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6 Feb

Why a business should compare Business Energy Prices

by Simon Thompson
 

There are lots of reasons why an organisation should compare business energy prices and the main one is for the savings that can be made.

Indeed, the most effective way of achieving the best savings for an organisation’s own needs is to utilise the expertise of energy experts who understand how the market works and can find the best possible deal.

The main point to appreciate is that the market to compare business energy prices is not the same as that for comparing energy prices for the home.

For one thing, business energy providers have a variety of tariffs and will tailor their offering to a business’s needs.

Compare business electricity prices

This also means a business may have to source a deal that will compare business electricity prices separately whereas a householder can get a dual fuel deal.

That is not to say that some business energy suppliers will not tailor their electricity and gas offering to a business though most firms will mainly be using electricity.

Indeed, most businesses will have a fixed term contract for the supply of their electricity and most of them will pay this by direct debit; the time to look at a new deal is when the fixed term contract is coming to an end.

Some firms may believe that the process of finding a new business energy supplier is complicated and decide to remain with their current supplier and will then move on to what is a rolling contract but this also means they will not be enjoying the best possible energy prices.

Firms looking to compare business gas prices

Firms looking to compare business gas prices should also appreciate when their current contract is coming to an end and use that as an incentive to shop around and find a better energy deal and reduce their overheads.

The business energy supplier will get into it with the firm before their contract comes to an end to inform them that this is going to happen and unless they hear otherwise, then they will move onto the rollover contract and what are known as ‘deemed rates’.

Again, when it comes to comparing gas tariffs, it is probable that the business will find better rates and better terms if they have more than one premises that need a gas supply.

Finally, an important aspect for any organisation looking to compare business energy prices is the process is straightforward and there will be no loss of supply to the premises during the switchover process but for any questions and advice on energy tariffs, then contact the team at D-Energi for help.