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21 Mar

Should Your Business Compare Energy Prices to Save Cash?

by Simon Thompson
 

If your firm or organisation could save a substantial amount of money, would you compare energy prices between new suppliers and switch?

The obvious answer should be ‘Yes!’ but a government survey has highlighted that around 40% of firms have never switched energy supplier so they will probably be paying more for their energy needs than they should be doing.

That’s a shame because the process to find a new gas or electricity supplier is a simple one and the switching process is seamless and there’s no loss of energy while this is in progress.

It also needs to be highlighted that every firm and organisation could reduce their business energy costs, whether they are a new one-man-band start-up or a firm with several premises.

Business energy prices per kWh

It will soon become obvious that when looking to compare energy providers they will be quoting business energy prices per kWh.

This makes it much easier to compare their offering but you will also need to be aware of their standing charge to ensure that a cheaper kilowatt hour price is not being disguised with a higher standing charge than the firm’s rivals.

Online comparison websites will take your details and find the best supplier to meet your needs at a lower price.

The issue here is that the comparison site may not be searching the entire market and you will still need to negotiate directly with the supplier recommended by the site to obtain a bespoke quote.

Business electricity rates per kWh

It’s also possible to negotiate directly with a new supplier to find out what their business electricity rates per kWh are and then ask them to switch you to their service.

Again, this can be a time-consuming process negotiating with separate suppliers directly and having to understand the different business electricity rates to obtain the best deal for your business.

This is also the point to highlight that while the business energy market is dominated by the ‘Big Six’, you could make substantial savings by switching to a smaller supplier offering better electricity rates.

 

If you want to know how your business can compare energy prices to help reduce overheads and for more help in understanding how the UK’s business energy supply market works, then speak with the friendly D-Energi team who will be able to answer your questions.

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