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9 Mar

An Easy Guide to Understand Business Electricity Rates

by Simon Thompson
 
Every firm and organisation should be looking at their overheads on a regular basis and one way to reduce costs is to look at your business electricity rates. However, this is easier said than done because the market is a competitive one with lots of suppliers offering deals that suit the firm’s size and location. Indeed, regardless of your firm’s size, even a ‘one-man band’ operation should be able to find a new electricity supply and save several hundred pounds from their electricity bill every year. Obviously, small and medium-size firms will be able to save substantially more while very large organisations will be able to deal directly with a provider and not pay much more than wholesale rates. New business electricity supplier for your firm A new business electricity supplier for your firm will need to understand what your average annual usage of electricity is in kilowatt-hours, expressed as kWh. For example, a micro-business will be using between 5,000 and 15,000 kWh but a small business might be using between 15,000 and 30,000 kWh. The business electricity provider will be charging differing prices per kWh for a micro-business and small business with these prices expressed in pence – the larger the user, the cheaper this price will be. There will also be a standing charge which is paid on a daily basis to help pay for the network that delivers the energy to your premises so a micro-business could, for instance, be spending between £650 and nearly £2,000 in total on their electricity bill. Calculating your business electricity bill So, when calculating your business electricity bill you will need to be aware that you could find a supplier charging a lower average price per kilowatt hour but they might be charging more for your standing charge. Essentially, this means you may not be making any saving whatsoever so you will need to understand these charges when discussing switching to a new business electricity supplier. Before you do speak with a potential new business electricity provider it might be a good idea to get an idea of what the market rates might be for your business and use this information when negotiating. A good way to find an average market price for a firm of your size and location is to use a business comparison website which will give you an indication that you can then use.   Alternatively, if you want to understand business electricity rates and find a cheaper provider then the easiest and simplest way is to speak with the D-Energi team to see what they can offer you.
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2 Mar

Advice On How You Should Compare Business Gas Prices

by Simon Thompson
 
If you are looking for advice on how you should compare business gas prices to boost profitability then this article will help. Firstly, it’s important to appreciate that sourcing a new business gas supply is not as straightforward as if we were finding a new gas provider for our homes. That’s because the business market is more competitive and your firm will be using more gas than a domestic property so a provider will need to offer a bespoke deal that will best meet your needs. There’s no doubt that by comparing business gas prices and then switching to a new provider could see a substantial amount of money being saved every year from your firm’s overheads. There’s a lot to recommend carrying out this exercise every year. Find the best commercial gas quote But how do you find the best commercial gas quote for your firm’s needs? One obvious way is to speak with the helpful team at D-Energi who have all the latest deals and tariffs available or you could contact various suppliers individually, hand them your business details and see what they offer. Alternatively, you could also visit an online business gas comparison website to see what the market rate for your needs will be but be aware that you will still need to speak with the supplier directly when you have found a quote you like. While there are obvious advantages for using an online comparison website as the prices are delivered quickly, it also needs to be appreciated that these sites may not be searching the entire marketplace so you may not be getting the best possible deal for your firm’s gas needs. Finding the cheapest gas tariff for your business This makes finding the cheapest gas tariff for your business a tad difficult since each supplier will tailor their offering and this will take into account the amount of gas your organisation will be using over the year and its location. In addition, it is possible to access a cheap gas tariff by signing up with a new supplier for more than one year – some suppliers will offer two and three-year contracts which may help with cash flow planning. However, the downside to signing up to a long-term gas tariff is that the gas prices for businesses may fall in the years to come and you may be trapped in a long-term contract that may be expensive to come out of.   For more help and advice about how you should compare business gas prices and find the deal and supplier that best meets your needs, then it’s time to contact the team at D-Energi.
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7 Feb

How To Compare Business Gas Prices Per kWh

by Simon Thompson
 
In an effort to reduce overheads, firms and organisations may be looking to reduce their business energy bills and so they may want to compare business gas prices per kWh between potential new suppliers. This is an effective way of finding out which potential supplier is offering the best deal but there are two charges to any quote and one is the cost per unit, which is expressed as kilowatt hours, and there’s also a standing charge. Both of these will be quoted in pence so carrying out a comparison is an effective way to see which deal will best meet your needs. Compare business electricity prices per kWh The same exercise can be done for electricity so you will need to compare business electricity prices per kWh as well. However, while this strategy will highlight what the potential supplier is offering, it is not always the best way to compare business energy costs between suppliers effectively. That’s because you will need to understand how much the standing charge is and remember to add that into your calculations when looking at the unit charge. The standing charge is for the supplier delivering energy to your premises and maintaining the National Grid. The second charge, the per kilowatt hour tariff, is a set rate and will be tailored to the amount of energy that your business is using. Looking at business electricity prices per kWh As an example, when looking at business electricity prices per kWh, the lowest charge may not necessarily be the best deal for your business. You may need to look at the supplier’s other offerings including whether they offer account management and energy advice so your business will use less gas and electricity. The upshot for using a consultancy like this is that you will lower your energy use and pay even less on your business energy bills as a result. This is a big bonus for firms looking at long-term ways to reduce their bills and energy usage levels. Indeed, there’s a lot to recommend that every firm and organisation looks at their utility bill costs every year and then look to see if there are any other better and cheaper offerings available. The switchover process, should you find a cheaper utility supplier, is straightforward and there will be no loss of supply to your premises.   While it’s easy to compare business gas prices per kWh, as it is for electricity, there are other issues to consider including the customer service and consultancy offering and the D-Energi team can help explain why the extra services may well be the offering to choose.
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5 Feb

Should You Compare Business Energy Prices per kWh?

by Simon Thompson
 
In the search for cheaper utility bills, you may be wondering whether you should compare business energy prices per kWh (kilowatt hour) and whether there are bigger savings to be made. Firstly, it’s important to understand that there is a lot of competition in the business energy supply market and it will be more complicated than finding a new supplier for our homes. In addition to finding a supplier, businesses also need to consider whether the plan being offered is the right one for their needs and how much it will cost. And how much business energy deals will cost will depend on the firm’s size, what they do every day for business and the location of their premises. Deals are expressed for business electricity rates per kWh So, when a firm begins the search for a new electricity supplier it will become apparent that the deals are expressed for business electricity rates per kWh and some firms may find this confusing. Before switching supplier, it’s important that firms contact several potential suppliers for a quote and get their price per kWh which will be expressed in pence. However, we should highlight that you should tread carefully because while the ‘big six’ energy suppliers may offer the highest prices per kilowatt hour, you also need to check the standing charge which is also expressed in pence per day. Essentially, a supplier may offer what appears to be a great tariff in price per kWh but the standing charge may be much more than their competitors. Process to compare energy prices This means the process to compare energy prices is anything but straightforward but there are websites available to help you understand what the potential market rate for your business might be. The downside to using an online comparison website for business electricity rates is that they may not be searching the entire market and you’ll still need to contact the supplier directly. It’s also a time-consuming process to speak with several suppliers and give them the same information every time to get a bespoke quote. And even with the bespoke offering, you will still need to calculate which will be the best deal on offer by looking at the price per kilowatt hour and also the standing charge.   An easy way to shortcut this process for anyone looking to compare business energy prices per kWh is to speak with the team at D-Energi who have access to the latest and best deals.
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