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16 Jun

Finding Cheap Commercial Electricity Rates

by Simon Thompson
 

The market for offering cheap commercial electricity rates is a competitive one so it is relatively easy for a firm to find a cheaper new electricity supplier.

However, there are some considerations that all firms and organisations will need to take into account when comparing business electricity tariffs and these include:

  • Business size: the firm’s turnover and size of office space will be crucial for a potential supplier. Some will specialise in a business’s size and offering but not others.
  • Business planning: knowing how long the business will be remaining in their premises will also dictate whether they have a short or long-term contract; a shorter term contract will bring flexibility for switching.
  • Know your energy usage: all firms should check their bills to see how much electricity they are using as this will help a potential new supplier estimate the usage and potential tariff.

Access cheaper electric prices being charged

Knowing when the firm has its peak uses for electricity means they may be able to access cheaper electric prices being charged for use in the early hours of the morning or during the night.

It’s also important that businesses look carefully at the deal being offered so it meets their needs.

Firms and organisations should also be wary about fixed term contracts, particularly those that may tie them up for four years.

While longer fixed contracts offer much lower rates and better deals, they are more difficult for a firm to break and switch to a different supplier.

It’s also important that firms do their research and compare quotes from various suppliers and they need to do this within the window of opportunity before the current contract comes to an end.

Compare a commercial electricity quote between suppliers

This means they will need to allocate time and resources for someone to compare a commercial electricity quote between suppliers effectively and for smaller firms, this may be a difficult undertaking.

However, the payoff is that they will probably source a much cheaper energy supply for their firm and save substantial amounts in the process; just about every firm will save money by switching to a new supplier.

Just a word of caution for those firms who are using comparison websites for business energy prices; the website itself may not be searching the entire market or indeed all of the potential energy suppliers and may not be delivering the cheapest deals or tariffs.

Also, the firm will need to contact the supplier directly because their energy quote will need to be bespoke.

 

For more help and advice about finding cheap commercial electricity rates, then it’s time to speak with the team of experts at D-Energi to find out what deals and offers are available.