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2nd March 2023

Maximising your business's bottom line: How to choose the right electricity provider

As a business owner, one of the most important decisions you can make is selecting an electricity provider. When it comes to running your business, the cost of energy can have a huge impact on your bottom line. That’s why it’s important to compare business electricity prices and take the time to select the right provider for your needs.

compare business electricity prices

As a business owner, one of the most important decisions you can make is selecting an electricity provider. When it comes to running your business, the cost of energy can have a huge impact on your bottom line. That’s why it’s important to compare business electricity prices and take the time to select the right provider for your needs.

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Price

When you are comparing business electricity prices, price is one of the biggest factors to take into consideration. Be sure to compare different providers and their rates so that you can find one that works for your budget. Additionally, look for providers with fixed-rate plans that lock in your rate for a certain period of time; this will help ensure that your costs remain consistent over time.

Customer Service

Another important factor to consider is customer service. You want to be sure that you choose a provider with excellent customer service, especially if you ever need assistance or have questions about your bill or account. Read customer reviews and look at social media accounts to gauge customer feedback before committing to any particular provider.

Renewable energy options

If sustainability is important to your company, look for providers who offer renewable energy options like solar or wind power. This will allow you to take advantage of green energy sources while also supporting renewable energy initiatives. It is a good way to reduce your carbon footprint and contribute to a greener future.

Choosing the right electric provider is an important decision for any business owner. Comparing business electricity prices helps ensure that you get the best deal possible while also giving you access to reliable customer service and sustainable energy options. Make sure you do your research and select an electric provider who meets all of your needs!

Avoiding common failures when comparing business electricity prices

And because selecting the right electric provider for your business is crucial for keeping costs down and ensuring reliable service, it's important to avoid common failures when comparing business electricity prices. Here are some key failures to watch out for:

  • Failing to compare prices from different providers and their rates, which could result in overpaying for electricity.
  • Not considering fixed-rate plans that lock in a consistent rate over time, which can lead to fluctuating costs and budget uncertainty.
  • Ignoring customer service when selecting a provider, which could result in poor assistance and communication if issues arise.
  • Not considering renewable energy options offered by providers could limit a company's ability to reduce its carbon footprint and support sustainable energy initiatives.
  • Failing to read customer reviews and gauge feedback from other customers. This can lead to selecting a provider that has poor customer service.

Find out how you can get the best deals when it comes to business electricity contracts!

We know how stressful it can be to manage the running of your business while also keeping track of the latest changes in energy pricing.

That's why Compare Business Electricity is dedicated to providing you with any information you may need to make informed decisions about your energy supply contracts so that you can make the most informed decision possible.

Due to our expertise in the industry, you can feel confident that we will be able to find a solution that best fits your requirements. All that you have to do is to call us at 01274081070 or email us at hello@comparebusinesselectricity.uk, and we'll be able to assist you with all the tools and resources we have available.

See more of our blog posts for updates on the latest trends and news in the electricity sector!

We hope you enjoyed reading this electricity blog and would like to read another one here Compare business electricity providers in the UK. We continually add new information about the latest news and trends in the industry and will keep updating our pages.

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The complete guide to business electricity  -  Everything you need to know

When it comes to businesses, what is the biggest consumer of electricity?

Heating, cooling, and lighting are a business's three biggest electricity consumers.

In a business setting, heating and cooling can account for more than half of the electricity consumed, so it is important that your heating system as well as your HVAC system, if you have one, are energy-efficient; this can reduce your business's energy bills as well. In addition, lighting is a major electricity consumer, so you should also use LED bulbs and fixtures wherever possible.

How much electricity does a business use per month?

As for how much electricity is consumed by your business, it will depend on its size and how much electricity it uses. As an illustration, a small business might consume 500-kilowatt hours per month, while a larger business might consume up to 100,000-kilowatt hours per month.

Businesses may be expected to experience an increase in their energy usage during the winter months when they are using a greater amount of electricity for things like heating and lighting in comparison to the summer months when they will be using a much smaller amount of electricity to power these resources.

What is the cost of electricity for businesses?

As a matter of fact, yes, for the most part. Because businesses typically use more electricity than households, they need to pay more than individuals do.

Moreover, businesses have larger spaces that need to be heated or cooled, and they have a greater number of machines that require power to operate. There is also a tendency for businesses to operate during peak hours when electricity rates tend to be higher as well.

In the UK, which energy company offers the best deal on energy?

There is no single cheapest energy supplier in the UK. Energy prices vary depending on your location, the type of energy you use, and how much you use.

That being said, there are several ways to reduce your energy costs. You can do this by switching your energy provider to one that offers lower energy rates. Compare Business Electricity can help you find the right supplier for your business electricity needs. By comparing prices and tariffs from different utility companies, we will do the hard work for you, so you don't have to do anything.

Which type of energy is best for your business: fixed or variable energy?

This question does not have a set answer, since the decision of whether your company will choose to be on a fixed or variable energy supply will depend on the requirements of your business. It is nevertheless important to consider a few factors when deciding on this issue.

In the case of businesses with tight budgets, fixed energy can be a helpful option because it can provide a more predictable monthly bill. With variable energy, businesses have the opportunity to take advantage of falling energy prices as they are allowed by market conditions, saving them money in the long run.

Businesses should be careful about signing fixed energy contracts as they often come with cancellation fees, so they should be sure that they are comfortable signing a more long-term contract before they commit to it. As variable energy contracts do not have cancellation fees, it is often possible for businesses to switch from one provider to another without incurring any penalties if they find a better deal elsewhere.

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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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