How to Compare Business Electricity and Gas Tariffs

For large, small or micro-businesses, looking to reduce their energy costs then understanding how to compare business energy tariffs. Just as we find when looking at household energy suppliers, the tariffs available for a business can vary hugely.

This means conducting more research and calling a potential business energy supplier to find their best offer on business electricity and gas.

However, the one thing to remember is a business can only compare their business electricity and gas tariffs separately between business energy suppliers since they cannot get a dual fuel deal like they can for their home.

It should be remembered though that there is a substantial savings to be made from switching business energy suppliers and depending on energy usage, some businesses could save hundreds of pounds and indeed several thousands of pounds.

Compare business electricity and gas rates

However, when a business wants to compare business electricity and gas rates with various rivals, it’s not that easy since the energy supplier will need to offer a bespoke deal.

The process of finding low energy bills not only sees lower overheads but it should be done as a matter of routine.

This has been underlined by a survey from the Competition and Markets Authority which reveals that 40% of small and medium-sized businesses have not switched their energy supplier in the last five years.

More worryingly, 39% admit they have never switched business energy supplier.

The survey highlights that many firms in the UK are probably overpaying for their energy and missing out on the huge savings to be made which is an exercise that should be done considering that energy prices are predicted to increase this year.

The easiest way to compare business gas and electricity prices

Perhaps the easiest way to compare business gas and electricity prices is to understand how the business’s energy bill and consumption is put together; this means understanding the breakdown of the energy unit rate and any standing charges as well.

By doing so, the business will then make the process of comparing prices much easier though they should beware of a potential energy supplier offering an estimated annual cost since estimates can vary hugely.

For a micro-business, that’s an employer who employs fewer than 10 people, they will know their energy prices because that’s the regulation for the suppliers to meet.

Also, energy suppliers may automatically push their customers into a variable tariff contract after the business’s initial tariff comes to an end and have not signed a new contract.

One reason for this is that the variable tariff contract is usually much more expensive than a new customer’s contract from the same energy supplier.

Comparing business gas and electricity prices

There’s no doubt that when it comes to comparing business gas and electricity prices there needs to be plenty of research done.

The first step is to benchmark what the market is offering for the business’s energy usage.

Again, the business should be wary about any quotes being offered since these will not be a precise offering and they will still need to call or email the energy supplier for an actual energy quote.

Once the business has a good idea of what the market offering is and how much money they can save every year, then they should begin calling around other business energy suppliers.

Comparing business energy rates

Finally, when it comes to comparing business energy rates and the business finds an offer they like, they need to appreciate that once they sign a contract there is no cooling off period.

This means they must ensure they are happy and understand the contract before committing to it because they will have to stay with the contract through until the time for renewal arises.

The easiest way to compare business energy prices is to contact the experts D-ENERGi who provides the latest deals and tariffs. We will assign our dedicated Account Manager to provide tailormade business energy rates to small and large businesses in the UK, reduce your business energy prices. Switch and save with us, get a quick quote today.

For more energy saving tips and advice on how to improve the energy efficiency of your business premises, check out more of our D-ENERGi blogs.