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24th February 2023

Comparing business electricity prices to reduce electrical bills

High electricity bills can be a major burden on any business. Fortunately, there are ways to reduce your electricity costs by comparing different business electricity rates. Understanding the differences between different energy providers' pricing plans and shopping around for the right deal can save you money each month and make your business more profitable. Let’s discuss how to compare electricity prices and find the plan that works best for you.

compare business electricity

High electricity bills can be a major burden on any business. Fortunately, there are ways to reduce your electricity costs by comparing different business electricity rates. Understanding the differences between different energy providers' pricing plans and shopping around for the right deal can save you money each month and make your business more profitable. Let’s discuss how to compare electricity prices and find the plan that works best for you.

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Research your energy provider’s rates and plans

The first step in comparing business electricity is to research your energy provider’s rates and plans. Contact them directly or visit their website to learn about the various plans they offer. Compare the prices of each plan so that you have an understanding of what options are available. Some energy providers may also offer discounts for signing up online or if you commit to a long-term contract with them, so be sure to ask about those too!

Shop around for different providers

Once you understand what plans are offered by your current provider, it’s time to shop around for other providers. Many websites allow you to compare business electricity prices from multiple companies at once, making it easy to quickly find the right deal available. Be sure to read through all of the fine print associated with each plan before making a decision, as some companies may charge additional fees or have restrictions on usage that could impact your bottom line.

Sign up for the best plan

Once you’ve taken the time to research and compare different business electricity plans, it’s time to sign up for the one that works best for you. Don’t be afraid to negotiate with energy providers if their initial pricing isn’t within range of what you were hoping for – most companies will work with customers who are actively seeking lower rates! And remember – signing up for a longer-term contract may result in even more savings down the line!

Comparing business electricity prices can be a great way for any company looking to save money on its monthly bills while still getting reliable power service. Researching rates from different providers, shopping around for deals, negotiating when needed, and signing up for longer-term contracts can all help reduce your electrical bills significantly over time. Taking these simple steps now can ensure that your business stays profitable well into the future!

We will continue to post updates on the latest news and trends in the electricity industry in our blogs, so please stay tuned!

We continually add new information about the latest news and trends in the industry and will keep updating our pages. If you enjoyed reading this Compare Business Electricity blog post, check out another one here: How comparing business electricity rates can help save the planet 

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Find the right deals on business electricity contracts by getting in touch with us!

We know how challenging it can be to manage the day-to-day operations of your business while keeping abreast of the latest changes in energy prices.

That's why Compare Business Electricity is dedicated to providing you with the information, guidance and support you need to make informed decisions about your energy supply contracts.

Our company has a lot of experience in the industry and we are capable of coming up with solutions that are unique to your situation. Because we have all the tools and resources at our disposal, you do not need to worry about anything. Simply contact us on 01274 081 070 or email us at hello@comparebusinesselectricity.uk if you have any questions.

We make comparing business electricity prices easy at Compare Business Electricity!

You can use Compare Business Electricity to easily compare business electricity prices in your area and find the best rate for your needs. We do this by comparing electricity providers, allowing you to decide which provider offers the best rate for your business.

In our opinion, businesses should be empowered with information that they can trust, so we only work with companies that our team of experts has vetted and deemed legitimate. Our company believes that it is very important to make decision-making easy for our customers as well. So you don't have to put in the hard work, we've done that for you.

Here is everything you need to know about business electricity!

Is the most common use of electricity in a business its lighting?

It is estimated that a business consumes between 50 and 82 percent of its electricity through heating, cooling, and lighting.

Heating and cooling can account for more than half of a business's electricity use, so it's important to ensure that your heating system and HVAC system, if you have one, are energy-efficient. Lighting is also one of the most energy-intensive items in your business, so it is a good practice to use LED bulbs and fixtures whenever possible.

How much electricity does a business use per month?

According to the size of the business and how much electricity it consumes, this will vary. As an example, a small business might use as little as 500 kilowatt hours every month, while a larger business could consume as much as 100,000-kilowatt hours in a month.

Business owners can generally expect their energy usage to increase during the winter months when the majority of the company's energy is used for heating and lighting purposes, and to decrease during the summer months when there’s less need for these appliances.

Is the cost of electricity for businesses higher than it is for consumers?

In most cases, yes. Due to their greater use of electricity, businesses, on the whole, have to pay more for their electricity compared to households.

The reason for this is that businesses have larger spaces that need to be heated or cooled as well as more equipment that requires electricity. There is also a tendency for businesses to operate during peak hours when electricity rates are the highest.

Who is the cheapest energy supplier in the UK?

In the UK, there is no single cheapest energy provider. You will find that your energy price varies according to your location, the type of energy you use, and how much you consume.

However, there are still several ways to reduce your energy expenses and thereby reduce your bills. One of the options is to switch to a cheaper energy provider. It is our goal at Compare Business Electricity to help you find the right supplier to meet your needs. We will handle all the hard work for you, comparing prices and tariffs across several utility companies.

Is it better to have a fixed energy rate or to have a variable energy rate?

If you're wondering what is right for your business, there is no one-size-fits-all answer as to whether you should opt for fixed or variable energy, as it depends on the needs of your business. In making this decision, however, it is important to consider some of the following factors. The advantages of fixed energy include a more predictable monthly bill for businesses on a strict budget, which can be very helpful. On the other hand, depending on whether the market allows it or not, businesses with variable energy can take advantage of falling energy prices in the long run, which may allow them to save money.

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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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