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26th July 2022

A Guide To Comparing Cheap Business Electricity Providers

The electricity market has changed drastically over the last decade. New providers have emerged, and many of them focus on providing cheap business electricity. However, it's important that you are making a well-informed decision when comparing these providers. Here are a few factors to keep in mind.

compare cheap electricity

The electricity market has changed drastically over the last decade. New providers have emerged, and many of them focus on providing cheap business electricity. However, it's important that you are making a well-informed decision when comparing these providers. Here are a few factors to keep in mind.

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Woodgrange Laundry

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Decide how much electricity you need to use on a monthly basis.

Before you begin comparing business electricity providers, it's important to know how much electricity you will be using. This can vary greatly depending on the size and location of your business. For example, a large manufacturing plant in an industrial area may consume much more power than a small office with only a few employees located in town.

To figure out how much power your company uses each month, use an online utility bill calculator to estimate how much energy is being used at any given time.

Enter the number of kilowatt-hours (kWh) that are used monthly by all equipment and appliances in your facility—including space conditioning units and refrigerated equipment like freezers or coolers—and then calculate how many kilowatts those devices consume per hour based on their type (for example air conditioner vs refrigerator).

Multiply this number by 24 hours per day for 365 days per year; this will give you an approximate average annual cost for each kWh consumed over several months.

Do your research to find out what's available in your area.

The first step is to check the market. This means looking at the different providers in your area and finding out what they offer. You'll want to see if any of them have a loyalty scheme or if there are any special deals running that can save you money on your monthly bills.

For example, some companies offer free electricity for the first three months or six months—and this could be enough time for you to decide whether switching is right for you or not! You might also want to consider getting quotes from local suppliers who don't charge a setup fee or cancellation penalty on top of their regular prices.

It's important not only to look at all these factors but also to check customer reviews of each energy company before making an informed decision about which one works best with your needs as an employer or business owner (and if there are any issues that other users have faced).

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Start comparing the prices of providers based on your energy usage and needs.

To compare the prices of different providers, you'll need to set up your own energy usage. Once again, our advice is to use an online tool like this one.

  • Use a comparison website: These sites will help you find the best deal for your business and allow you to provide feedback on what was good or bad about each provider. They also make it easier for people who are not tech-savvy to find competitive rates without having to do all of their research themselves.
  • Ask friends and family for recommendations: If there's someone in your network who has recently switched electricity providers or has experience with a variety of options, they may be able to assist with finding cheap business electricity plans as well as navigate some of the technicalities that might be confusing initially (and even after).

Make a list of questions you have for each company.

Next, it's a good idea to make a list of questions you have for each company. This can help you focus on the most important details and avoid missing anything along the way. For example:

  • What does this company offer? Is it energy, natural gas, or both? If so, is there any overlap between my current supplier and the new one in terms of what I'm currently using (i.e., if I choose another provider for my electricity supply but continue using my current one for natural gas)?
  • How do billing cycles work? Do I pay upfront or monthly? Is there an introductory rate followed by a higher rate after that period ends?
  • Are there any add-ons I should know about before signing up with this provider—like bundled services or rewards programs that some providers may offer but not others (such as discounts on home improvements)?

Check their customer satisfaction ratings.

When you're shopping around for a new energy provider, it's important to do your research. One way to ensure that you're getting the best deal possible is by looking up their customer satisfaction ratings.

When choosing an energy company, one of your top considerations should be their customer satisfaction ratings. After all, no matter how much money they may save you on your power bill or other benefits they offer, if customers aren't happy with the service they receive, then it won't matter in the long run.

There are many ways that you can check into this information:

  • Check their website and social media accounts. If there are complaints listed on either site, then it could mean something is going wrong with the business overall and perhaps even why prices are so low – which would defeat the purpose of choosing cheaper rates in the first place!

Before signing a contract, make sure you know what you're getting into.

Reading the contract carefully and making sure that you understand every part of it is critical to ensuring that your business receives the electricity it needs at a fair price. If parts of the contract seem unclear or confusing, ask the provider for clarification. Also, make sure that you are comfortable with all terms of their offer before committing to anything long-term.
compare cheap business electricity

Don't forget about the add-ons, like carbon offsetting and service fees.

When comparing cheap business electricity providers, don't forget the add-ons. Some companies charge extra for their services or carbon offsetting, and others include it in the price they offer. You'll want to make sure that's clear before you sign up with a supplier—and if your business is running on a tight budget, any extra costs could be a deal breaker.

In addition to service fees and carbon offsetting, some businesses leave out things like payments for early termination of contracts or rebates for buying back excess power from renewable energy sources (also known as "renewable energy certificates," or RECs). Be sure to compare apples with apples when making comparisons across suppliers; otherwise, you may end up paying more than expected on your bill every month!

Take advantage of any promotions that may be available.

Every business electricity provider offers its own unique deals, incentives, and discounts. For example, you might find that one company will offer a reduced price on your first month's bill, or another could offer free installation of your new meter. You should therefore take advantage of any promotions that may be available when choosing an energy supplier.

Additionally, some providers have special offers in place at certain times of the year, such as winter months (when demand is higher) or summer months (when temperatures are warmer). It's worth checking if they have any current promotions before committing to them because it can make a big difference when it comes to saving money on your monthly bill.

Comparing cheap business electricity providers is easier than you think!

Here's what you need to do:

  • Make a list of questions for each company. Do they offer a special deal? Is there any fine print? What kind of services do they provide, and how can I use those services in my business?
  • Check their customer satisfaction ratings. These will give you an idea of whether or not people are happy with the service provided by that company, which might make choosing between companies easier.
  • Know what you're getting into! If possible, try calling up one of these companies before signing up so that they can answer any questions that might arise later on down the road (like whether or not their service covers certain areas).

If you're looking for a cost-effective way to power your business, be sure to check out our website. We offer a variety of solutions that will help you find the best supplier and rate for your needs. Our team is dedicated to helping businesses save money on their energy bills, so don't hesitate to get in touch with us today!

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Woodgrange Laundry

5 Stars Rating

2019

Year Joined

£120,000

Total Savings

Voltix Services Ltd

5 Stars Rating

2019

Year Joined

£120,000

Total Savings
Don’t wait any longer!

Want to know how much you could save?

Simply get in touch to let us know a bit about your business and we’ll source quotes from a range of suppliers.

Call our business energy specialists for free right now!

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If you’re looking to switch your company’s energy suppliers, our team here at Compare Business Electricity can help you find the deal that will secure you the biggest savings.
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