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12 Nov

Advice On Sourcing Cheap Business Electricity Deals

by Simon Thompson
 
One effective way of lowering overheads is to reduce your firm's energy bills but how do you source the best cheap business electricity deals? The best advice for doing this is to know when your contract endpoint is and then terminate the contract when it's allowed. The reasons for doing so are twofold: firstly, you will avoid being rolled over onto a 'deemed' contract, which tends to be much higher than contracts for new customers, and secondly, you will be forced to find a new supplier. It's always important when checking quotes from suppliers that you don't just focus on the unit rate per kWh since a potential supplier may offer a low unit cost, but have a high standing charge - so there will be no effective saving.

Cheap business gas provider

This idea of terminating automatically a deal with a current supplier also extends to those firms and organisations wanting a cheap business gas provider. Again, a business gas quote will have two elements, and you'll need to focus on the unit charge plus the standing charge to find out what your overall annual cost is likely to be. It is also a good idea to search the business energy market every year to ensure you are on the best deal possible and are not paying more than you should be doing. It may also be a good idea to get a quote from one or more of the 'Big Six' energy suppliers and then find out what another potential supplier can offer. For those firms looking to switch, it's also a good idea to have your current supplier offer a quote and ask if there are any additional discounts from each supplier you approach.

Finding a new cheap business energy provider

So far, we haven't mentioned using one of the online comparison sites for finding a new cheap business energy provider. You could use one of these sites to get an idea of the market rate for your size and type of business, but you need to be aware that the site may not be searching the entire marketplace. The search for cheap business energy deals should also include the efforts from an energy broker who has a wide and deep knowledge of the business energy supply market. As a result, they may find better and cheaper deals for meeting your business needs, so you should use an organisation that has access to the entire marketplace and can then negotiate on your behalf and deal with the switch over process. This will mean speaking with the experts at D-Energi who will be able to answer any questions you have about sourcing cheap business electricity deals.
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