When it comes to keeping the running costs of your business as low as possible, one area that definitely shouldn’t be overlooked is your business energy usage. However, shopping around and comparing energy prices can be a time consuming process, but the rewards of finding a reputable, reliable and great value business energy provider will definitely be worth it.
At D ENERGi, we want to help you understand how to compare business energy prices to find the right deal for you.
Compare Business Energy Prices
Know the Market
Business energy prices are subject to a lot more change than domestic rates as they are connected to the daily wholesale price. So when comparing prices it’s important to remember that a quote you get one day, could well be lower or higher a few days later if the wholesale price has changed.
Find your benchmark
To get a good gauge on the market deals, you need to have a benchmark to work against, so calculating your current energy prices and consumption will give you a good indication of what your requirements are and whether you can save money by switching providers.
Don’t be led by price
Naturally, no two business requirements are the same and there are numerous variables taken into account by business energy providers to calculate rates. Low rates you see advertised by a provider, may not actually be available to your business and could come with caveats that cost you more in the long run. It’s better to shop around and possibly pay a little more with a reputable company who offer excellent customer service.
As so many considerations such as business size, credit rating, location, sector and annual consumption are taken into consideration with business energy rates, it’s always a good idea to get a bespoke quote. While taking the time to contact individual providers may seem arduous over a quick online form, you’ll find that doing a thorough job from the start will save you time and potentially money further down the line.
Understand the terms and tariffs
With business utilities there are various types of contracts and tariffs you can get with business energy such as rollover, fixed term and 28-day contracts. Also, some contracts can have an agreed rate based on a fixed consumption for the duration of the contract or per year, so can incur additional charges. To ensure you know what you’re signed up for, it’s important to understand the terminology and terms and conditions.
By taking all of these aspects into consideration, along with choosing a reputable business energy supplier, you can ensure you find the best possible deal that’s right for your business, saving you time and money that can be better invested into your organisation.