Compare business energy prices & save an average of 40%**
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 with SwitchMyEnergy.com, you can see which suppliers offer the best rates, customer service and business account management for you.
Energy prices change all the time and business energy, in particular, can be subject to rapid price fluctuations. When you compare business energy suppliers, you can access the latest pricing information and ensure you’re getting the best deal.
With so many providers and deals on offer, however, researching each option individually can take a substantial amount of time. By using our business energy comparison, you can compare business energy prices and suppliers in seconds.
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 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 plan.
Once you’ve decided which plan is right for you, simply let us know and we’ll do the rest.
You don’t need any information to start obtaining business energy quotes. However, the more information you have to hand, the more accurate your quotes will be. All the information you need to get the most accurate price estimates is listed on your bill or on your online account. The most important details are:
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:
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.
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.
Sometimes known as an out-of-contract rate tariff, deemed rates apply when a deal or plan ends and you’re switched back to standard rates. Most business owners who don’t regularly switch suppliers or change their plans pay deemed rates, which are typically the most expensive way to access business energy.
These contracts apply to businesses who haven’t switched providers since the energy market was deregulated in the 1990s.
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.
The amount you can save when you switch business energy will depend on various factors, including:
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.
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, SwitchMyEnergy.com makes every effort to ensure the 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.
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. Furthermore, businesses tend to have more choice when it comes to the type of tariff they’re on, the supply they receive and the type of energy they use. That’s why a tailormade business energy comparison is the only way to really find out what the best deal is for your business.