Business Electricity Prices – How to find the cheapest business electricity tariff?

When was the last time you looked at your electricity bills? Are you paying a competitive rate (prices) for your business electricity? Do you know when your business electricity contract ends?

We recognise that running a business is time consuming leaving you with very little time to look at your bills, so why not SAVE on TIME, MONEY and EFFORT by simplifying your search today? At Make It Switch we remove the hassle by offering a free and impartial service which could save YOU £1500 (or perhaps even more) off your bills.

We compare thousands of tariffs to make sure you get the best business electricity deal in the market place.

To find out how we can save money for your business call us on 0207 112 4951 or request a call back using our ‘contact us’ form. You can also contact our energy team by simply using our ‘send us your bill’ option.

Standing charges

Standing charge is also known as a daily charge & quarterly charge depending on the meter type and business electricity supplier. It is effectively a fixed charge which covers maintenance costs of your business electricity meter.

As the standing charge is a fixed cost it can form a large part of your bill, therefore small users must give importance on both the unit rate and standing charge whilst large energy users can primarily focus on the unit rates.

Unit rates

Unit rate is the actual charge of the electricity we use and it’s always worked out as pence per kWh (KILOWATT HOUR).

Depending on the type of meter, you could have one flat rate or multiple rates which is subject to the time of day.

Long / Short term contract – Which one is right for your business?

Businesses unsure of their future financial positions should go for the cheapest contract which is usually the shorter contract (1year option). However this will leave the business exposed to a possible energy price spike the following year.

In comparison, businesses with a more long term view can fix their prices for 2 or 3 years which not only protects them from future price rises but also reduces the hassle of arranging new contracts.

Electricity out-of-contract rates (prices) – How much more expensive are they?

The most expensive contracts are those termed ‘Deemed Contract‘. That is to say there is no contract between you and the supplier, and you are able to leave with no notice.

The rates on a deemed contract will vary from supplier to supplier but it could be anything from 14p- 25p/kwh which is significantly more than contract based business electricity charges.

How can Make It Switch help YOU get the best business electricity prices?

Our London-based business Energy Team is ready to provide guidance and compare business electricity prices with a range of electricity suppliers on behalf of your business.

The fastest way to get a business electricity quote is by simply giving us a ring on 0207 112 4951.

Alternatively, you can fill in your details on our ‘contact us’ form and we can call or email you instead.

 

 

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