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27th June 2022

How To Compare Business Electricity Prices Online And Find The Best Deal

If you're in business and haven't compared electricity prices recently, chances are you're paying more than you should be. The good news is that there are a number of ways to find the best deal on electricity for your small business. In this article, we will tell you how to compare rates online and other tips for how to get the best deal on energy.

compare business electricity prices online

If you're in business and haven't compared electricity prices recently, chances are you're paying more than you should be. The good news is that there are a number of ways to find the best deal on electricity for your small business. In this article, we will tell you how to compare rates online and other tips for how to get the best deal on energy.

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compare business electricity rates online

Determining your energy usage

Before you can compare business electricity prices online, you'll need to determine your business's energy usage. The easiest way to do this is by asking your current provider for a printout of your latest bill. If they only provide monthly or quarterly bills, call them and request that they send you an annualised bill instead (you may have to pay a small fee for this service).

If it's not practical or possible for you to get a printout of your latest bill from your current provider, there are other ways of determining how much energy your business uses each month:

Ask the employees who operate certain machines in the office how often they use them throughout the day and what their average wattage is (the wattage is usually printed on the machine itself). You can then calculate how many hours per day these machines run each month and multiply this figure by their average wattage rating.

If some equipment in your company runs continuously (e.g., heating system), then its annual cost will be easy enough to determine based on real-world measurements—simply use an ammeter attached directly onto one wire connected to an outlet where said equipment operates most often during peak hours; keep track of its readings over several days or weeks until there are consistent patterns emerging.

These patterns will allow for more accurate predictions about overall costs since most businesses don't keep exact records when it comes down specifically which purchases make up total expenses."

Finding the best rate for your small business

The best way to find the best rate for your small business is to compare plans online. You can do this by using a price comparison website like Compare Business Electricity . The first thing you'll want to do is look for a plan that is tailored to your business; if you own an accounting firm, then you don't need the same amount of electricity as someone who runs a restaurant.

The second thing is budget; does your business have enough room in its budget for additional monthly costs like electricity? If not, then there are options available from companies that offer fixed rates or variable rates based on usage (meaning the more energy used each month would result in higher bills).

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Know whom you are buying from

It's important to understand the difference between direct and indirect suppliers. As you may have guessed, direct suppliers directly supply electricity to customers. It doesn't matter whether they own generation assets or not.

Indirect suppliers are companies that buy electricity from generators and then sell it as part of their own retail business. They can also buy from other wholesalers to meet their customers' demand – but only if there is enough spare capacity in the market (i.e., when there are no shortages).

The key thing to note here is that indirect suppliers do not own generation assets themselves – so they are buying wholesale prices from generators or wholesalers, which means they're able to pass these lower costs on to you at a cheaper rate than what you'd pay by going through a direct supplier.

Know how to monitor your bills

If you're looking to save money on your electricity bills, the first step is knowing how to monitor those bills. Read your bill in detail each month and make sure that everything listed on the bill was used by you or someone in your household.

If there are any charges that aren't familiar, contact the power provider immediately so they can investigate them and get back to you with an explanation.

compare small business electricity prices online

Adjusting your business's electricity plans in the future

You can make changes to your electricity plan at any time. You'll need to talk to your electricity provider or your energy supplier if you have a contract. If you have an online account with them, they'll usually let you see what options are available and help you choose one that best suits your needs.

If there's no option for changing plans on their website, then contact them by phone or email and ask about it.

If they don't offer the option of changing plans in their terms and conditions (which is unusual), then ask them why that is and how often they review these things anyway?

You might be able to get an indication from this information whether or not they are willing to consider changing some aspects of their service going forward -- particularly if others have made similar requests before but been turned down because there wasn't enough demand for it yet!

You can find a better deal on your electricity.

It's time to look at your energy bill, because it may cost you more than you think.

The good news is that there are ways of saving money and reducing your carbon footprint, whether it's taking advantage of government incentives or switching providers.

In fact, if you switch suppliers now, we can help make sure that any savings from the changeover period go towards paying off your debt quicker and leaving the interest rates behind. This could mean that you are able to get rid of them and start saving money without having to wait until your loan is paid off before making any changes!

If you are looking for a better deal on your business electricity, we hope that this article has given you some useful tips and ideas. You can save hundreds of dollars each year by finding the best rates online, but be careful to compare apples with apples when looking at prices. If the rates seem too good to be true, they probably are! Remember that it's important to know whom you are buying from and how they calculate their prices so that you don't get ripped off in any way possible. Don't forget about monitoring all your bills, so they don't creep up on you!

If you're looking for ways to save money on your business electricity, then Compare Business Electricity can help. We provide detailed quotes from a range of suppliers, so you can find the best deal for your needs. Our team is ready and waiting to help you make the switch and start saving!

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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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