Finding Cheap Business Electricity
Finding cheap business electricity can be challenging when every supplier offers such competitive rates. This is why you should make the effort to shop around and receive as many quotes you possibly can. Although this may be a chore, it is regarding one of the main factors within your business – money.
Ofgem Recommendations
The leading regulatory body, Ofgem recommend that you shop around for electricity rates, at least every three years to ensure you are being delivered the best tariff for your business electricity needs. When we say shop around, we mean the whole market. Do your research, look into energy suppliers that you may never have heard of previously, try to look further into suppliers that don’t fall under The Big Six.
We are only a phone call away…
If you are looking to seek consultancy with regards to your electricity, D-ENERGi can review your electricity and advise you on what is best for you and your business when it comes to electricity. Please don’t hesitate to give us a call on 0800 871 7626 to speak with one of our experienced Account Managers in house to help you understand your own electricity as appose to developing knowledge in generic electricity rates. Every businesses electricity needs are highly unique and you should not feel as though there is only one route you can take.
Hidden costs in electricity
Something that isn’t outlined from every supplier is the fact that there are several other charges that relate to electricity supply. We like you to be involved and we want you to have a 100% understanding on just where your electricity budget money is heading.
Some electricity quotes can be referred to as a mine field quote which can be presented in many different manners and can prove to show hidden costs. We are able to give you a cost analysis penny-to-penny of what and where you are spending your money on your business electricity.
P272
P272 is a new regulation given by Ofgem which affects around 167,000 businesses. P272 is mandatory and affects the way all electricity suppliers settle electricity consumption for businesses within a specified energy use. This will result in sites being migrated from non-half hourly meters (NHH) to half hourly meters (HH), and enable suppliers to produce more accurate bills.
More information and an infographic regarding P272 can be found here. If you would like to read our blog on P272 this can also be found here.
Get competitive rates today with a free quote
If you wish to seek electricity or any energy consultancy we are here until 5.00pm everyday ready to answer any questions you may have. Please call 0800 781 7626 for further information.
You can receive a free, no obligation quote here and start to compare electricity rates today!
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Best Energy Suppliers for Business
Business energy customers have numerous options regarding your supplier.
The Big Six, who provide energy for the majority of homes, can also supply for your business additionally. The business energy plans they offer could be considerably higher in price, in comparison to smaller companies who can also deliver competitive rates.
Businesses may opt to be supplied by The Big Six due to general recognition. Unfortunately, general recognition doesn’t always save you money on your energy bills.
Every business has different needs for energy therefore bespoke rates which are tailor made for your business would be highly beneficial. At D-ENERGi we pride ourselves on ensuring you get the most competitive bespoke rates we can.
To receive a free no obligation quote, visit our quote page to receive an energy quote for your business. Follow this link for our quote page.
Choosing the right supplier for you can prove to be difficult as there are so many, D-ENERGi can provide you with the following:
We can help align your contract end date with any other businesses you may have or your other utilities
With us you can choose which tariff you feel would benefit you the most. Most suppliers will dictate the tariff you must be on. For example, a day and night tariff. If your preferred tariff is a single rate tariff, we would endeavour to provide this with no cause for a meter exchange.
We can offer you renewals from the day your contract goes live which enables you to have access to the full annual market rates rather than a specific renewal reminder window compared to other suppliers.
With us, you can lock in your energy well in advance of your contract end date and we do offer longer term contracts, where possible, which can allow you to take advantage of more favourable market conditions.
When you are looking for a new energy supplier for your business, as a company we recommend you look at the smaller supply companies and compare each of their rates as, more often than not, a more competitive market rate is offered to you.
The most important thing is that you choose the supplier who is perfect for your business. No customer should feel pressured to go with a supplier due to numerous cold calls, SPAM or harassment emails from the supplier company.
If you would like to find out any more details regarding our bespoke rates, energy renewals or you simply have a general question about us as a supplier, please do not hesitate to give us a call on 0800 781 7626.
If you would prefer to contact us via e-mail then send to customerservices@d-energi.com.
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When it comes to keeping the running costs of your business as low as possible, one area that definitely shouldn’t be overlooked is your business energy usage. However, shopping around and comparing energy prices can be a time consuming process, but the rewards of finding a reputable, reliable and great value business energy provider will definitely be worth it.
At D ENERGi, we want to help you understand how to compare business energy prices to find the right deal for you.
Compare Business Energy Prices
Know the Market
Business energy prices are subject to a lot more change than domestic rates as they are connected to the daily wholesale price. So when comparing prices it’s important to remember that a quote you get one day, could well be lower or higher a few days later if the wholesale price has changed.
