Business Energy Comparison
Compare business energy prices and switch to a better deal
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Let’s save time, can we automatically gather meter information?
? What does this mean?To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
Does your meter number end in any of the following?
It’s simple to compare business energy prices using our business energy comparison tool. Better still it requires very little time and effort from you as a business owner. Here at Switch My Energy, our mission is to help our customers enjoy big savings on their business gas and business electricity bills by switching them to cheaper tariffs.
Businesses tend to use more energy than most households, so getting a great rate is critical to your commercial success. When you’re on the cheapest deal, you can lower your overheads and reduce your company expenditure. As a result, you retain more of your revenue and your business becomes even more profitable.
Of course, getting the best business energy deal isn’t solely about saving money. A reliable energy supply from a reputable provider means you’ll have an uninterrupted source of energy to power your business. When you compare business energy providers, you can see which suppliers offer the best rates, customer service and business account management for you.
How to compare business energy
Simply tell us a little bit about your business, such as where you’re based and what your average energy use is, and we’ll get to work finding you the best business energy suppliers. If you aren’t sure who your current provider is or what your energy use amounts to, there’s no need to worry. With smart data, we can calculate your expected usage to find the cheapest business energy tariffs. Here’s what you need to do to start comparing business energy:
- Tell us your location and what your average business energy usage is.
- Give us a few details on your current business energy supplier.
- Our business energy comparison will find the best deals for you.
- Choose the deal that’s best for you and start switching today.
What is the difference between dometic and business energy?
Domestic energy refers to a household energy supply, like the one you have at home. Business energy is a supply that powers a commercial enterprise, like a retail store, workshop or office. As household and business energy needs tend to be very different, there are different tariffs and terms for domestic and business energy contracts.
Why switch business energy suppliers?
It can be a daunting task, switching your business energy tariff. The thought of having to make several calls, getting quotes from competitors, and talking to your current supplier who is simply going to try to upsell you on a new plan. It can be a time-consuming and often difficult task for business owners to compare business energy. Our partner allows you to switch business energy online or over the phone, saving you time and money. We take the hassle out of switching by doing the work for you and comparing business energy. Our renewal reminder service will also ensure that you never roll over to an expensive business energy tariff again, you’ll keep saving year-after-year. It’s quick, simple and easy to find a cheaper tariff, so why not switch business energy today and see how much you could save?
How to choose the best business energy deal
When it comes to getting the best rates for business energy, there are a few factors you’ll need to consider. Firstly, you’ll want to compare the standing charge and the unit cost.
Standing charge – this is a set amount you pay, regardless of how much energy you use.
Unit cost – the amount you pay for each unit of energy you use, charged per unit. The unit cost will remain the same for as long as your business energy deal lasts but the total amount you pay will vary depending on many units of energy you use.
As well as comparing standing charges and unit costs, you’ll need to select what type of business energy tariff is right for your enterprise. There are five main types of business energy tariffs:
Fixed Term
A fixed price for each unit of energy for the duration of your contract. Although the overall amount you pay for energy will change depending on usage, the amount you pay for each unit remains fixed.
Variable Rate
The price for each unit of energy will vary depending on market activity. If rates drop, you’ll pay less for each unit of energy but, if they increase, you’ll pay more.
Deemed Rate
Sometimes known as an out-of-contract rate tariff, deemed rates apply when a deal or plan ends and you’ve switched back to standard rates. Most business owners who don’t regularly switch energy suppliers or change their plans pay deemed rates, which are typically the most expensive way to access business energy.
28-Day Supply
These contracts apply to businesses that haven’t switched providers since the energy market was deregulated in the 1990s.
Rollover
If you forget to let your supplier know that you want to switch to a new deal or provider, they may roll your account over to another contract. Although most energy providers have stopped this practice, it does still happen, which is why it’s important to take a proactive approach to getting the best business energy prices.
Unlike domestic contracts, business energy isn’t available in dual fuel tariffs. This means you’ll need separate accounts for business gas and business electricity. The best provider for your business gas won’t necessarily be the cheapest for your business electricity, so do be sure to carry out separate business energy comparisons.
How much could we save if I switch business energy?
The amount you can save when you switch business energy suppliers will depend on various factors, including:
- The size of your business
- Your energy usage
- Your energy efficiency
- The current rates you’re paying
- The size of your commercial premises
As there are so many factors to take into account, it’s important to get a detailed comparison to determine exactly how much you could save by switching to a new plan.
Will my business energy supply be disrupted?
Switching business energy providers won’t cause any disruption to your business operations. As with domestic switches, you’ll need to take a meter reading and pay off your final bill with your existing supplier. However, Switch My Energy makes every effort to ensure the energy switching process is stress-free. Your new business energy provider will confirm the switchover date with your existing supplier, so you won’t need to take any further action.
Compare the best business energy prices for your business
Business Energy Guides
Frequently Asked Questions
No, you do not have to inform your current supplier that you’re switching but you should provide a final meter reading so that you are billed accurately. It is also important to ensure your last bill has been paid before cancelling your direct debit. Our energy experts can handle the entire switching process between your old supplier and your new supplier.
Switching suppliers should be a simple and quick process after you have agreed to a new energy deal. Although there are some reasons why your energy supplier may stop you from switching your energy supply, these include:
- If you are in debt with your supplier
- You have an unsupported meter
- You live in rented accommodation
If none of the reasons above applies to you, you can submit a complaint to the supplier.
Ofgem advises that you should not cancel your direct debit as your new supplier will get in touch to provide further information on direct debit arrangements.
A letter of authority (LoA) is a legal document that authorises a third party, or ‘agent’, to correspond directly with energy suppliers on behalf of you or your business. A properly constructed letter of authority will list the specific tasks and responsibilities the third party has been authorised to deal with for ‘the principal’ and should always include a signature, the date it was signed, and a specifically outlined period of time that denotes how long authority has been granted for.
It can be a surprise when your energy bill suddenly increases in price and you can’t work out why. Is it because of a hike in energy prices or has your bill simply been backdated?
Backdated energy bills can be quite common for people who pay based on their estimated usage rather than their meter readings.
When you switch energy suppliers you will need to take a meter reading so that your final bill is correct. Your energy supplier will then apply any credit you have to this charge and will either send you a bill for the remainder or a refund of the credit.
There are several reasons why you may not be able to switch your energy supplier, these include:
- Your energy supplier doesn’t support your meter type
- Your chosen supplier is already supplying your energy
- Your address appears to have a business meter
- Your meter information doesn’t match the information in the national database
If your gas or electricity is out of contract, then your tariff could be on a variable rate. Subsequently, you will be paying a variable/higher rate for your utilities.
Renewing or switching suppliers could ensure that you make the best possible savings on your energy bills.
The date your energy contract comes to an end can be found on a recent gas or electricity bill. If you do not have a recent bill, then get in touch and one of our energy consultants will run over an LOA (letter of authority) with you. This provides us access to find out the details of your supplier.
It is important to remember when your business energy contract comes to an end so you dont fall onto expensive out of contract rates. If you energy contract is coming to an end, contact our energy experts today to secure your business energy deal.
Most of our customers tell us that time is a precious commodity and running their business provides challenges. Researching, negotiating and agreeing the best utilities contracts with suppliers takes a lot of time and considerable effort. At Utility Bidder, the breadth and depth of our research means we can analyse the utility market for competitive prices. Our “Premier” supplier status and strong relationships provide us with access to bespoke offers and savings that might not be available otherwise.
Allow for more of your time to be spent concentrating on your business. Our quotes for switching business utilities will help you chose the best option, without spending hours negotiating.
Get a quote for gas and electricity today!