Tips for Finding the Cost-effective Business Electricity Rates

Are you concerned that you might be paying an excessive amount on your business electricity bill? It is crucial to understand the components of your bill, such as the business electricity per kWh and other charges, in order to assess whether you’re getting the best deal. If you’re uncertain how the energy bill was calculated. We’ll explain the standing charge and unit rate of the energy bill. To ensure that you’re securing the most cost-effective business electricity rates per kwh, here are four tips to consider:

Standing charge

Regardless of how much gas or electricity you use, your standing charge will not adjust to your consumption as it is a fixed amount that you are charged each day. This typically £ per day, or pence per day subject to the size of your meter.

Unit rate

this is the price you agree to pay per kilowatt-hour (kWh) of energy, this will make up most cost of your bill.

OFGEM have made it mandatory for electricity suppliers to display your contract end date, notice period and the electricity per kWh being charged and other factors which contribute to the cost of your electricity bill.

Tip 1

Have you just recently moved into the business premises? Business electricity per kWh rates are cheapest when you have an arranged agreement in place. If you do not have an agreement in place rates are typically double. A fixed tariff means your unit rates halt at one price for the extent of the plan – usually 12 months. Your rates would not change regardless of an increase in wholesale prices given by your supplier as your  tariff is fixed.

Tip 2

Switch suppliers. Shopping around and looking for a new supplier can benefit you greatly. You’re not obliged to stay with the same supplier forever, cheaper rates could be right in front of your eyes but you just haven’t seen them yet. Compare the business energy prices and get the cost-effective rates from other supplier, you can simply get a quote online by submitting your basic information. Switching to D-ENERGi is quick and easy, we are committed to providing excellent and extraordinary customer service to our customers. Get a free quote today.

Tip 3

For you to find the cheapest electricity prices for your business can be assisted by introducing energy efficiency measurements into your business. By doing this, you can accurately see how much electricity you use and therefore you can give precise readings to your future energy provider enabling them to deliver the cheapest rates to you. You can do this by introducing:

• Smart Meters – Smart meters really do as they say on the tin, by installing one you will find they track your energy usage patterns and allow access to more detailed reports, you will have an idea of how much energy you are using and how you could reduce your consumption. You could also provide the usage to your provider for a quote.
• Half hourly electricity – is a type of electricity meter that measures how much electricity is being used every half an hour. With half hourly metering, your meter is automatically read, so there is no need for you to remember to send your meter reading to your supplier – enabling more accurate electricity bills to be delivered to you. It allows you see exactly how much electricity they are using at different times of the day, helping you to become more cost effective in using energy.

For further information of business electricity, we invite you to visit our Business Electricity page. Here, you’ll find details to help you get the best quote and switch over to D-ENERGi,

Understanding your business electricity bill and actively seeking the best rates can lead to significant cost savings. If you would like to get the best quote on business electricity, please speak with our friendly Customer Services team, contact us today.