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20 Sep

Understanding What Business Energy Suppliers Offer

by Simon Thompson
 

Perhaps the biggest issue for you and your business when it comes to comparing business energy suppliers is to appreciate the sheer range of offers available.

While there’s no doubt that you will be able to save substantial amounts of money on your overheads, the offerings from various suppliers can be confusing.

Added to this, an energy quote will be a bespoke offering that is tailored to meet your needs which makes comparing a like-for-like quote from another supplier more difficult – certainly more so than sourcing an energy quote for our homes, for instance.

There are a variety of factors that need to be considered including the location of your business, your daily energy needs and whether you can switch activities to off-peak periods.

Offerings from business electricity suppliers

If we look at the offerings from business electricity suppliers, then finding the right plan can be a confusing and time-consuming process.

All firms should endeavour to get several electricity quotes including those from online comparison websites.

It also needs to be appreciated that you will be unable to switch suppliers while your current contract is running.

However, you may have been switched to a ‘deemed’ contract where the charges are more expensive as a consequence.

Market for business gas suppliers

Indeed, the market for business gas suppliers is a competitive one and the prices change frequently as well; that’s because the gas market is volatile and commercial prices react in real time.

The other issue for gas suppliers are government levies, regulator fees, currency fluctuations as well as the supply and demand for gas.

Despite this, most firms will opt for fixed-rate gas tariffs so they will know how much their gas bill is likely to be over the course of their contract.

It helps too that these fixed tariffs for gas are available for between one and three years to help with cash flow planning.

The bottom line for those looking for a new business electricity and gas supply is that it pays to shop around and to gain an understanding of how prices are put together and who to approach for the best deals.

While there are big savings to be enjoyed, many firms will opt to use one of the ‘big six’ energy suppliers simply because they have heard of them and this is despite other suppliers coming into the market with better offerings, better levels of customer service and more extras such as offering energy advice to reduce usage.

 

For more help and advice about what business energy suppliers offer and to find a cheaper gas and electricity deal, speak with the experts at D-Energi.

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