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Compare commercial energy

Make an online commercial energy comparison & see how much you could save in 60 seconds.

Compare commercial energy

Whether you are the procurement manager of a PLC or running your own micro business, getting the right energy supplier for your company can be a time-consuming task. Here at Bright Utilities, we aim to take the stress out of the exercise and do most of the work for you when you compare commercial energy.

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Grab a copy of your latest business energy bill. Make a note of your supplier and the amount of energy you use.

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Commercial energy

As the cost of commercial energy rises, the chances that you are paying too much for your business energy are becoming more likely. As this becomes a growing economical issue – there is no better time to act than now. 

Switching suppliers will allow you to assess the market, and cut your energy bills by quite unbelievable percentages. Once you realise just how much you can save, you will only wonder why you didn’t look at your commercial energy sooner. 

Firstly, we will explain a little more about the ins and outs of commercial energy to inform you on all of the important things to know, and assist with switching suppliers. 

Let’s begin with the metrics of it all.

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business energy comparison, pylon

Kilowatt hours (kWh) explained

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!

Types of commercial energy contracts

Here is a brief description of each type of commercial energy contract available, to help you make sure that you are choosing the correct one.

What if my contract runs out?

You will be notified within more than enough time to prepare for a supplier renewal or switch as your contract approaches expiration. However, if it does run out, then 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. If you are in a hurry, you can contact a broker such as us, to help with your situation.

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business energy comparison

What to expect when you get a new commercial 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. 

Unless you are switching to a different means of electricity use (such as more renewable energy options), there will be no need for any installation. So there won’t be any workers turning up to your premises disrupting the work!

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Average commercial energy costs for different size businesses

A business is classified with relation to how many employees work for it. The researched statistics below show the average usage and rates for each sized business over the past year:

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Key differences between commercial and domestic energy

If you are used to switching suppliers for domestic energy, then it is important to be aware of a few differences between commercial and domestic agreements so as to avoid any confusion:

Domestic energy has the benefit of a price cap, protecting their bills should the cost surpass this limit. Commercial energy however, does not. There is a limitless cost on commercial energy, and a

With relation to costs, it is quite an open book as to whether commercial energy is cheaper than domestic energy per kWh. A lot of it depends on the size of the business. A large business (250+ employees) will tend to pay less per kWh, due to the amount of energy being used. This will reduce the cost as a wholesale figure. 

When you enter a commercial energy agreement, you can expect it to be somewhat longer than a domestic contract. Sometimes up to five years. Renewal windows may also apply, which means that you are only permitted to negotiate a new supplier contract until this window opens. 

Ahead of agreeing to any terms, it is essential that you are absolutely sure of the contract that you are agreeing to. This is because there is no period (known as a ‘cooling off period’) where you can cancel your contract with no penalty. Most domestic contracts come with a 14 day cooling off period, but there is none with a commercial energy contract.

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A commercial energy comparison explained

Making a comparison of your energy costs can be a confusing affair, particularly since you will have to carry out the exercise twice, comparing both gas and electricity consumption and the rates you are paying for both. There may also be a standing charge applicable which reflects the suppliers’ overheads in delivering the energy to your premises.

Both gas and electricity are charged at a tariff which relates to the consumption of energy by the customer, and this is measured in Kilowatt hours (kWh). A look at your invoice will reveal what your consumption was for the previous billing period, and there will also be information on how much you are currently being charged for each kWh used. With this information to hand, you can make a comparison with the deals on offer from alternative suppliers.

We have over 30 suppliers to compare with, and can show you the savings you can make in just 60 seconds.

Factors relating to cost

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Information & F.A.Q

What is a commercial energy comparison?

Energy is a significant cost in all businesses, and, just like any other supply, it should be monitored constantly. This means that you should look at what other suppliers have on offer when your current contract is coming to an end.

The terms and conditions of your current contract will tell you when you can terminate your existing arrangement and move to another company. This switching window will be available at any time up to six months before the end of the agreement. You should put this date in your diary and prepare to make a comparison of your existing costs with what is available from other suppliers.

Generally, dual energy deals are not available for business energy, and although some energy companies will offer them, unlike domestic deals, it is not always the cheapest option. Accordingly, you will have to compare electricity and gas supplies separately if you use both.

Here at Bright Utilities we can do most of this work for you and make sure that you have the best deal available, and one that is also suited to your needs. Also have a customer enquiry service which is designed to ensure peace of mind.

How do I compare commercial energy?

The starting point follows on from the issues we have considered above. You will have to look closely at the different deals on offer from each supplier and note the cost of each kWh relative to each energy provider.

This price is deduced by the supplier by examining various aspects of your business, including credit worthiness, the nature of the business, and your location. Remember that suppliers are under no legal duty to provide energy to your business this why it is best to compare commercial energy.

Some companies may offer other incentives such as their green credentials, and this may be important to you if it fits with your own corporate ethos. Bright Utilities have joined forces with the International Tree Foundation and undertake to plant ten trees when you switch suppliers using us.

What to look out for when you compare commercial energy providers?

There are simple things to look out for when switching supplier. Some more complex ones which are often buried in the small print of the contract you are about to enter into.

The simple ones include a like-minded supplier. As mentioned above we access companies who supply energy from renewable sources if this is your preferred option.

Always check to see if your standing charge is set to go up as your tariff goes down.

A dual fuel deal from one supplier may not always be the cheapest option.Since either the gas or electricity tariff may be higher than those available elsewhere.

Make sure you have the best length of contract, because the longer the contract. You more likely your unit charge will increase during its period, although any standing charge may fall.

Always remember that you will most likely be paying 20% VAT on your bills. Opposed to the 5% applicable to domestic customers, and that all businesses pay the Climate Change Levy on both gas and electricity bills.

Keep an eye on the cost of any maintenance and care plan which may be bundled into your supply contract.

If all, or any, of the above factors make the idea of switching supplier seem daunting or time consuming. Why not get in touch with us today and let us guide you to cheaper business energy.

Should I compare commercial energy?

This may sound daunting and time consuming, and this is often the reason companies do not undertake a comparison. The danger of adopting this approach is that energy companies do not usually operate a loyalty scheme rewarding you with lower tariffs for staying with them. Not only that, but an analysis of your past bills may reveal that you have allowed yourself and your company to be rolled over onto higher rates over a period of time.

The savings available may surprise you, and may include reductions of up to 45%, so it is always a good idea to carry out this kind of market comparison.

Does the size of my company affect a commercial energy comparison?

The answer to this question is yes. Different rates are commonly available for different sized companies based on workforce and consumption. A medium sized company can expect to pay around 4.3p per kWh for gas and 14.3p for electricity on average. Rates for small companies are up to 0.5p for gas and 0.15 for electricity.

Ofgem, the regulatory body, have introduced a new tier with the concept of micro business with a turnover under £2m and less than ten employees. A company also qualifies to join this group if gas usage is below 293,000kWh, or electricity less than 100,000kWh. These companies can expect to access a tariff slightly less than that applicable to small businesses.

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.

international tree foundation

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