For businesses spending more than £300,000 a year on their business energy, a more bespoke commercial energy tariff is required. Whether you’re operating in an energy-intensive industry, or you have multiple sites, it is important to find the best energy deal to ensure you’re maximising your profit margins.
How to switch large business energy?
Qualifying as a large commercial and industrial business means there are a few more things to consider when switching business energy suppliers. To utility companies, a large business uses at least 55,000 kWh of electricity or 200,000 kWh of gas each year.
With this energy consumption, a large business must install a half-hourly meter. This helps businesses manage energy bills and only be billed for what they’re actually using rather than basing bills on estimates. This helps ensure cash flow is steady with no surprise billing.
To switch business energy, it starts with comparing business energy suppliers. Once you have gone through our comparison engine, it will recognise that you’re a large usage business and one of our energy experts will be in touch.
We’ll ask you a few questions about your needs and how you use energy to provide a more suitable energy product. We’ll shape tariffs around your business, including energy management tools, negotiate prices based on buying power, arrange any multi-site meters (if you have more business premises) and consider any other energy solutions.
Once you’re happy with everything, we will start the switching process.
Why Switch With Power Compare?
We will provide you with a dedicated account manager once you decide to switch with us. Your account manager will ensure all the admin work is running smoothly and keep you updated via our online portal. We’ll help you get everything set up from a tool to help reduce energy consumption, right through to getting you up and running. We’re here to help you find a great deal on your business energy.
What happens when my business energy contract ends?
If you have not agreed to a new business energy contract by the time your current deal comes to an end, you may be placed on an expensive out of contract tariff. These are usually the energy suppliers most expensive rates. You’re also locked into these rates for a further 12 months. Commercial energy must be managed closely, and if you switch using Power Compare, your dedicated account manager will be in touch when your renewal window opens. This means you’re likely to never overspend on your energy bills again.
How can I manage commercial energy?
Energy consumption is extremely hard to control in a large business. However, there are energy solutions available to both reduce carbon emissions and increase energy efficiency. Many commercial energy suppliers offer intelligent energy management systems for business customers with large energy use.
These solutions often include power performance, energy efficiency programs and big data. This information can be used to help customers manage energy performance across the businesses equipment and devices. These solutions provide a guide to improving operational energy efficiency and help take control of energy costs.
Half-hourly meters will also be installed by your energy supplier. This sends energy use information directly to the supplier every 3o minutes. This ensures there are no billing errors and surprise energy costs.
What types of commercial energy tariffs are available?
Large businesses have access to more flexible business energy solutions. Depending on how the business uses energy, there are several options available:
- Fixed-Rate Contracts – this is the most common business energy contract. It offers some certainty that the price will remain the same every month. Businesses often choose this so they can manage cash flow better.
- Variable Rate Contracts – prices on these types of contracts increase and decrease in line with wholesale market value. This means that businesses will benefit from cheaper rates some months but will pay more if overall prices increase.
- Interruptible contracts – these contracts are uncommon and only offered to large businesses. It allows them to pay less per kWh if you allow the National Grid to cut the supply during periods of high demand.
- Large site peak day demand contracts – this type of contract places a cap on the amount of energy a business can receive each day. It’s important to note that exceeding this cap will come with heavy fines.
What is a multi-site meter?
Multi-site meters are suitable for businesses that have more than one business premises and would like one business energy contract. This helps manage energy consumption and means you will only have to switch gas and electricity once.
What is a half-hourly meter?
Half hourly meters are required for businesses that have a peak business energy usage rate of over 100kW. Most large commercial and industrial businesses fall into this category. Despite being legally obliged to have half-hourly metering, they are useful for both the business and energy supplier.
Energy usage meter readings are sent to the energy supplier every 30 minutes and help control and manage energy bills.