17 Jun For any business owner searching for the cheapest business electricity supplier, then there’s no easy answer to find out which provider will always have the lowest prices.
That’s because electricity prices will fluctuate regularly because of wholesale market activity.
It’s this activity which then influences the market offering to businesses and organisations but there are other considerations too.
The price being quoted by a supplier will depend on where your premises are, what your electricity demand is and even how many employees you have.
Also, any plans for expansion will also be taken into account as this will mean a greater demand for electricity over the coming year or the length of the contract.
Finding the cheapest business electricity rates UK
There’s no doubt that when it comes to finding the cheapest business electricity rates UK that research is vital.
That’s because there’s only one way to ensure that your business enjoys the cheapest electricity deal and that is to compare all business electricity suppliers.
While you could contact electricity suppliers directly, this can take a lot of time and since they must offer a bespoke deal, you may struggle to compare them.
There is another way to check business electricity rates in the UK and that is to use an online comparison site.
However, the sites do not usually check all potential suppliers and you will still need to negotiate directly with a recommended provider.
The cheapest business electricity prices
It’s for this last reason that in the hunt for the cheapest business electricity prices you should speak to experts who understand how this market works.
This means spending a few minutes speaking with the friendly team at D-Energi who are able to search the entire marketplace on your behalf.
By doing so, they will then be able to source the cheapest and best deal for meeting your business needs.
They can also take care of the switchover process too – and you will need to appreciate that this is a seamless process when you start the switch. There will also be no loss of supply when you do so.
Essentially, if you want to know who is the cheapest business electricity supplier, then the quickest and easiest way is to contact D-Energi today to find out what they can do for you in sourcing the best provider for meeting your energy needs.
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14 Jun One of the issues to understanding your business gas prices per kWh (kilowatt hour) is to appreciate that there are a number of influences on these prices.
With a wide range of business gas suppliers in the marketplace, they are offering a wide range of tariffs to attract you as a customer.
However, the deals being offered will be on a bespoke basis so making a like-for-like comparison is complicated.
In addition to sourcing prices, you will need to appreciate what other influences there are on the business gas prices being quoted.
Compare business electricity prices per kWh
The same issue also extends to those firms who want to compare business electricity prices per kWh.
These gas and electric prices are influenced by the geographic location of your business, the industry you are working in, the number of employees you have and how much gas and electricity you consume.
Also, because a supplier is offering a bespoke deal for the next 12 months, they will need to know if you are planning to expand or whether there will be a greater or less need for gas and electricity.
As mentioned, the size of your business will also have an effect with a microbusiness often paying the more expensive rates but it’s still possible to save money when switching.
The cheapest energy prices are for large businesses and industrial users and they stand to make savings worth many thousands of pounds every year.
Business electricity prices per kWh
So, for example, while the business electricity prices per kWh will vary between providers, it’s important that you give each supplier the exact same information so they can tailor their offering to your needs.
It’s also worth appreciating that the prices being quoted per kilowatt hour will be the unit charge, which is the amount levied for the energy your firm consumes.
On top of this, there’s also a standing charge, which is a fee that varies between suppliers that is paid to the National Grid for delivering gas and electricity.
You may also find that your firm is not large enough to attract the attention of a supplier but there are energy firms specialising in the small business sector.
In addition, it’s also worth sourcing suppliers who are offering other incentives, including an energy consultancy, which will help you and your business reduce the amount of gas and electricity it uses so there are greater savings to be enjoyed.
For more help and advice about an energy consultancy, and for understanding your business gas prices per kWh then you need to speak with experts who understand how this market works, so you should contact D-Energi today.
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12 Jun The most effective way to compare business energy contracts is to understand the business energy prices per kWh (kilowatt hour) to see if there are any savings to be made from a new supplier.
The helpful team at D-Energi will be able to explain the process and should be able to find a much cheaper deal than you currently enjoy.
One of the issues when it comes to comparing business energy deals is that the system does not work like it does for our homes.
This means you’ll need to contact a supplier directly and check their rates against their competitors.
Alternatively, you can use a comparison website that has been created for this purpose or you can speak with the D-Energi team.
Compare energy prices between providers
However, when you do compare energy prices between providers there are two prices that you will need to focus on.
These are the unit cost, this is the amount you pay per unit of energy which is measured in kilowatt hours.
There’s also the standing charge, which is the daily amount that helps pay for the National Grid to deliver energy to your premises.
It’s important to appreciate that the standing charge is not a fixed fee and will vary between suppliers, so you need to take note of this.
The next step is to understand the types of energy contract available when switching energy providers and there are five types to choose from.
Compare business electricity rates per kWh
For example, when you compare business electricity rates per kWh (kilowatt hour) you will also need to decide whether you want a fixed term contract or a variable rate alternative.
The fixed-rate will run for the duration of the contract whereas the variable rate will vary throughout its duration.
And if you haven’t switched energy suppliers in recent years, then you may be on a ‘deemed’ rate contract which suppliers will move you on to automatically and these tend to have dearer rates.
The other types of contract include a rollover contract and a 28-day contract, though these tend to be for businesses that have not switched their provider since the deregulation of the energy market.
Essentially, when you need to check business energy prices per kWh between providers, it is helpful that there are experts available to answer questions and find cheaper suppliers, which means contacting the team at D-Energi.
