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Compare business electricity quotes

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Compare business electricity quotes

All types of business will need an electricity supply. Whether it is to heat and light an office or run machinery in a factory. How each business sources their electricity can be different, and if you are new to business it is worth noting the differences between business electricity and domestic electricity supply by comparing business electricity quotes. As with all business expenses, it is also worth spending time researching how you can be more energy efficient to save money.

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Comparing business and domestic electricity — compare business electricity quotes

It is the same electricity that powers both your business and your home. It comes from the same place and travels to properties or premises in the same way. However, energy companies will treat business and domestic customers very differently. The main difference is that businesses are tied into a fixed-term contract with their electricity suppliers and this is often for a period of more than one year. Businesses are not permitted to leave their electricity contract during this time, unless the business ceases trading or moves premises. This information should be taken into consideration when you compare business electricity quotes.

The terms of the energy contract will be negotiated at the start and the business will pay a set amount for the contract. This differs from domestic supply, where there is sometimes a fixed initial period, but the contract has no end date and just continues to roll, unless the customer changes supplier.

It is also easier for a domestic customer to switch suppliers as there are no restrictions on a rolling contract. A business customer must see out the contract and does not benefit from a cooling off period when signing up with a new supplier, as a domestic customer would.

Average business electricity prices

The amount you pay for your business energy largely depends on which supplier you are with. 

Electricity and gas are measured in kWh (Kilowatt Hours), which means the amount of time it takes for an appliance to use 1 kilowatt of energy. 

For example, this means a 1,000 watt appliance would use 1kWh. And a 500 watt appliance would equate to 2kWh, and so on.

It is often thought that it is the amount of Kilowatts used per hour by a premises. This is not the case so be careful not to get mixed up. 

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Costs to bear in mind!

There are quite a few costs to think about when it comes to your business electricity bills. Which is why we have broken it down step by step, 

However the main sum of your business electricity bill will be the standing charge as well as the unit cost.

  • The standing charge accounts for the maintenance cost as well as the transportation costs.
  • the unit cost is the charge for the amount of electricity used in kWh by your business.
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Average business electricity costs for different size businesses

Your business electricity costs will vary depending on the size of your business. This is categorised by the amount of employees that work for your business. Which will therefore affect your average unit cost as well as any standing charges.

Unfortunately, business gas and electricity need separate quotes. Which can then make comparing business energy quotes quite difficult.

Other factors relating to business electricity prices

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Switch business electricity supplier with Bright Utilities

We understand that time is precious, which is why we’ve created our quick and easy online commercial electricity comparison website, to help you compare the best business electricity services on the market.

This offers a straightforward solution to acquiring the cheapest and most competitive quotes available today.

Securing the most cost-effective electricity contract for your business can be far from straightforward. Due to the numerous additional charges recently introduced and the various length of the contracts available, using an electricity broker can alleviate these issues. Especially one which has established a long-term relationship with a wide range of suppliers, meaning they can provide a range of options and offer expert advice on the contract most suited to you.

If your current business energy supplier has given you a high-priced renewal, get in touch with Bright Utilities before going ahead. Having an experienced broker in your corner could help you negotiate a much better business energy deal. We will also handle every last detail of your business energy supplier switch, from all the paperwork to negotiating with energy suppliers. The whole aim is to save your business money and get the best energy deal for your business electricity.

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What to expect when you get a new business electricity deal

Your new supplier will handle much of the changeover once we oversee the agreement of the deal. 

Also bear in mind that a credit score check will take place on your business and finances. This is to ensure that you are a secure and reliable customer to the company, and to prevent any issues further into the deal. It is important to ensure that any overdue bills have been paid, as this could disrupt the deal.

Tariffs available

Why compare business electricity quotes?

The answer is pretty simple really. If you compare business electricity quotes with Bright Utilities, you can save up to 45% on your business electricity bill when you make the switch.

Most business owners are so busy with day to day business management, that they forget how much money there is to be saved. This is because a lot of electricity suppliers will actually raise their prices over time, which a lot of business owners unfortunately accept.

Which is where we come in!

Making efficiencies with business electricity

Lockdowns imposed due to the Covid pandemic have caused a reduction in energy demand. With weekday consumption down an average of 13%.

it is expected that consumption will return to more normal levels. The summer of 2020 was also one of the sunniest and windiest on record, which made it perfect for renewable energy sources to come into play. Now definitely seems to be the time for businesses to invest in renewable energy technology, and begin to generate their own electricity for a more sustainable future.

