Compare Business Energy
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Compare Business Energy Deals With UK Suppliers
Why Compare Business Energy?
Business energy comparison lets you save money on your business electricity and business gas bills through switching to a new business energy supplier.
Comparing business energy is an easy three-step process with Power Compare. We simply need some business address details and some contact details, from there our business energy comparison engine will provide you with the best quotes to choose from our panel of trusted suppliers.Once you have selected the best tariff that meets your business' needs, we'll have you switched over in five days.
Compare Business Energy in 3 Steps
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Simply provide us with contact details and we'll look up your business' electricity or gas meter.
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Choose a great deal from our live panel of energy suppliers. We work with a panel of trusted UK suppliers with exclusive rates.
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Once you have chosen your new business energy tariff, we will have you switched over to your new supplier within 5 working days.
What Is Business Energy?
Business energy refers to the supply of electricity and gas for non-domestic consumption. While 'energy' refers to business electricity and business gas, in the UK each fuel must be supplied separately, although one supplier can supply both energies to a company, and can offer a preferential tariff for supplying both fuels (known as a dual fuel tariff), these must still be billed separately.
Business Energy Contract Types
Business energy contracts come in many types, each aimed to cater businesses' many specific requirements. While fixed-price business energy contracts are the most common, especially when comparing business energy, there are a few types of fixed-price contracts and many other types you need to know about as the contract type you have will affect how much you pay for your business energy.
- Standard Fixed-Price Business Energy Contracts
- Renewable Fixed-Price Business Energy Contracts
- No-Standing Charge Fixed-Price Business Energy Contracts
- Rollover/Default Business Energy Contracts
- Deemed Business Energy Contracts
- Variable Business Energy Contracts
- Smart Export Guarantee (SEG) Business Energy Contracts
- Flexible Business Energy Contracts
- Pass-Through Business Energy Contracts
Standard Fixed-Price Business Energy Contracts
Standard fixed-price contracts are business energy suppliers basic fix-priced tariffs. These fix your energy prices for a set term, usually between 1 and three, although this can be as long as five years. These tariffs will usually be based on the suppliers fuel mix for non-renewable customers (ie partially renewable).
Who Are These For?
Business who wish to have the cheapest business energy tariff available.
Renewable Fixed-Price Business Energy Contracts
Renewable or green fixed-price tariffs ensure commercial energy is green, whether that's Net Zero or being renewably produced. Green tariffs can be guaranteed through REGO or carbon offset certificates - you'll need to know which meets your criteria (a broker like Power Compare can help you find the right tariff).
Who Are These For?
Business who need their energy tariff to meet renewable and ESG goals.
No-Standing Charge Fixed-Price Business Energy Contracts
No Standing Charge tariffs eliminate the daily standing charge - although usually this means a higher unit rate.
Who Are These For?
Businesses whose annual energy usage is seasonal and who prefer to remove the daily standing charge.
Variable Business Energy Contracts
Variable contracts allow customers to track wholesale prices. These can be cheaper than a fixed price deal during times of cheap wholesale energy, but during volatile times, these can be crippling.
Who Are These For?
Businesses who wish to take advantage of low wholesale prices.
Smart Export Guarantee (SEG) Business Energy Contracts
Smart Export Guarantee (SEG) tariffs are for customers that generate their own power using renewable sources such as solar and wind. It is a government-backed tariff that pays customers for every kWh that they produce for the grid.
Who Are These For?
Businesses that generate their own electricity.
Flexible Business Energy Contracts
Organisations that use a large amount of electricity have the option to buy their electricity in advance using a flexible tariff. This has the benefit of access to wholesale electricity prices and saves on some retailer costs.
Who Are These For?
Large businesses that have high energy usage that wish to have a degree of protection through fixed-prices, but also wish to benefit from low wholesale energy prices.
Pass-Through Business Energy Contracts
A pass through tariff is more complex than other tariff types. A pass-through tariff separates your bill into two segments: the fixed energy element, which stays the same for the duration of your contract, and the non-fixed, non-energy element which is made up of the additional costs the supplier would ordinarily pass on to the customer; these vary through the year.
Who Are These For?
These tariffs are most suited to electricity buyers that want to be in total control of their bill, usually through energy procurement.
Rollover/Default Business Energy Contracts
When contracts end, suppliers will send you a renewal letter with your new rates. If you do not agree a new contract with a supplier (and fialt to switch to a new supplier) you will be on rollover rates. Due to the difficulty in predicting energy usage, rollover rates are often more expensive, so if you are out of contract, you should compare energy prices and secure a better deal.
Deemed Business Energy Contracts
Premises that do not have a contract agreed with a supplier will still be supplied energy, but the rates will be deemed rates. These are typically more expensive, so it's well worth comparing business energy.
What To Know Before Comparing Business Energy Deals
Business energy comparison is simple, but with so many contract types and suppliers to choose from, it's worth asking yourself a few questions before signing on to your chosen business energy tariff.
- Will I Be Saving Money?
Auditing your commercial energy usage before you begin comparing deals can show your peak consumption hours, any new requirements, and an overall view of how much money you are currently spending and if there is any inefficiencies in your energy usage. - Am I Choosing The Right Tariff For My Business?
Another benefit of performing a business energy audit is that you can use this information to determine what your energy requirements are and the hours you need gas or electricity the most. - Am I Choosing the Right Supplier?
Depending on your requirements, there could be a supplier that serves your needs better than another. Each supplier is different and can offer you energy and services based on what you need.
Reasons To Compare Business Energy
You're Paying Too Much
Businesses that are unhappy with their business energy bills should compare to see if a better deal is available. Once your contract ends, then your new deal will take over and you will benefit from cheaper business energy.
Unhappy With Existing Supplier
If you're finding that the customer service of your supplier is causing you frustration, then it may be time to switch to a new supplier. Check reviews of any supplier you have chosen to ensure their customer service is good.
Final 12-Months of Existing Contract
Did you know some suppliers offer contracts to new customers as far as 12-months before their current contracts ends? By beginning your comparison journey early, you may find a deal that is worth locking in early. Prices change daily, so what is cheap now, may no longer be available in a years time.
Received Contract Renewal Letter
Suppliers send their contract renewal letters a few months before the end of a contract. Once you have received this, you can compare other suppliers against the renewal offer. You can stay with your existing supplier if their renewal offer is good, or you can switch and beat the renewal offer.
First Tenant In A Premises
If you are the first tenant in a business premises, then you will likely be subject to expensive deemed rates. It is well worth comparing and switching to a fixed-price contract to lower your business energy bills.
New Tenant In A Premises
If you've just moved in an taken over a premises, you may be subject to the old tenants energy supplier. Compare prices to see if you can find a better deal.
Not Compared Business Energy In A Long While
If it's been several years since you've compared a business energy, you may be on expensive rollover tariff. Comparing business energy prices should secure you a cheaper deal.
When Is The Best Time To Compare Business Energy Quotes?
The best time to compare business energy quotes is generally once you receive your renewal letter, as this will ensure you can compare from as many suppliers as possible.
However, it's worth mentioning that you can start the process of comparing business energy quotes from 12-months before the end of your contract, although your tariff options will be more limited. If the prices are favourable compared to your existing deal, then locking in cheaper prices from a small panel of suppliers can be better than waiting for more deals to be available.
Whether you lock prices in months early or weeks early, your new deal will be effective from the end of your existing deal. Since prices change daily, that great deal that was available early may not be available a few weeks before your contract ends.