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10 Jun There are several reasons why you should make sure your business energy comparison exercise works for you, but the main reason is to save money.
There’s no doubt that for a busy business owner, undertaking a business energy comparison can appear to be a daunting task.
In addition, switching to a new energy plan can also be confusing.
Firstly, you’ll need to gather various business energy prices and decipher the contracts that are being offered.
The best way to demystify this process and access expert advice is to contact the friendly team at D-Energi who can explain clearly how the system works and how you can access a better deal.
Undertake a business electricity comparison exercise
All firms should undertake a business electricity comparison exercise every year when their current provider gets in touch with details of their forthcoming year’s contract rates.
This is the ideal opportunity to see what other providers will offer you as a new customer and you need your energy contract to hand to negotiate.
It’s this contract that will tell you what your current business energy rates are but you also need to understand how to compare the various business energy prices for electricity and gas per kWh (kilowatt hour).
If you don’t have your contract, then the information should be on a recent energy bill.
Undertake a business gas comparison
Along with sourcing a new electricity provider, a business owner should also look to undertake a business gas comparison when this contract falls due as well.
While most firms will be spending less on their gas overheads, this is still a potentially valuable exercise to undertake.
There are several pieces of information to carry out the comparison and they are the unit rates and standing charge you are paying, your meter number, the date your contract ends and how much energy you consume every year.
A new provider will use this information to see whether their deal is better or not and a business owner can also use an online comparison site for this purpose, but the site may not search all potential suppliers.
The best way for a busy business owner to be reassured that their business energy comparison exercise works for them is to speak with the team at D-Energi to see what deals they can source and the team can also take care of the switchover process.
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5 Jun Not every firm or organisation will have one, but what is a half hourly meter?
Essentially, it’s a special kind of electricity meter which offers automatic meter reading technology to deliver accurate electricity usage readings.
This means there is no need for estimated bills because the half hourly meters – or HH meters – are fully automated, so the energy being used is recorded and sent every 30 minutes to the supplier.
These meters are predominantly being used by large businesses such as offices and those who are operating in electricity-intensive industries and are using large amounts of electricity doing so.
For any business that is consuming more than 100 kW of electricity, then it’s compulsory that you have a half hourly meter installed.
Having a half hour meter installed
For those firms that consume more than 70 kW of electricity, then there’s the option of having a half hour meter installed – and there are other benefits for having one fitted.
The main reason for doing so is that a potential new electricity provider will be able to review when your business uses electricity through the day and help reduce energy use.
The potential provider will also have more detailed information to provide you with a bespoke deal that will best meet your firm’s needs.
And if you’ve recently moved into new premises and would like to know whether there is a HH meter fitted then doing so is easy.
The main way is to check the bill being sent by your supplier which will have the letter ‘S’ next to the number in the top left-hand corner.
Half hourly meters became a mandatory requirement
It also needs to be appreciated that half hourly meters became a mandatory requirement from 1 April 2017 for firms who are big users of electricity.
The move was created by Ofgem, the industry regulator, to help protect firms who use lots of energy at peak times to control their costs.
This means that there should no longer be any unexpected high bills and having a HH meter also encouraged some firms to switch their intensive periods to cheaper, off-peak period use.
These included large offices and warehouses, breweries and factories.
If your firm has a half hourly meter installed, or you have a business consuming more than 70 kW of energy, then you need to speak with the D-Energi team who are able to search the entire marketplace to find a cheaper, better deal for meeting your needs.
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3 Jun For most firms, their gas bills are much lower than their electricity costs but you can still access lower business gas rates by searching the marketplace effectively.
Indeed, regardless of your firm’s size, there are attractive contract options available which are tailored for meeting your needs.
You will need to know when your current contract is up for renewal and then search for a new supplier but only, according to research, one in three small and medium-sized firms switch their business gas suppliers every year.
This means that around two in three firms are probably being overcharged for their gas – it doesn’t have to be like this when a new, cheaper supplier can be sourced in minutes by the D-Energi team.
The average business gas bill
The savings on a firm’s gas overheads will vary but the average business gas bill is around £850 every year and they are paying around 4.25p per kWh (kilowatt hour). Their standing charge, this is the amount paid to the National Grid, is around 40p per day.
These are benchmarked figures to highlight whether you may be paying more than is necessary and if so, then it’s time to switch.
Even a small business can save money with larger businesses saving thousands of pounds when swapping to a new provider.
The wholesale gas market is a competitive one, which means that prices will change regularly and the wholesale costs have been falling steadily since December 2013.
Switching to a new business gas supplier
When it comes to switching to a new business gas supplier, the main reason for doing so will be down to cost savings.
However, the prices being charged by a new provider will vary by region and the type of gas meter you have fitted.
There are other issues to consider, including how many employees you have and what your potential demand for gas will be over the next 12 months.
There are other ways to increase savings and you could opt for a flexible or a fixed tariff and you’ll need recent gas bills to show a potential supplier what your consumption levels are.
You will also need your gas meter number which gives the exact address of supply for the property.
Essentially, you can access lower business gas rates quite easily when you contact the experts at D-Energi because they know and understand how the market operates and have access to all business gas providers. Contact them today to lower your gas bill.
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