Comparing electricity tariffs is the quickest and easiest way to save money on your business energy bill. But figuring out how to get a good deal can be tricky and time consuming – especially if you’re not sure what to look for. So, for the best business electricity rates, compare with us – we’ll tell you everything you need to know. The first thing to know is that, when it comes to commercial energy, there’s no one size fits all.
Tariffs are designed to meet your specific business needs and what you pay will depend on things like your consumption, location, number of employees and energy efficiency. Whilst that might leave you none the wiser, the bespoke nature of commercial energy does mean you should get a deal that best reflects your usage; but if you’ve got no idea what that is in the first place – then the table below should give you a rough guide based on business size.
Commercial electricity rates comparison by business size
|Business size||Average annual usage (kWh)||Average price (per kWh)||Standing charge (daily)||Average annual price|
|Micro business||5,000 - 15,000||14.4p - 15.9p||23p - 29p||£900 - £2,244|
|Small business||15,000 - 25,000||14.3p - 15.1p||23p - 28p||£2,367 - £3,660|
|Medium business||25,000 - 50,000||14.3p - 14.7p||23p - 27p||£3,774 - £7,234|
If you’re worried about running a cheap business electricity comparison and don’t know where to start – pick up the phone and have a chat with one of our energy experts on 0800 158 5296 who can give you the help and advice you need.
When it comes to running a business electric rates comparison, you’ll need to contact each different supplier who’ll ask you a few questions about your business and energy usage. The more accurately you can answer their queries, the more precise the quote so it’s a good idea to have a recent bill to hand.
But before you even begin to compare, you’ll need to make sure your renewal window has opened – if it hasn’t then you won’t be able to search and switch providers.
Your supplier will always let you know when your renewal period has started but it can be up to six months before the end date of your contract.
Providers will always try to tempt you to stick with them and may even offer an ‘extension period’ to your contract. It might seem like they’re doing you a favour but failing to act decisively will almost certainly mean you end up on what’s called a ‘rollover contract’ which is a bit like an auto-renewal and typically one of the most expensive tariffs you can be on.
Finding the best electricity rates for business means making the most of your renewal period and actively searching for deals – so before you end up trapped in a costly rollover tariff, let your supplier know you want to terminate your contract when it officially ends.
Cheap commercial electricity doesn’t have to come at the cost of your valuable time – just let us do the searching for you.
It doesn’t matter how much (or how little) electricity your business uses, we’re pretty confident that we can help you cut costs. To make sure we find the most relevant and accurate tariffs for your business, we’ll need to understand a bit more about your needs – having your latest bill will be handy as all the information we need will be on there:
- Where your business is located
- Who currently supplies your electricity
- How much you currently pay
- When your contract is due to end
- Your MPAN (meter point administration number)
If you just can’t wait to get stuck in and want to start putting more back on to your bottom line, then give us a call now on 0800 158 5296 – because it’s our business to help save you money.