Unlike domestic energy, commercial energy tariffs are tailor-made and can vary widely. This means that it is very important to make a complete business energy comparison of the various suppliers in the market. The result of this process is an economic contract aligned with its energy strategy.
Here is the list of business energy comparison and not how you face the daily challenge of implementing an effective energy policy:
Comparison of Energy Dos
- Shop around – An increasing number of energy suppliers means more competition in the market and more opportunities for a broad energy business comparison.
- Get a breakdown of gas and electricity unit fees, as well as permanent charges (the fixed cost of having a power supply). Keep in mind that a lower unit cost can be offset by a higher charge and vice versa.
- Make sure that if you get a fixed-term contract, this contract refers to the amount of time an agreement is fixed, rather than referring to the fixed cost of the energy tariffs.
- Make sure your company qualifies for climate change tax exemption (CCL).
- Remember that your business’s energy needs are unique – there are no two companies alike, which means you need to compare the energy of your business case by case.
Energy Comparison Don’ts
- Don’t wait long before you buy the market of new energy supplier for business. You can be placed in a new contract 120 days before the end of current contract, but it may take up to 28 days to process the change. So, do not leave it unit the last minute.
- Don’t be afraid to negotiate – because energy tariffs for business are tailor-made, this gives you the opportunity to negotiate for lower energy prices.
- Don’t fall into the trap of automatically renewing your existing contract as this prevents you from switching and saving when your contract comes to an end.
- Don’t worry about downtime – there should be no disruption in your gas and electricity when you switch to new provider.
- Don’t rush the process – after signing a contract you usually don’t have a ‘window period’ to cancel the contract. Typically, you’re locked for the full contract period, after you have signed up.
Accounting manager – All the customers receive a nominated account manager who will handle all of their energy needs and advise you on the best way to get right energy agreement.
Simple price comparison or proposal management – Tell your account manager what you want from your power contract and provide a market comparison.
Key Facts Statement – Our key facts statement is available upon request and details what you have told us, what service we provide, what commercial energy advice we provide and the agreement we have agreed.
Free Power Guides – Knowledge is power and we provide free access to our library of over 100 guides to the business energy market.
Energy Efficiency Advice – We can actively help you understand your consumption and thus we save even more on your gas and electricity costs.
Leave it to the experts:
The Process of buying business energy comparison quotes can be difficult and time consuming for SME teams already extended. The quick link with an energy specialist broker can not only speed up the energy comparison process of the business but also help you save on your monthly bills.