If you’re looking for a quick and easy way to cut your company’s overheads, then it’s time to consider switching electricity supplier.
If you’ve never switched supplier, or you’ve let your electricity contract expire without negotiating a new deal, you’ll be paying too much for your business energy, and may even have been placed on to an expensive rollover tariff. If you’ve just moved into a new property without arranging an electricity contract, you’ll be paying expensive deemed rates until you sort out a new deal.
Switching supplier can instantly cut these costs, and you can save time and money with our business energy comparison service, which you can use completely free of charge. Give the Confused.com energy experts a call in 0800 158 5296 to see how much you could save.
Comparing quotes can be an arduous process, as the only way of being completely sure you’re on the best-priced deal is to ring around each and every supplier to get a quote from each.
But you can save yourself time and money by making just one call to Confused.com, and we’ll compare deals from a range of trusted suppliers to secure you the best possible contract.
To help us negotiate the best possible deals, we’ll need to know the following details:
- The name of your current electricity supplier
- The name and end date of your tariff
- Your supply type
- How much electricity your business uses
- Your meter’s MPAN
Once we’ve got these details, we’ll present you with a range of quotes, and you just need to choose the one that best suits the needs and budget of your business.
Commercial energy switches are usually completed in around four-to-six weeks, but it all depends on how long you’ve left to run on your current deal. If you’re on a fixed-term contract, you can’t start comparing quotes until this deal enters its renewal window, which is usually between one and six months before it expires.
If you’re on deemed rates, you can switch at any time as this is not a formal contract, and if you run a microbusiness, you only need to give you current supplier 30-days’ notice before you switch.
Commercial energy contracts are designed to meet the demands of each individual business, and when designing your deal, suppliers will take into consideration the size and location of your business, the industry it operates in and the number of staff it employs, as well as the times and ways in which it uses energy.
This means it’s almost impossible to say exactly how much your electricity rates will be.
What are average business electricity rates?
|Business size||Unit rate (per kWh)||Standing charge (daily)|
|Microbusiness||14.4p - 15.9p||23p - 29p|
|Small business||14.3p - 15.1p||23p - 28p|
|Medium business||14.3p - 14.7p||23p – 27p|
These figures are based on industry averages and are only a guide. Many factors impact the amount you pay for your business electricity, including consumption habits and location.
Your final bill will also include a number of additional charges, ranging from taxes and environmental levies, to your energy supplier’s profits, so keep an eye out for the following costs:
- Wholesale energy costs
- Transmission Use of System (TNUoS) charge
- Distribution Use of System (DUoS) charge
- Climate Change Levy (CCL)
- Metering costs
- Supplier margins
If your business uses a lot of electricity, it might be worth getting a half hourly meter installed. These meters send readings directly to your supplier every 30 minutes, meaning your bills are always completely accurate and you can see exactly when and how you’re using electricity.
If your business has a maximum demand of 100kW or more in any half hour period, you’re required by law to have a half hour meter installed. If it has a demand of over 70kW in any 30-minute period you can also choose to have one fitted.
It sounds obvious, but the most effective way to cut your electricity costs is to cut your electricity consumption. If you’re unsure when and how you’re using electricity, it’s worth considering a smart meter, which will not only give you a breakdown of your energy habits, but will also send meter readings directly to your supplier, so you can be sure your bills are completely accurate.
If you want a more comprehensive picture of your energy usage, carrying out a full energy audit can help. Your energy supplier will be able to arrange an audit, which can be carried out over the phone or on site.
And you can also try to encourage an energy efficient culture in your workplace, by installing energy efficient equipment, such as bulbs, monitors and printers, and encouraging staff to always turn off lights in rooms that aren’t in use, and insisting all non-essential equipment is switched off at the end of every day.
These are all small changes that can quickly add up to significant savings, especially when coupled with a competitively priced electricity deal. To switch supplier, give the Confused.com team a call on 0800 158 5296 now, or click the ‘GET AN ENERGY QUOTE’ button at the top of the page, and we’ll give you a call back.