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Compare business energy quotes
Businesses use more energy than the average household, and so providing for energy costs can eat significantly into a company’s overheads. Businesses also require specialist customer support. If the power goes out at an office or an off-licence, it will directly impact on what work can be done and business costs.
Energy rates are constantly changing, so companies should regularly compare business energy rates and switch to the best possible deals. Suppliers are no longer allowed to lock businesses into automatic rollover contracts, where they cannot charge exit fees or include a sneaky no-exit clause. It has never been easier to switch business energy supplier.
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IT'S NEVER BEEN SO EASY!
Switch in 3 simple steps
A few details
Grab a copy of your latest business energy bill. Make a note of your supplier and the amount of energy you use.
Compare in 60 seconds
Compare prices in 60 seconds with our smart online quick quote section with over 30 suppliers on our panel.
Confirm and save
Once you confirm, we'll notify your new supplier for you. Leaving you free to run your business and enjoy the saving.
LETS GET YOU INFORMED!
To start the comparison process, you should have the following information to hand:
– A recent energy bill
– Business registration information
– MPAN and MPRN numbers from a bill or meter
– The end date for your current contract
– The date of your switching window
This means that an energy comparison service can look at the market to find the tariff that suits your needs best. All you need to do is choose one. The new energy supplier will take care of the minor details and make the arrangements for the switch.
Why compare business energy quotes?
The answer is quite simple really. If you compare business energy quotes through Bright Utilities, you can save up to 45% on your business energy 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 energy suppliers will actually hike up their prices over time, which a lot of business owners unfortunately accept.
Which is where we come in!
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.
Annual usage: 5,000-15,000 kWh
Unit cost: 14.4p – 15.9p per kWh
Standing charge: (Tariff dependent) 23p – 29p
Average annual cost: £900 – £2,244
Annual usage: 15,000 – 25,000 kWh
Unit cost: 14.3p – 15.1p per kWh
Standing charge: (Tariff dependent) 23p – 28p
Average annual cost: £2,367 – £3,660
Annual Usage: 25,000 – 50,000 kWh
Unit cost: 14.3 – 14.7p per kWh
Standing charge: (Tariff dependent) 23p-27p
Average annual cost: £3,774 – £7,234
Businesses, with 250 or more employees, as well as those with high energy consumption are billed differently to smaller, less energy demanding businesses.
However, the average unit cost (kWh) as well as standing charges tends to be cheaper than smaller business operations. This is due to the sheer amount of energy that the business will consume.
Standing charge: (Tariff dependent)
Costs to bear in mind!
There are quite a few costs to think about when it comes to your business energy bills. Which is why we have broken it down step by step,
However the main sum of your business energy 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 energy used in kWh by your business.
Average business energy costs for different size businesses
Your business energy 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 energy prices
Location of business
Business energy costs can vary from location to location. This is simply because of factors out of your control, such as the distance from your business to your suppliers base of operations. This is because the energy transmission costs will be higher. Lack of certain resources in certain areas can also contribute to higher business energy costs.
Key differences between commercial and domestic energy
There are a couple of differences between business and domestic energy agreements.
The main differences for businesses being that you can’t choose from a set tariff like you would be able to with a domestic switch.
Instead, you will have to contract suppliers individually and discuss their rates.
However, this does in fact mean that you will be able to get a bespoke business energy contract. However, it is a lot of legwork for an already busy business.
Which is where Bright Utilities comes in!
We specialise in business energy. On your behalf we will scour the market for the best possible business energy deal for you with potential savings on your energy bill of up to 45%.
When you enter a business energy agreement, you should be aware of the fact that they tend to be longer than domestic contracts. These contracts can run for up to 5 years. However, renewal windows may possibly apply to your agreement. This means that you may only be able to get a new supplier contract during this specified time period.
Of course, before making any sort of business energy agreement. It is extremely important that you are aware of everything the contract contains. This is paramount because there is no period (known as a ‘cooling off period’) where you can cancel your contract without paying a fee. For the most part, domestic contracts allow you to cancel your contract within the first 14 days. However, this is non existent with commercial energy contracts.
WE CAN GET YOU THE BEST DEAL!
Switch business energy supplier with Bright Utilities
We understand that time is precious, which is why we’ve created our quick and easy online commercial energy comparison website, to help you compare the best business energy services on the market.
This offers a straightforward solution to acquiring the cheapest and most competitive quotes available today.
Securing the most cost-effective energy 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 energy 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 energy when you make the switch.
What to expect when you get a new business energy 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
Fixed rate
The rate per kWh remains the same throughout the duration of the contract, and will not fluctuate with relation to market trends. Once your contract is signed, you are set with that rate. This is a very popular option.
Variable-rate contracts
The rate per kWh may fluctuate based on market trends and activity.
Deemed rate
A deemed rate contract occurs when you let your current contract run out without renewing it. It is advised to avoid doing this as you may be charged inflated fees. It is important to reach a contract agreement as soon as possible so as to avoid paying much of the deemed rates. In saying that, do not rush into a deal which isn’t right for you.
Rolling contract
A rolling contract is a yearly contract at inflated rates, which is quite uncommon these days, as deemed rate tariffs are the better option for owners who have let their contract expire. It is possible to negotiate a better rate on your rolling contract by agreeing to extending it to more than a year.
WE ARE HERE TO HELP!
Information & F.A.Q
INTERNATIONAL TREE FOUNDATION
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.
