Ask for a quote
The best way to get the cheapest electricity deal is to ask for quotes from several different providers.
This works because a provider will send you an offer, and you then compare that offer with competing offers from other providers. You can usually find these deals online or by calling your current electricity supplier and asking if they have any offers available for new customers.
Pay a fixed rate
A fixed rate is a rate that does not change over the life of your contract, so you know exactly what your electricity will cost you. Fixed rates are good for businesses that don't want to worry about rising electricity costs.
A small business with low monthly usage might find a fixed rate attractive because it can lock in lower costs per kilowatt-hour (kWh) over an extended period of time. For instance, if your business uses 1,000 kWh per month and you sign up for a 12-month fixed-rate plan at £0.13/kWh (the national average), you would pay £130 per month compared with the current national average of around £130 per month without any locked-in savings.
Lock in economical rates
Lock in economical rates if you know your business will use a lot of energy. If you're worried that the price of electricity will rise, locking in a particular rate for at least 12 months will help protect against potential increases. The longer you lock in the rate, the further back your protection reaches – so if you can lock in a 36-month agreement with no exit fees, then it might be worth paying slightly more than what other businesses are paying for their electricity.
Consider alternative payment plans. Some companies offer discounts if customers agree to pay their bills on an automatic debit or spread out payments over time (usually 24 months). This means that all of your bills would need to be paid within 24 months instead of being paid off at once and makes it easier to budget expenses each month as long as there isn't any risk involved with taking on debt like this (e.g., interest timescale).
Take a peek around
Another step in getting the best business electricity quotes is taking a look around. You want to see what's available, what your competitors are doing, your customers, suppliers, and other businesses in your industry. This will help you get an idea of how much you can expect to pay for electricity and give you an idea of where the market is headed.
In addition to looking at the market itself, businesses need to keep tabs on any changes happening within the political climate that may affect their bottom line. For example:
If there is a change in tax rates or regulations affecting energy prices – this could lead directly to higher utility bills which would mean either passing along those costs to consumers or absorbing them themselves (which can impact profits).
A change in tax rate would also mean that businesses have less money available every year – which could make it harder for them to afford things like new technology or training programs needed by employees who want more specialised skill sets, so they're ready when needed by employers; all factors which ultimately influence whether companies will stay open long enough for people looking for work opportunities at companies like yours!
Shop around
You should get quotes from at least a few different suppliers, or even more if you have time. It's important to shop around and compare services and prices because there can be big differences between companies.
Don't just go with the first quote you get! Don't assume you know what you are getting or that it's the best deal available. Just because one company offers electricity at a low price doesn't mean they will provide excellent service—and vice versa.
Most people make this mistake when they sign on as new customers: they choose their supplier based on price alone without doing any research beforehand to see which ones offer better value for money over time.
When it comes down to it, though: no matter how good your chosen energy provider looks now, they may not always be there tomorrow if something unexpected changes in their business model (like rising costs).
In short: don't assume anything when shopping around for an electricity plan—do some research first so that when someone asks why their bill went up so much last month after signing up with another provider last month, You'll have an answer ready!
Negotiate the price
Negotiating with your current supplier is the first step to getting the best business electricity quotes. You can do this through a phone call or an email, but it's best if you do it in person. Your energy supplier will often be more willing to negotiate when they're face-to-face with you, especially if they know how much revenue you bring in each month. If this proves unsuccessful, try negotiating with new suppliers (like those listed above).
Many of these providers offer generous incentives for switching companies, including free installation and even cash back or gift certificates! If that fails too, then try negotiating with energy brokers and comparison sites; they work by comparing different gas and electric suppliers' offers so that you don't have to go through all that legwork on your own—and since they have access to deals from all over the country at once (or even internationally), they may be able to come up with something better than what any one company would offer separately (but not necessarily better than what two or three companies could get together).
Use an energy broker
There are many reasons why you should use an energy broker.
First, they're independent and not tied to any supplier, so they can help you find the best deals for your business.
Secondly, they'll only work with suppliers that meet their strict customer service and reliability criteria.
Thirdly, they have experience in working with businesses of all sizes, so even if your business is new or small, it doesn't matter because they'll still be able to find the right deal for your needs.
Fourthly (and finally), energy brokers will do all the hard work for you! They'll take care of everything from start to finish - including getting quotes from suppliers and making sure those quotes are accurate before sending them over for approval.
You can get the most out of your business electricity quotes by asking for the best prices and negotiating.
Consider how much it would cost to run your business on different sources of energy. The cost of electricity compared to other energy sources is a good place to start, but you should also consider the overall financials of running a business in your area.
For example, if natural gas is incredibly cheap in your area because there's an abundance of it nearby, but diesel fuel costs more than four times as much per gallon as natural gas does (based on current prices), moving from diesel or gasoline-powered equipment to using electric motors may help cut costs.
If you're looking for the best business electricity quotes, Compare Business Electricity can help. We have access to deals from all over the country and work with only the most reputable suppliers, so you can be sure that you're getting the best possible rates. Contact us today to get started!
