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There are a number of business energy suppliers on the market who can offer a range of deals to choose from when you’re trying to find the cheapest commercial electricity supplier. Sometimes it can be hard to know what is the best option for you and your business’ needs, especially since you will likely be entering into a long-term contract with the supplier. Reducing overheads and getting a good value deal from suppliers is a priority for almost all businesses, so finding the right business energy deal is essential. On average, businesses could save themselves up to 35% on their annual energy spend by comparing commercial electricity and gas suppliers to find the cheapest deal.
The most important thing when looking for the best business energy supplier is to find a commercial energy contract that enables you to minimise your bills, while still providing the levels of energy that your business requires. The best way to find the right contract for you and your needs, and find the cheapest gas and electric supplier, is through Cost Compare Limited’s business energy comparison platform and bespoke service.
With suppliers offering varying levels of energy at different prices and tariffs, it’s worth investing your time into researching the best options for you and your business.
What Should I Do First When Looking For The Best Energy Supplier?
There are a number of things to consider when searching for the best energy supplier. Many businesses end up paying more on their energy consumption because their contracts roll on to higher tariffs without them realising. Make sure you avoid this by checking your current energy contract. Once you know what you are currently paying, you are more likely to find the cheapest energy supplier for your business’ needs if you shop around and compare tariffs from a variety of suppliers. Don’t get stuck paying more than you need to, and find the best energy supplier on the market in order to get the best price for the most reliable service.
Secondly, it is important to take a look at your current usage and see if there are any ways you and your staff could save energy. Your level of energy consumption may be higher than it needs to be, and it is important to look into this before you try and change your energy supplier. A few easy ways to save energy include turning off monitors and non-essential lights overnight, as well as investing in energy saving lightbulbs. You could even consider displaying reminders around your business to encourage staff to be energy conscious while using the staff kitchen or other communal areas. Once you know you are not using any extra energy than you require (which is good both for your business and for the environment!), you can begin to look into changing energy suppliers, which could save you and your business a lot of money in the long run.
How Do I Know How Much Energy My Business Needs?
Your energy needs depend on many factors, such as the size and working patterns of your business. For example, newsrooms or other businesses that are open twenty-four seven will have much higher energy demands than a small start-up. Most business energy suppliers understand that all businesses vary, and the best energy supplier will offer a commercial electric and/or gas package tailored to your company and its needs.
You also need to consider whether you need a combined gas and electric deal. A busy restaurant or cafe will need both gas and electricity, while a small accounting firm may not have a need for both of these fuel types in their contract. Your fuel needs will also depend on the type of building that you operate out of. Some buildings use electricity only, while others use both gas and electricity. Write down a short summary of the nature of your business, and find out the type of fuel you require for your building so that you can easily decipher your needs when comparing energy providers. Make sure you don’t end up paying for something you don’t need or cannot use, and get the cheapest energy supplier to match your requirements.
The only thing to be wary of while comparing business energy providers is taking the first deal you find. Something that looks like it may save you a little bit of money may actually end up costing you more in the long run if you don’t select the most appropriate deal for your business’ needs. Using Cost Compare Limited’s business energy comparison tool and bespoke service is the easiest way to avoid selecting a potentially costly deal that may be wrong for your business and its energy needs.
Who Are The Business Energy Suppliers That I Can Choose From?
There are a number of business energy suppliers, including:
- British Gas
- Dual Energy
- Haven Power
- Hudson Energy
- N Power
- Scottish Power
The supplier you select will depend on many factors, such as the location of your business, the type of building you operate out of and the bespoke energy needs of your business. It’s easy to compare gas and electricity prices from the companies above and match them to your business’ needs through Cost Compare Limited’s business energy comparison services.
What Type Of Business Energy Contract Can I Get?
There are a few main types of business energy contracts: a fixed business energy tariff, a variable business energy tariff and a green energy tariff.
Fixed business energy tariffs mean that prices will always remain the same, month after month, throughout the agreed timeframe of your contract with the business energy supplier. This option is for businesses looking for more financial security. This is because fixed business energy tariffs mean that budgeting will be more streamlined, so it is often popular with SMEs.
Energy prices are constantly changing due to supply and demand, so the disadvantage of a fixed business energy contract is that if the energy market gets cheaper, your business would not benefit from this cheaper price and you would have to wait until your next contract to agree upon a new price. As with other fixed contracts, these tariffs are sometimes more expensive. This is to make up for drastic market changes, so you may end up paying a little more per kilowatt hour.
Variable business energy tariffs are very different to fixed business energy tariffs because the unit price, as the name suggests, varies as the energy market changes. An obvious benefit is that when energy prices are lower, you will likely pay a lot less than on a fixed business energy tariff. On the other end of the spectrum, one serious disadvantage is that you may be forced to pay a higher amount per unit when the market prices are higher, and you may get stuck with a large bill.
You can also get a green business energy tariff. This means that the business energy supplier uses mostly renewable fuel. This is a great choice for businesses who have environmentally conscious customers, as this is an excellent business USP, or for businesses who are invested in advancing sustainable energy. When you compare energy providers, this is all important information that you should ensure that you keep in mind.
An unfortunate disadvantage of this type of business energy supplier is that their prices are usually higher than those using non-sustainable energy (fossil fuels). This is mainly because suppliers cannot generate high quantities of electricity as cheaply as those produced by fossil fuels.
To find the most suitable type of contract, and the cheapest energy supplier, compare business energy prices using the Cost Compare Limited tool.
How Does Cost Compare Limited Work?
Cost Compare Limited allows you compare energy providers, to find the cheapest and most suitable deal for your business. It’s quick and easy to use, and could save you and your business money by matching you with the cheapest commercial energy supplier, so why not compare business energy options today!
In order to get started comparing business energy suppliers and finding the cheapest deal, follow the following steps:
- Complete one of our easy forms
- Get a quick response from a Cost team member
- Compare business energy suppliers
- Enjoy a cheaper gas and electricity tariff