The prices that suppliers charge for business electricity, business gas and other utilities can vary massively. It’s not unusual for one business to be paying three times the rate on their gas and electricity bills as the building next door. Over the past couple of years the highest unit rate for business electricity we have seen, for example, is 32 pence per kilowatt hour and the cheapest electricity is less than seven.
Most energy suppliers require your business to have a minimum credit rating – so the better score you have, the more you can compare energy prices and the cheaper your energy bills will be. Other variables that determine which cheap business electricity prices each business is eligible for include: postcode, business type (sole trader, Ltd etc), sector (retail, manufacturing etc), annual consumption (average for an SME is 25,000 kWh/year), meter profile (the first two digits in a meter reference number range from 00-08 which is a classification related to consumption – most small businesses are 03/04 profile) and payment terms (direct debit being best).
We ask customers to grab recent copies of their energy bills and we can usually quote immediately over the phone based on a search of cheapest energy suppliers in the market. Our system is updated daily with new prices from across the whole market – including all of the ‘Big 6’ energy suppliers. The quote will detail the savings you can expect from the rates we have offered. If you like the quote, we will arrange the contract between you and the supplier and work to make sure that the transfer happens smoothly. Our opening hours are 9.00am-5.30pm Monday- Friday. Fill in an online form for a call back inside our office hours.