FAQs for Getting a Business Energy Quote

Getting a business energy quote is arguably the most important step when it comes to picking a supplier for the foreseeable future. However, running a business already comes with a lot of spinning plates. Something that should be simple like securing a few business energy quotes online can feel a little overwhelming. 

We’ve put together this blog to give some actionable insights into getting your business energy quotes, ensuring you approach the process with confidence and the requisite street smarts. 

Why should I get a business energy quote?

There are plenty of reasons to get a business energy quote, especially if you’re not satisfied with your current tariff. Getting a quote is great for:

• Comparing prices between different energy suppliers/negotiating better terms
• Generally understanding the nature of your rates and why you pay them
• Staying ahead of the curve on market prices and offers
• Seeing different terms and flexibility options with various energy suppliers

Where can I get a business energy quote?

Getting your quote can be approached from a variety of angles, including:

• Online comparison sites and similar ones can use your details offer multiple quotes/estimates
• Energy brokers and consultants can source quotes on your behalf, accessing deals that the public might not be privy to
• Energy suppliers themselves will be able to offer you quotes if contacted directly
• There are industry specific organisations that can collect quotes for suppliers in their circles

What information do I need to provide to get an accurate business quote?

Accurate quotes come from accurate information, the latter of which falls on you to provide. Covering your bases will ensure you get the right quotes, whatever your preferred receipt method. Make sure to provide: 

• Your business’s name and full address(es)
• Your current energy supplier(s) for help with existing usage data
• Your estimated annual energy consumption (in kWh) for both electricity and gas
• Your Meter Point Administration Number (MPAN or Meter Point Reference Number (MPRN)
• Any other current contract details you know
• Your VAT registration number
• What meter you’re currently using – smart meter or standard meter

How long will it take to get my business energy quote?

The time your quote takes will vary depending on a range of factors. For example, a comparison site will offer instant quotes but they’re more likely to be estimates. Energy brokers, suppliers and consultants will generally take anywhere between a few hours and a couple of days to give a response. 

Are energy quotes free?

Getting a business energy quote online or over the phone shouldn’t cost you anything. However, a broker or consultant is more likely to charge you for their time so make sure to review their policy. 

What should I look for when reviewing a business energy quote?

Headline price can only offer you so much – you need need to examine every aspect of the quote, including: 

• Price per kWh unit
• Contract duration
• Standing charges
• Renewal terms
• Payment terms
• Any additional fees
• Customer service records
• Supplier reputation 

Anything else?

Remember all of these things while seeking out a business energy quote, as well as the fact that you can negotiate for better quotes if you’re not satisfied with what’s on offer. After getting your quotes, make sure to review the contract terms, ask any clarifying questions and keep copies of all important documents. 

Find out more about how we can help your business energy quote. Contact our energy experts to get a free quote. 

For more guidance on how to navigate the world of business energy, visit our blog today.