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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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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.
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.
Fixed term contracts
The rate per kWh remains the same throughout the duration of the contract. Your monthly costs will still fluctuate depending on your energy usage.
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.
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!
SAVE AN AVERAGE OF 40%
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:
Average usage per year: 8,000 kWh
Price per kWh: 16.74p
WE CAN GET YOU THE BEST DEAL!
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.
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
Nature of business
The figures are subjective to the nature of the business, as well as what equipment or appliances are used within it. The only way to truly get an accurate estimate is to request an energy audit on your premises. Many suppliers offer this service for free.
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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.