How To Compare Business Energy Suppliers?
Whether you are looking to switch your businesses energy supplier, or you are looking for a business energy supplier for a new business. Either way, it is quite a difficult thing to do, especially when you do not know exactly what you are looking for or what the benefits or drawbacks are for the different energy suppliers. Also, the fact that there are now so many different energy suppliers now a days, does not help the search all that much.
But do not fear, this article is going to look at the different business energy suppliers, the top three suppliers and their benefits and drawbacks, the time it takes to switch suppliers, and so much more.
Important things to consider when selecting business energy suppliers
Before you even begin to look at all of the different business energy providers, it is very important to consider the different needs of your business as a whole. This is the very first thing that you should know, simply because it will help you in your search for an energy supplier.
One of the very first things that you should be thinking about is, the size of your business. This includes things such as the size of your office space, and/or the warehouse, or just the building of which your business is located in. You should also look at the number of staff that you employ, because then it will be easier to calculate the energy usage of the business. The annual turnover should also be considered when looking at the size of your business, this is because then it will be easier for the business to then understand how much you will be able to fully see how much the business has to spend on the energy supply.
Another, very important thing that should be considered is how much energy you actually use. This can be found out fairly easy by looking at previous bills, to see exactly how much you spend and how much energy has been used in a single year. Knowing this exact figure will also help your new business energy provider, to give you a much more accurate figure, as to how it will cost. But this may not be an option if you are a new business, then you do not have access to these kinds of figures. Business energy suppliers have experts who are there to help you calculate and estimate of how much energy your business will use.
It is also very important to consider when exactly you are using the electricity. Depending on the time of day that you are using the electricity, this will heavily impact the costs of the energy. For example, if your business only uses electricity during the night-time or the early hours of the morning, then it is more than likely that the costs of the energy will be significantly cheaper than it would be if you use the energy throughout the daytime. Therefore, this is an incredibly important thing to consider.
You should also consider the amount of time that you plan to stay in the specific area that your business is located in. This is due to the fact that, if you do not plan on staying there long-time, or if you are a business that only runs throughout specific seasons (such as summer). You can be offered a short-term contract, rather than a long-term one. This is important because if you do end up needing to move to a different building, then you have the ability to move, without having to worry about trying to get out of a contract. It also gives your business more flexibility to be able to change the contract, and/or to change to a different provider.
Business energy supplier tariffs
After looking at the different things that your business needs, it is then very important for you to consider and compare the different electricity tariffs. This will then help you to decide on one that will work the best with your business.
When looking at all of the different tariffs it is also very important for the business to know that the majority of business energy suppliers do not offer gas and electricity within the same contract. You will usually have to get these separately, so if having these together is something that is important to you, then you may have to look at whether or not the business energy suppliers offer this before looking at anything else. It is also important to note that some energy suppliers will offer discounts when the bills are paid by direct debit. So, if you are looking to save as much money as possible then that is something you may want to consider.
However, just like most other things that go along with business energy, there are also so many different options to choose from, in terms of tariffs.
One of these options is the fixed-rate tariff. This simply means that the cost of the electricity, will remain the same throughout the entirety of your contract. This is probably one of the best options, because it means that you do not have to worry about possible changes to the cost, and therefore you do not have to worry about whether or not your business can afford it, if the price were to change.
Another, tariff is a flexible tariff. This is also another popular one amongst businesses, because with this type of tariff you buy the energy in bulk up front, before you even use it. So therefore, like with a fixed-rate tariff, you do not have to worry about any changes in costs. This is typically the option that businesses go for when their energy bills are high.
An extended tariff is something that is available to businesses. This tariff will allow the business to extend the length of a tariff that has already been put in place and agreed upon with the supplier and the business.
A smart-metre tariff is also a widely popular tariff that is used amongst businesses. This is because by using a smart metre, your energy usage is monitored (every thirty minutes) by the energy company. This will then create a more accurate reading as to how much energy your business uses and will then, in turn, help to create a much more accurate cost for the energy bill.
Another option is an eco-friendly tariff. This is where the energy that is used by the business comes from green sources, such as solar power and wind farms. Not only is this option better for the environment, and can be the cheaper option, but using this tariff, it can also help your business to earn money through energy usage. This can be done by the business generating its own green energy, and then sell it back to the business’s energy supplier. This is also known as the feed in tariff. Where you get paid for each unit of electricity that your business generates.
A multi-site tariff is also something that is available to businesses. This tariff is probably used mostly by businesses who have more than one location. As this allows you to have the energy supplied by the same company, in each location. Therefore, it is less troubling for a business owner, as it allows them to stick with just one company, rather than having to find a different company for each building.
Who are the main UK business energy suppliers?
