Business Electricity: How to Find the Best Rates in the UK
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If you are running a business, then you will want to be able to easily compare business electricity prices per kWh to ensure you are not paying too much – as this could have a huge impact on your bottom line. After all, business electricity and gas are essential utilities to keep your business going, but this doesn’t mean you should let your energy spending get out of control.
When it comes to comparing business gas or business electricity prices per kWh then you need to be aware of a few things before you commit to a certain provider and contract, including:
What are business electricity rates?
Different utility providers will have different ways they use to calculate your total business energy bill, and understanding these different ways will help you to decide which one is best for you and your particular business.
The three main rates are:
- Fixed-rate – this means you can expect a very similar electricity bill every month as your total consumption is being calculated at a constant rate throughout your contract.
- Flexible rate – your rate will vary depending on market trends, and so some months may see you paying more for your energy than other months
- Half hourly electricity – a smart meter is used to record your specific energy usage and send it to your energy supplier at half hourly points throughout the day.
Each of these rates has its pros and cons. The biggest benefit of a fixed rate, for example, is that you always know what your rate is, whether the business energy market fluctuates wildly or not. However, the other side of this is that if rates do drop below your fixed rate, you won’t benefit from any reduction in costs.
This is where the benefit of a flexible rate comes in as if utility costs drop so do your bills. However, on the flip side of this, your monthly payments will also go up if the cost of utilities goes up.
The benefit of half-hourly electricity is that you always know how much you are spending on business electricity and so can make adjustments to your usage quickly. However, it does also mean that your energy provider may decide to charge you higher rates at peak hours as well.
The easiest way to find out the best business rates for both gas and electricity is to contact the team at D-ENERGi. We can quickly compare business electricity and business gas prices per kwh – saving you both time and money.