Find your benchmark
To get a good gauge on the market deals, you need to have a benchmark to work against, so calculating your current energy prices and consumption will give you a good indication of what your requirements are and whether you can save money by switching providers.
Don’t be led by price
Naturally, no two business requirements are the same and there are numerous variables taken into account by business energy providers to calculate rates. Low rates you see advertised by a provider, may not actually be available to your business and could come with caveats that cost you more in the long run. It’s better to shop around and possibly pay a little more with a reputable company who offer excellent customer service.
Go bespoke
As so many considerations such as business size, credit rating, location, sector and annual consumption are taken into consideration with business energy rates, it’s always a good idea to get a bespoke quote. While taking the time to contact individual providers may seem arduous over a quick online form, you’ll find that doing a thorough job from the start will save you time and potentially money further down the line.
Understand the terms and tariffs
With business utilities there are various types of contracts and tariffs you can get with business energy such as rollover, fixed term and 28-day contracts. Also, some contracts can have an agreed rate based on a fixed consumption for the duration of the contract or per year, so can incur additional charges. To ensure you know what you’re signed up for, it’s important to understand the terminology and terms and conditions.
By taking all of these aspects into consideration, along with choosing a reputable business energy supplier, you can ensure you find the best possible deal that’s right for your business, saving you time and money that can be better invested into your organisation.
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There are many things left in the dark with business energy, here we will give you some pointers with some free business electricity advice. Things that you should know but have never quite been told by your supplier. You shouldn’t feel left in the dark when it involves something as important as your money. We have put together some facts that are handy for you to know to assure yourself just where your money could be going.
Business Energy Advice
Loyalty doesn’t pay the bills – make sure you shop around.
Being a loyal customer doesn’t entirely mean you will get the cheapest rates. In fact, usually it’s the opposite. When it comes to energy, loyalty never pays.
If you have been with the same supplier for more than 2 years, you will more than likely be on their standard deal – this isn’t always the cheapest.
According to GoCompare.com, switching suppliers could save you up to £291 per annum.
The standard deal you are probably on will enable your supplier to increase prices in areas like your kWh and standing charge.
Not all suppliers are the same, newer and independent suppliers are more likely to be more flexible and appreciate your custom. For example ourselves here at D-ENERGi will always look to price match any electricity price you get if you are our customer or if you just shopping around. Enabling our existing customers and prospective customers to always feel valued.
Deemed contracts
A deemed contract is in place when anyone moves their business premises and begins consuming gas, electricity or both – with no agreement in contract with a supplier.
If a contract is ended by either the supplier or customer but the supplier continues to supply the customer a deemed contract is usually present if:
The original contract does not obviously state the outcome after termination
The existing customer continues to use gas, electricity or both at the premises
10% of micro businesses are on deemed contracts for their energy, prices in deemed contracts are usually more than a substantial 80% more than rates at a negotiated price.
Make sure you know exactly when and where your charges are coming from, it is easy to be misled into paying more than you should be.
Do you run a care home or are you a charity?
Care homes, charities and other establishments using less than 33 kWh of energy per day are entitled to 5% VAT in comparison to the standard 20% VAT. When signing a contract with The Big Six – this usually isn’t outlined. Therefore meaning you could be being charged 20% VAT instead of 5%.
An unusual service which we offer at D-ENERGi is your VAT rebait which we take into our hands from start to finish. Customers in the past have received as much as £15, 000 with their rebait. This process usually takes around 3-4 weeks but is most definitely worth it.
Like-for-like tariffs
If you have been shopping around for cheaper electricity rates then you must ensure you compare ‘like-for-like’ tariffs. Suppliers can throw in hidden charges which you are unaware of. This has happened in many cases when it is just as easy to avoid.
A hidden charge is something we call a FiT charge, when you have been quoted for your business electricity, it is a point to ensure the FiT charge is included in your quote. On average, it has been estimated that a hidden charge can add an extra 2-3% onto your electricity bill.
Understanding the benefits of half hourly meters
P272 is a new regulation decided by Ofgem, having a half hourly meter will become mandatory in 2017. Until then, you could be saving a vast amount of money just by installing a half hourly meter.
With a HH meter, you will be charged every half an hour which essentially should secure you cheaper rates. The process of installing HH meters can be tedious but your energy supplier will help you through step by step. If your profile class is 05, 06, 07 or 08 then you will automatically be changed to a HH by 1st April 2017 however, you can switch and save before this! Visit our page dedicated solely to P272 and read our infographic which will fill you with all knowledge you need to know. You can visit our page.
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Call for free 0800 781 7626 to speak to one of our friendly Customer Services team directly and reduce your business energy costs!