How to Find Cheap Business Electricity
Switching to a better business electricity deal is the most simple and effective way to cut your commercial energy bills. But because switching business energy isn’t quite as straightforward as switching home energy, there are a few things you should know before you start the switching process.
What is cheap business electricity?
Before you can start searching for cheap business electricity, you’ll first need to get an idea what exactly constitutes a cheap electricity deal.
Although your business electricity bill is made up of a variety of charges, including VAT and government levies, the unit cost and standing charge are the two components that have the biggest impact on your business electricity rates – the unit cost is the price paid for each kWh of electricity used, while the standing charge is a daily amount that covers the cost of transporting electricity to your premises and national grid maintenance.
The good news is, they are also the two components you can change by switching to a better deal.
How to find the cheapest business electricity rates
Every company is unique – even two businesses of the same size and in the same industry will have different energy needs – and to reflect this, business electricity quotes are bespoke.
When working the amount your business will pay in unit costs and standing charges, energy suppliers will look at your location, size, number of employees and energy usage pattern.
To get the cheapest electricity rates, you need to compare deals from each and every supplier on the market. As you can imagine, this can be very time consuming, as you’ll have to run through all your details with each supplier.
That’s why it makes sense to compare cheap business electricity deals through BusinessElectricity.co.uk – one call to us is all it takes to compare deals from a range of suppliers, from the Big Six to the smaller operators, and we’ll help you switch to a deal that could cut hundreds of pounds off the cost of your annual energy bills.
How much can your business save by switching electricity supplier?
It’s hard to put an exact figure on the amount you could save by switching business energy supplier, as the amount you could save depends on your company’s individual circumstances. But switching to a cheaper business electricity and business gas deal could cut your annual bills by as much as £1,027*
To find out how much you could save, speak to one of energy experts on 0800 140 4672 and running a cheap business electricity comparison today.
*At least 10% of businesses who switched energy supplier for both gas & electricity with us between August 2017 and August 2018 saved £1,027 or more.