling contract is when your business gas or electricity supplier rolls you over into a new contract automatically – which may be the case if you fail to tell your supplier of your intention to end a contract before the end of your notice period. #4 Do I need to tell my existing business energy supplier that I am leaving them? Yes. If you decide to leave your existing energy supplier and switch to another one, then you must inform your existing supplier by either Telling them directly Asking your comparison company (D-ENERGi) to provide them with a Letter of Authority (LoA) #5 What is a Letter of Authority (LoA) A Letter of Authority is a recognised legal document that allows us to liaise with energy suppliers on your behalf, with your permission. It basically allows us to call time on your existing tariff and set you up on a cheaper and more competitive one. D-ENERGi is here to help businesses across the UK save money and make the switch. Call us today so that we can help you find the cheapest business electricity rates UK.
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6 Sep

Why Should You Compare Business Electricity Prices Per Kwh?

by Simon Thompson
 
Energy bills can be a real drain on your running costs, whatever size of business you have. Equipment, heating, and lighting are all essential items for most businesses, and it is really easy to get stuck on business gas and business electricity prices per kwh that are not right for your current needs or even sky-high. Here at D-ENERGi we understand that just as companies can vary wildly in scale and size, so can their energy requirements. When it comes to business gas and business electricity use, it is certainly not one size fits all. That is why it is so important that you compare business electricity prices per kwh to find the best rate for your individual business’s needs. What do you need to know about business energy tariffs? There are two main types of tariffs used – fixed-rate and variable. Because the size and scope of each individual business are different, so will their requirements for electricity and gas be. Choosing the correct tariff for your business will depend on how you use electricity and gas and how you want to pay for it. Certain factors need to be taken into account when selecting the right commercial energy tariff for your business, including your financial situation, where your company is located, and how much electricity and gas you use currently. #Fixed rate tariff This type of energy payment plan is suited to those businesses who are on a budget as your energy bill will be fixed at a set rate for a period of time – in some cases, this can be as long as four years. After this fixed rate tariff comes to an end, you can continue with the same supplier and switch to a different agreement, or switch to a different supplier altogether. This tariff arrangement is preferred by business owners who wish to protect themselves from price changes during the agreed period of time as prices are usually cheaper than they are on a variable rate tariff. Some energy providers also offer fixed rate tariff customers a further reduction on their bill if they agree to pay by direct debit. One thing to consider with this tariff, however, is you are locked into it for the agreed duration of time and cannot switch tariffs if prices go down, or other better deals come onto the market. #Variable tariff Variable tariffs can offer a cheaper rate at the time of the initial agreement, but you don’t get the same level of protection against energy price rises on your business gas or electric bill and so the amount you pay will fluctuate based on the energy market in general. A variable tariff represents the balance between the risk of energy prices rising in the long term and paying lower energy costs in the short term. This may be a balance that start-up or smaller companies may be more willing to accept in order to keep the cost of their immediate overheads down. Within the variable tariff there are two main types of agreement: Tracker price tariff – changes based on the wholesale market movement Blend and extend price tariff – a unit rate that comprises of an average between your current contractual rate and that of the current available market rate If you want to save money on your business gas prices per kwh then contact the team at D-ENERGi today.
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23 Aug

How Do I Know When to Switch Business Energy Supplier?

by Simon Thompson
 
When should I switch my business energy supplier? There isn’t a specific time, unfortunately, when it is best to switch business energy supplier. Each business is individual and has different requirements, different contract dates, different costs, and different business energy meters. When you want to compare energy prices, keep in mind that the switching window for each business will be different, and also dependent on a wide variety of factors. Why is it important to know your business energy prices per kWh? If you are not well versed in your business energy contract and don’t know your business energy prices per kWh, then it can end up costing you dearly. If you don’t know the right time to switch for example, then you may end up rolling over to a much more expensive contract – that tends to be 80% pricier than normal contracts. It may surprise you to learn that as many as 10% of UK businesses are locked into these contracts and paying more than they should. Why do I need to switch my business energy supplier? There seems to be a widely held opinion that energy suppliers will offer you a bonus for not switching, and this is generally not the case. Any offer you get for contract renewals will not factor in existing ties with your supplier, so it is definitely worth shopping around. Individual business energy suppliers will offer individual options, so you need to consider them all carefully to work out which is the most relevant to you and your business. The best business supplier for you is the one that will take care of all of your business energy needs and provide you with a reliable service. Supplier offers change on a regular basis as the market is always fluctuating, so it is worth comparing the market on a regular basis to see the quotes available to you at that time. This is something that the team at D-ENERGi can definitely help with. When is the best time to switch business energy supplier? There is usually a short window of time when it is best for UK businesses to take advantage of a cheaper energy deal – and this is usually just before their current contract expires. To find out if you qualify for a cheaper business energy contract, make sure you know your business electricity rates per kWh and then get in touch with D-ENERGi.
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16 Aug

3 Things to Keep in Mind When Doing A Business Energy Comparison

by Simon Thompson
 
Business owners across the UK are becoming more aware of how easy and quick it is to switch business energy suppliers. However, here are three things to keep in mind when you are doing a business energy comparison: There are lots of energy supplier switches going on all over the UK on a daily basis. A recent report by Energy UK, for example, revealed that in the month of April 2021 over 650,000 customers switched their energy supplier, and around 100,000 of these were business customers. These numbers show that more and more people are becoming aware of the cost-savings benefit of switching business energy supplier, and how easy it is to do with the help of the D-ENERGi team. The variety of deals and offers you can access by completing a business electricity comparison, for example, are really enticing people to make a change. Are you thinking of completing a business energy comparison, to see if you could save? Then, keep these three things in mind: #1 The market and changing energy prices It is definitely worth paying attention to the price of electricity and gas when you are shopping around for a new business energy contract. Gas and oil prices are spiralling at the moment, and this is forcing energy suppliers to pay more, which means you then have to pay more. You should also take into account the fuel mixes your business energy supplier uses as well, as fluctuations in government regulations and the market favouring certain energy resources will have implications on the price of your energy. #2 Price per unit and standing charges Sometimes people can fall into the trap of thinking that they only have to pay for the energy that they use and fail to take into account the standing charge as well. The variable unit price per KWh on your bill is the price you pay for the energy you use, whereas the standing charge is the fixed fee that you pay to be connected to the energy grid. Both of these prices can vary from region to region throughout the UK. #3 Know your business energy tariffs The type of business energy tariff you choose will affect the type of business energy contract you sign with your new supplier. Fixed-rate tariffs tend to be the cheapest, for example, and they last for a fixed period of time meaning regardless of any price hikes in the market, your tariff price will stay the same. Variable tariffs, on the other hand, change according to the market demand. This means if the market price is low, your tariff is low – however, if the market price soars, so do your tariff. Think carefully about what type of tariff will be best for your business, and then get in touch with the team at D-ENERGi to walk you through the business electricity and business gas comparison process.
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