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Compare Business Gas & Electricity Prices

Most of us know that it’s important to check our bills, but how many of us actually do? Energy bills in particular can be confusing so sometimes it’s just easier to keep going and stick with what you know.

But staying with the same supplier year after year could be costing you money, which is why we decided to get rid of confusion and set the record straight – here’s what you need to know about comparing business energy.

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How to run a business energy comparison

Commercial energy contracts are designed to meet the specific needs of your business, so no two deals will ever be the same. On the positive side this means you get a deal that best reflects the way you use energy. The downside is that you have to contact each supplier to get a quote, and when you run your own business – you often don’t have the luxury of time to do this.

Another thing to bear in mind, is that you won’t be able to compare business energy quotes until your switching window opens. Your supplier will let you know when this happens but it’s usually up to six months before the end of your contract.

During your switching window, your existing supplier will try and tempt you with a new deal. It’s up to you whether you stay but before you make a decision, it’s always worth comparing just to see if you really are being offered the best deal available.

If you find a better tariff elsewhere and decide to switch supplier, then you’ll need to settle any outstanding bills and you might need to take one last meter reading.

Whatever you decide to do, it’s always best to make sure you have another deal lined up and ready to go. If you don’t, you could find yourself on an ‘out-of-contract’ tariff leaving you seriously out of pocket.

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Look out for the different types of contract on offer

The tariff you agree will be unique to your business needs but your contract will fall into one of five main types of agreement:

  • Fixed term – this is where you pay a fixed price for each unit of energy (measured in kilowatt hours, kWh). The unit cost is frozen for the length of your contract although your bills will vary depending on how much you use. These contracts offer stability and can help you plan and budget but the longer your fixed term the higher the tariff is likely to be.
  • Variable rate – this is where the unit cost of gas or electricity fluctuates according to the energy market. It means you’ll benefit from any price drops but you’ll also have to shell out for any rises too.
  • Deemed rates – this is one of the most expensive contracts on the market but easy to end up on if you don’t agree a new deal before your old one ends.
  • 28-day contracts – these aren’t as common any more, but you could be on this type of contract if you haven’t switched supplier since the energy market was deregulated.
  • Rollover contract – this is a bit like an auto-renewal where your supplier will simply roll your contract over for another year – another expensive one to avoid.

If you need help navigating business gas and electricity quotes, want some advice or need a recommendation, then give our energy experts a call on 0800 138 9060 and see how much you could save.

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