Business Electricity

When Should I Switch To

A Di erent Energy

Supplier

BETTERBUSINESSQUOTES.CO.UK

BUSINESS ELECTRICITY

When should I switch to a di erent energy supplier

It is important to check whether or not you have been paying more than the

average tari rate than usual. If you have never switched to a di erent energy

provider before, doing so will make you realise that you have been

overpaying for quite awhile.

Another thing to take into consideration is service. If you are currently signed

under an energy supplier with poor or subpar customer service, then it might

be time to switch to a much reliable provider.



Before switching to a di erent business energy supplier, however, it’s

important to note that you must rst terminate your existing contract with

your current supplier and that all outstanding bills have been paid for if there

are any. This will make your switch far from tedious.

Why am I paying so much for electricity?

There can be a number of reasons as to why your business electricity bills are

o the charts – one reason being that the UK has the highest per kWh rates in

the world.



Another probability could be that you are paying a hefty amount per kWh on

a bad tari precisely because you haven’t switched to a di erent supplier for

a long time. At least 70% of businesses in the UK do not shop for energy

regularly and choose to stick to the same contract for years to come.

This usually leads to missing out on great deals and bene ts. By getting a

business quote, you will be able to tell how much you have been paying and

that it is apparently possible for you to cut down those costs and pay less on

a di erent tari with a new energy supplier in the market.



Otherwise, if you think you’ve already scored a great deal but are still nding

yourself paying quite a lot on energy, it could simply mean that you consume

a lot of energy or are using appliances and equipment that are not e cient in

energy.



Is it possible to get cheaper electricity rates?

Yes! It is possible for businesses to get cheaper electricity rates. In

fact, comparing business energy quotes will help you determine what’s cheap

and what’s not, while helping you score business electricity deals that won’t

leave a dent on your company’s budget.

While it may be cheaper to switch to a di erent energy provider, the amount

you’ll be able to save will still all depend on how much your tari is with your

current supplier and how much electricity you consume on a day to day

basis.



There are two types of tari s for commercial plans:

Fixed Rate Contracts



This type of business electricity tari is much suitable for small businesses.

As the title suggests, Fixed Rate Contracts charge a xed price per kWh for an

allotted period of time.

Usually, these contracts last for at least 1-3 years depending on the supplier.

This type of contract normally o ers 60% savings below average rates.

Variable/Flexible Rate Contracts

Unlike Fixed Rate Contracts, Flexible Rate Contracts give you much more

liberty to switch to a di erent energy provider. Prices to be paid under

Variable/Flexible Rate Contracts may uctuate depending on market activity.

Generally, these two types of tari s are for establishments that are on

standard Non Half-Hourly meters. Non Half-Hourly meters or NHH for short,

is a ‘measurement class’ for SMEs and domestic premises.



How can I tell if my business has Non Half-Hourly or

Half-Hourly meters?

You can determine the di erence between Non Half-Hourly and Half-Hourly

by how your usage is being measured.

For NHH meters, electricity usage will be estimated manually on a monthly

basis. Small to medium businesses are normally classi ed under NHH.

Half-Hourly or HH, on the other hand, automatically captures and computes

your usage every 30 minutes and immediately relays the data to your

supplier.

Larger establishments with a demand of 100kW or over are required to use

the latter, so that suppliers can provide them with more detailed and

accurate energy use data as mandated by the P272 legislation.

To determine what type of meter you have, all you need is a copy of your

electric bill. You will nd a 23-digit code on your bill—this is called the S

number or Meter Point Administration Number (MPAN).

Do you see the rst two digits of your S number? They indicate what Pro le

Class you fall under—this will easily help you distinguish what your

Measurement Class is.




Business Electricity

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