There are so many different business energy suppliers based within the United Kingdom. This can make the decision as to which supplier you should go with, a lot harder and can even be more intimidating than it has to be. Simply because they all offer similar things, but also at the same time they are so different, and they all have different benefits. So, it can be very difficult to actually differentiate the suppliers and decide which one will be the best one for you and your business.
But this also may be the first time that you have looked for a business energy supplier, so let us take a brief look at all of the different suppliers that are located within the United Kingdom.
- British Gas Business
- Contract Natural Gas (CNG)
- Corona Energy
- DONG Energy
- Npower for Business
- Dual Energy
- EDF Energy
- Scottish and Southern Energy (SSE)
- Haven Power
- Opus Energy
The top 3 business energy suppliers
Within the UK, there are so many different business energy suppliers, and this can make it very hard to choose between them all. Let us take a look at the top three suppliers, and what the pros and cons are of using these specific suppliers.
British Gas is one of the UK’s first gas and electricity providers. As a result of this, many businesses turn to them to supply their energy. There are also many different pros and cons of using British Gas as an energy supplier for your business.
One of the main pros that will come from using them is the fact that they have amazing customer service. This is a very important factor to consider as a business, when looking for a new energy provider. As you will be ensured that you will receive the help that you need if there are concerns that need to be raised, or if something goes wrong. Another pro to using British Gas is the fact that they are one of the, if not the best when it comes to providing environmentally friendly energy. This is something that is especially significant in this day and age, when protecting the environment is becoming increasingly important. It may also give your business a better reputation, by using greener energy supplies, as it shows that you care for the environment.
However, along with the pros, there are also some significant cons to using British Gas. One of the main cons of using British Gas is the fact that they are low value for money. Especially if you want to get out of the contract then it means that you have to pay a hefty fee to do so. Which is something that you need to consider. Another con is that they have a high number of complaints, which is normally a red flag, especially when you are entering contracts that are expensive to get out of.
E.ON Energy is another very popular business energy supplier within the UK. They are well known for their very high ratings in regard to their bill accuracy. This is a very important thing, because cost is important, so you will most likely want to go with a supplier that has accurate bills, to ensure that you are not being over charged. Also, with E.ON, they work quickly to resolve concerns received from their customers. Their average response time to complaints is around 8 weeks, which is fairly quick compared to other providers.
However, it is also very important for you to consider that E.ON are known to be quite slow in responding their complaints. Another important thing to notes is that they do no show their different tariffs online, nor can you get a quote through their online portal. The only way to do these things is to call them up, so if you are looking for an energy provider that has easy access to certain things through their website, then this may not be the one of you.
Scottish Power is another very popular business energy provider, and there is good reason for this. They have a very good reputation in having quick responses to most queries raised by customers, this is thanks to their live chat feature. It allows people talk directly to a member of staff to help get their issues resolved.
Despite this, they are known to have long waiting times, when trying to call them on the phone. Which can be an issue if you need to contact them quickly. However, it is not the end of the world, because if you cannot get a hold of them by phone, then you have the option to use the live chat feature to contact them. So there are ways around the issues, which cannot be said for most other providers.
How long does it take to switch business energy suppliers?
Switching to a different business energy supplier can take a considerable amount of time, this can range from four to six weeks. This is simply the average time that it can take. There are so many different variables that can either make the switch happen so much faster, or they can make the process of switching a lot slower.
Something that can make the process of switching to a different business energy supplier, is if your business is still in a contract with another supplier.
To avoid this, you should part ways with your previous supplier, and ensure that the contract has ended for you to then be able to make a smooth transition to the new business energy provider.
Business energy comparison site
However, if you do not have the time to do all of this research, or you simply do not want to then you can use a business energy comparison site. These sites will do most of the work for you so that you do not have to do so much research. However, it is still a good idea (if you have the time and/or energy to do so), because this will allow you to understand it all a little better. Simply because you will know exactly what certain things mean and how they can benefit your business specifically.
But, businesses comparison sites can make it so much quicker and simpler for you to compare and contrast the different prices of the energy, all without having to know everything that there is to know about energy suppliers. As they take all of the latest prices that the business energy suppliers are offering and put them into one place so that you can easily see them beside one another. Therefore, you do not have to do this step by yourself, as the best price will be presented to you in a very clear and simple way.
Not only do they make the choice a lot easier for you. Comparison websites also have very simple processes to get a hold of the information; and one of the best websites to use, to help compare business suppliers and their pros, cons, and their costs, is compareyourbusinesscosts.co.uk.
To begin the comparison process, simply head over to this page: https://compareyourbusinesscosts.co.uk/compare-gas-electricity-prices#main
From here it is a very simple process.
You just have to fill out an online form. With information such as your current suppliers’ details, your businesses postcode, the amount of energy that you currently use. Once that is complete, you will then receive an email that includes the different quotes that you will allow you to clearly see which is the cheapest offer for you; but also which company is the best one for you to choose from.
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