Business Electricity Rates
Business electricity prices are rising. Save time and money, compare business electricity deals today.
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Why switch your business electricity supplier?
Energy use continues to be a major cost for most businesses. Some industries such as manufacturing and engineering are particularly high users, but even service-based companies such as bars and restaurants frequently find that electricity makes up a substantial proportion of monthly expenditure.
Most of the UK's electricity supplies come from burning coal and oil. These supplies are imported from abroad and are becoming increasingly difficult to obtain, forcing the energy market to look into alternative ways of producing electricity. With new choices available for the supplies of electricity, there are different options that could work for your business. In line with energy shifts, our suppliers offer an extensive range of competitive electricity packages to cater for different business requirements. Chat to one of our friendly business electricity cosultants free today.
What are business electricity costs made up of?
There are many non-commodity costs that contribute to the overall price of electricity for businesses. Third party costs contribute to a segment of electricity supplies and are increasing. Back in 2010 only one third of businesses electricity would have been third party costs this has escalated to 44% of an electricity bill in 2016. Transmission costs (TUoS) have increased by 75% since 2010, the renewable obligation (RO) has increased by huge 225% since 2010 and the feed in tariff (FIT) has increased by 1300% since 2010.
What percentage of your businesses electric bill is electricity...
Do not underestimate the potential savings that could be made on business electricity. Admittedly it can be a daunting market as prices can change daily! However, brokers / consultants are used frequently because they know the market inside out. Utility Bidder are ideally placed to advise on the best prices and deals available to your business. With all this in mind, it is more important than ever to ensure you are gaining the most suitable contract for your business electric.
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Our business consultants are on hand to help. Fill in our simple contact form or call us free.
Another quick, easy way to gain quotes for your business is to complete a Letter of Authority (LOA) and send it back to us with your contact details – Download here
You can attach this to a contact form or email it through to email@example.com quoting WEB LOA. Once of our consultants will then call you to discuss your business and requirements.
Not sure about signing an LOA? Let us put your mind at rest, click here for a handy guide to the Utility Bidder Letter of Authority.
Frequently Asked Questions
To start saving money on your business electricity you have to tackle consumption and energy spend. Energy monitoring and saving devices are great, but if you want to save money you also have to look at your energy statements to see how much you are paying for your unit rate and daily standing charge. Keep your contract end date in mind, you can start comparing business electricity quotes up to one year before your contract end date. Your current rates will be used as a starting point.
Many suppliers are offering their customers free smart meters, allowing you to monitor your usage in real time. Why not see what optional extras you can get with a contract by speaking to us today?
You may have seen the increase in your business electricity prices over time, this is because electricity costs are increasing.
Although prices are generally increasing, there's occasionally dips in the market (which need to be taken advantage of) but across the years, when analysing our date, prices / rates are inflating.
Securing a long term fixed contract early will help to protect you from the elements, although it can’t be avoided forever.
We recommend securing your new tariff early to avoid disappointment.
Your contract end date can be found on your bill, but if your struggling to find it then we can help. Our business electricity brokers are experts at analysing bills. You could be out of contract and paying inflated out of contract rates.
We often find that businesses are paying too much. Due to our premier consultant status with our brokers. We can ensure that you have the best deal for your company. Call us today to discuss.
You can switch your electricity supplier at the end of your contract. It's important to check if your contract has come to an end because your business could be on to a variable price plan. Variable rates are a lot higher then your contract rate, therefore you will be paying a lot more!
Most electricity suppliers give you a six-month window to choose a new contract before the end date, some are generous and give you a whole year.
Chat with one of our friendly commercial team and we will look in to your bills and pricing for you.
A smart mater automatically checks your energy consumption every month. Subsequently, your businesses electricity bills will be more accurate. This can help save on your electricity usage.
A lot of suppliers can offer smart meters for free as part of your deal.
Whether you have a small business or a large business, your electricity supply is important to the success of your company. Tariffs and deals vary depending on the type and size of your business. In most commercial cases, generalised price books or online generic price quotes will not be the best deal for your company.
At Utility Bidder, we take on businesses as a case by case basis. Our knowledge of the industry and contacts allows us to win the best electric deal for your company.
Looking for a manual? A buyers guide? or a beginners guide to business electricity? Speak with our expert team today here.
There's many additional and inclusive charges that make up your statement. Only 45% of your unit rate is made up of raw electricity, the rest is made up of additional charges that get picked up on the journey to you. The cost of generating and distributing electricity is extremely high and over the years we have seen this increase dramatically.
Figures suggest that this trend is set to continue, with electricity prices continuing to increase. It's important to lock in the best deal for your business.
The initial renewal quote you receive from your current supplier is likely to be inflated. Having a good consultancy on board gives you access to all major suppliers and takes care of the process. Utility Bidder have access to live, premium prices, allowing us to negotiate the best electricity deal for your business. If the best deal requires you to switch providers then we can deal with the whole process for you.
Utility Bidder can offer you a fully managed service that can take care of any account issues throughout the contract duration. We also offer free capacity reviews and a bill validation to all of our clients. Speak to our experts today and we can compare business electricity deals and rates for you.
If you're moving business premises, adding another site to your portfolio or cease trading, it's necessary that you let your electricity supplier know, or search for the best deal.
If you have a broker or consultancy on board, they can help with logging a change of tenancy (if required) and this take care of the set up at any new premises – that’s one less thing you have to worry about.
No matter if your a corporation or a small commercial unit, your electricity is important. Locking in the the best rates can influence the success of your business.
Due to the continuous inflation that we're seeing in prices, its becoming increasingly important to use industry knowledge and negotiating skills to drive the best price.
Locking in the best deal over a longer period is becoming a better option for many companies. This ensures that your protected from market increases.
Both small businesses and large business electricity prices vary based on consumption, sector, location and contract length.
Corporate electricity rates vs small companies, means that collating generic quotes online is not a recommended solution. Each case should be treat on an individual basis.
Speaking with a professional in the industry, that has access to contacts within, can save you a lot of time and money. At Utility Bidder, we handle the process for you, from initial contact with our supplier account managers, down to the paperwork and bill queries. We will negotiate the best unique tariff for you, allowing you to concentrate on running your business.
In today's market, there's many new cheap business electricity suppliers. This combined with the big 6, creates a problem when choosing the right supplier. It's imperative that you invest time in to finding the right supplier. This is where we come in!
Unfortunately, electricity prices are rising, and this trend will likely continue moving forwards.