How to Compare Business Electricity Providers

Gather information about your current business electricity use.

To compare business electricity providers and get the best deal, you need to know how much electricity your business is currently using. You can do this by requesting a meter be installed at your premises.

You can also ask your current supplier for a statement of use (SOU). This will tell you how much energy you’ve used over a set period, as well as give details about any special conditions like late payment fees or supply interruption costs that may apply.

If you don’t have access to either of these methods but would still like

to get an idea of what’s going on with your current usage, it may be worth getting an electrician out who will be able to install a metering device that’ll help give an accurate picture.

Set a budget for your business electricity.

It’s important to set a budget for yourself before you start researching business electricity plans. You should estimate how much money your business needs each month and then divide that by 30. That will give you the amount of money that you need to save each month to be able to pay for all of the bills when they come out.

As we’ve discussed above, finding affordable electricity is not always easy, but it doesn’t have to be complicated either. If you use these tips and tricks, then finding affordable electricity should be easier than ever before.

Decide whether you want a fixed-term or a flexible plan.

Once you’ve decided to find the best business compare electricity rates UK-wide, you’ll need to decide whether you want a fixed-term or flexible plan.

Fixed-term plans have a set rate for a set period (usually 12 months). If your business has predictable usage patterns and knows its energy consumption in advance, then these types of plans are ideal.

Flexible plans have variable rates that change depending on the market price of electricity at any given time throughout the year. If your business uses more power during certain times of the year or needs more flexibility in terms of when payments are made each month, then flexible plans may be best for your business needs.

Find out how your business will be charged by each supplier.

• Find out how you’ll be charged.
• Learn about the different charges for different times of the day and year.
• Check to see how the price of electricity fluctuates in your area and whether there is a minimum charge.

Decide on the type of supply you need.

To help you compare business electricity providers, we’ve broken down the different types of supply options available.

• Fixed-term plans - These are for businesses that know what their electricity usage will be for a set period. If you’re planning to expand or renovate in the future, this is likely not the right option as it’ll lock you into a higher price than if you had just gone with a flexible plan.
• Flexible plans - These allow your business to switch suppliers at any time (as long as they’re on your network), so they’re good if there’s some uncertainty around how much power your business will use in a given month or quarter. However, they may

Being prepared and doing research is key

The process of switching energy providers is a bit like a journey. You start not knowing where you’re going, but by the time you reach your destination, you will have a better understanding of what it takes to get there. In short: being prepared and doing research is key.

Of course, the first step in making this journey is researching your options—but don’t overlook what’s already at hand! The more knowledge and information you have about the market, the better your outcome will be. After all, understanding why certain providers are more attractive than others can help guide your choices along the way (and perhaps even make them easier).