When it comes to generating your own electricity, solar panels are the easiest thing to install, as wind turbines tend to be more expensive and often require planning permission. Both of these technologies will not only help you to reduce your electricity costs in the long run, but they can also help you to reduce your carbon footprint. Businesses who are committed to sustainability and reducing their carbon footprint tend to be favoured by customers. So these measures could not only reduce your expenses, but also generate new business and therefore additional income.

Sell excess electricity

It may also be possible for your business to sell excess electricity generated to an energy company. Through a power purchase agreement, which could be an additional revenue stream and should be considered an additional benefit installing solar panels or wind turbines.

There are several simple ways of reducing business electricity costs, such as ensuring lights and equipment are switched off when not in use, closing windows to ensure heat is not lost, or installing thermostats to regulate the heating system (in which case windows shouldn’t need to be opened, if the temperature is comfortable). These are all ways to avoid heat energy being wasted.

When considering the electricity consumption of a factory. For example, which might be running 24 hours a day, saving energy by switching off machinery is not an option. There are, however, technologies available which can be used to help reduce the amount of energy machinery needs to use to operate effectively, not only saving energy costs. In many cases extending the life of the equipment or machinery, as it is not operating at full speed or full power all the time. A motor running at 80% speed, for example, uses half as much energy as a motor running at 100% capacity, and will also need less frequent maintenance. If maintenance requires production to stop, then machinery requiring less maintenance is a double benefit to the business, saving the maintenance costs, as well as keeping production and income streams going.

Above all else, to ensure you are not wasting money on business electricity. Make sure that you compare business electricity suppliers to find the right contract for you, as once you have entered into it, you cannot get out until it is over.

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Information & F.A.Q

How much does it cost? Compare business electricity supplier?

You will notice a difference in price between business and domestic electricity supply. Business electricity tends to be cheaper. The main reason for this is that domestic suppliers buy up wholesale energy in advance and then sell it on to their customers. Suppliers will buy for a specific business contract and, once it is agreed, this will alter the price for the customer.

Energy prices change on a daily basis, so the price for business electricity will fluctuate. This is only something you need to consider when negotiating with a new supplier, as the price will then be fixed for the duration of the contract. VAT is also charged at different rates for domestic and business customers. It is 5% for domestic customers and 20% for business customers. If the business is VAT registered, however, this amount can be offset against VAT charged on sales to reduce the amount due to HMRC.

Is business electricity cheaper than domestic?

Domestic electricity and energy means any sort of energy that is used in your home. Whereas business energy, of course. Is energy that is used to power your business, such as an office. 

Although the unit measurements are the same. The two tariffs will be different. 

Business electricity plans tend to be cheaper than domestic rates. This is simply due to the supplier purchasing the electricity in bulk in order to last throughout the contracts duration. However, domestic electricity suppliers will acquire the energy monthly. 

Therefore, since more energy is being purchased at once with business energy plans, this for the most part. Works out to be substantially cheaper than domestic. However, you should be aware of the fact that there can be steeper charges when it comes to things such as VAT.

There is however, relief available if you are a charity/non-profit organisation. This is because you might be able to qualify for a 5% VAT discount.

What are the benefits of business electricity?

In general, the benefits are:

  • Fixed prices, making budgeting more straightforward
  • A longer contract means a less frequent need to compare business electricity and switch suppliers.
  • Business electricity is often cheaper than domestic electricity, as businesses use more.

It is always a good idea to make a business electricity comparison to check the latest prices and ensure you are getting the right deal for you.

How much can I save by switching business electricity suppliers?

At Bright Utilities we work with a wide range of businesses. from small local businesses, all the way up to global corporates. 

No matter the size of your business, with our smart electricity comparison, we are 100% confident in being able to find you a much cheaper deal on your business energy. Although, we are aware that every business is different, even if they are in the same sector. Which is where our knowledge and experience within the energy industry comes into play. 

We can tailor an electricity contract to suit your business perfectly. The savings that you could make could be as massive as 45%, so what are you waiting for?

Would I qualify for a business electricity plan?

If you are running your business from home, it is quite possible that you may qualify. Although, there are certain criteria that must be met. 

Firstly, you will have to prove that you are running you business from home. And then, you will have to prove that more than 50% of your electricity consumption is to power your business.

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Did you know we work with The ITF?

Bright Utilities has been working with the ITF since January 2020 and for every company who switches supplier, Bright Utilities will plant 10 trees with the International Tree Foundation.

One of the oldest environmental organisations in the world, ITF has been pioneering community led forest restoration since 1922. With each donation, ITF will plant ten trees with one of our African partners.

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