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15 Jul

Are Yours the Cheapest Business Electricity Prices?

by Simon Thompson
 

It may appear to be a confusing question, but is your firm enjoying the cheapest business electricity prices currently available?

If you haven’t switched providers in recent years, then the answer is likely to be ‘No’.

That’s because your supplier will have moved you to an out of contract tariff, known as deemed rates, which can be up to 20% or 30% more expensive than prices being paid by new clients.

And as all business owners will appreciate, controlling electricity costs is important to help boost profitability for a sustainable business.

Finding the cheapest business electricity rates UK

However, most energy providers will not publish a list of tariffs, so finding the cheapest business electricity rates UK can become complicated.

Also, the prices available will vary depending on the industry you work in, how many employees you have and also where you are located.

This means comparing tariffs between providers becomes more difficult but it’s not impossible.

You could contact suppliers directly and then compare their deals which will need to be bespoke for meeting your needs to find the best offering.

It’s always worthwhile calculating what a potential new deal will cost you over the course of a year to ensure you are getting a cheaper deal – you should also check for any hidden fees.

Finding the cheapest business electricity supplier

One of the issues in finding the cheapest business electricity supplier is the confusion used over some terminology.

You will need to understand that the unit rate you pay is for the amount of electricity your firm consumes, while the standing charge is the amount levied for paying the National Grid to deliver energy.

A busy business owner, you may believe you are accessing a cheap deal because the unit charge is much lower than what you currently pay without realising that the standing charge is more expensive. This means there are no savings.

It may be that your firm also wants to source a supplier who generates renewable energy to help boost your business ethos and these providers are also available.

For many firms, an effective way of sourcing the cheapest business electricity prices is to search the entire marketplace and utilise the experience and expertise of the D-Energi team to do this on their behalf and they will source the best deal available for meeting your needs.